NASDAQ$ADV

Advantage Solutions Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Advantage Solutions reported Q4 2025 revenue of $932.1M with a net loss of $161.7M from continuing operations.

Continuing-operations revenue grew 4.5% to $932.1 million in Q4 while the net loss narrowed to $161.7 million from $177.9 million. Adjusted EBITDA was $87.7 million (-7.3%). Cash ended the quarter at $241 million, up $40 million sequentially, aided by divestiture proceeds and working-capital improvement. Management expects flat to low-single-digit revenue growth in 2026 with adjusted EBITDA flat to down mid-single digits.

  • Q4 revenue $932.1M (+4.5% YoY).
  • Net loss $161.7M; adjusted EBITDA $87.7M.
  • Cash $241M after divestitures and WC gains.
  • Debt refinancing and reverse split planned.
  • 2026 focus on tech transformation and labor productivity.

Headline financials

Total Revenue

$932M

Previous: $892M+4.5%
EPS (adj)

-$0.50

Previous: $0.01-5100.0%
Adjusted EBITDA

$87.7M

Previous: $94.6M-7.3%
Adjusted EBITDA Margin

9.4%

Previous: 10.6%-11.3%
Net Debt

$1.45B

No prior period
Net Income

-$162M

Previous: -$178M+9.1%
Operating Income

-$162M

Previous: $27.7M-684.2%

Revenue & EPS history

Advantage Solutions · Revenue · Quarterly

$932M

Q4 2025+4.5%vs Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

2026 revenue flat to up low-single digits; adjusted EBITDA flat to down mid-single digits; $250–$275M unlevered free cash flow expected.

Tailwinds

  • Sequential cash build and non-core asset sales.
  • Revenue growth returned in Q4.
  • Extended debt maturities to 2030.

Headwinds

  • Still loss-making on GAAP basis.
  • Adjusted EBITDA declining YoY.
  • Consumer goods retail environment remains challenging.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-2.7%

Avg return

Earnings day

-3.9%

Avg return

5 days after

-0.1%

Avg return

30 days after

36%

9 / 25 earnings

Positive

+18.6%

Q4 2022

Best reaction

-20.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.3%-5.5%+1.8%
Q4 2025-1.0%+15.9%+57.6%
Q3 2025-3.3%+8.9%-30.1%
Q1 2025-17.8%-14.3%+12.2%
Q4 2024-8.9%-28.4%-44.9%
Q3 2024+10.1%-1.6%+5.1%
Q2 2024+4.2%+0.3%+3.6%
Q1 2024-17.6%-20.2%-29.1%
Q4 2023+2.1%-3.4%+14.6%
Q3 2023-16.0%-16.5%+29.1%
Q2 2023+2.3%+1.2%+12.4%
Q1 2023+10.8%+18.5%+62.3%
Q4 2022+18.6%+7.7%-28.2%
Q3 2022-20.2%-17.5%-33.4%
Q2 2022-9.7%+3.2%-32.5%
Q1 2022-11.0%-9.6%-15.3%
Q4 2021-15.9%-26.9%-18.9%
Q3 2021+4.4%+1.6%-13.9%
Q2 2021-6.7%-6.0%-13.0%
Q1 2021-3.8%-5.6%-4.7%
Q4 2020-0.2%+7.2%+27.1%
Q2 2020-0.2%+7.2%+27.1%
Q3 2020-2.1%-13.8%-1.5%
Q1 2020+0.5%+0.0%+4.9%
Q4 2019-1.0%-1.0%+5.1%
Q3 2019
Q2 2019
Q1 2019
Q1 2017
Q1 2016

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