Filing Flows

Filing Flows › Companies › Advantage Solutions › Cash flow

Advantage Solutions cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$40.6M in Q3 2026 · $114M over twelve months

Operating cash flow$51.0M
Capital spending−$10.4M
Free cash flow+$40.6M
Cash conversion cycle42 days

Analysis

In Q3 2026, Advantage Solutions generated $51.0M of operating cash flow and spent $10.4M on capital projects, leaving free cash flow of $40.6M. That is $11.6M less than in Q3 2025 ($52.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $114M; the largest uses were net borrowing (+) / repaid (−) ($148M), other investing ($61.7M), buybacks ($19.3M); besides operations, cash came from asset & business sales ($60.8M), shares issued ($1.7M); the cash balance fell by $69.8M.

Operating cash flow was $51.0M against net income of −$25.1M. The largest differences: depreciation & amortization +$51.0M, receivables +$26.2M, deferred taxes −$15.5M.

Its cash conversion cycle was 42 days (receivables 63 + inventory 0 − payables 21).

Free cash flow

Advantage Solutions: free cash flow by quarterAdvantage Solutions: free cash flow by quarter$57.6MQ4 2024−$54.7MQ1 2025−$10.2MQ2 2025$52.2MQ3 2025$67.8MQ4 2025$12.3MQ1 2026−$16.0MQ2 2026$40.6MQ3 2026
Operating cash flow less capital spending.
Advantage Solutions: operating cash flow against capital spendingAdvantage Solutions: operating cash flow against capital spendingOperating cash flowCapital spending$15.1M−$42.5MQ4 2024−$39.6M$15.1MQ1 2025−$8.1M$2.1MQ2 2025$63.6M$11.4MQ3 2025$45.6M−$22.2MQ4 2025$23.7M$11.4MQ1 2026−$6.5M$9.4MQ2 2026$51.0M$10.4MQ3 2026
Latest (Q3 2026): Operating cash flow $51.0M, Capital spending $10.4M.

Capital allocation, year by year

Advantage Solutions: where the cash came from (up) and went (down), by fiscal yearAdvantage Solutions: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $126MFY2021: Net borrowing −$63.4MFY2021: Shares issued $794KFY2021: Capital spending −$31.2MFY2021: Acquisitions −$42.7MFY2021: Buybacks −$12.6M$127MFY2021FY2022: Operating cash flow $105MFY2022: Net borrowing −$60.3MFY2022: Shares issued $3.3MFY2022: Asset sales $1.9MFY2022: Capital spending −$12.4MFY2022: Acquisitions −$74.2M$110MFY2022FY2023: Operating cash flow $228MFY2023: Net borrowing −$72.4MFY2023: Shares issued $4.5MFY2023: Asset sales $21.1MFY2023: Capital spending −$20.7MFY2023: Buybacks −$6.4M$254MFY2023FY2024: Operating cash flow $93.1MFY2024: Net borrowing −$13.1MFY2024: Shares issued $4.6MFY2024: Asset sales $276MFY2024: Capital spending −$7.8MFY2024: Buybacks −$34.1M$373MFY2024FY2025: Operating cash flow $61.5MFY2025: Net borrowing −$13.2MFY2025: Shares issued $1.8MFY2025: Asset sales $60.5MFY2025: Capital spending −$6.5MFY2025: Buybacks −$869K$124MFY2025
Over these 5 years operating cash flow totalled $614M; the largest uses were net borrowing ($222M) and acquisitions ($117M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$131M
Debt$1.6B
Net debt$1.4B
Due within a year$13.2M

Advantage Solutions funds itself: free cash flow was $114M over the last twelve months, and $131M of cash and investments stands against $1.6B of debt ($13.2M due within a year, 9.9× covered by cash).

Advantage Solutions: debt maturities by year (FY2025)Advantage Solutions: debt maturities by year (FY2025)$13.2MYear 1$1.1BYear 2$595MYear 3
Principal due in each year as disclosed in the annual report, against $131M of cash and investments now.

Where the cash came from and went

Advantage Solutions: sources (+) and uses (−) of cash, Q3 2026Advantage Solutions: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$51.0MCash drawn (+) / kept (−)−$29.0MCapital spending−$10.4MNet borrowing (+) / repaid (−)−$6.5MOther investing−$4.0MBuybacks−$2.3MShares issued$947KAsset & business sales$523KOther financing−$512KNot reconciled$120K
Advantage Solutions: sources (+) and uses (−) of cash, TTM to Q3 2026Advantage Solutions: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)−$148MOperating cash flow$114MCash drawn (+) / kept (−)$69.8MOther investing−$61.7MAsset & business sales$60.8MBuybacks−$19.3MOther financing−$19.0MShares issued$1.7MNot reconciled$1.3M

From profit to cash

Advantage Solutions: net income to operating cash flow, Q3 2026Advantage Solutions: net income to operating cash flow, Q3 2026Net income−$25.1MDepreciation & amortization$51.0MDeferred taxes−$15.5MImpairments$8.1MOther non-cash$706KReceivables$26.2MPayables−$2.4MEmployee-related liabilities−$10.0MDeferred revenue−$37KOther liabilities$7.5MOperating cash flow$51.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202663—2142
Q2 202662—2041
Q1 202660—2040
Q4 202561—1942
Q3 202566—2045
Q2 202568—2247
Q1 202568—2147
Q4 202465—2244

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$51.0M−$10.4M−$2.3M−$6.5M$947K−$29.0M$40.6M
Q2 2026−$6.5M−$9.4M−$14.7M−$32.8M—$41.5M−$16.0M
Q1 2026$23.7M−$11.4M−$2.3M−$145M$744K$97.0M$12.3M
Q4 2025$45.6M$22.2M—−$3.3M—−$39.7M$67.8M
Q3 2025$63.6M−$11.4M—−$3.3M$1.7M−$93.0M$52.2M
Q2 2025−$8.1M−$2.1M—−$83.3M—$16.7M−$10.2M
Q1 2025−$39.6M−$15.1M−$869K−$23.3M$2.0M$83.9M−$54.7M
Q4 2024$15.1M$42.5M—−$3.2M—−$2.6M$57.6M

Advantage Solutions: income statement and cash flow

Advantage Solutions, Q3 2026: revenue $914M (-0.1% year over year), operating margin 0.8%. The chart follows the revenue to costs, profit and cash.

Advantage Solutions: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.