Filing Flows › Advantage Solutions (ADV) › Q3 2025
Advantage Solutions (ADV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Advantage Solutions (ADV) reported revenue of $915M for the third quarter 2025 (Q3 2025), -3% from a year earlier and +5% from the quarter before. Operating margin was 4.4%, net earnings $20.6M (2.2% of revenue).
Advantage Solutions, Q3 2025: revenue $915M (-3% year over year), operating margin 4.4%, net earnings $20.6M, operating cash flow $63.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $915M | +5% | -3% |
| Operating profit | $40.2M | +301% | — |
| Net earnings | $20.6M | — | — |
| Operating cash flow | $63.6M | — | +87% |
| Free cash flow | $52.2M | — | +505% |
What changed
Revenue was $915.0M in Q3 2025, down 3% year over year and up 5% from the previous quarter.
Operating profit was $40.2M, a 4.4% margin (up 4.7 points year over year). Total costs fell 7% while revenue fell 3%. Net earnings were $20.6M. The tax line was a benefit of $15.2M on pre-tax earnings of $5.3M.
Operating cash flow was $63.6M (up 87% year over year), 309% of net earnings. Non-cash charges added back $50.7M of depreciation and amortization. Working capital and other items used $7.7M. Capital expenditures of $11.4M left free cash flow of $52.2M.
Questions
What was Advantage Solutions' revenue in the third quarter 2025?
Advantage Solutions (ADV) reported revenue of $915M for the third quarter 2025 (Q3 2025), -3% from a year earlier and +5% from the quarter before.
Was Advantage Solutions profitable in the third quarter 2025?
Operating profit was $40.2M (4.4% of revenue) and net earnings $20.6M.