Filing Flows › Advantage Solutions (ADV) › Q4 2025
Advantage Solutions (ADV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
Advantage Solutions (ADV) reported revenue of $932M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +2% from the quarter before. Operating margin was -17.4%, net loss $162M (17.4% of revenue).
Advantage Solutions, Q4 2025: revenue $932M (+4% year over year), operating margin -17.4%, net loss $162M, operating cash flow $45.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $932M | +2% | +4% |
| Operating profit | −$162M | -503% | — |
| Net earnings | −$162M | -886% | — |
| Operating cash flow | $45.6M | -28% | +202% |
What changed
Revenue was $932.1M in Q4 2025, up 4% year over year and up 2% from the previous quarter.
Operating costs exceeded revenue by $162.0M, an operating margin of -17.4%. Total costs grew 3% against revenue growth of 4%. The fastest-growing cost line was SG&A (+14%). The quarter ended with a net loss of $161.7M, after a profit of $20.6M the previous quarter.
Operating cash flow was $45.6M (up 202% year over year). Non-cash charges added back $50.5M of depreciation and amortization. Working capital and other items added $156.9M. Capital expenditures of −$22.2M left free cash flow of $67.8M.
Questions
What was Advantage Solutions' revenue in the fourth quarter 2025?
Advantage Solutions (ADV) reported revenue of $932M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +2% from the quarter before.
Was Advantage Solutions profitable in the fourth quarter 2025?
Operating loss was $162M (-17.4% of revenue) and net loss $162M.