# Advantage Solutions Inc. (ADV)

> Source: Nexqual · https://nexqual.com/ADV · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Advantage Solutions Inc. (ADV), nexqual.com/ADV" · informational, not investment advice.

**Price:** USD 30.34 (+7.21% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 28.3 · day 28.45–30.43 · 52w 12.23–47.45 · market cap $403M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.61B, net income -$276M (-7.6% margin), free cash flow $116M (SEC filings).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $55K; 1 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 42 (range 34–50).
- Total return with dividends: 1Y -16.3% vs S&P 500 +14.9%; 5Y -85.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.92, revenue estimate $900M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.60B | $3.65B | $3.90B | $3.57B | $3.54B | $3.61B |
| Operating income | $230M | -$1.49B | $46.6M | -$295M | -$126M | -$116M |
| Net income | $54.5M | -$1.38B | -$63.3M | -$327M | -$228M | -$276M |
| EPS (diluted) | $4.25 | -$108.25 | -$5.00 | — | — | — |
| Free cash flow | $94.8M | $92.4M | $208M | $85.3M | $55.1M | $116M |
| Operating margin | 6.4% | -41.0% | 1.2% | -8.3% | -3.6% | -3.2% |
| Net margin | 1.5% | -37.9% | -1.6% | -9.2% | -6.4% | -7.6% |
| Revenue growth | +14.2% | +1.2% | +7.0% | -8.6% | -0.7% | — |
| Cash + short-term investments | $165M | $118M | $121M | $205M | $241M | — |
| Total debt | $2.09B | $2.08B | $1.90B | $1.72B | $1.69B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.1x · EV/EBITDA 21.4x · EV/Sales 0.5x · P/FCF 3.5x · P/B 1.0x · FCF yield 28.85% · Earnings yield -68.35% · Buyback yield (TTM) 4.21% · Net debt $1.48B · EV $1.89B

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $55K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-18…2026-05-19 | Peacock David A | Chief Executive Officer | 1,600 | $55K | 34.6 | Opportunistic (traded every year 2023–2025, no repeating month) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 42 (low 34, high 50).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-06 | Morgan Stanley | Target lowered | Equal-Weight | $35 → $34 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -16.3% | -85.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -16.4% | -31.9% |
| Volatility (annualized) | 96.7% | 75.7% |
| Max drawdown | -66.5% (Oct 2025→Feb 2026) | -94.2% (Nov 2021→Feb 2026) |

## Peers (Advertising Agencies)
PERI (Perion Network Ltd) USD 8.75 +0.11% · TJGC (TJGC Group Limited) USD 31.89 +0.00% · NEXN (Nexxen International Ltd.) USD 9.05 +0.78% · EVC (Entravision Communications Corp) USD 6.26 -0.79% · CRTO (Criteo S.A.) USD 14.87 -0.47% · QNST (QuinStreet, Inc.) USD 16.88 +2.93%

## More
Full page: https://nexqual.com/ADV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ADV's own 10-K filed 2026-03-03 (https://www.sec.gov/Archives/edgar/data/1776661/000119312526088543/adv-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | The Nasdaq Stock Market | "To the extent we utilize these exemptions, you will not have the same protections afforded to stockholders of companies that are subject to all of the corporate governance requirements of Nasdaq." |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $3.37B | 95.1% | -1.3% |
| United States | $3.10B | 87.5% | +0.0% |
| Asia Pacific | $163.2M | 4.6% | +12.1% |
| Europe | $11.2M | 0.3% | +43.8% |
| Total revenue | $3.54B | 100% | — |
The lines above cover 187.5% of total revenue.

## Company outlook (8-K filed 2026-08-05)

- "(2) 2026 revenue outlook excludes reimbursable expenses."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.92 | $2.32 | -17.2% | $899.5M | 1 |
| Next quarter (ends 2026-12-31) | $1.92 | $1.65 | +16.4% | $916.9M | 1 |
| Current fiscal year (ends 2026-12-31) | $1.79 | $4.71 | -62.0% | $3.59B | 1 |
| Next fiscal year (ends 2027-12-31) | $7.66 | $9.34 | -18.0% | $3.64B | 1 |