Advantage Solutions Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting a net loss of $25.1 million for the third quarter and a year-to-date net loss of $159.6 million.

Key Highlights

  • Q3 2026 Revenue: The company reported revenues of $913,739 thousand for the three months ended September 30, 2026, compared with $915,012 thousand in the same period of 2025.
  • Q3 Net Loss: Net loss for the third quarter was $25,098 thousand, versus net income of $20,565 thousand in Q3 2025.
  • Nine-Month Net Loss: For the nine months ended September 30, 2026, the company recorded a net loss of $159,636 thousand, compared with a net loss of $66,005 thousand in the same period of 2025.
  • Basic Loss Per Share: Basic loss per common share was $(1.96) for Q3 2026 and $(12.34) for the nine months ended September 30, 2026.
  • Total Assets: Total assets stood at $2,492,583 thousand as of September 30, 2026, down from $2,793,415 thousand at December 31, 2025.
  • Long-Term Debt: Long-term debt, net of current portion, was $1,510,051 thousand as of September 30, 2026, compared with $1,660,611 thousand at December 31, 2025.
  • Shares Outstanding: As of October 30, 2026, the registrant had 12,769,105 shares of Class A common stock outstanding.

Advantage Solutions Reports Widening Losses and Revenue Pressure in Third Quarter 2026

According to the filing, Advantage Solutions Inc. (NASDAQ:ADV) generated revenues of $913,739 thousand in the third quarter of 2026, a slight decline from $915,012 thousand in the third quarter of 2025. For the nine months ended September 30, 2026, the company reported revenues of $2,672,791 thousand, up from $2,610,511 thousand in the comparable prior-year period. The company disclosed operating income of $7,538 thousand for Q3 2026, down from $40,160 thousand in Q3 2025, with total operating expenses rising to $906,201 thousand from $874,852 thousand in the year-ago quarter. Items contributing to the increase in operating expenses included an impairment of long-lived assets of $8,091 thousand recorded in Q3 2026, with no comparable charge in Q3 2025.

The filing disclosed interest expense, net, of $38,758 thousand for the third quarter of 2026, compared with $34,954 thousand in the same period of 2025. For the nine months ended September 30, 2026, net interest expense totaled $113,520 thousand versus $105,128 thousand in the prior-year period. Other expense for the nine-month period included $26,723 thousand, described as "other expense, including debt fees." The combined effect produced a loss before income tax expense of $31,461 thousand for Q3 2026 and $120,859 thousand for the nine months ended September 30, 2026.

On the balance sheet, the company reported cash and cash equivalents of $131,322 thousand as of September 30, 2026, down from $240,850 thousand at December 31, 2025. Total stockholders' equity declined to $381,264 thousand from $553,958 thousand over the same period, with the accumulated deficit widening to $3,028,983 thousand from $2,869,347 thousand. The company also disclosed goodwill of $438,900 thousand and other intangible assets, net, of $867,028 thousand as of September 30, 2026.

What Was Disclosed

Advantage Solutions filed its unaudited quarterly report covering the three and nine months ended September 30, 2026, disclosing revenue, net losses, balance sheet changes, and per-share figures. Total assets fell to approximately $2.49 billion, and the accumulated deficit grew to approximately $3.03 billion.