| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Gain on divestitures | NaN | NaN | 8,472 | NaN |
| Gain on divestiture and deconsolidation of subsidiaries | NaN | 27,983 | NaN | NaN |
| Net loss from continuing operations | NaN | -161,730 | 20,565 | -86,570 |
| Gain on repurchases of senior secured notes and term loan facility debt | NaN | 25 | 0 | 1,624 |
| Non-cash mark-to-market adjustments on derivatives and non-cash interest expense | NaN | NaN | 2,131 | NaN |
| Deferred financing fees related to repricing of long-term debt | NaN | NaN | 0 | 0 |
| Impairment of goodwill and indefinite-lived asset | NaN | 203,685 | NaN | NaN |
| Fair value adjustments related to contingent consideration | NaN | 0 | 0 | 0 |
| Net loss | -71,831 | NaN | NaN | NaN |
| Change in fair value of warrant liability | NaN | NaN | -110 | 27 |
| Non-cash adjustments on derivatives and non-cash interest income | 451 | 2,102 | NaN | NaN |
| Amortization of deferred financing fees | 1,297 | 1,766 | 1,770 | 3,502 |
| Impairment of goodwill | NaN | NaN | 0 | 0 |
| Depreciation and amortization | 51,570 | 50,456 | 50,743 | 101,059 |
| Deferred income taxes | 9,091 | -47,764 | -8,318 | -1,439 |
| Equity-based compensation of karman topco l.p | 0 | 0 | 0 | -1,524 |
| Restricted stock-based unit awards | 1,135 | NaN | NaN | NaN |
| Other share-based awards | 865 | NaN | NaN | NaN |
| Stock-based compensation | 2,000 | 6,432 | 7,414 | 13,069 |
| Gain on divestiture and income from investments in european joint venture | 1,014 | NaN | NaN | NaN |
| Income from unconsolidated investments | 2,472 | 1,925 | 1,408 | 4,158 |
| Distribution received from equity method investments | 2,684 | 1,810 | 0 | 0 |
| Loss on disposal of property and equipment | NaN | NaN | -325 | NaN |
| Other | -1,178 | -3,580 | NaN | 3,298 |
| Accounts receivable, net | -21,507 | -38,072 | -36,356 | 66,433 |
| Prepaid expenses and other assets | -44,070 | 29,522 | -15,306 | 17,207 |
| Accounts payable | 14,404 | -4,889 | -9,025 | 19,185 |
| Accrued compensation and benefits | -23,716 | 22,195 | -30,312 | -2,548 |
| Deferred revenues | -5,265 | 1,096 | -1,181 | 7,420 |
| Other accrued expenses and other liabilities | -19,324 | -14,585 | -11,190 | -7,189 |
| Purchase of property and equipment | NaN | -22,185 | 11,443 | 17,219 |
| Net cash provided by (used in) operating activities | 23,728 | 45,630 | 63,630 | -47,728 |
| Purchase of investments in unconsolidated affiliates | 2,000 | 113 | 165 | 3,458 |
| Purchase and development of capitalized software | NaN | 46,434 | NaN | NaN |
| Purchase of property and equipment and development of capitalized software | 11,401 | NaN | NaN | NaN |
| Proceeds from divestitures | 40,919 | 41,879 | 18,612 | 0 |
| Deconsolidation of subsidiaries cash and cash equivalents and restricted cash, net of proceeds | NaN | 0 | NaN | NaN |
| Proceeds from sale of investments in unconsolidated affiliates | NaN | 0 | NaN | NaN |
| Net cash provided by (used in) investing activities | 27,518 | 17,517 | 7,004 | -20,677 |
| Borrowings under lines of credit | NaN | 0 | 10,000 | 80,000 |
| Payment of deferred financing fees for line of credit modification | 13,702 | 0 | 10,000 | 80,000 |
| Deferred proceeds received from sale of jun group and contingent consideration payments | NaN | NaN | 22,500 | NaN |
| Principal payments on long-term debt | 131,319 | 3,312 | 3,313 | 6,625 |
| Proceeds from issuance of common stock | NaN | NaN | 845 | 993 |
| Repurchases of senior secured notes and term loan facility debt | NaN | -25 | 0 | 18,243 |
| Debt issuance costs | NaN | 0 | 0 | 0 |
| Payments for taxes related to net share settlement under 2020 incentive award plan | NaN | NaN | 74 | 3,624 |
| Deferred consideration paid for purchases in unconsolidated affiliates | NaN | 613 | 1,500 | NaN |
| Contingent consideration payments | NaN | 0 | NaN | 0 |
| Repurchases of senior secured notes and term loan facility | 0 | NaN | NaN | NaN |
| Proceeds from 2020 employee stock purchase plan | 744 | 1,838 | NaN | NaN |
| Payments for taxes related to net share settlement of equity awards | 73 | 3,596 | NaN | NaN |
| Holdback payments | NaN | 0 | NaN | NaN |
| Redemption of noncontrolling interest | NaN | 0 | NaN | NaN |
| Purchase of treasury stock | 2,306 | 0 | 0 | 869 |
| Net cash used in financing activities | -146,656 | -26,298 | 18,458 | -28,368 |
| Net effect of foreign currency changes on cash, cash equivalents and restricted cash | -1,565 | 2,890 | 3,953 | -3,775 |
| Net change in cash, cash equivalents and restricted cash | -96,975 | 39,739 | 93,045 | -100,548 |
| Cash, cash equivalents and restricted cash, beginning of period | 252,987 | 213,248 | 220,751 | NaN |
| Cash, cash equivalents and restricted cash, end of period | 156,012 | 252,987 | 213,248 | NaN |
Advantage Solutions Inc. (ADV)
Advantage Solutions Inc. (ADV)