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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 102,869 $ 205,233
Restricted cash 17,334 15,518
Accounts receivable, net of allowance for expected credit losses of $17,372 and $13,047, respectively 673,258 603,069
Prepaid expenses and other current assets 133,248 86,918
Total current assets 926,709 910,738
Property and equipment, net 97,288 97,763
Goodwill 477,021 477,021
Other intangible assets, net 1,246,834 1,332,578
Investments in unconsolidated affiliates 243,086 226,510
Other assets 37,852 61,907
Total assets 3,028,790 3,106,517
Current liabilities    
Current portion of long-term debt 13,250 13,250
Accounts payable 176,797 158,485
Accrued compensation and benefits 125,919 129,486
Other accrued expenses 126,013 134,677
Deferred revenues 31,379 24,164
Total current liabilities 473,358 460,062
Long-term debt, net of current portion 1,663,700 1,686,690
Deferred income tax liabilities 145,593 146,889
Other long-term liabilities 62,565 64,141
Total liabilities 2,345,216 2,357,782
Commitments and contingencies (Note 9)
Equity attributable to stockholders of Advantage Solutions Inc.    
Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 325,164,802 and 320,773,096 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 33 32
Additional paid in capital 3,474,653 3,466,221
Accumulated deficit (2,728,182) (2,641,612)
Loans to Karman Topco L.P. (7,351) (7,029)
Accumulated other comprehensive loss (1,694) (15,861)
Treasury stock, at cost; 12,894,517 and 12,400,075 shares as of June 30, 2025 and December 31, 2024, respectively (53,885) (53,016)
Total stockholders' equity 683,574 748,735
Total liabilities and stockholders' equity $ 3,028,790 $ 3,106,517