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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues $ 873,707 $ 873,357 $ 1,695,499 $ 1,734,769
Cost of revenues (exclusive of depreciation and amortization shown separately below) 746,932 751,337 1,469,686 1,503,181
Selling, general, and administrative expenses 68,657 62,858 133,522 151,939
Impairment of goodwill and indefinite-lived asset 0 99,670 0 99,670
Depreciation and amortization 50,698 51,317 101,059 101,065
(Income) loss from equity method investments (2,591) (566) (4,158) 123
Total operating expenses 863,696 964,616 1,700,109 1,855,978
Operating income (loss) from continuing operations 10,011 (91,259) (4,610) (121,209)
Other expenses:        
Change in fair value of warrant liabilities 16 (686) 26 (399)
Interest expense, net 35,814 39,754 70,174 75,515
Total other expenses, net 35,830 39,068 70,200 75,116
Loss from continuing operations before provision for (benefit from) income taxes (25,819) (130,327) (74,810) (196,325)
Provision for (benefit from) income taxes from continuing operations 4,621 (17,311) 11,760 (33,176)
Net loss from continuing operations (30,440) (113,016) (86,570) (163,149)
Net income from discontinued operations, net of tax 0 12,181 0 59,199
Net loss (30,440) (100,835) (86,570) (103,950)
Less: net income from discontinued operations attributable to noncontrolling interest, net of tax 0 0 0 2,192
Net loss attributable to stockholders of Advantage Solutions Inc. $ (30,440) $ (100,835) $ (86,570) $ (106,142)
Net loss per common share:        
Basic loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. $ (0.09) $ (0.35) $ (0.27) $ (0.51)
Basic earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. 0 0.04 0 0.18
Diluted net loss per share:        
Diluted loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. (0.09) (0.35) (0.27) (0.51)
Diluted earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. $ 0 $ 0.04 $ 0 $ 0.18
Weighted-average number of common shares:        
Basic 324,314,678 322,791,242 323,006,328 322,124,698
Diluted 324,314,678 322,791,242 323,006,328 322,124,698
Comprehensive Income (Loss):        
Net Income (Loss) $ (30,440) $ (100,835) $ (86,570) $ (106,142)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments 13,365 (2,340) 14,167 (5,057)
Total comprehensive loss attributable to stockholders of Advantage Solutions Inc. $ (17,075) $ (103,175) $ (72,403) $ (111,199)