LOWOutside partyCustomer
22%
top five clients
“10-K Item 1A: 'Our five largest clients generated approximately 22% of our revenues, none of which individually generated more than 10%, in the fiscal year ended December 31, 2025.'”
ADV · Concentration risk · 10-K extracted
Advantage Solutions (ADV) concentration risks
Updated
The most significant concentration Advantage Solutions discloses is top five clients at 22%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Advantage Solutions’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-19Advantage Solutions' disclosed concentration profile is notably light. The company's only flagged exposure is customer-side: its five largest clients together generated approximately 22% of revenues in fiscal 2025, with no single client individually contributing more than 10% of that total. That structure is meaningfully different from a business anchored to one or two accounts — the revenue is spread across a base wide enough that no individual relationship rises to a reportable threshold on its own. Because this is the only concentration exposure disclosed in the filing, there are no supplier, geographic, or product-line dependencies to weigh against it, and no single-counterparty shock highlighted elsewhere in the 10-K. The dependency character here is real but diffuse: a general reliance on a modest cluster of large marketing-services clients rather than any name-specific risk. For investors, this reads as a low-share, reasonably diversified customer base whose loss of any one client would not by itself move the needle, and the filing's own disclosure suggests management does not view customer concentration as a material standalone risk factor for the business.
For the engine’s reasoning on ADV’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Advertising Agencies
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| EVC | Entravision Communications Corp | 1 | 2 | 0 | 3 |
| APP | Applovin Corporation | 1 | 1 | 0 | 2 |
| CCO | Clear Channel Outdoor Holdings, | 1 | 1 | 0 | 2 |
| DV | DoubleVerify Holdings, Inc. | 0 | 1 | 0 | 1 |
| ADV● | Advantage Solutions Inc. | 0 | 0 | 1 | 1 |
| CRTO | Criteo S.A. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.