Thryv Holdings (THRY) AI Stock Analysis

• Market Cap: $547.45M
• Dividend Yield: N/A
• Average Volume (3M): 413.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: -13.60%
• EPS Growth: 69.70%
• Country: US
• Employees: 2,986
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 0.31
• Shares Outstanding: 43,936,290
• 10 Day Avg. Volume: 346,502
• 30 Day Avg. Volume: 413,933
• PEG Ratio: 0.10
• Price to Book (P/B): 2.79
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 9.77
• Enterprise Value/Market Cap: 1.46
• Enterprise Value/Revenue: 1.06
• Enterprise Value/Gross Profit: 1.60
• Enterprise Value/Ebitda: -98.91
• 1Y Price Target: $18.00
• Price Target Upside: 53.32% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 55 Neutral
• Price Target: $12.50 ▲(6.47% Upside)

Thryv Holdings' overall stock score is primarily influenced by its financial performance challenges, including declining revenues and negative profitability margins. The positive sentiment from the earnings call, highlighting strong SaaS revenue growth and strategic innovations, provides a counterbalance. Technical indicators suggest a neutral to slightly bearish outlook, while valuation concerns persist due to a negative P/E ratio.

Positive Factors

SaaS Revenue Growth

Strong SaaS revenue growth indicates robust demand for Thryv's software solutions, enhancing its market position and supporting long-term business expansion.

Cash Flow Generation

Positive cash flow generation provides financial stability and flexibility, allowing Thryv to invest in growth opportunities and manage debt effectively.

Leverage Improvement

Reduction in leverage enhances financial health, decreasing risk and improving the company's ability to navigate economic fluctuations.

Negative Factors

Declining Revenue

Declining revenue poses a risk to long-term growth and profitability, potentially limiting the company's ability to invest in new initiatives and maintain competitive advantage.

Profitability Challenges

Ongoing profitability challenges may hinder Thryv's ability to reinvest in its business, affecting its capacity to sustain competitive positioning and growth.

Marketing Services Decline

A decline in marketing services revenue indicates a shift away from legacy services, which could impact overall revenue diversification and stability.

Thryv Holdings Business Overview & Revenue Model

Company Description

Thryv Holdings, Inc. provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH. It also offers print and digital solutions, including the company's print yellow pages; internet yellow pages, such as yellowpages.com, superpages.com, dexknows.com, and extended search solutions; search engine marketing solutions; and other digital media solutions, including online display and social advertising, online presence and video, and search engine optimization tools. The company was formerly known as Dex Media Holdings, Inc. and changed its name to Thryv Holdings, Inc. in July 2019. Thryv Holdings, Inc. is based in DFW Airport, Texas.

How the Company Makes Money

Thryv Holdings generates revenue through a subscription-based model, offering its software solutions to SMBs on a recurring basis. Key revenue streams include monthly or annual subscription fees for access to its integrated platform, which encompasses CRM, marketing services, and operational management tools. Additional revenue comes from transactional fees related to payment processing services and optional add-on services for enhanced marketing capabilities. The company also benefits from strategic partnerships with various service providers and platforms that expand its service offerings and market reach, contributing to its overall earnings.

Thryv Holdings Financial Statement Overview

Summary

Thryv Holdings faces challenges with declining revenues and consistent losses impacting profitability. The balance sheet shows moderate risk with manageable debt levels, but reliance on liabilities and declining equity are concerning. Cash flow generation remains relatively strong, providing some operational stability.

Income Statement

Thryv Holdings has seen a significant decline in revenue over recent years, with a negative trend in revenue growth. The gross profit margin has been relatively stable, but the company struggles with negative EBIT and EBITDA margins, indicating operational inefficiencies. The consistent net losses further highlight profitability issues, reflecting challenges in cost management and revenue generation.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, suggesting a balanced approach to leveraging. However, the declining stockholders' equity and total assets over the years raise concerns about asset utilization and shareholder value. The equity ratio has decreased, indicating a reliance on liabilities for funding, which may pose risks if revenue does not stabilize.

Cash Flow

The cash flow statement reveals a stable operating cash flow, though free cash flow has fluctuated. The operating cash flow to net income ratio is strong, indicating good cash flow generation despite net losses. However, the free cash flow growth rate is inconsistent, which could affect future investment and debt servicing capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	758.29M	824.16M	916.96M	1.20B	1.11B	1.11B
Gross Profit	500.92M	537.24M	578.25M	780.38M	705.34M	742.74M
EBITDA	-8.11M	33.56M	-135.56M	247.77M	306.16M	256.30M
Net Income	-94.63M	-74.22M	-259.30M	54.35M	101.58M	149.22M
Balance Sheet
Total Assets	687.70M	712.16M	783.17M	1.18B	1.30B	1.21B
Cash, Cash Equivalents and Short-Term Investments	10.84M	16.31M	18.22M	16.03M	11.26M	2.41M
Total Debt	275.60M	294.99M	348.90M	469.81M	562.48M	583.20M
Total Liabilities	472.82M	515.25M	630.47M	795.61M	985.79M	1.02B
Stockholders Equity	214.88M	196.92M	152.70M	382.27M	314.71M	196.78M
Cash Flow
Free Cash Flow	81.54M	56.25M	114.83M	119.34M	143.72M	205.01M
Operating Cash Flow	81.20M	89.78M	148.23M	148.57M	170.57M	232.77M
Investing Cash Flow	-109.19M	-110.42M	-42.52M	-52.03M	-196.57M	-26.21M
Financing Cash Flow	19.67M	19.22M	-103.49M	-91.10M	39.09M	-206.07M

Thryv Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For THRY, the sentiment is Neutral. The current price of 11.74 is above the 20-day moving average (MA) of 11.62, below the 50-day MA of 12.22, and below the 200-day MA of 13.74, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.71 is Neutral, neither overbought nor oversold. The STOCH value of 77.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for THRY.

Thryv Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSTK	―	$886.50M	13.86	11.62%	5.16%	14.20%	38.92%
JFIN	―	$537.43M	2.41	48.16%	8.82%	8.27%	33.89%
EVER	―	$723.68M	15.96	34.34%	―	92.91%	―
ANGI	―	$605.71M	11.40	5.86%	―	-15.79%	―
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
TTGT	―	$421.07M	―	―	―	-7.89%	-192.35%
THRY	―	$547.45M	―	-42.15%	―	-13.60%	69.70%

Thryv Holdings Corporate Events

Thryv Holdings Shines in Earnings Call with Strong SaaS Growth

Thryv Holdings, Inc. recently held its earnings call, where the sentiment was largely positive, reflecting robust revenue growth and enhanced financial flexibility. The company showcased significant achievements in SaaS revenue, profitability, and ARPU growth, alongside strategic product launches and debt reduction. However, challenges persist in the Keep segment and marketing services, impacting overall guidance and customer count.

Thryv Holdings Reports Strong SaaS Revenue Growth

Thryv Holdings, Inc. is a company specializing in providing a leading marketing and sales software platform for small businesses, operating primarily in the software-as-a-service (SaaS) sector. The company’s platform helps small businesses manage day-to-day operations and grow efficiently through AI-supported marketing and business automations.

Thryv Holdings Reports Strong Q2 2025 SaaS Growth

In the second quarter of 2025, Thryv Holdings reported a 48% year-over-year increase in SaaS revenue, reaching $115 million, and achieved a record SaaS Adjusted EBITDA margin. Despite a 35% decline in Marketing Services revenue, the company reduced term debt by $26 million and raised its full-year 2025 Adjusted EBITDA guidance. The growth in SaaS revenue and improved financial metrics indicate a successful navigation of its SaaS transformation, positioning Thryv for greater financial flexibility and a stronger balance sheet.

The most recent analyst rating on (THRY) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Thryv Holdings stock, see the THRY Stock Forecast page.