Thryv Holdings Inc. (THRY) AI Stock Analysis

Thryv Holdings, Inc. provides digital marketing solutions and cloud-based tools tailored for small-to-medium sized businesses across three segments: SaaS, Marketing Services, and Thryv International. Its core offering is Thryv, an end-to-end customer experience platform integrating customer communication and online presence management. The company also offers Hub by Thryv for franchisors, Thryv Leads for integrated lead generation, and ThryvPay for credit card and ACH payment processing. Additionally, it operates print and digital media solutions, including traditional yellow pages, directories such as yellowpages.com and dexknows.com, and digital marketing tools like search engine marketing and search engine optimization tools.

Thryv's revenue fell from $1.20B in FY2022 to $917.0M in FY2023, $824.2M in FY2024, and $785.0M in FY2025, recording a 5-year revenue CAGR of -6.7%. Net income moved from $54.3M in FY2022 to -$259.3M in FY2023, before recovering to $307,000 in FY2025. Gross margin was 64.7% in FY2025, while operating margin rebounded to 10.8% from -4.0% in FY2024. For the trailing twelve months ending June 30, 2026, revenue was $711.6M with an operating margin of 1.1% and a profit margin of -2.3%. In the latest quarter, revenue fell 28.4% year-over-year, while earnings grew 106.7%.

As of June 30, 2026, Thryv held $9.1M in cash and short-term investments against total debt of $243.7M, yielding net debt of $234.6M. Shareholders' equity was $211.6M, resulting in a debt-to-equity ratio of 1.15 and a current ratio of 1.00. In FY2025, operating cash flow reached $63.5M and free cash flow was $31.1M, down from $143.7M in FY2021. Capital expenditures were $32.4M in FY2025, alongside $5.0M in share buybacks.

At a last close of $1.21, Thryv trades at an enterprise value of $316.8M and a market cap of $53.8M. Its forward P/E of 11.1x and EV/EBITDA of 4.9x sit below the median of its US-listed Technology peers, which trade at 18.8x and 16.6x, respectively. The stock's price-to-sales ratio is 0.1x compared to the peer median of 2.8x. Thryv's shares have declined 89.1% over the past year and 96.1% over five years, trailing the S&P 500 (SPY), which gained 16.8% and 83.0% over those respective periods.

Wall Street analyst coverage includes 1 Buy rating and 3 Hold ratings, with no Sell ratings. The mean price target is $4.00, representing a 230.6% premium over the last close of $1.21. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $616.2M and an EPS of -$0.56. Over the last four quarters, Thryv beat EPS estimates in 1 quarter. The company's next earnings date is October 29, 2026.

This page is an AI-written research summary of Thryv Holdings Inc. (THRY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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