Thryv Holdings Inc. (THRY) Balance Sheet
THRY balance sheet, 2025
December 31, 2025 · U.S. dollars$688.6M assets = $470.4M liabilities + $218.1M equity
Both columns are drawn to the same scale: what THRY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
THRY financial health
Descriptive bands, not a rating. Fiscal 2025.
THRY balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.25B2016 | $688.6M2025 | −6.4%/yr | |
| Total liabilities | $886.4M2016 | $470.4M2025 | −6.8%/yr | |
| Shareholders’ equity | $366.7M2016 | $218.1M2025 | −5.6%/yr | |
| Cash & short-term investments | $41.4M2016 | $10.8M2025 | −13.9%/yr | |
| Total debt | $481.3M2016 | $256.7M2025 | −6.7%/yr | |
| Net cash (debt) | −$439.9M2016 | −$245.9M2025 | +$193.9M | |
| Working capital | $205.0M2016 | −$736,0002025 | −$205.7M | |
| Book value per share | $6.602016 | $4.902025 | −3.3%/yr | |
| Current ratio | 2.482016 | 1.002025 | −1.48 | |
| Debt / equity | 1.312016 | 1.182025 | −0.14 | |
| Shares outstanding | 55.5M2016 | 44.5M2025 | −2.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
THRY assets
THRY liabilities and equity
THRY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
THRY balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $10.8M | $16.3M | $18.2M | $16.0M | $11.3M | $2.4M | $1.9M | $34.2M | $2.0M | $41.4M |
| Cash & equivalents | $10.8M | $16.3M | $18.2M | $16.0M | $11.3M | $2.4M | $1.9M | $34.2M | $2.0M | $41.4M |
| Receivables | $144.9M | $170.0M | $211.5M | $298.8M | $299.0M | $316.8M | $418.8M | $494.3M | $262.1M | $222.8M |
| Inventory | $0 | $34.5M | $34.5M | $25.1M | $22.4M | $26.2M | $28.0M | $0 | $2 | $0 |
| Other current assets | $23.2M | $0 | $2.7M | $38.4M | $37.9M | $24.3M | $19.3M | $0 | $152.7M | $79.5M |
| Total current assets | $178.9M | $210.7M | $266.9M | $378.3M | $370.6M | $369.7M | $468.1M | $383.7M | $416.8M | $343.7M |
| Property, plant & equipment (net) | $50.9M | $44.5M | $38.6M | $42.3M | $50.9M | $89.0M | $140.6M | $122.2M | $152.3M | $40.3M |
| Goodwill & intangible assets | $279.7M | $287.6M | $321.2M | $600.7M | $754.5M | $641.2M | $756.9M | $921.7M | $1.14B | $863.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $179.1M | $169.4M | $156.5M | $156.5M | $124.5M | $115.0M | $22.7M | $42.9M | $37.0M | $6.1M |
| Total assets | $688.6M | $712.2M | $783.2M | $1.18B | $1.30B | $1.21B | $1.39B | $1.47B | $1.75B | $1.25B |
| Liabilities | ||||||||||
| Accounts payable | $9.8M | $13.0M | $10.3M | $19.0M | $8.6M | $8.9M | $16.1M | $24.6M | $53.3M | $12.3M |
| Short-term debt | $20.3M | $21.0M | $70.0M | $79.8M | $81.8M | $169.6M | $9.6M | $2.5M | $7.0M | — |
| Deferred revenue | — | $40.3M | $44.6M | $41.9M | $51.7M | $18.9M | $24.7M | $68.3M | $78.0M | — |
| Total current liabilities | $179.6M | $196.3M | $263.2M | $300.5M | $307.1M | $207.4M | $257.4M | $271.4M | $346.9M | $138.7M |
| Long-term debt | $236.0M | $271.2M | $278.9M | $399.8M | $349.6M | $414.9M | $714.4M | $545.9M | $812.0M | $0 |
| Lease obligations | — | — | — | $23.4M | $36.1M | $54.8M | $94.5M | $57.3M | $60.5M | — |
| Other long-term liabilities | $54.9M | $47.8M | $88.4M | $95.3M | $329.1M | $395.9M | $389.2M | $388.5M | $375.5M | $747.6M |
| Total liabilities | $470.4M | $515.2M | $630.5M | $795.6M | $985.8M | $1.02B | $1.36B | $1.21B | $1.53B | $886.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $720,000 | $706,000 | $627,000 | $613,000 | $608,000 | $596,000 | $574,000 | $1.0M | $1.0M | $999,000 |
| Retained earnings (deficit) | −$572.1M | −$572.4M | −$498.2M | −$238.9M | −$293.3M | −$394.8M | −$544.1M | −$742.8M | −$793.8M | −$622.5M |
| Treasury stock | — | — | — | — | −$468.9M | −$468.6M | — | — | — | — |
| Accumulated other comprehensive income | −$15.5M | −$14.9M | −$15.2M | −$16.3M | −$8.0M | $0 | −$79.8M | −$75.0M | −$38.6M | — |
| Total shareholders' equity | $218.1M | $196.9M | $152.7M | $382.3M | $314.7M | $196.8M | $27.3M | $264.6M | $213.6M | $366.7M |
| Key figures | ||||||||||
| Total debt | $256.7M | $295.0M | $348.9M | $493.2M | $598.6M | $584.6M | $808.3M | $603.2M | $872.5M | $481.3M |
| Net cash (debt) | −$245.9M | −$278.7M | −$330.7M | −$477.1M | −$587.3M | −$582.1M | −$806.4M | −$569.0M | −$870.4M | −$439.9M |
| Working capital | −$736,000 | $14.5M | $3.7M | $77.8M | $63.5M | $162.3M | $210.6M | $112.2M | $69.9M | $205.0M |
| Tangible book value | −$61.6M | −$90.7M | −$168.5M | −$218.5M | −$439.7M | −$444.5M | −$729.7M | −$657.1M | −$928.3M | −$496.3M |
| Book value per share | $4.90 | $5.30 | $4.40 | $10.47 | $8.62 | $5.82 | $0.80 | $4.44 | $3.78 | $6.60 |
| Shares outstanding | 44.5M | 37.1M | 34.7M | 36.5M | 36.5M | 33.8M | 34.2M | 59.6M | 56.4M | 55.5M |
| Current ratio | 1.00 | 1.07 | 1.01 | 1.26 | 1.21 | 1.78 | 1.82 | 1.41 | 1.20 | 2.48 |
| Quick ratio | 0.87 | 0.95 | 0.87 | 1.05 | 1.01 | 1.54 | 1.63 | 1.95 | 0.76 | 1.90 |
| Debt / equity | 1.18 | 1.50 | 2.28 | 1.29 | 1.90 | 2.97 | 29.65 | 2.28 | 4.09 | 1.31 |
| Equity / assets | 31.7% | 27.7% | 19.5% | 32.5% | 24.2% | 16.2% | 2.0% | 18.0% | 12.2% | 29.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $9.1M | $8.0M | $10.8M | $11.6M | $10.8M | $11.0M | $16.3M | $12.5M | $15.5M | $16.4M | $18.2M | $17.0M |
| Cash & equivalents | $9.1M | $8.0M | $10.8M | $11.6M | $10.8M | $11.0M | $16.3M | $12.5M | $15.5M | $16.4M | $18.2M | $17.0M |
| Receivables | $128.9M | $170.2M | $144.9M | $151.0M | $143.5M | $149.4M | $170.0M | $188.1M | $203.4M | $211.6M | $211.5M | $219.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34.5M | $1 | $34.5M | $37.9M |
| Other current assets | $19.9M | $22.6M | $23.2M | $31.4M | $34.8M | $42.3M | $24.4M | $30.3M | $7.2M | $31.9M | $2.7M | $0 |
| Total current assets | $158.0M | $200.8M | $178.9M | $193.9M | $189.1M | $202.7M | $210.7M | $230.9M | $260.6M | $259.9M | $266.9M | $259.5M |
| Property, plant & equipment (net) | $49.2M | $50.1M | $50.9M | $47.5M | $41.9M | $42.0M | $44.5M | $37.1M | $37.8M | $37.8M | $38.6M | $38.0M |
| Goodwill & intangible assets | $276.8M | $278.3M | $279.7M | $281.6M | $283.6M | $285.8M | $287.6M | $222.3M | $307.6M | $311.3M | $321.2M | $592.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $170.1M | $164.6M | $179.1M | $178.8M | $173.2M | $173.3M | $169.4M | $164.3M | $179.4M | $177.8M | $156.5M | $150.9M |
| Total assets | $654.1M | $693.7M | $688.6M | $701.8M | $687.7M | $703.7M | $712.2M | $654.8M | $785.5M | $786.8M | $783.2M | $1.04B |
| Liabilities | ||||||||||||
| Accounts payable | $5.5M | $10.9M | $9.8M | $6.1M | $3.9M | $5.9M | $13.0M | $6.9M | $8.7M | $19.7M | $10.3M | $8.1M |
| Short-term debt | $35.0M | $26.2M | $20.3M | $8.8M | $8.8M | $26.2M | $21.0M | $52.5M | $52.5M | $52.5M | $77.3M | $70.0M |
| Deferred revenue | $24.8M | $36.8M | — | $45.4M | $27.1M | $42.9M | $40.3M | $32.5M | $25.7M | $45.8M | $44.6M | $27.1M |
| Total current liabilities | $158.4M | $163.3M | $179.6M | $169.4M | $157.9M | $189.4M | $196.3M | $221.9M | $228.1M | $239.7M | $263.2M | $235.9M |
| Long-term debt | $208.7M | $232.3M | $236.0M | $259.4M | $266.9M | $272.7M | $271.2M | $255.3M | $289.6M | $295.1M | $278.9M | $311.3M |
| Other long-term liabilities | $75.4M | $72.8M | $54.9M | $51.9M | $48.1M | $48.4M | $47.8M | $83.0M | $84.7M | $85.0M | $88.4M | $96.1M |
| Total liabilities | $442.6M | $468.3M | $470.4M | $480.7M | $472.8M | $510.5M | $515.2M | $560.2M | $602.4M | $619.8M | $630.5M | $643.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $730,000 | $729,000 | $720,000 | $717,000 | $717,000 | $715,000 | $706,000 | $638,000 | $638,000 | $633,000 | $627,000 | $625,000 |
| Retained earnings (deficit) | −$584.2M | −$567.6M | −$572.1M | −$562.5M | −$568.1M | −$582.0M | −$572.4M | −$580.3M | −$484.2M | −$489.8M | −$498.2M | −$240.7M |
| Accumulated other comprehensive income | −$16.0M | −$15.9M | −$15.5M | −$15.5M | −$15.2M | −$15.1M | −$14.9M | −$14.1M | −$15.4M | −$15.5M | −$15.2M | −$20.6M |
| Total shareholders' equity | $211.6M | $225.4M | $218.1M | $221.1M | $214.9M | $193.2M | $196.9M | $94.5M | $183.1M | $167.1M | $152.7M | $397.1M |
| Key figures | ||||||||||||
| Total debt | $243.7M | $258.6M | $256.7M | $268.2M | $275.6M | $299.0M | $295.0M | $307.8M | $342.1M | $347.6M | $362.0M | $381.3M |
| Net cash (debt) | −$234.6M | −$250.6M | −$245.9M | −$256.6M | −$264.8M | −$288.0M | −$278.7M | −$295.4M | −$326.6M | −$331.2M | −$343.8M | −$364.3M |
| Working capital | −$477,000 | $37.5M | −$736,000 | $24.6M | $31.2M | $13.3M | $14.5M | $9.0M | $32.5M | $20.2M | $3.7M | $23.6M |
| Tangible book value | −$65.2M | −$52.9M | −$61.6M | −$60.5M | −$68.7M | −$92.5M | −$90.7M | −$127.8M | −$124.6M | −$144.2M | −$168.5M | −$194.9M |
| Book value per share | $4.77 | $4.98 | $5.01 | $4.97 | $4.85 | $4.45 | $4.70 | $2.60 | $4.86 | $4.40 | $4.38 | $11.39 |
| Shares outstanding | 44.4M | 45.2M | 43.6M | 44.5M | 44.3M | 43.4M | 41.9M | 36.3M | 37.6M | 38.0M | 34.9M | 34.8M |
| Current ratio | 1.00 | 1.23 | 1.00 | 1.15 | 1.20 | 1.07 | 1.07 | 1.04 | 1.14 | 1.08 | 1.01 | 1.10 |
| Quick ratio | 0.87 | 1.09 | 0.87 | 0.96 | 0.98 | 0.85 | 0.95 | 0.90 | 0.96 | 0.95 | 0.87 | 1.00 |
| Debt / equity | 1.15 | 1.15 | 1.18 | 1.21 | 1.28 | 1.55 | 1.50 | 3.26 | 1.87 | 2.08 | 2.37 | 0.96 |
| Equity / assets | 32.3% | 32.5% | 31.7% | 31.5% | 31.2% | 27.5% | 27.7% | 14.4% | 23.3% | 21.2% | 19.5% | 38.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
THRY financial position
At the end of fiscal 2025 (December 31, 2025), Thryv had total assets of $688.6 million (down 3.3% from a year earlier), total liabilities of $470.4 million and shareholders' equity of $218.1 million. It held $10.8 million in cash and short-term investments against $256.7 million of debt, net debt of $245.9 million. Its current ratio was 1.00. In the latest quarter (ended June 30, 2026) total assets were $654.1 million and equity $211.6 million.
Related: THRY income statement, THRY cash flow statement, THRY key metrics. See the THRY stock overview for the latest quote and news.
THRY balance sheet FAQ
What are Thryv's total assets?
Thryv reported total assets of $688.6 million at the end of fiscal 2025 (December 31, 2025), compared with $712.2 million a year earlier.
How much debt does Thryv have?
Thryv had $256.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.18.
How much cash does Thryv have?
Thryv held $10.8 million in cash and short-term investments at the end of fiscal 2025; with $256.7 million of debt that is net debt of $245.9 million.
What is Thryv's book value?
Thryv's shareholders' equity (book value) was $218.1 million at the end of fiscal 2025, or $4.90 per share.
What is Thryv's current ratio?
Thryv had current assets of $178.9 million and current liabilities of $179.6 million, a current ratio of 1.00 (current liabilities exceed current assets).
How much goodwill does Thryv have?
Thryv carried $279.7 million of goodwill and intangible assets, 40.6% of total assets, at the end of fiscal 2025.