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Thryv Holdings ( (THRY) ) has issued an announcement.
On April 30, 2026, Thryv reported first-quarter 2026 results showing SaaS revenue rose 5% year over year to $116.7 million and reached 70% of total revenue, while marketing services revenue fell 27.5% to $50.9 million, driving a 7.5% decline in consolidated revenue to $167.7 million. Despite lower sales, Thryv swung to net income of $4.5 million from a $9.6 million loss a year earlier, boosted SaaS ARPU by nearly 13% to $378, and highlighted strong adoption of AI-enabled platform features and growth in its higher-value Marketing Center offering, underscoring a strategic shift toward more profitable, upmarket SaaS clients.
Recent metrics showed 96,000 SaaS clients at quarter-end, with seasoned net revenue retention at 93% and quality customers contributing 70% of SaaS revenue, reflecting deeper penetration among higher-spending users. Management said this upmarket push is expanding Thryv beyond its legacy client base and driving higher engagement and spend, while new guidance for 2026 points to continued growth in SaaS revenue and margins offsetting a shrinking but still profitable marketing services segment as the business mix tilts further toward software.
Thryv scheduled an earnings conference call on April 30, 2026 to discuss its first-quarter performance and outlook for the rest of the year with investors and analysts.
The most recent analyst rating on (THRY) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Thryv Holdings stock, see the THRY Stock Forecast page.
Spark’s Take on THRY Stock
According to Spark, TipRanks’ AI Analyst, THRY is a Neutral.
The score is driven primarily by improving financial performance (return to profitability, positive cash generation, and reduced leverage), supported by constructive near-term technical momentum. These positives are tempered by very weak valuation based on the extremely high P/E and by execution risks highlighted in guidance (marketing services wind-down, flat retention, and near-term growth moderation).
To see Spark’s full report on THRY stock, click here.
More about Thryv Holdings
Thryv Holdings, Inc., based in Dallas and listed on Nasdaq as THRY, provides Thryv, a leading small business marketing and sales software platform. The company focuses on software-as-a-service tools and marketing services that help small and mid-sized businesses manage customer engagement, marketing campaigns and revenue generation, increasingly targeting larger small-business clients.
Average Trading Volume: 1,225,186
Technical Sentiment Signal: Sell
Current Market Cap: $161.6M
Learn more about THRY stock on TipRanks’ Stock Analysis page.