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Thryv Holdings ( (THRY) ) has issued an announcement.
Thryv Holdings reported fourth-quarter 2025 results showing a continued shift toward SaaS, with SaaS revenue rising 14.1% year over year to $118.99 million and SaaS adjusted EBITDA reaching $20.04 million, while marketing services revenue fell 11.7% to $72.63 million. Consolidated revenue grew 2.7% to $191.62 million, but the company swung to a net loss of $9.66 million from net income of $7.88 million a year earlier, even as adjusted EBITDA margin improved to 20.3%, reflecting higher-margin SaaS growth, the integration of the October 2024 Keap acquisition, and a strategic pivot toward its AI-enabled unified growth platform.
Operational metrics underscored this transition, with quality SaaS customers generating more than $400 in monthly recurring revenue increasing their share of SaaS revenue to 69% and adjusted SaaS gross margin rising to 70.4% in the quarter. Billings data highlighted a 12% year-over-year increase in SaaS billings versus a 34% decline in marketing services billings, and Thryv issued 2026 guidance calling for total revenue of $611 million to $631 million and adjusted EBITDA of $100 million to $110 million, signaling expectations that SaaS-led growth and higher-value subscribers will continue to reshape its revenue mix despite ongoing pressure in legacy marketing services.
The most recent analyst rating on (THRY) stock is a Hold with a $7.00 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 by improving financial stability (very low leverage) and a solid earnings call backdrop (strong SaaS growth and raised EBITDA guidance), but is held back by weak technicals (below major moving averages with negative MACD) and cash flow pressure reflected in the TTM free cash flow decline.
To see Spark’s full report on THRY stock, click here.
More about Thryv Holdings
Thryv Holdings operates a software-as-a-service and marketing services business focused on small and local enterprises, offering tools such as its AI-enabled “Market, Sell and Grow” platform, Marketing Center, and other business management solutions. The company’s SaaS portfolio, including products like Business Center, Workforce Center and payments, now represents the clear majority of revenue and is positioned as its primary growth engine, while legacy marketing services, including print-related offerings, are in structural decline.
Average Trading Volume: 970,751
Technical Sentiment Signal: Sell
Current Market Cap: $163.4M
Find detailed analytics on THRY stock on TipRanks’ Stock Analysis page.