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Thryv Holdings (THRY)
NASDAQ:THRY
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presented a predominantly positive narrative: strong full-year SaaS growth (34% YoY), improving SaaS margins, rising ARPU (+15% YoY), expanding high-value customer cohort (+18% YoY) and encouraging multi-product adoption. Management framed the significant decline in legacy marketing services and short-term moderation of growth as an intentional, strategic transition toward a higher-quality, AI-enabled unified SaaS platform (Thryv Platform), supported by the Keap acquisition and clear guidance for 2026. The main negatives are an intentional but sizable near-term drop in marketing services billings/revenue, flat blended NRR (94%), and migration-related churn/noise from a legacy small-customer tail. Given that the positives (strong SaaS growth, margin expansion, quality customer expansion, FCF improvement, debt reduction and strategic AI/product initiatives) materially outweigh the intentional headwinds, the overall sentiment is Positive.Company Guidance
Strong Full-Year SaaS Growth
SaaS revenue grew 34.2% year-over-year to $461.0M for the full year 2025, demonstrating continued momentum in the company's transition to a SaaS business.
Q4 SaaS Performance and Profitability
Q4 SaaS revenue increased 14.1% to $119.0M. SaaS adjusted EBITDA was $20.0M in Q4, yielding a Q4 SaaS adjusted EBITDA margin of 16.8%. Full-year SaaS adjusted EBITDA was $73.8M with a 16.0% margin.
Improving SaaS Gross Margins
SaaS adjusted gross margin was 70.4% in Q4 and 72.7% for the full year, up ~70 basis points year-over-year for the full year, indicating operational leverage as SaaS scale grows.
Marketing Center Rapid Growth
Marketing Center is the fastest-growing product and a top revenue driver — described as growing 'north of 50%' year-over-year and more than doubling in revenue in 2025; it represents a majority portion of SaaS revenue and a core component of the new Thryv Platform strategy.
Quality Customer Expansion and ARPU Improvement
Customers spending $400+/month (quality cohort) grew by 3,000 customers or +18% year-over-year in Q4 and now account for 69% of revenue (vs. 60% prior year). SaaS ARPU reached $373, a 15% year-over-year increase.
Multi-Product Adoption Increasing
Clients with two or more SaaS products increased to 19,000 (23% of base) from 15,000 (16% of base) a year ago; clients with two or more centers rose to 15% from 12%.
Strategic Keap Acquisition and AI Acceleration
Keap contributed $16.2M in Q4 and was highlighted as accelerating product roadmap and providing conversion/lifecycle capabilities; company is embedding AI across the platform and expects the unified Thryv Platform to launch later in 2026.
Cash Flow, Leverage, and Balance Sheet Progress
Free cash flow was $31.1M in 2025, with management forecasting $40M–$50M in 2026. Net debt was reduced by $15M to $251M, bringing leverage to 1.7x.
Intentional Transition Plan and Clear Guidance
Management provided explicit 2026 guidance (Q1 SaaS $114M–$115M; FY SaaS $461M–$471M; FY SaaS adj. EBITDA $70M–$75M) and reiterated a deliberate, conservative approach during platform transition to prioritize quality of growth.
THRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
THRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $3.92 | $2.10 | -46.43% |
Oct 30, 2025 | $11.70 | $8.17 | -30.17% |
Jul 30, 2025 | $12.14 | $13.06 | +7.58% |
May 01, 2025 | $13.70 | $12.44 | -9.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Thryv Holdings (THRY) report earnings?
Thryv Holdings (THRY) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Thryv Holdings (THRY) earnings time?
Thryv Holdings (THRY) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is THRY EPS forecast?
THRY EPS forecast for the fiscal quarter 2026 (Q1) is -0.07.