Thryv Holdings demonstrated strong revenue growth and improved financial flexibility by successfully navigating a financial pinch point. The company showed significant achievements in SaaS revenue, profitability, and ARPU growth, alongside strategic product launches and debt reduction. However, challenges remain in the Keep segment and marketing services, impacting overall guidance and customer count.

Company Guidance -

Q3 2025

During Thryv Holdings' Second Quarter 2025 Earnings Conference Call, CEO Joe Walsh and CFO Paul Rouse provided comprehensive guidance, highlighting several key metrics and financial achievements. The company successfully emerged from a financial pinch point, completing necessary amortization payments and reducing its leverage ratio to 2.2x. Thryv reported SaaS revenue of $115 million for the quarter, with a significant year-over-year growth of 48%, including a $17.7 million contribution from Keep. The company's SaaS adjusted gross margin increased by 430 basis points, reaching 74%, while SaaS adjusted EBITDA rose to $23.4 million, achieving a record margin of 20%. Thryv's customer base grew by 25% year-over-year to 106,000 SaaS subscribers, alongside a rise in average revenue per user (ARPU) to approximately $4,200 annually, with seasoned clients spending around $5,400. The company maintained a net revenue retention rate of 103%, and clients utilizing multiple SaaS products increased to 19%. Looking ahead, Thryv raised its full-year SaaS revenue guidance to $460-$465 million and SaaS adjusted EBITDA guidance to $70.5-$73.5 million, indicating continued strategic focus on scaling its software business and optimizing financial flexibility.

Successful Navigation of Financial Pinch Point

Thryv Holdings successfully navigated through a challenging financial pinch point, improving the leverage ratio and completing high amortization payments ahead of schedule. This provides increased financial flexibility moving forward.

Strong SaaS Revenue Growth

SaaS reported revenue reached $115 million, representing a 48% year-over-year increase. Excluding Keep, Thryv's SaaS business grew 25% year-over-year.

Record Adjusted EBITDA Margin

SaaS adjusted EBITDA increased to $23.4 million, resulting in a record adjusted EBITDA margin of 20%, exceeding guidance and underscoring profitability and scalability.

Increase in Average Revenue Per User (ARPU)

ARPU for customers is rising, currently at about $4,200 annually, with expectations to grow from $4,000 to $8,000 in the coming years.

Expansion of Multi-Product Adoption

Clients buying multiple SaaS products increased to 19%, indicating strong cross-sell opportunities and enhanced customer engagement.

Launch of Thryv for HVAC

Thryv launched a new product tailored for HVAC businesses, showing early signs of success and expected to drive deeper engagement and higher ARPU.

SaaS Subscriber Growth

Thryv ended the second quarter with 106,000 SaaS subscribers, a 25% year-over-year increase, including 14,000 from Keep.

Debt Reduction and Enhanced Financial Flexibility

Net debt reduced by $24 million to $274 million, with a leverage ratio of 2.2x, ahead of expectations, providing greater flexibility within the capital structure.

Thryv Holdings (THRY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

THRY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.25 / -	-2.65	―	―	―
Jul 30, 2025	2025 (Q2)	0.29 / 0.31	0.15	106.67% (+0.16)
May 01, 2025	2025 (Q1)	-0.14 / -0.22	0.22	-200.00% (-0.44)
Feb 27, 2025	2024 (Q4)	-0.15 / 0.19	-7.39	102.57% (+7.58)
Nov 07, 2024	2024 (Q3)	-0.08 / -2.65	-0.78	-239.74% (-1.87)
Aug 01, 2024	2024 (Q2)	0.45 / 0.15	0.43	-65.12% (-0.28)
May 02, 2024	2024 (Q1)	0.40 / 0.22	0.25	-12.00% (-0.03)
Feb 22, 2024	2023 (Q4)	0.40 / -7.39	-1.47	-402.72% (-5.92)
Nov 02, 2023	2023 (Q3)	-0.69 / -0.78	0.37	-310.81% (-1.15)
Aug 03, 2023	2023 (Q2)	0.58 / 0.43	1.61	-73.29% (-1.18)

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
Jul 30, 2025	$12.14	$13.06	+7.58%
May 01, 2025	$13.70	$12.44	-9.20%
Feb 27, 2025	$18.61	$17.47	-6.13%
Nov 07, 2024	$15.59	$15.14	-2.89%

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 Nov 06, 2025, Before Open (Confirmed).

What is Thryv Holdings (THRY) earnings time?

Thryv Holdings (THRY) earnings time is at Nov 06, 2025, 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 2025 (Q3) is 0.25.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing