Thryv Holdings (THRY) AI Stock Analysis

• Market Cap: $563.79M
• Dividend Yield: N/A
• Average Volume (3M): 380.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: -14.71%
• EPS Growth: 66.24%
• Country: US
• Employees: 2,986
• Sector: Communication Services
• Sector Strength: 83
• Industry: Internet Content & Information
• EPS (TTM): -0.22
• Shares Outstanding: 43,738,224
• 10 Day Avg. Volume: 548,798
• 30 Day Avg. Volume: 380,775
• PEG Ratio: -0.25
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.47
• Enterprise Value/Market Cap: 1.96
• Enterprise Value/Revenue: 0.33
• Enterprise Value/Gross Profit: 2.20
• Enterprise Value/Ebitda: -3.25
• 1Y Price Target: $20.67
• Price Target Upside: 60.36% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 54 Neutral
• Price Target: $13.50 ▲(4.73%Upside)

The overall stock score of 54 reflects significant challenges in financial performance and valuation, offset by strong earnings call results highlighting growth in the SaaS segment. Technical indicators suggest limited momentum, and the lack of profitability impacts valuation negatively. The company's strategic transition to SaaS presents growth potential, but macroeconomic uncertainties and operational inefficiencies pose risks.

Positive Factors

Financial Performance

Shares are undervalued and are approaching an inflection point as the SaaS business becomes the dominant driver of financial results.

Growth Drivers

Cross-sell, vertical solutions expansion through Keap, and go-to-market updates will be growth drivers for Thryv.

Profitability

The growing SaaS business remains unchanged in estimates and shows good growth prospects with increasing profitability.

Negative Factors

Revenue Decline

The updated 2026 estimates reflect a light year for print directories due to the longer circulation time, leading to a significant decline in revenue.

Revenue Recognition

Thryv’s legacy marketing services business will have its directories printed every 24 months, which could impact revenue recognition negatively.

Software Revenue Guidance

Shares are likely reacting to the lowered full-year software revenue guidance (cut by $3.5 million, or less than 1%), which management cut out of an abundance of caution.

Thryv Holdings Business Overview & Revenue Model

Company Description

Thryv Holdings, Inc. provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH. It also offers print and digital solutions, including the company's print yellow pages; internet yellow pages, such as yellowpages.com, superpages.com, dexknows.com, and extended search solutions; search engine marketing solutions; and other digital media solutions, including online display and social advertising, online presence and video, and search engine optimization tools. The company was formerly known as Dex Media Holdings, Inc. and changed its name to Thryv Holdings, Inc. in July 2019. Thryv Holdings, Inc. is based in DFW Airport, Texas.

How the Company Makes Money

Thryv Holdings generates revenue primarily through the sale of its software-as-a-service (SaaS) solutions, which are offered on a subscription basis. This includes recurring revenue from its CRM and marketing automation tools, which businesses pay for monthly or annually. Additionally, Thryv earns money through its digital marketing services, which help businesses improve their online visibility and customer outreach. Key revenue streams include subscription fees, service fees for marketing solutions, and additional charges for premium features or custom services. Strategic partnerships with other technology providers and digital platforms also play a role in enhancing Thryv's service offerings and expanding its market reach, contributing to its overall revenue.

Thryv Holdings Financial Statement Overview

Summary

Thryv Holdings faces significant financial challenges with declining revenues and consistent losses impacting profitability. The balance sheet shows moderate risk with manageable debt levels, but reliance on liabilities and declining equity are concerning. However, cash flow generation remains relatively strong, providing some operational stability.

Income Statement

Thryv Holdings has seen a significant decline in revenue over recent years, with a negative trend in revenue growth. The gross profit margin has been relatively stable, but the company struggles with negative EBIT and EBITDA margins, indicating operational inefficiencies. The consistent net losses further highlight profitability issues, reflecting challenges in cost management and revenue generation.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, suggesting a balanced approach to leveraging. However, the declining stockholders' equity and total assets over the years raise concerns about asset utilization and shareholder value. The equity ratio has decreased, indicating a reliance on liabilities for funding, which may pose risks if revenue does not stabilize.

Cash Flow

The cash flow statement reveals a stable operating cash flow, though free cash flow has fluctuated. The operating cash flow to net income ratio is strong, indicating good cash flow generation despite net losses. However, the free cash flow growth rate is inconsistent, which could affect future investment and debt servicing capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	771.90M	824.16M	916.96M	1.20B	1.11B	1.11B
Gross Profit	502.88M	537.24M	578.25M	780.38M	705.34M	742.74M
EBITDA	-11.21M	33.56M	-135.56M	247.77M	306.16M	256.30M
Net Income	-103.01M	-74.22M	-259.30M	54.35M	101.58M	149.22M
Balance Sheet
Total Assets	703.73M	712.16M	783.17M	1.18B	1.30B	1.21B
Cash, Cash Equivalents and Short-Term Investments	10.99M	16.31M	18.22M	16.03M	11.26M	2.41M
Total Debt	298.99M	284.34M	348.90M	469.81M	562.48M	583.20M
Total Liabilities	510.50M	515.25M	630.47M	795.61M	985.79M	1.02B
Stockholders Equity	193.23M	196.92M	152.70M	382.27M	314.71M	196.78M
Cash Flow
Free Cash Flow	65.25M	56.25M	114.83M	119.34M	143.72M	205.01M
Operating Cash Flow	73.86M	89.78M	148.23M	148.57M	170.57M	232.77M
Investing Cash Flow	-110.37M	-110.42M	-42.52M	-52.03M	-196.57M	-26.21M
Financing Cash Flow	33.05M	19.22M	-103.49M	-91.10M	39.09M	-206.07M

Thryv Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 12.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For THRY, the sentiment is Neutral. The current price of 12.89 is above the 20-day moving average (MA) of 12.81, below the 50-day MA of 13.28, and below the 200-day MA of 15.19, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 50.74 is Neutral, neither overbought nor oversold. The STOCH value of 75.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for THRY.

Thryv Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVER	75 Outperform	$886.92M	23.83	32.17%	―	113.43%	―
SSTK	71 Outperform	$704.02M	18.40	7.07%	6.61%	10.30%	-57.87%
ANGI	67 Neutral	$803.30M	16.04	5.05%	―	-16.79%	―
Sector *	66 Neutral	£1.91B	10.30	-3.58%	3.60%	3.34%	-85.67%
THRY	54 Neutral	$563.79M	―	-51.21%	―	-14.71%	66.24%
PODC	52 Neutral	$61.32M	―	-39.21%	―	22.98%	69.10%
KIND	51 Neutral	$619.79M	―	-18.77%	―	12.01%	35.71%

Thryv Holdings Corporate Events

Thryv Holdings Elects New Directors at Annual Meeting

At the annual meeting of stockholders on June 12, 2025, Thryv Holdings, Inc. elected two Class II directors, Ryan O’Hara and Lou Orfanos, to its Board of Directors for a three-year term. Additionally, stockholders ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for 2025, approved executive compensation on a non-binding basis, and voted to amend the company’s certificate of incorporation to adjust voting requirements for certain future amendments.

The most recent analyst rating on (THRY) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Thryv Holdings stock, see the THRY Stock Forecast page.

Thryv Holdings Reports Strong Q1 2025 SaaS Growth

In the first quarter of 2025, Thryv Holdings reported a 50% year-over-year increase in SaaS revenue, which now accounts for over 60% of its total revenue. The company exceeded its guidance for the quarter, highlighting its strategic transformation into a premier SMB software business. Despite a consolidated net loss of $9.6 million, Thryv achieved a record seasoned net revenue retention of 103%, driven by upselling and cross-selling efforts. The company’s focus on expanding its product-led strategy and entering new verticals is expected to foster continued growth and profitability.