Thryv Holdings (THRY) AI Stock Analysis

• Market Cap: $520.48M
• Dividend Yield: N/A
• Average Volume (3M): 455.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: -14.71%
• EPS Growth: 66.24%
• Country: US
• Employees: 2,986
• Sector: Communication Services
• Sector Strength: 73
• Industry: Internet Content & Information
• EPS (TTM): -0.22
• Shares Outstanding: 43,738,224
• 10 Day Avg. Volume: 472,575
• 30 Day Avg. Volume: 455,178
• PEG Ratio: 0.26
• Price to Book (P/B): 2.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.03
• Enterprise Value/Market Cap: 1.55
• Enterprise Value/Revenue: 0.24
• Enterprise Value/Gross Profit: 1.60
• Enterprise Value/Ebitda: -2.37
• 1Y Price Target: $18.00
• Price Target Upside: 51.26% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 59 Neutral
• Price Target: $13.50 ▲(13.45%Upside)

Thryv Holdings shows a mix of strengths and challenges. The strong performance in transitioning to a SaaS model and positive customer engagement are major positives. However, consistent financial losses and valuation concerns weigh heavily on the score. The technical indicators further suggest caution due to bearish trends.

Positive Factors

Financial Performance

Thryv reported better than expected financial results, driven by a strong SaaS expansion sales motion.

Product Strategy

Thryv's launch of a tailored marketing solution for the HVAC industry is expected to drive targeted sales and enhance customer value.

Negative Factors

Legacy Business

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

Revenue Guidance

Shares are likely reacting to the lowered full-year software revenue guidance, which was reduced out of caution.

Thryv Holdings Business Overview & Revenue Model

Company Description

Thryv Holdings, Inc. is a publicly traded company that offers small to medium-sized businesses (SMBs) an end-to-end customer experience platform. The company operates primarily in the technology and software sector, providing a suite of tools to help businesses manage their customer interactions, marketing, and online presence. Thryv's core products include customer relationship management (CRM) software, marketing automation, and digital presence solutions, designed to streamline business operations and enhance customer engagement.

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 challenges with declining revenues and consistent losses impacting profitability. While the balance sheet shows moderate risk with manageable debt levels, the reliance on liabilities and declining equity are concerning. 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	824.16M	916.96M	1.20B	1.11B	1.11B
Gross Profit	537.24M	578.25M	780.38M	705.34M	742.74M
EBITDA	33.56M	-135.56M	247.77M	306.16M	256.30M
Net Income	-74.22M	-259.30M	54.35M	101.58M	149.22M
Balance Sheet
Total Assets	712.16M	783.17M	1.18B	1.30B	1.21B
Cash, Cash Equivalents and Short-Term Investments	16.31M	18.22M	16.03M	11.26M	2.41M
Total Debt	284.34M	348.90M	469.81M	562.48M	583.20M
Total Liabilities	515.25M	630.47M	795.61M	985.79M	1.02B
Stockholders Equity	196.92M	152.70M	382.27M	314.71M	196.78M
Cash Flow
Free Cash Flow	56.25M	114.83M	119.34M	143.72M	205.01M
Operating Cash Flow	89.78M	148.23M	148.57M	170.57M	232.77M
Investing Cash Flow	-110.42M	-42.52M	-52.03M	-196.57M	-26.21M
Financing Cash Flow	19.22M	-103.49M	-91.10M	39.09M	-206.07M

Thryv Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For THRY, the sentiment is Negative. The current price of 11.9 is below the 20-day moving average (MA) of 12.34, below the 50-day MA of 12.91, and below the 200-day MA of 14.79, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 42.57 is Neutral, neither overbought nor oversold. The STOCH value of 18.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for THRY.

Thryv Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSTK	75 Outperform	$710.36M	18.56	7.07%	6.25%	10.30%	-57.87%
EVER	75 Outperform	$929.58M	24.98	32.17%	―	113.43%	―
ANGI	69 Neutral	$813.86M	16.25	5.05%	―	-16.79%	―
Sector *	62 Neutral	$42.09B	-1.57	-12.06%	2.81%	2.10%	-71.01%
THRY	59 Neutral	$520.48M	―	-51.21%	―	-14.71%	66.24%
NXDR	54 Neutral	$719.27M	―	-18.77%	―	12.01%	35.71%
PODC	52 Neutral	$50.05M	―	-39.21%	―	22.98%	69.10%

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.