Thryv Holdings (THRY) AI Stock Analysis

• Market Cap: $600.09M
• Dividend Yield: N/A
• Average Volume (3M): 493.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: -14.71%
• EPS Growth: 66.24%
• Country: US
• Employees: 2,986
• Sector: Communication Services
• Sector Strength: 90
• Industry: Internet Content & Information
• EPS (TTM): -0.22
• Shares Outstanding: 43,738,224
• 10 Day Avg. Volume: 309,709
• 30 Day Avg. Volume: 493,811
• 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: 1.84
• Enterprise Value/Revenue: 0.33
• Enterprise Value/Gross Profit: 2.20
• Enterprise Value/Ebitda: -3.25
• 1Y Price Target: $19.75
• Price Target Upside: 50.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 54 Neutral
• Price Target: $13.50 ▲(2.74%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

Cross-Selling Opportunities

Thryv’s platform expansion over the past several years has created a significant opportunity to cross-sell and grow ARPU with existing customers, which should be the primary driver of growth this year.

SaaS Growth

The company's software business has been executing well and grew 24% organically this quarter.

Stock Valuation

Shares are trading at just 9 times SaaS EBITDA, suggesting the stock is significantly undervalued with potential upside to $50-plus a share.

Negative Factors

Print Directory Business

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 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.

Small Business Exposure

Primary risks include exposure to small businesses, competition, debt paydown, sales execution, and the pace of decline in the marketing services.

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 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
	EBIT
-59.91M	-33.30M	-200.02M	261.60M	190.01M	152.01M
	EBITDA
-11.21M	33.56M	-135.56M	247.77M	306.16M	256.30M
	Net Income Common Stockholders
-103.01M	-74.22M	-259.30M	54.35M	101.58M	149.22M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
10.99M	16.31M	18.22M	16.03M	11.26M	2.41M
	Total Assets
703.73M	712.16M	783.17M	1.18B	1.30B	1.21B
	Total Debt
298.99M	284.34M	348.90M	469.81M	562.48M	583.20M
	Net Debt
287.99M	268.03M	330.68M	453.78M	551.21M	580.79M
	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: Negative
• Last Price: 13.14
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 13.14 is below the 20-day moving average (MA) of 13.58, above the 50-day MA of 13.02, and below the 200-day MA of 15.58, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 44.43 is Neutral, 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
EVER	74 Outperform	$935.37M	25.45	32.17%	―	113.43%	―
SSTK	70 Outperform	$669.82M	17.51	7.07%	6.95%	10.30%	-57.87%
ANGI	68 Neutral	$795.62M	15.94	5.05%	―	-16.79%	―
Sector *	61 Neutral	$14.75B	5.86	-3.99%	6.11%	2.67%	-30.24%
THRY	54 Neutral	$600.09M	―	-51.21%	―	-14.71%	66.24%
PODC	52 Neutral	$51.23M	―	-36.00%	―	22.98%	69.10%
KIND	47 Neutral	$627.45M	―	-18.77%	―	12.01%	35.71%

Thryv Holdings Corporate Events

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.