Thryv Holdings (THRY) AI Stock Analysis

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Thryv Holdings

(NASDAQ:THRY)

Select Model

Neutral 62 (OpenAI - 4o)

Rating:62Neutral

Price Target:

$6.00

▼(-48.89% Downside)

Thryv Holdings' overall score reflects a mix of strengths and challenges. The company's financial performance shows recovery signs, but profitability and cash flow stability need improvement. Technical indicators suggest bearish momentum, while valuation appears reasonable. Positive earnings call insights on SaaS growth and AI integration are tempered by concerns over subscriber growth and partner performance.

Thryv Holdings (THRY) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$266.25M

Dividend YieldN/A

Average Volume (3M)409.85K

Price to Earnings (P/E)15.0

Beta (1Y)1.49

Revenue Growth-10.73%

EPS GrowthN/A

CountryUS

Employees2,986

SectorN/A

Sector StrengthN/A

IndustryInternet Content & Information

Share Statistics

EPS (TTM)0.13

Shares Outstanding43,576,893

10 Day Avg. Volume333,692

30 Day Avg. Volume409,852

Financial Highlights & Ratios

PEG Ratio0.10

Price to Book (P/B)2.79

Price to Sales (P/S)0.67

P/FCF Ratio9.77

Enterprise Value/Market Cap0.00

Enterprise Value/Revenue0.00

Enterprise Value/Gross Profit0.00

Enterprise Value/Ebitda0.00

Forecast

1Y Price Target

$15.00

Price Target Upside27.77% Upside

Rating ConsensusStrong Buy

Number of Analyst Covering4

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

Thryv Holdings Business Overview & Revenue Model

Company DescriptionThryv Holdings (THRY) is a technology company that provides software and solutions for small to medium-sized businesses (SMBs) to manage their operations more efficiently. The company operates primarily in the digital marketing and business management sectors, offering a comprehensive platform that includes customer relationship management (CRM), marketing automation, online presence management, and payment processing. Thryv aims to empower SMBs by providing them with the tools needed to enhance customer engagement, streamline workflows, and grow their businesses.

How the Company Makes MoneyThryv Holdings generates revenue through a subscription-based model, offering its software solutions to SMBs on a recurring basis. Key revenue streams include monthly or annual subscription fees for access to its integrated platform, which encompasses CRM, marketing services, and operational management tools. Additional revenue comes from transactional fees related to payment processing services and optional add-on services for enhanced marketing capabilities. The company also benefits from strategic partnerships with various service providers and platforms that expand its service offerings and market reach, contributing to its overall earnings.

Thryv Holdings Earnings Call Summary

Earnings Call Date:Oct 30, 2025

(Q3-2025)

% Change Since: |

Next Earnings Date:Feb 19, 2026

Earnings Call Sentiment Neutral

The earnings call highlighted impressive SaaS growth and innovative AI integrations, but challenges in subscriber growth and partner performance were concerns. The company is making strategic shifts with a focus on long-term transformation.

Q3-2025 Updates

Positive Updates

SaaS Revenue Growth

SaaS reported revenue was $115.9 million in the third quarter, representing an increase of 33% year-over-year.

AI Integration and Innovation

Thryv is rolling out AI features like social captioning, review response suggestions, and AI-driven website building, enhancing both internal processes and customer offerings.

Vertical Market Success

The HVAC vertical initiative showed a 10% lift in jobs booked and a 25% increase in total revenue for pilot customers.

Strong Adjusted EBITDA

SaaS adjusted EBITDA increased to $19.6 million with an adjusted EBITDA margin of 17%.

Free Cash Flow Improvement

Generated free cash flow of $14.6 million in the third quarter, bringing year-to-date free cash flow to $18.8 million.

Negative Updates

Subscriber and NRR Declines

Seasoned NRR declined to 94%, and there was only a 7% increase in SaaS subscribers year-over-year.

Challenges with Partner Channel

Initial partner results were weak, impacting expected performance from the Keap acquisition.

Marketing Services Revenue Decline

Marketing Services billings totaled $70.6 million, down 33% year-over-year, due to strategic shifts.

Company Guidance

During the Thryv Third Quarter 2025 Earnings Call, the company reported a SaaS revenue of $115.9 million for the third quarter, marking a 33% increase year-over-year, with Keap contributing $16.8 million. Excluding Keap, Thryv's SaaS business grew by 14% year-over-year. The SaaS adjusted gross margin saw an 80 basis point improvement, reaching 73%, and the adjusted EBITDA rose to $19.6 million, surpassing guidance with a margin of 17%. Thryv ended the quarter with 103,000 SaaS subscribers, including 13,000 from Keap, a 7% increase year-over-year. The overall SaaS ARPU was $365, with Thryv at $355 and Keap maintaining a strong ARPU of $437. Seasoned NRR was 94%, reflecting the transition of legacy digital marketing services clients to the modern SaaS platform. The company generated $14.6 million in free cash flow for the quarter, bringing the year-to-date total to $18.8 million, and reduced net debt by $9 million to $265 million. For the fourth quarter, Thryv expects SaaS revenue of $118 million to $121 million, and for the full year, the SaaS revenue is projected to be between $460 million and $463 million, with adjusted EBITDA guidance raised to $73 million to $75 million. Marketing Services revenue for the full year is anticipated to be in the range of $323 million to $325 million, with adjusted EBITDA guidance of $76 million to $78 million.

Thryv Holdings Financial Statement Overview

Summary

Income Statement

Positive

Balance Sheet

Positive

Cash Flow

Neutral

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Thryv Holdings Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price11.74

Price Trends

50DMA

7.66

Negative

100DMA

10.14

Negative

200DMA

11.65

Negative

Market Momentum

MACD

-0.36

Negative

RSI

44.63

Neutral

STOCH

67.20

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 11.74 is above the 20-day moving average (MA) of 5.85, above the 50-day MA of 7.66, and above the 200-day MA of 11.65, indicating a neutral trend. The MACD of -0.36 indicates Negative momentum. The RSI at 44.63 is Neutral, neither overbought nor oversold. The STOCH value of 67.20 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

Overall Rating

UnderperformOutperform

Sector (―)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	―	―	―	―	―	―
EVER	77 Outperform	$964.70M	18.75	36.81%	―	57.83%	293.63%
JFIN	73 Outperform	$353.31M	1.47	46.87%	11.93%	3.79%	50.06%
SSTK	64 Neutral	$649.67M	10.94	10.76%	7.22%	13.06%	66.19%
THRY	62 Neutral	$266.25M	14.97	11.31%	―	-10.73%	―
ANGI	62 Neutral	$551.90M	17.35	3.42%	―	-13.14%	17.25%
TTGT	57 Neutral	$401.20M	―	―	―	―	―

* Sector Average

Performance Comparison

THRY

Thryv Holdings

6.11

-8.05

-56.85%

ANGI

Angi

12.79

-3.71

-22.48%

SSTK

Shutterstock

18.29

-10.08

-35.53%

EVER

EverQuote

26.83

9.13

51.58%

JFIN

Jiayin Group

6.62

0.48

7.82%

TTGT

TechTarget, Inc.

5.56

-13.70

-71.13%

Thryv Holdings Corporate Events

Business Operations and StrategyFinancial Disclosures

Thryv Holdings Reports Strong Q3 2025 SaaS Growth

Positive

Oct 30, 2025

In the third quarter of 2025, Thryv Holdings reported a 33% year-over-year increase in SaaS revenue, reaching $115.9 million, and a significant improvement in net income compared to the previous year. The company also saw a 19% rise in SaaS monthly ARPU and exceeded its SaaS EBITDA guidance, reflecting its strategic focus on increasing customer spending and leveraging AI for small business growth. Despite a decrease in marketing services revenue, Thryv’s overall financial performance strengthened, as evidenced by a consolidated total revenue increase of 12% year-over-year and a net income of $5.7 million, positioning the company with a stronger balance sheet.

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 09, 2025