THRY · Thryv Holdings, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · THRY

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$785.01M	$824.16M	$916.96M	$1.20B	$1.11B	$1.11B
Cost of Revenue	$252.31M	$286.92M	$338.71M	$422.01M	$439.74M	-
Gross Profit	$532.71M	$537.24M	$578.25M	$780.38M	$669.69M	-
R&D	$15.71M	$15.13M◇	$10.53M◇	-	-	-
SG&A	$211.20M	$217.30M	$208.88M	$216.41M	$153.90M	$156.29M
Total Operating Expenses	$476.00M	$570.54M	$778.26M	$681.06M	$515.33M	$957.42M
D&A	$39.46M	$52.79M	$63.25M	$88.39M	$105.47M	$146.52M
Operating Income	$56.71M	($33.30M)	($200.02M)	$99.32M	$190.01M	$152.01M
Interest Expense	$34.76M	$46.77M	$61.73M	$60.41M	$66.37M	$68.54M
Income Tax	$16.74M	$8.22M	($1.25M)	$44.63M	$32.74M	($107.98M)
Net Income	$307.0K	($74.22M)	($259.30M)	$54.35M	$101.58M	$149.22M
EPS - Basic	$0.01	($2.00)	($7.47)	$1.58	$3.02	$4.73
EPS - Diluted	$0.01	($2.00)	($7.47)	$1.49	$2.78	$4.42

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$10.75M	$16.31M	$18.22M	$16.03M	$11.26M	$2.41M
Accounts Receivable	$136.39M	$161.62M	$205.50M	$284.70M	$279.05M	$296.57M
Inventory	-	-	-	-	-	-
Accounts Payable	$9.76M	$13.01M	$10.35M	$18.97M	$8.61M	$8.93M
Current Assets	$178.86M	$210.72M	$266.87M	$378.32M	$370.64M	$369.70M
Total Assets	$688.59M	$712.16M	$783.17M	$1.18B	$1.30B	$1.21B
Current Liabilities	$179.59M	$196.26M	$263.19M	$300.49M	$307.13M	$207.40M
Long-term Debt	$235.99M	$271.21M	$278.90M	$399.81M	$492.48M	$528.40M
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$218.14M	$196.92M	$152.70M	$382.27M	$314.71M	$213.56M
Retained Earnings	($572.11M)	($572.42M)	($498.20M)	($238.91M)	($293.25M)	($394.83M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$63.53M	$89.78M	$148.23M	$148.57M	$170.57M	$232.77M
Investing Cash Flow	($32.53M)	($110.42M)	($42.52M)	($52.03M)	($196.57M)	($26.21M)
Financing Cash Flow	($38.47M)	$19.22M	($103.49M)	($91.10M)	$39.09M	($206.07M)
CapEx	$32.39M	$33.54M	$33.39M	$29.23M	$26.85M	$27.76M
Free Cash Flow	$31.14M	$56.25M	$114.83M	$119.34M	$143.72M	$205.01M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	67.9%	65.2%	63.1%	64.9%	60.1%	-
Operating margin	7.2%	-4.0%	-21.8%	8.3%	17.1%	13.7%
EBITDA margin	12.3%	2.4%	-14.9%	15.6%	26.5%	26.9%
Net margin	0.0%	-9.0%	-28.3%	4.5%	9.1%	13.5%
Free cash flow margin	4.0%	6.8%	12.5%	9.9%	12.9%	18.5%
FCF / Net income	101.43	-0.76	-0.44	2.20	1.41	1.37
R&D / Revenue	2.0%	1.8%	1.1%	-	-	-
SG&A / Revenue	26.9%	26.4%	22.8%	18.0%	13.8%	14.1%
Effective tax rate	98.2%	-	-	45.1%	24.4%	-261.9%
Return on assets	0.0%	-10.4%	-33.1%	4.6%	7.8%	12.3%
Return on equity	0.1%	-37.7%	-169.8%	14.2%	32.3%	69.9%
Return on invested capital	6.2%	-5.6%	-36.6%	7.0%	17.8%	20.5%
Liquidity
Current ratio	1.00	1.07	1.01	1.26	1.21	1.78
Quick ratio	1.00	1.07	1.01	1.26	1.21	1.78
Cash ratio	0.06	0.08	0.07	0.05	0.04	0.01
Leverage
Debt / Equity	1.08	1.38	1.83	1.05	1.56	2.47
Debt / Assets	0.34	0.38	0.36	0.34	0.38	0.43
Debt / EBITDA	2.45	13.92	-	2.13	1.67	1.77
Interest coverage	1.6x	-0.7x	-3.2x	1.6x	2.9x	2.2x
Equity multiplier	3.16	3.62	5.13	3.08	4.13	5.69
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	1.14	1.16	1.17	1.02	0.86	0.91
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	63d	72d	82d	86d	91d	98d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	14d	17d	11d	16d	7d	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	605.0x	-	-	12.8x	14.8x	3.1x
P / B	1.2x	2.8x	4.6x	1.8x	4.8x	2.1x
P / S	0.3x	0.7x	0.8x	0.6x	1.3x	0.4x
EV / EBITDA	5.1x	41.3x	-	5.7x	6.7x	3.3x
Growth
Revenue growth (YoY)	-4.7%	-10.1%	-23.7%	8.0%	0.4%	-
Revenue CAGR (3y)	-13.2%	-9.5%	-6.2%	-	-	-
Revenue CAGR (5y)	-6.7%	-	-	-	-	-
Gross profit growth (YoY)	-0.8%	-7.1%	-25.9%	16.5%	-	-
Operating income growth (YoY)	-	83.4%	-	-47.7%	25.0%	-
Net income growth (YoY)	-	71.4%	-	-46.5%	-31.9%	-
EPS growth (YoY)	-	73.2%	-	-46.4%	-37.1%	-
EPS CAGR (3y)	-81.1%	-	-	-	-	-
EPS CAGR (5y)	-70.4%	-	-	-	-	-
FCF growth (YoY)	-44.6%	-51.0%	-3.8%	-17.0%	-29.9%	-
FCF CAGR (5y)	-31.4%	-	-	-	-	-
Book value growth (YoY)	10.8%	29.0%	-60.1%	21.5%	47.4%	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$785.01M total

Software As AService$461.03M · 58.7%

Marketing Services$323.99M · 41.3%

Product / service

$323.99M total

Print$223.57M · 69.0%

Digital$100.42M · 31.0%

Geographic

$785.01M total

US$659.37M · 84.0%

Non Us$125.65M · 16.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✗No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Services-Advertising

Company	Revenue (last FY)	Net margin	ROE
IZEA	$31.24M	0.1%	0.1%
IBTA	$342.39M	1.0%	1.2%
NCMI	$243.20M	-4.4%	-2.8%
ANGI	$1.03B	4.3%	4.7%
TZOO	$91.72M	5.1%	-62.5%

Comparing Thryv Holdings against the 5 most active filers in the same SIC group.

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.