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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $167.68M | - | $201.56M | $210.47M | $181.37M | - | $179.85M | $224.08M | $233.62M | - |
| Cost of Revenue | $58.43M | - | $65.09M | $63.85M | $62.08M | - | $67.87M | $75.50M | $79.98M | - |
| Gross Profit | $109.26M | - | $136.47M | $146.62M | $119.29M | - | $111.98M | $148.59M | $153.64M | - |
| R&D | $10.21M | - | - | - | - | - | - | - | - | - |
| SG&A | $45.82M | - | $48.02M | $52.36M | $52.27M | - | $50.97M | $51.84M | $52.42M | - |
| Total Operating Expenses | $105.20M | - | $116.43M | $117.08M | $122.32M | - | $200.55M | $117.25M | $122.51M | - |
| D&A | $9.17M | - | $9.62M | $10.19M | $11.52M | - | $12.52M | $14.07M | $14.55M | - |
| Operating Income | $4.06M | - | $20.04M | $29.54M | ($3.03M) | - | ($88.57M) | $31.34M | $31.13M | - |
| Interest Expense | $6.61M | - | $8.59M | $8.95M | $13.36M | - | $11.51M | $16.29M | $13.36M | - |
| Income Tax | ($6.00M) | - | $5.82M | $8.44M | ($2.87M) | - | ($5.38M) | $6.62M | $5.40M | - |
| Net Income | $4.54M | - | $5.65M | $13.93M | ($9.62M) | - | ($96.07M) | $5.55M | $8.42M | - |
| EPS - Basic | $0.10 | - | $0.13 | $0.32 | ($0.22) | - | ($2.65) | $0.15 | $0.24 | - |
| EPS - Diluted | $0.10 | - | $0.13 | $0.31 | ($0.22) | - | ($2.65) | $0.15 | $0.22 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.95M | $10.75M | $11.55M | $10.84M | $10.99M | $16.31M | $12.45M | $15.52M | $14.39M | $18.22M |
| Accounts Receivable | $147.08M | $136.39M | $139.85M | $133.66M | $139.89M | $161.62M | $176.36M | $193.72M | $204.12M | $205.50M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $10.85M | $9.76M | $6.07M | $3.93M | $5.89M | $13.01M | $6.95M | $8.66M | $19.74M | $10.35M |
| Current Assets | $200.75M | $178.86M | $193.92M | $189.07M | $202.69M | $210.72M | $230.94M | $260.62M | $275.02M | $266.87M |
| Total Assets | $693.74M | $688.59M | $701.80M | $687.70M | $703.73M | $712.16M | $654.75M | $785.48M | $786.84M | $783.17M |
| Current Liabilities | $163.26M | $179.59M | $169.35M | $157.90M | $189.40M | $196.26M | $221.95M | $228.10M | $239.70M | $263.19M |
| Long-term Debt | $232.31M | $235.99M | $259.43M | $266.85M | $272.74M | $271.21M | $255.30M | $289.59M | $295.07M | $278.90M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $225.41M | $218.14M | $221.08M | $214.88M | $193.23M | $196.92M | $94.53M | $183.06M | $167.07M | $152.70M |
| Retained Earnings | ($567.57M) | ($572.11M) | ($562.45M) | ($568.11M) | ($582.04M) | ($572.42M) | ($580.30M) | ($484.23M) | ($489.78M) | ($498.20M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.47M | - | - | - | ($10.48M) | - | - | - | $5.44M | - |
| Investing Cash Flow | ($6.93M) | - | - | - | ($7.23M) | - | - | - | ($7.28M) | - |
| Financing Cash Flow | $2.58M | - | - | - | $12.28M | - | - | - | ($1.56M) | - |
| CapEx | $6.93M | - | - | - | $7.08M | - | - | - | $7.28M | - |
| Free Cash Flow | ($5.45M) | - | - | - | ($17.57M) | - | - | - | ($1.84M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 65.2% | - | 67.7% | 69.7% | 65.8% | - | 62.3% | 66.3% | 65.8% | - |
| Operating margin | 2.4% | - | 9.9% | 14.0% | -1.7% | - | -49.2% | 14.0% | 13.3% | - |
| EBITDA margin | 7.9% | - | 14.7% | 18.9% | 4.7% | - | -42.3% | 20.3% | 19.6% | - |
| Net margin | 2.7% | - | 2.8% | 6.6% | -5.3% | - | -53.4% | 2.5% | 3.6% | - |
| Free cash flow margin | -3.3% | - | - | - | -9.7% | - | - | - | -0.8% | - |
| FCF / Net income | -1.20 | - | - | - | 1.83 | - | - | - | -0.22 | - |
| R&D / Revenue | 6.1% | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 27.3% | - | 23.8% | 24.9% | 28.8% | - | 28.3% | 23.1% | 22.4% | - |
| Effective tax rate | - | - | 50.7% | 37.7% | - | - | - | 54.4% | 39.0% | - |
| Return on assets | 0.7% | - | 0.8% | 2.0% | -1.4% | - | -14.7% | 0.7% | 1.1% | - |
| Return on equity | 2.0% | - | 2.6% | 6.5% | -5.0% | - | -101.6% | 3.0% | 5.0% | - |
| Return on invested capital | 0.7% | - | 2.1% | 3.8% | -0.5% | - | -20.0% | 3.3% | 4.1% | - |
| Liquidity | ||||||||||
| Current ratio | 1.23 | 1.00 | 1.15 | 1.20 | 1.07 | 1.07 | 1.04 | 1.14 | 1.15 | 1.01 |
| Quick ratio | 1.23 | 1.00 | 1.15 | 1.20 | 1.07 | 1.07 | 1.04 | 1.14 | 1.15 | 1.01 |
| Cash ratio | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.08 | 0.06 | 0.07 | 0.06 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | 1.03 | 1.08 | 1.17 | 1.24 | 1.41 | 1.38 | 2.70 | 1.58 | 1.77 | 1.83 |
| Debt / Assets | 0.33 | 0.34 | 0.37 | 0.39 | 0.39 | 0.38 | 0.39 | 0.37 | 0.38 | 0.36 |
| Debt / EBITDA | 17.57 | - | 8.75 | 6.72 | 32.15 | - | - | 6.38 | 6.46 | - |
| Interest coverage | 0.6x | - | 2.3x | 3.3x | -0.2x | - | -7.7x | 1.9x | 2.3x | - |
| Equity multiplier | 3.08 | 3.16 | 3.17 | 3.20 | 3.64 | 3.62 | 6.93 | 4.29 | 4.71 | 5.13 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | - | 0.29 | 0.31 | 0.26 | - | 0.27 | 0.29 | 0.30 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 320d | - | 253d | 232d | 282d | - | 358d | 316d | 319d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 68d | - | 34d | 22d | 35d | - | 37d | 42d | 90d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 27.4x | - | 92.8x | 39.2x | - | - | - | 118.8x | 101.0x | - |
| P / B | 0.5x | - | 2.4x | 2.5x | 2.9x | - | 6.6x | 3.7x | 5.1x | - |
| P / S | 0.7x | - | 2.7x | 2.6x | 3.1x | - | 3.5x | 3.0x | 3.6x | - |
| EV / EBITDA | 26.3x | - | 26.4x | 20.0x | 96.4x | - | - | 20.8x | 24.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -7.5% | - | 12.1% | -6.1% | -22.4% | - | -2.2% | -10.9% | -4.9% | - |
| Revenue CAGR (3y) | -11.9% | - | -10.4% | -14.3% | -16.2% | - | -15.4% | -8.3% | -9.8% | - |
| Revenue CAGR (5y) | -12.0% | - | -8.8% | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -8.4% | - | 21.9% | -1.3% | -22.4% | - | 8.0% | -7.2% | -0.8% | - |
| Operating income growth (YoY) | - | - | - | -5.7% | - | - | -357.1% | 2.1% | 1.1% | - |
| Net income growth (YoY) | - | - | - | 151.1% | - | - | -255.2% | -65.3% | -9.6% | - |
| EPS growth (YoY) | - | - | - | 106.7% | - | - | -239.7% | -65.1% | -12.0% | - |
| EPS CAGR (3y) | -26.3% | - | -29.4% | -42.3% | - | - | - | -39.0% | -35.0% | - |
| EPS CAGR (5y) | -34.0% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 69.0% | - | - | - | -854.7% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.7% | 10.8% | 133.9% | 17.4% | 15.7% | 29.0% | -76.2% | -54.7% | -57.7% | -60.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$785.01M totalSoftware As AService$461.03M · 58.7%
Marketing Services$323.99M · 41.3%
Product / service
$323.99M totalPrint$223.57M · 69.0%
Digital$100.42M · 31.0%
Geographic
$785.01M totalUS$659.37M · 84.0%
Non Us$125.65M · 16.0%
Peer comparison
Same SIC group: Services-Advertising
Comparing Thryv Holdings against the 5 most active filers in the same SIC group.