Thryv
Runs Thryv business-management software alongside legacy marketing services.
Something off on this page? Send us feedback.
Profile
Serves small businesses through the Thryv business-management platform and Marketing Services. Built from U.S. Yellow Pages operators, the business is shifting toward SaaS while winding down print and digital marketing.
Combines the Thryv business-management platform with Marketing Services for small businesses. The platform handles customer lists, communications, online listings, appointments, estimates, invoices and payments; Marketing Services provides digital and print marketing.
Born from U.S. Yellow Pages operators, the business added Australian and New Zealand marketing companies plus Keap, an email-marketing and sales platform for small businesses. A Remote First model has most employees working remotely.
Marketing Services is scheduled to end by the close of 2028, with final print directories published that December. Client retention and upselling, third-party relationships, and acquisition integration shape the transition.
Company facts
Categories
Key statistics
Year to date −66.3% · Average volume (30d) 856.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | RBC Capital | Reiterate | Sector Perform | $7 | $3 | |
| Feb 26, 2026 | Needham | Reiterate | Buy | $14 | $6 | |
| Feb 20, 2026 | RBC Capital | Reiterate | Sector Perform | $7 | ||
| Nov 4, 2025 | William Blair | Downgrade | Outperform | Market Perform | ||
| Oct 31, 2025 | Craig-Hallum | Target | $25 | $10 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$0.10 | −$0.38 | −280.0% | $146.0M | $150.7M | +3.3% | −30.28% |
| Aug 3, 2026Q2 FY26 | −$0.10 | −$0.38 | −280.0% | $146.0M | $150.7M | +3.3% | +5.19% |
| Apr 30, 2026Q1 FY26 | $0.04 | $0.10 | +150.0% | $161.7M | $167.7M | +3.7% | +6.98% |
| Feb 26, 2026Q4 FY25 | $0.18 | −$0.22 | −225.0% | $191.3M | $191.6M | +0.2% | +10.48% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $181.4M | $210.5M | $201.6M | $191.6M | $167.7M | $150.7M | |
| Gross profit | $119.3M | $146.6M | $136.5M | $130.3M | $109.3M | $94.6M | |
| Operating income | −$3.0M | $29.5M | $20.0M | $4.8M | $4.1M | −$1.1M | |
| Net income | −$9.6M | $13.9M | $5.7M | −$9.7M | $4.5M | −$16.7M | |
| Diluted EPS | −$0.22 | $0.31 | $0.13 | −$0.22 | $0.10 | −$0.38 | |
| Gross margin | 65.8% | 69.7% | 67.7% | 68.0% | 65.2% | 62.7% | |
| Operating margin | -1.7% | 14.0% | 9.9% | 2.5% | 2.4% | -0.8% |
Fiscal years (4-quarter sums)FY21 $1.11B · FY22 $1.20B · FY23 $917.0M · FY24 $824.2M · FY25 $785.0M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $9.1M · Total debt $243.7M · Total assets $654.1M · Shareholders' equity $211.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 44.35M · Float 40.24M · 90.7% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Paulson & Co. Inc. · 10 percent owner | 8.44M | 19.04% | Form 4 | Aug 6, 2026 |
| BlackRock, Inc. | 3.81M | 8.60% | 13F | May 13, 2026 |
| FMR LLC | 1.97M | 4.44% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 1.78M | 4.02% | 13F | May 15, 2026 |
| Acadian Asset Management LLC | 1.73M | 3.91% | 13F | May 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Paulson & Co. Inc. | 10 percent owner | +254,573 | $2.82 |
| Aug 5, 2026 | Paulson & Co. Inc. | 10 percent owner | +144,975 | $2.79 |
| Mar 17, 2026 | John Slater | director | +2,000 | $2.66 |
| Mar 18, 2026 | Lou Orfanos | director | +5,000 | $2.60 |
| Mar 13, 2026 | Joe Walsh | director, officer: Chairman and CEO | +15,000 | $2.91 |
Peers
- HubSpot
All-in-one CRM, marketing, sales, and service for SMBs
- Intuit
SMB finance, payments, CRM, and marketing automation
- GoDaddy
Self-serve websites, marketing, and online commerce for SMBs
- Wix
No-code SMB websites with marketing and multichannel selling
- Salesforce
All-in-one CRM suites for small-business sales and marketing
- ServiceTitan
Field-service operations software for contracting businesses
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Thryv | $1.90 | −0.52% | $84.3M | — | — | 0.1 | −28.4% |
| HubSpot | $260.15 | −0.21% | $13.36B | 92.1 | 17.3 | 3.9 | +19.8% |
| Intuit | $358.02 | +0.02% | $97.94B | 21.7 | 13.4 | 4.6 | +13.7% |
| GoDaddy | $97.70 | −0.04% | $12.94B | 14.5 | 11.8 | 2.5 | +6.6% |
| Wix | $87.45 | −0.26% | $4.60B | — | 14.2 | 2.2 | +14.9% |
| Salesforce | $256.48 | +0.16% | $209.66B | 23.4 | 17.6 | 4.8 | +10.8% |
| ServiceTitan | $99.81 | −0.06% | $9.53B | — | 72.8 | 9.4 | +24.6% |
| Median | 22.5 | 15.8 | 4.2 | +14.3% |








