THRY · NASDAQ · Software - Application

Thryv

Runs Thryv business-management software alongside legacy marketing services.

$1.90
After-hours close−0.01 (−0.52%)
At close$1.91(+0.53%)
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Profile

Thryv Holdings, Inc.THRYInformation Technology

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

CEOJoseph A. Walsh
ListedOct 1, 2020
ExchangeNASDAQ
HeadquartersGrapevine, TX
CountryUnited States
Employees2,729
CIK0001556739
ISINUS8860292064

Key statistics

Market cap$84.3M
EPS (ttm)−$0.3700
P/E (ttm)−5.14
ROE-7.4%
P/B0.3984
P/S0.1184
Dividend yield
Beta1.31vs XLK −0.89

Year to date −66.3% · Average volume (30d) 856.0K

Analysts

Price target, next 12 months$3.00+57.9%Median of 6 analysts · vs the Aug 28 close
ConsensusBuy4 of 6 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 5, 2026RBC CapitalReiterateSector Perform$7$3
Feb 26, 2026NeedhamReiterateBuy$14$6
Feb 20, 2026RBC CapitalReiterateSector Perform$7
Nov 4, 2025William BlairDowngradeOutperformMarket Perform
Oct 31, 2025Craig-HallumTarget$25$10

Earnings

EPS

Estimate−$0.16
ReportedDue Oct 29, 2026

Revenue

Estimate$145.7M
ReportedDue Oct 29, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin65.8%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

Software As A Service$114.5M · 76%
Marketing Services$36.2M · 24%

Revenue by geography · Q2 FY26

United States$116.4M · 77%
Non-US$34.3M · 23%

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

Institutions 88.21%39.12M sharesInsiders 5.31%2.35M sharesOther 6.48%2.88M shares

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

HolderShares% outstandingFormFiled
Paulson & Co. Inc. · 10 percent owner8.44M19.04%Form 4Aug 6, 2026
BlackRock, Inc.3.81M8.60%13FMay 13, 2026
FMR LLC1.97M4.44%13FMay 15, 2026
Vanguard Capital Management LLC1.78M4.02%13FMay 15, 2026
Acadian Asset Management LLC1.73M3.91%13FMay 13, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 4, 2026Paulson & Co. Inc.10 percent owner+254,573$2.82
Aug 5, 2026Paulson & Co. Inc.10 percent owner+144,975$2.79
Mar 17, 2026John Slaterdirector+2,000$2.66
Mar 18, 2026Lou Orfanosdirector+5,000$2.60
Mar 13, 2026Joe Walshdirector, officer: Chairman and CEO+15,000$2.91
View details

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

CompanyPriceChange
Thryv$1.90−0.52%$84.3M0.1−28.4%
HubSpot$260.15−0.21%$13.36B92.117.33.9+19.8%
Intuit$358.02+0.02%$97.94B21.713.44.6+13.7%
GoDaddy$97.70−0.04%$12.94B14.511.82.5+6.6%
Wix$87.45−0.26%$4.60B14.22.2+14.9%
Salesforce$256.48+0.16%$209.66B23.417.64.8+10.8%
ServiceTitan$99.81−0.06%$9.53B72.89.4+24.6%
Median22.515.84.2+14.3%