Thryv (NASDAQ:THRY) Issues Earnings Results

Thryv (NASDAQ:THRY) issued its earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16, FiscalAI reports. The business had revenue of $167.68 million during the quarter, compared to the consensus estimate of $161.68 million. Thryv had a return on equity of 0.14% and a net margin of 0.04%.

Here are the key takeaways from Thryv’s conference call:

• 70% SaaS scale: SaaS revenue was $116.7M (+5% YoY), now represents 70% of company revenue, with ARPU up 13% to $378/month and annualized client spend above $4,500 across ~96,000 SaaS subscribers.
• Marketing Center & AI traction: Marketing Center grew ~30% YoY and multiple AI capabilities (image generation, lead scoring, AI-guided dashboard, etc.) are live with strong early adoption, which management says is increasing engagement and stickiness.
• Margin compression and EBITDA miss: SaaS adjusted gross margin of 67% and adjusted EBITDA came in below guidance due primarily to a deliberate upgrade of low?margin digital agency customers onto SaaS without price changes.
• Marketing Services decline: Marketing Services billings fell 33% YoY as the company intentionally migrates legacy customers to SaaS; management plans to exit marketing services by 2028 with cash flows lasting through 2030, signaling near?term revenue decline in that segment.
• Guidance and balance sheet: Management raised the low end of full?year SaaS revenue to $463M–$471M, maintained SaaS adjusted EBITDA guidance of $70M–$75M, reported net debt of $258M (1.7x leverage), and expects overall top?line growth to resume in 2027.

Thryv Price Performance

Shares of NASDAQ:THRY traded down $0.08 during mid-day trading on Thursday, hitting $3.58. 1,760,778 shares of the company traded hands, compared to its average volume of 688,770. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. Thryv has a 12-month low of $1.91 and a 12-month high of $15.49. The stock has a 50-day moving average price of $3.06 and a two-hundred day moving average price of $5.22.

Trending Headlines about Thryv

Here are the key news stories impacting Thryv this week:

• Positive Sentiment: Company beat consensus on revenue and EPS for Q1; consolidated revenue was roughly $167.7M and management said results exceeded the company’s revenue and EBITDA guidance — this underpinning of the quarter supports near-term revenue credibility. Thryv Holdings, Inc. (THRY) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: SaaS traction remains the bright spot: SaaS revenue grew ~5% YoY to $116.7M and now represents the majority of revenue, which supports recurring revenue stability and long-term margin improvement potential. Thryv Grows SaaS Revenue in First Quarter 2026, Exceeds Total Company Revenue and EBITDA Guidance
• Positive Sentiment: Thryv updated revenue guidance: Q2 revenue range (~$145M–$148M) and FY revenue range (~$620M–$634M) sit at or slightly above consensus, which reduces short?term forecast risk and signals management confidence in SaaS momentum. Thryv Grows SaaS Revenue in First Quarter 2026, Exceeds Total Company Revenue and EBITDA Guidance
• Positive Sentiment: Zacks upgraded the stock from “strong sell” to “hold,” which may reduce selling pressure from some value-focused investors. Zacks Research Upgrade
• Neutral Sentiment: Full earnings call transcript and analyst Q&A are available for detailed read-through; they highlight product and GTM execution but reveal no major strategic shifts. Thryv Holdings, Inc. (THRY) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: TipRanks summary of the call highlights SaaS momentum — useful for quick context but reiterates points above. Thryv Holdings Earnings Call Highlights SaaS Momentum
• Negative Sentiment: Marketing Services revenue fell sharply (~27.5% YoY), and consolidated revenue was down ~7.5% YoY — this larger shrinkage in the legacy business is a near-term earnings/headline risk as SaaS scales. Thryv Grows SaaS Revenue in First Quarter 2026, Exceeds Total Company Revenue and EBITDA Guidance
• Negative Sentiment: Profitability metrics remain weak (very low net margin and ROE), and the stock still trades well below its 200?day moving average — indicating investor skepticism on full recovery/timing. Thryv Press Release / Slide Deck

Insider Activity at Thryv

In related news, CFO Paul D. Rouse bought 14,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average price of $2.35 per share, with a total value of $32,900.00. Following the completion of the transaction, the chief financial officer directly owned 349,079 shares in the company, valued at approximately $820,335.65. This represents a 4.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joe Walsh bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $43,650.00. Following the transaction, the chief executive officer owned 775,749 shares of the company’s stock, valued at $2,257,429.59. The trade was a 1.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 45,000 shares of company stock worth $120,250. 9.88% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Man Group plc purchased a new position in Thryv in the third quarter worth $127,000. XTX Topco Ltd purchased a new position in Thryv in the second quarter worth $123,000. Corsair Capital Management L.P. purchased a new position in Thryv in the fourth quarter worth $121,000. BNP Paribas Financial Markets boosted its position in Thryv by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 9,433 shares of the company’s stock worth $114,000 after purchasing an additional 3,862 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Thryv in the third quarter worth $107,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Royal Bank Of Canada lowered their target price on Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. Needham & Company LLC lowered their target price on Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Thryv in a report on Friday, April 17th. Finally, Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.50.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.