Thryv (NASDAQ:THRY) Issues Quarterly Earnings Results

Thryv (NASDAQ:THRY) released its earnings results on Thursday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.62), FiscalAI reports. The business had revenue of $191.62 million for the quarter, compared to analyst estimates of $191.25 million. Thryv had a net margin of 2.29% and a return on equity of 8.64%.

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

• Thryv Platform — management is consolidating Marketing Center and Keap into a unified, AI‑powered platform (launching later in 2026) and shifting to a product‑led growth + sales hybrid to simplify customer experience and drive higher lifetime value.
• Strong SaaS unit economics — full‑year SaaS revenue grew 34% to $461M, Q4 ARPU rose 15% to $373, SaaS adjusted EBITDA margin was ~16%, and customers spending $400+/month grew 18% and now represent 69% of revenue.
• Management is guiding conservatively for 2026 (SaaS revenue $461M–$471M) and warned near‑term growth will moderate as the easy upgrade pool is largely exhausted, with re‑acceleration expected later in the year.
• Marketing services are being wound down intentionally — Q4 billings fell 34% YoY and the company plans to exit the segment by 2028 while using its cash flow through 2030; free cash flow is forecast to rise to $40M–$50M in 2026 and net debt was reduced to $251M (1.7x leverage).

Thryv Trading Down 46.4%

Shares of Thryv stock traded down $1.82 during trading hours on Thursday, hitting $2.10. The company’s stock had a trading volume of 6,604,498 shares, compared to its average volume of 1,039,942. The company has a market capitalization of $91.52 million, a PE ratio of 5.12 and a beta of 0.87. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a 50 day moving average of $4.88 and a 200 day moving average of $8.19. Thryv has a 12 month low of $2.06 and a 12 month high of $20.92.

Institutional Trading of Thryv

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in Thryv by 2,101.2% during the 4th quarter. Millennium Management LLC now owns 740,909 shares of the company’s stock worth $4,482,000 after buying an additional 707,250 shares during the period. Jane Street Group LLC increased its position in shares of Thryv by 842.1% during the fourth quarter. Jane Street Group LLC now owns 653,650 shares of the company’s stock worth $3,955,000 after acquiring an additional 584,269 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Thryv during the fourth quarter worth $1,921,000. Charles Schwab Investment Management Inc. lifted its position in Thryv by 35.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company’s stock valued at $6,975,000 after acquiring an additional 302,723 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in Thryv by 171.8% in the 4th quarter. Trexquant Investment LP now owns 415,302 shares of the company’s stock worth $2,513,000 after purchasing an additional 262,482 shares during the period. 96.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on THRY. B. Riley Financial cut their price objective on shares of Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Wall Street Zen cut shares of Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Needham & Company LLC restated a “buy” rating and issued a $6.00 price target on shares of Thryv in a research report on Thursday. Royal Bank Of Canada decreased their price objective on Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Finally, William Blair lowered Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.