Thryv Hldgs Inc Financials
Thryv Hldgs Inc (THRY) reported $785.0M in revenue for fiscal year 2025, down 4.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Thryv is shrinking into a higher-margin, more cash-converting operation, but interest drag and thin liquidity still mute earnings.
From FY2023 to FY2025, revenue fell by14.4% , yet gross profit slipped only7.9% ; the company preserved far more of its gross profit pool than the topline decline suggests. The larger bottleneck sat below operations: FY2025 generated$56.7M of operating income but only$307K of net income because interest and taxes absorbed most of the rebound.
Cash conversion still looks better than GAAP earnings: FY2025 produced
FY2025’s margin repair was not just blanket cost cutting: R&D spending rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Thryv Hldgs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Thryv Hldgs Inc has an operating margin of 7.2%, meaning the company retains $7 of operating profit per $100 of revenue. This below-average margin results in a low score of 25/100, suggesting thin profitability after operating expenses. This is up from -4.0% the prior year.
Thryv Hldgs Inc's revenue declined 4.7% year-over-year, from $824.2M to $785.0M. This contraction results in a growth score of 13/100.
Thryv Hldgs Inc has elevated debt relative to equity (D/E of 1.08), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.
Thryv Hldgs Inc's current ratio of 1.00 is below the typical benchmark, resulting in a score of 18/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Thryv Hldgs Inc has a free cash flow margin of 4.0%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.
Thryv Hldgs Inc generates a 0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is up from -37.7% the prior year.
Thryv Hldgs Inc scores 0.37, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Thryv Hldgs Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Thryv Hldgs Inc reported $307K of net income while generating $63.5M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Thryv Hldgs Inc earns $1.63 in operating income for every $1 of interest expense ($56.7M vs $34.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Thryv Hldgs Inc generated $785.0M in revenue in fiscal year 2025. This represents a decrease of 4.7% from the prior year.
Thryv Hldgs Inc's EBITDA was $96.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 393.4% from the prior year.
Thryv Hldgs Inc reported $307K in net income in fiscal year 2025. This represents an increase of 100.4% from the prior year.
Thryv Hldgs Inc earned $0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 100.5% from the prior year.
Cash & Balance Sheet
Thryv Hldgs Inc generated $31.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 44.6% from the prior year.
Thryv Hldgs Inc held $10.8M in cash against $236.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Thryv Hldgs Inc's gross margin was 67.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the prior year.
Thryv Hldgs Inc's operating margin was 7.2% in fiscal year 2025, reflecting core business profitability. This is up 11.3 percentage points from the prior year.
Thryv Hldgs Inc's net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.0 percentage points from the prior year.
Thryv Hldgs Inc's ROE was 0.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 37.8 percentage points from the prior year.
Capital Allocation
Thryv Hldgs Inc invested $39.1M in research and development in fiscal year 2025. This represents an increase of 148.9% from the prior year.
Thryv Hldgs Inc spent $5.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 901.8% from the prior year.
Thryv Hldgs Inc invested $32.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.4% from the prior year.
THRY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $711.6M | $785.0M-4.7% | $824.2M-10.1% | $917.0M-23.7% | $1.2B+8.0% | $1.1B+0.4% | $1.1B-21.9% | $1.4B-20.3% | $1.8B | $1.8B+25.7% | $1.4B+13.0% | $1.3B-13.7% | $1.5B |
| Cost of Revenue | $241.0M | $252.3M-12.1% | $286.9M-15.3% | $338.7M-19.7% | $422.0M+3.4% | $408.0M-7.2% | $439.7M-24.4% | $581.3M-10.2% | $647.3M | $576.0M+20.3% | $479.0M+33.8% | $358.0M-1.4% | $363.0M |
| Gross Profit | $470.6M | $532.7M-0.8% | $537.2M-7.1% | $578.2M-25.9% | $780.4M+10.6% | $705.3M+5.3% | $669.7M-20.3% | $840.1M-26.1% | $1.1B | $1.2B+28.4% | $965.0M+4.9% | $920.0M-17.7% | $1.1B |
| R&D Expenses | N/A | $39.1M+148.9% | $15.7M+23.3% | $12.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $193.5M | $211.2M-2.8% | $217.3M+4.0% | $208.9M-3.5% | $216.4M+40.6% | $153.9M-13.3% | $177.6M-9.7% | $196.5M-17.6% | $238.6M | $164.0M-21.5% | $209.0M+77.1% | $118.0M-27.2% | $162.0M |
| Operating Income | $33.1M | $56.7M+270.3% | -$33.3M+83.4% | -$200.0M-301.4% | $99.3M-47.7% | $190.0M+25.0% | $152.0M-26.2% | $206.1M+26.9% | $162.3M | -$4.0M+99.5% | -$850.0M-925.2% | $103.0M+124.0% | -$430.0M |
| Interest Expense | $30.9M | $34.8M-25.7% | $46.8M-24.2% | $61.7M+2.2% | $60.4M-9.0% | $66.4M-3.2% | $68.5M-26.3% | $93.0M+12.4% | $82.7M | -$356.0M-12.7% | -$316.0M-61.2% | -$196.0M+13.7% | -$227.0M |
| Income Tax | $12.4M | $16.7M+103.7% | $8.2M+758.0% | -$1.2M-102.8% | $44.6M+36.3% | $32.7M+130.3% | -$108.0M-697.8% | $18.1M+112.8% | $8.5M | $13.0M+103.5% | -$376.0M-6366.7% | $6.0M+104.8% | -$125.0M |
| Net Income | -$16.1M | $307K+100.4% | -$74.2M+71.4% | -$259.3M-577.1% | $54.3M-46.5% | $101.6M-31.9% | $149.2M+320.3% | $35.5M-32.1% | $52.3M | -$371.0M+54.7% | -$819.0M-2097.6% | $41.0M+107.9% | -$519.0M |
| EPS (Diluted) | — | $0.01+100.5% | -$2.00+73.2% | -$7.47-601.3% | $1.49-46.4% | $2.78-37.1% | $4.42+439.0% | $0.82-6.8% | $0.88 | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2015, FY2016, FY2017.
THRY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $688.6M-3.3% | $712.2M-9.1% | $783.2M-33.5% | $1.2B-9.4% | $1.3B+7.0% | $1.2B-12.5% | $1.4B | N/A | $1.7B-30.1% | $2.5B+2.2% | $2.4B | N/A |
| Current Assets | $178.9M-15.1% | $210.7M-21.0% | $266.9M-29.5% | $378.3M+2.1% | $370.6M+0.3% | $369.7M-22.7% | $478.6M | N/A | $497.0M-18.4% | $609.0M+34.4% | $453.0M | N/A |
| Cash & Equivalents | $10.8M-34.1% | $16.3M-10.5% | $18.2M+13.6% | $16.0M+42.3% | $11.3M+368.1% | $2.4M+25.8% | $1.9M-94.4% | $34.2M | $171.0M+9.6% | $156.0M-9.3% | $172.0M-33.3% | $258.0M |
| Accounts Receivable | $136.4M-15.6% | $161.6M-21.4% | $205.5M-27.8% | $284.7M+2.0% | $279.1M-5.9% | $296.6M-19.8% | $369.7M | N/A | $151.0M-30.7% | $218.0M+120.2% | $99.0M | N/A |
| Goodwill | $253.8M+0.2% | $253.3M-16.2% | $302.4M-46.6% | $566.0M-15.8% | $671.9M+10.2% | $609.5M0.0% | $609.5M0.0% | $609.5M | $315.0M0.0% | $315.0M | $0 | $0 |
| Total Liabilities | $470.4M-8.7% | $515.2M-18.3% | $630.5M-20.8% | $795.6M-19.3% | $985.8M-3.2% | $1.0B-25.2% | $1.4B | N/A | $2.8B-10.2% | $3.2B+32.5% | $2.4B | N/A |
| Current Liabilities | $179.6M-8.5% | $196.3M-25.4% | $263.2M-12.4% | $300.5M-2.2% | $307.1M+48.1% | $207.4M-19.4% | $257.4M | N/A | $404.0M-13.3% | $466.0M-79.3% | $2.2B | N/A |
| Long-Term Debt | $236.0M-13.0% | $271.2M-2.8% | $278.9M-30.2% | $399.8M-18.8% | $492.5M-6.8% | $528.4M-26.0% | $714.4M | N/A | $2.3B-9.9% | $2.5B | $0 | N/A |
| Total Equity | $218.1M+10.8% | $196.9M+29.0% | $152.7M-60.1% | $382.3M+21.5% | $314.7M+59.9% | $196.8M+621.8% | $27.3M-93.6% | $428.3M | -$1.1B-59.6% | -$703.0M-3615.0% | $20.0M+300.0% | -$10.0M |
| Retained Earnings | -$572.1M+0.1% | -$572.4M-14.9% | -$498.2M-108.5% | -$238.9M+18.5% | -$293.3M+25.7% | -$394.8M+27.4% | -$544.1M | N/A | -$2.6B-16.7% | -$2.2B-58.5% | -$1.4B | N/A |
Not reported in any period shown, so not listed: Inventory.
No annual filing on record for: FY2015, FY2016, FY2017.
THRY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $71.8M | $63.5M-29.2% | $89.8M-39.4% | $148.2M-0.2% | $148.6M-12.9% | $170.6M-26.7% | $232.8M-14.0% | $270.6M-22.0% | $347.1M | $388.0M+7.8% | $360.0M+3.2% | $349.0M-15.5% | $413.0M |
| Capital Expenditures | $33.7M | $32.4M-3.4% | $33.5M+0.4% | $33.4M+14.2% | $29.2M+8.9% | $26.8M-3.3% | $27.8M+6.5% | $26.1M-5.0% | $27.4M | $18.0M-25.0% | $24.0M+4.3% | $23.0M-17.9% | $28.0M |
| Free Cash Flow | $38.2M | $31.1M-44.6% | $56.2M-51.0% | $114.8M-3.8% | $119.3M-17.0% | $143.7M-29.9% | $205.0M-16.2% | $244.5M-23.5% | $319.6M | $370.0M+10.1% | $336.0M+3.1% | $326.0M-15.3% | $385.0M |
| Investing Cash Flow | -$33.7M | -$32.5M+70.5% | -$110.4M-159.7% | -$42.5M+18.3% | -$52.0M+73.5% | -$196.6M-650.0% | -$26.2M-3.3% | -$25.4M+11.5% | -$28.7M | -$5.0M-103.8% | $130.0M+665.2% | -$23.0M-91.7% | -$12.0M |
| Financing Cash Flow | -$41.4M | -$38.5M-300.2% | $19.2M+118.6% | -$103.5M-13.6% | -$91.1M-333.1% | $39.1M+119.0% | -$206.1M+25.7% | -$277.5M+3.1% | -$286.3M | -$368.0M+27.3% | -$506.0M-22.8% | -$412.0M-52.0% | -$271.0M |
| Share Buybacks | N/A | $5.0M+901.8% | $499K | $0 | $0 | $0-100.0% | $30.6M-93.0% | $438.0M | $0 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2015, FY2016, FY2017.
THRY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.9%+2.7pp | 65.2%+2.1pp | 63.1%-1.8pp | 64.9%+1.6pp | 63.3%+3.0pp | 60.4%+1.3pp | 59.1%-4.6pp | 63.7% | 68.3%+1.4pp | 66.8%-5.2pp | 72.0%-3.5pp | 75.5% |
| Operating Margin | 7.2%+11.3pp | -4.0%+17.8pp | -21.8%-30.1pp | 8.3%-8.8pp | 17.1%+3.4pp | 13.7%-0.8pp | 14.5%+5.4pp | 9.1% | -0.2%+58.6pp | -58.9%-66.9pp | 8.1%+37.1pp | -29.0% |
| Net Margin | 0.0%+9.0pp | -9.0%+19.3pp | -28.3%-32.8pp | 4.5%-4.6pp | 9.1%-4.3pp | 13.5%+11.0pp | 2.5%-0.4pp | 2.9% | -20.4%+36.3pp | -56.7%-59.9pp | 3.2%+38.3pp | -35.0% |
| Return on Equity | 0.1%+37.8pp | -37.7%+132.1pp | -169.8%-184.0pp | 14.2%-18.1pp | 32.3%-43.5pp | 75.8%-54.4pp | 130.2%+118.0pp | 12.2% | N/A | N/A | 205.0% | N/A |
| Return on Assets | 0.0%+10.5pp | -10.4%+22.7pp | -33.1%-37.7pp | 4.6%-3.2pp | 7.8%-4.5pp | 12.3%+9.7pp | 2.6% | N/A | -21.5%+11.7pp | -33.2%-34.9pp | 1.7% | N/A |
| Current Ratio | 1.00-0.1x | 1.07+0.1x | 1.01-0.2x | 1.26+0.1x | 1.21-0.6x | 1.78-0.1x | 1.86 | N/A | 1.23-0.1x | 1.31+1.1x | 0.20 | N/A |
| Debt-to-Equity | 1.08-0.3x | 1.38-0.4x | 1.83+0.8x | 1.05-0.5x | 1.56-1.1x | 2.69-23.5x | 26.21 | N/A | N/A | N/A | 0.00 | N/A |
| FCF Margin | 4.0%-2.8pp | 6.8%-5.7pp | 12.5%+2.6pp | 9.9%-3.0pp | 12.9%-5.6pp | 18.5%+1.3pp | 17.2%-0.7pp | 17.9% | 20.4%-2.9pp | 23.3%-2.2pp | 25.5%-0.5pp | 26.0% |
No annual filing on record for: FY2015, FY2016, FY2017.
Note: The current ratio is below 1.0 (1.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Thryv Hldgs Inc Ranks
Frequently Asked Questions
What is Thryv Hldgs Inc's annual revenue?
Thryv Hldgs Inc (THRY) reported $785.0M in total revenue for fiscal year 2025. This represents a -4.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Thryv Hldgs Inc's revenue growing?
Thryv Hldgs Inc (THRY) revenue declined by 4.7% year-over-year, from $824.2M to $785.0M in fiscal year 2025.
Is Thryv Hldgs Inc profitable?
Yes, Thryv Hldgs Inc (THRY) reported a net income of $307K in fiscal year 2025, with a net profit margin of 0.0%.
What is Thryv Hldgs Inc's EBITDA?
Thryv Hldgs Inc (THRY) had EBITDA of $96.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Thryv Hldgs Inc have?
As of fiscal year 2025, Thryv Hldgs Inc (THRY) had $10.8M in cash and equivalents against $236.0M in long-term debt.
What is Thryv Hldgs Inc's gross margin?
Thryv Hldgs Inc (THRY) had a gross margin of 67.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Thryv Hldgs Inc's operating margin?
Thryv Hldgs Inc (THRY) had an operating margin of 7.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Thryv Hldgs Inc's net profit margin?
Thryv Hldgs Inc (THRY) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Thryv Hldgs Inc's return on equity (ROE)?
Thryv Hldgs Inc (THRY) has a return on equity of 0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Thryv Hldgs Inc's free cash flow?
Thryv Hldgs Inc (THRY) generated $31.1M in free cash flow during fiscal year 2025. This represents a -44.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Thryv Hldgs Inc's operating cash flow?
Thryv Hldgs Inc (THRY) generated $63.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Thryv Hldgs Inc's total assets?
Thryv Hldgs Inc (THRY) had $688.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Thryv Hldgs Inc's capital expenditures?
Thryv Hldgs Inc (THRY) invested $32.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Thryv Hldgs Inc spend on research and development?
Thryv Hldgs Inc (THRY) invested $39.1M in research and development during fiscal year 2025.
What is Thryv Hldgs Inc's current ratio?
Thryv Hldgs Inc (THRY) had a current ratio of 1.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Thryv Hldgs Inc's debt-to-equity ratio?
Thryv Hldgs Inc (THRY) had a debt-to-equity ratio of 1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Thryv Hldgs Inc's return on assets (ROA)?
Thryv Hldgs Inc (THRY) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Thryv Hldgs Inc's Altman Z-Score?
Thryv Hldgs Inc (THRY) has an Altman Z-Score of 0.37, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Thryv Hldgs Inc's Piotroski F-Score?
Thryv Hldgs Inc (THRY) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Thryv Hldgs Inc's earnings high quality?
Thryv Hldgs Inc (THRY) reported $307K of net income while generating $63.5M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Thryv Hldgs Inc cover its interest payments?
Thryv Hldgs Inc (THRY) has an interest coverage ratio of 1.63x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Thryv Hldgs Inc?
Thryv Hldgs Inc (THRY) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.