What is Thryv Holdings, Inc.'s earnings per share (EPS)?

Thryv Holdings, Inc. (THRY) reported diluted earnings per share of $0.01 for fiscal year 2025. This represents a 100.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Thryv Holdings, Inc. (THRY) Financials

THRY

Trailing 12 months to June 30, 2026

Revenue $711.6M -6.2% YoY

Net Income -$16.1M +80.8% YoY

EPS (Diluted) -$0.36 +84.2% YoY

Free Cash Flow $38.2M -22.2% YoY

Market Cap $61.3M as of Oct 6, 2026

Price / Sales 0.1x on $711.6M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 0.3x on $211.6M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the THRY SEC filings page.

Thryv Holdings, Inc. (THRY) reported $711.6M in revenue over the twelve months to Jun 30, 2026, down 6.2% from the prior twelve months. 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).

Rhea AI THRY FY2025 2026-10-03

Thryv's profit recovery reflects cost restructuring, while cash generation and short-term balance-sheet cushion continue to weaken.

Operating margin recovered from -4.0% in FY2024 to 7.2% in FY2025 even as revenue fell, indicating that lower operating costs—not volume growth—drove the turnaround. Yet operating cash flow declined from $90M to $64M, so the reported earnings improvement has not translated into stronger cash production.

Gross margin expanded from 65.2% to 67.9% while revenue decreased, suggesting a more favorable cost or revenue mix rather than simple scale benefits. The margin improvement therefore sits upstream of, and helps explain, the operating recovery.

Leverage eased, with debt-to-equity falling from 1.4x to 1.1x as total liabilities declined, but current ratio slipped below 1.0x. Meanwhile, free cash flow fell from $56M to $31M, leaving less internally generated cash after capital spending despite near-breakeven net income.

Financial Health Signals

Financial Health Score 25/100

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 Holdings, 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.

Profitability

Thryv Holdings, 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 22/100, suggesting thin profitability after operating expenses. This is up from -4.0% the prior year.

Growth

Thryv Holdings, Inc.'s revenue declined 4.7% year-over-year, from $824.2M to $785.0M. This contraction results in a growth score of 12/100.

Leverage

Thryv Holdings, 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 28/100, reflecting increased financial risk.

Liquidity

Thryv Holdings, 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.

Cash Flow

Thryv Holdings, Inc. has a free cash flow margin of 4.0%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Thryv Holdings, Inc. generates a 0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is up from -37.7% the prior year.

Altman Z-Score Distress

0.33

Thryv Holdings, Inc. scores 0.33, 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.

Piotroski F-Score Neutral

6/9

Thryv Holdings, 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.

Earnings Quality Cash-Backed

N/A

Thryv Holdings, 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.

Interest Coverage At Risk

1.63x

Thryv Holdings, 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

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Earnings & Revenue

Revenue

$150.7M

YoY-28.4%

QoQ-10.1%

5Y CAGR-12.3%

Thryv Holdings, Inc. generated $150.7M in revenue in Q2 2026. This represents a decrease of 28.4% from the same quarter a year earlier. Against the prior quarter it is down 10.1%.

EBITDA

$9.8M

YoY-75.5%

QoQ-26.3%

5Y CAGR-35.0%

Thryv Holdings, Inc.'s EBITDA was $9.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 75.5% from the same quarter a year earlier. Against the prior quarter it is down 26.3%.

Net Income

-$16.7M

YoY-219.6%

QoQ-466.8%

Thryv Holdings, Inc. reported -$16.7M in net income in Q2 2026. This represents a decrease of 219.6% from the same quarter a year earlier. Against the prior quarter it is down 466.8%.

EPS (Diluted)

-$0.38

YoY-222.6%

QoQ-480.0%

Thryv Holdings, Inc. earned -$0.38 per diluted share (EPS) in Q2 2026. This represents a decrease of 222.6% from the same quarter a year earlier. Against the prior quarter it is down 480.0%.

Cash & Balance Sheet

Free Cash Flow

$16.7M

YoY-23.4%

QoQ+406.0%

5Y CAGR-21.8%

Thryv Holdings, Inc. generated $16.7M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 23.4% from the same quarter a year earlier. Against the prior quarter it is up 406.0%.

Cash & Debt

$9.1M

YoY-15.7%

QoQ+14.9%

5Y CAGR-10.4%

Thryv Holdings, Inc. held $9.1M in cash against $208.7M in long-term debt as of Q2 2026.

Shares Outstanding

44M

YoY+1.1%

QoQ+0.2%

5Y CAGR+5.6%

Thryv Holdings, Inc. had 44M shares outstanding in Q2 2026. This represents an increase of 1.1% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

62.7%

YoY-6.9pp

QoQ-2.4pp

5Y change+1.4pp

Thryv Holdings, Inc.'s gross margin was 62.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 6.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.

Operating Margin

-0.8%

YoY-14.8pp

QoQ-3.2pp

5Y change-19.4pp

Thryv Holdings, Inc.'s operating margin was -0.8% in Q2 2026, reflecting core business profitability. This is down 14.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.2 percentage points.

Net Margin

-11.1%

YoY-17.7pp

QoQ-13.8pp

5Y change-19.4pp

Thryv Holdings, Inc.'s net profit margin was -11.1% in Q2 2026, showing the share of revenue converted to profit. This is down 17.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.8 percentage points.

Return on Equity

-7.9%

YoY-14.4pp

QoQ-9.9pp

5Y change-16.9pp

Thryv Holdings, Inc.'s ROE was -7.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 14.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.9 percentage points.

Capital Allocation

R&D Spending

$7.5M

YoY-13.3%

QoQ-34.3%

Thryv Holdings, Inc. invested $7.5M in research and development in Q2 2026. This represents a decrease of 13.3% from the same quarter a year earlier. Against the prior quarter it is down 34.3%.

Capital Expenditures

$9.2M

YoY+18.3%

QoQ+32.8%

5Y CAGR-2.9%

Thryv Holdings, Inc. invested $9.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 18.3% from the same quarter a year earlier. Against the prior quarter it is up 32.8%.

Share Buybacks

Not reported for Q2 2026.

THRY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

THRY quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
EBITDA	N/A	$96.2M+393.4%	$19.5M+114.3%	-$136.8M-172.9%	$187.7M-36.5%	$295.5M-1.0%	$298.5M-27.6%	$412.3M-4.0%	$429.3M	$639.0M+851.8%	-$85.0M-116.3%	$522.0M+393.3%	-$178.0M
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 (Basic)	N/A	$0.01+100.5%	-$2.00+73.2%	-$7.47-572.8%	$1.58-47.7%	$3.02-36.2%	$4.73+443.7%	$0.87-4.4%	$0.91	N/A	N/A	N/A	N/A
EPS (Diluted)	-$0.36	$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
Diluted Shares (Avg)	N/A	44M+19.7%	37M+7.0%	35M-4.9%	37M0.0%	36M+8.0%	34M-22.2%	43M-27.1%	60M	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$150.7M-28.4%	$167.7M-7.5%	$191.6M+2.7%	$201.6M+12.1%	$210.5M-6.1%	$181.4M-22.4%	$186.6M-21.0%	$179.9M-2.2%
Cost of Revenue	$56.2M-12.0%	$58.4M-5.9%	$61.3M-3.6%	$65.1M-4.1%	$63.9M-15.4%	$62.1M-22.4%	$63.6M-16.9%	$67.9M-15.3%
Gross Profit	$94.6M-35.5%	$109.3M-8.4%	$130.3M+5.9%	$136.5M+21.9%	$146.6M-1.3%	$119.3M-22.4%	$123.0M-23.0%	$112.0M+8.0%
R&D Expenses	$7.5M-13.3%	$11.4M+12.0%	N/A	N/A	$8.7M	$10.2M	N/A	N/A
SG&A Expenses	$41.2M-21.4%	$45.8M-12.3%	$58.6M-5.7%	$48.0M-5.8%	$52.4M+1.0%	$52.3M-0.3%	$62.1M+4.8%	$51.0M+5.6%
Operating Income	-$1.1M-103.9%	$4.1M+233.8%	$10.2M+241.1%	$20.0M+122.6%	$29.5M-5.7%	-$3.0M-109.7%	-$7.2M+97.0%	-$88.6M-357.1%
EBITDA	$9.8M-75.5%	$13.2M+55.9%	$18.3M+311.9%	$29.7M+139.0%	$39.7M-12.5%	$8.5M-81.4%	$4.4M+102.0%	-$76.0M-2050.7%
Interest Expense	$7.5M-16.0%	$6.6M-27.2%	$8.1M-16.2%	$8.6M-25.4%	$9.0M-26.5%	$9.1M-32.1%	$9.7M-29.6%	$11.5M-23.9%
Income Tax	$7.2M-14.7%	-$6.0M-109.5%	$5.3M+238.9%	$5.8M+208.2%	$8.4M+27.5%	-$2.9M-153.1%	$1.6M-80.1%	-$5.4M+47.5%
Net Income	-$16.7M-219.6%	$4.5M+147.2%	-$9.7M-222.5%	$5.7M+105.9%	$13.9M+151.1%	-$9.6M-214.2%	$7.9M+103.1%	-$96.1M-255.2%
EPS (Basic)	-$0.38-218.8%	$0.10+145.5%	-$0.22-178.6%	$0.13+104.9%	$0.32+113.3%	-$0.22-191.7%	$0.28+103.8%	-$2.65-239.7%
EPS (Diluted)	-$0.38-222.6%	$0.10+145.5%	-$0.21	$0.13+104.9%	$0.31+106.7%	-$0.22-200.0%	$0.28+103.8%	-$2.65-239.7%
Diluted Shares (Avg)	44M+0.1%	45M+4.2%	N/A	44M+22.4%	44M+17.7%	43M+14.3%	N/A	36M+4.2%

THRY Balance Sheet

THRY quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Non-Current Liabilities	$290.9M-8.8%	$319.0M-13.1%	$367.3M-25.8%	$495.1M-27.0%	$678.7M-16.3%	$810.8M-26.5%	$1.1B	N/A	$2.4B-9.7%	$2.7B+1762.8%	$145.0M	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

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$654.1M-4.9%	$693.7M-1.4%	$688.6M-3.3%	$701.8M+7.2%	$687.7M-12.4%	$703.7M-10.6%	$712.2M-9.1%	$654.8M-37.1%
Current Assets	$158.0M-16.4%	$200.8M-1.0%	$178.9M-15.1%	$193.9M-16.0%	$189.1M-27.5%	$202.7M-26.3%	$210.7M-21.0%	$230.9M-15.9%
Cash & Equivalents	$9.1M-15.7%	$8.0M-27.7%	$10.8M-34.1%	$11.6M-7.2%	$10.8M-30.2%	$11.0M-23.6%	$16.3M-10.5%	$12.5M-15.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$127.8M-4.4%	$147.1M+5.1%	$136.4M-15.6%	$139.8M-20.7%	$133.7M-31.0%	$139.9M-31.5%	$161.6M-21.4%	$176.4M-11.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$253.8M0.0%	$253.8M0.0%	$253.8M+0.2%	$253.8M+16.0%	$253.8M-15.7%	$253.8M-15.3%	$253.3M-16.2%	$218.9M-61.4%
Total Liabilities	$442.6M-6.4%	$468.3M-8.3%	$470.4M-8.7%	$480.7M-14.2%	$472.8M-21.5%	$510.5M-17.6%	$515.2M-18.3%	$560.2M-12.9%
Current Liabilities	$158.4M+0.3%	$163.3M-13.8%	$179.6M-8.5%	$169.4M-23.7%	$157.9M-30.8%	$189.4M-21.0%	$196.3M-25.4%	$221.9M-5.9%
Non-Current Liabilities	$284.1M-9.8%	$305.1M-5.0%	$290.9M-8.8%	$311.4M-8.0%	$314.9M-15.9%	$321.1M-15.5%	$319.0M-13.1%	$338.3M-17.0%
Long-Term Debt	$208.7M-21.8%	$232.3M-14.8%	$236.0M-13.0%	$259.4M+1.6%	$266.9M-7.9%	$272.7M-7.6%	$271.2M-2.8%	$255.3M-18.0%
Total Equity	$211.6M-1.5%	$225.4M+16.7%	$218.1M+10.8%	$221.1M+133.9%	$214.9M+17.4%	$193.2M+15.7%	$196.9M+29.0%	$94.5M-76.2%
Retained Earnings	-$584.2M-2.8%	-$567.6M+2.5%	-$572.1M+0.1%	-$562.5M+3.1%	-$568.1M-17.3%	-$582.0M-18.8%	-$572.4M-14.9%	-$580.3M-141.1%

Not reported in any period shown, so not listed: Inventory.

THRY Cash Flow Statement

THRY quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Depreciation & Amortization	N/A	$39.5M-25.3%	$52.8M-16.5%	$63.3M-28.4%	$88.4M-16.2%	$105.5M-28.0%	$146.5M-29.0%	$206.3M-22.7%	$267.0M	$643.0M-15.9%	$765.0M+82.6%	$419.0M+66.3%	$252.0M
Stock-Based Compensation	N/A	$25.3M+4.7%	$24.1M+8.6%	$22.2M+51.8%	$14.6M+80.7%	$8.1M+379.6%	-$2.9M-120.5%	$14.1M-64.3%	$39.6M	$4.0M0.0%	$4.0M-20.0%	$5.0M0.0%	$5.0M
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

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$25.9M-12.4%	$1.5M+114.1%	$22.2M-15.1%	$22.2M-38.2%	$29.6M+33.0%	-$10.5M-292.7%	$26.1M-41.4%	$36.0M-21.6%
Depreciation & Amortization	$10.9M+6.9%	$9.2M-20.4%	$8.1M-30.1%	$9.6M-23.2%	$10.2M-27.6%	$11.5M-20.9%	$11.6M-28.6%	$12.5M-21.0%
Stock-Based Compensation	$2.8M-53.6%	$4.8M-38.6%	N/A	$5.8M-3.4%	$6.0M-5.4%	$7.7M+46.3%	N/A	$6.0M+10.1%
Capital Expenditures	$9.2M+18.3%	$6.9M-2.2%	$9.9M+12.4%	$7.6M-10.2%	$7.8M-13.2%	$7.1M-2.7%	$8.8M-15.9%	$8.5M-4.5%
Free Cash Flow	$16.7M-23.4%	-$5.5M+69.0%	$12.3M-29.0%	$14.6M-46.8%	$21.8M+64.2%	-$17.6M-854.7%	$17.3M-49.2%	$27.5M-25.7%
Investing Cash Flow	-$9.2M-18.3%	-$6.9M+4.2%	-$9.9M+88.4%	-$7.6M+10.2%	-$7.8M+13.2%	-$7.2M+0.7%	-$85.7M-717.4%	-$8.5M+4.5%
Financing Cash Flow	-$15.6M+30.3%	$2.6M-79.0%	-$14.5M-122.5%	-$13.9M+60.3%	-$22.3M-149.4%	$12.3M+888.1%	$64.7M+306.2%	-$34.9M+6.1%
Share Buybacks	N/A	N/A	$0	$5.0M	N/A	N/A	$0	$0

Not reported in any period shown, so not listed: Dividends Paid.

THRY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

THRY quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Asset Turnover	1.140.0x	1.160.0x	1.17+0.2x	1.02+0.2x	0.86-0.1x	0.91-0.1x	1.02	N/A	1.05+0.5x	0.59+0.1x	0.53	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%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	62.7%-6.9pp	65.2%-0.6pp	68.0%+2.1pp	67.7%+5.4pp	69.7%+3.3pp	65.8%0.0pp	65.9%-1.7pp	62.3%+5.9pp
Operating Margin	-0.8%-14.8pp	2.4%+4.1pp	5.3%+9.2pp	9.9%+59.2pp	14.0%+0.1pp	-1.7%-15.0pp	-3.9%	-49.3%-38.7pp
Net Margin	-11.1%-17.7pp	2.7%+8.0pp	-5.0%-9.3pp	2.8%+56.2pp	6.6%+4.1pp	-5.3%-8.9pp	4.2%	-53.4%-38.7pp
Return on Equity	-7.9%-14.4pp	2.0%+7.0pp	-4.4%-8.4pp	2.6%+104.2pp	6.5%+3.4pp	-5.0%-10.0pp	4.0%+172.7pp	-101.6%-94.8pp
Return on Assets	-2.5%-4.6pp	0.7%+2.0pp	-1.4%-2.5pp	0.8%+15.5pp	2.0%+1.3pp	-1.4%-2.4pp	1.1%+34.0pp	-14.7%-12.1pp
Current Ratio	1.00-0.2x	1.23+0.2x	1.00-0.1x	1.15+0.1x	1.20+0.1x	1.07-0.1x	1.07+0.1x	1.04-0.1x
Debt-to-Equity	0.99-0.3x	1.03-0.4x	1.08-0.3x	1.17-1.5x	1.24-0.3x	1.41-0.4x	1.38-0.4x	2.70+1.9x
Asset Turnover	0.23-0.1x	0.240.0x	0.280.0x	0.290.0x	0.310.0x	0.260.0x	0.260.0x	0.27+0.1x
FCF Margin	11.1%+0.7pp	-3.3%+6.4pp	6.4%-2.9pp	7.2%-8.0pp	10.3%+4.4pp	-9.7%-8.9pp	9.3%-5.2pp	15.3%-4.9pp

Note: The current ratio is below 1.0 (1.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Thryv Holdings, Inc. THRY	FY2025	$785.0M	$307K	0.0%	$61.3M	25/100
Jiayin Group Inc. JFIN	FY2025	$889.8M	$219.6M	24.7%	$73.8M	73/100
Zhihu Inc. ZH	FY2025	$393.1M	-$27.9M	-7.1%	$283.8M	38/100
ZipRecruiter, Inc. ZIP	FY2025	$449.0M	-$33.0M	-7.3%	$296.8M	36/100
Perion Network Ltd. PERI	FY2025	$439.9M	-$7.9M	-1.8%	$334.7M	47/100

Where Thryv Holdings, Inc. Ranks

Frequently Asked Questions

What is Thryv Holdings, Inc.'s annual revenue?

Thryv Holdings, 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 Holdings, Inc.'s revenue growing?

Thryv Holdings, Inc. (THRY) revenue declined by 4.7% year-over-year, from $824.2M to $785.0M in fiscal year 2025.

Is Thryv Holdings, Inc. profitable?

Yes, Thryv Holdings, Inc. (THRY) reported a net income of $307K in fiscal year 2025, with a net profit margin of 0.0%.

What is Thryv Holdings, Inc.'s EBITDA?

Thryv Holdings, Inc. (THRY) had EBITDA of $96.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Thryv Holdings, Inc. have?

As of fiscal year 2025, Thryv Holdings, Inc. (THRY) had $10.8M in cash and equivalents against $236.0M in long-term debt.

What is Thryv Holdings, Inc.'s gross margin?

Thryv Holdings, 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 Holdings, Inc.'s operating margin?

Thryv Holdings, 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 Holdings, Inc.'s net profit margin?

Thryv Holdings, 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 Holdings, Inc.'s return on equity (ROE)?

Thryv Holdings, 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 Holdings, Inc.'s free cash flow?

Thryv Holdings, 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 Holdings, Inc.'s operating cash flow?

Thryv Holdings, Inc. (THRY) generated $63.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Thryv Holdings, Inc.'s total assets?

Thryv Holdings, Inc. (THRY) had $688.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Thryv Holdings, Inc.'s capital expenditures?

Thryv Holdings, Inc. (THRY) invested $32.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Thryv Holdings, Inc. spend on research and development?

Thryv Holdings, Inc. (THRY) invested $39.1M in research and development during fiscal year 2025.

Does Thryv Holdings, Inc. buy back shares?

Yes, Thryv Holdings, Inc. (THRY) spent $5.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Thryv Holdings, Inc. have outstanding?

Thryv Holdings, Inc. (THRY) had 44M shares outstanding as of fiscal year 2025.

What is Thryv Holdings, Inc.'s current ratio?

Thryv Holdings, 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 Holdings, Inc.'s debt-to-equity ratio?

Thryv Holdings, 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 Holdings, Inc.'s return on assets (ROA)?

Thryv Holdings, 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 Holdings, Inc.'s P/E ratio?

Thryv Holdings, Inc. (THRY) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $61.3M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Thryv Holdings, Inc.'s price-to-sales ratio?

Thryv Holdings, Inc. (THRY) trades at 0.1x sales, its market capitalization divided by revenue of $711.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $61.3M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Thryv Holdings, Inc.'s Altman Z-Score?

Thryv Holdings, Inc. (THRY) has an Altman Z-Score of 0.33, 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 Holdings, Inc.'s Piotroski F-Score?

Thryv Holdings, 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 Holdings, Inc.'s earnings high quality?

Thryv Holdings, 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 Holdings, Inc. cover its interest payments?

Thryv Holdings, 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 Holdings, Inc.?

Thryv Holdings, Inc. (THRY) scores 25 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.