Welcome to our dedicated page for Thryv Hldgs SEC filings (Ticker: THRY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Thryv Holdings, Inc. filings document the operating results, governance and compensation matters of a public software and marketing-services company serving small businesses. Form 8-K reports furnish quarterly and annual earnings releases, Regulation FD investor presentations and segment information for Thryv SaaS, Marketing Center and Marketing Services, including revenue trends, adjusted EBITDA measures and customer monetization metrics such as ARPU.
Proxy materials disclose board and shareholder voting matters, executive compensation, equity awards and pay-versus-performance information. Other current reports cover compensatory arrangements for named executive officers and related governance disclosures tied to the company’s management and retention programs.
Thryv Holdings, Inc. President Grant Freeman reported an acquisition of 20,339 common shares through a stock award, with no cash paid per share. These shares relate to performance stock units granted in January 2023 whose performance criteria were certified on February 18, 2026. Following this award, Freeman directly holds 276,772 common shares.
Thryv Holdings, Inc. executive John F. Wholey, Executive VP of Operations, reported an acquisition of 20,406 shares of common stock through a grant or award. The award represents performance stock units originally granted on January 5, 2023, whose performance criteria were certified on February 18, 2026. After this transaction on February 27, 2026, Wholey directly owns 318,426 shares of Thryv common stock.
Thryv Holdings, Inc. reported that company officer Lesley Bolger acquired 22,884 shares of common stock through a grant classified as a "grant, award, or other acquisition." The grant relates to performance stock units awarded on January 5, 2023, whose performance criteria were certified on February 18, 2026.
After this award, Bolger directly owns 223,973 shares of Thryv common stock. The transaction carried a stated price of $0.0000 per share, reflecting that this was an equity incentive award rather than an open-market purchase.
Thryv Holdings reported mixed Q4 2025 results and issued a significantly lower 2026 outlook. Q4 SaaS revenue rose to $118,990,000, up 14.1%, while Marketing Services revenue fell 11.7% to $72,629,000, bringing consolidated revenue to $191,619,000, up 2.7%.
Q4 consolidated Adjusted EBITDA increased to $38,880,000 from $29,380,000, but results swung to a net loss of $9,660,000 versus prior-year net income of $7,883,000. For 2025, SaaS revenue grew to $461,027,000, while Marketing Services declined to $323,988,000, with total revenue of $785,015,000 and Adjusted EBITDA of $151,846,000.
The company highlights a strategic shift toward its AI-enabled unified "Market, Sell and Grow" platform. For 2026, it guides to total revenue of $611,000,000–$631,000,000 and Adjusted EBITDA of $100,000,000–$110,000,000, both notably below 2025 levels.
Thryv Holdings presents an annual overview of its shift from legacy print and digital directories to a software‑as‑a‑service model for small and medium‑sized businesses. The company now serves about 230,000 SMB clients through two segments, with Marketing Services contributing 41.3% of 2025 revenue but slated for full exit by 2028.
Management highlights the Thryv Platform, Keap CRM and automation, embedded AI, and proprietary payment solutions as its growth engine, supported by a large nationwide sales force and growing international footprint. As of December 31, 2025, Thryv had roughly 171,000 Marketing Services clients and 2,729 employees, and it emphasizes cash flow generation, debt reduction, and selective acquisitions while noting extensive competitive, technology, AI, regulatory, and execution risks.
Thryv Holdings, Inc. reported strong 2025 progress in shifting to a software‑driven model. SaaS revenue rose to $461.0 million, up 34.2% year‑over‑year, while Marketing Services revenue declined 32.6% to $324.0 million, leading consolidated revenue to slip 4.7% to $785.0 million.
The company moved from a net loss of $74.2 million in 2024 to net income of $0.3 million in 2025, or $0.01 per diluted share. Consolidated Adjusted EBITDA was $151.8 million with a 19.3% margin. SaaS Adjusted EBITDA reached $73.8 million with a 16.0% margin, while Marketing Services Adjusted EBITDA was $78.0 million and a 24.1% margin.
SaaS revenue represented over 62% of total revenue in Q4 2025. Key operating metrics included 100 thousand SaaS clients, Seasoned Net Revenue Retention of 94%, and Q4 SaaS monthly ARPU of $373, up 15% year‑over‑year. Operating cash flow was $63.5 million and Free Cash Flow was $31.1 million.
Thryv Holdings Chairman and CEO Joe Walsh reported routine share withholdings to cover taxes on restricted stock unit vesting. On February 5, 2026, the issuer withheld 958 common shares at $3.89 per share, leaving Walsh with 735,126 directly held shares.
On February 6, 2026, the issuer withheld another 1,167 common shares at $3.90 per share, after which Walsh directly held 733,959 common shares. He also beneficially owns 1,625,206 common shares indirectly through a trust.
Thryv Holdings, Inc. reported that Massachusetts Financial Services Company (MFS) has filed an amended Schedule 13G showing a significant ownership position in its common stock. As of December 31, 2025, MFS beneficially owned 2,822,888 shares of Thryv common stock, representing 6.5% of the outstanding class.
MFS reports sole power to vote and dispose of all these shares, with no shared voting or dispositive authority. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Thryv.
Thryv Holdings, Inc. disclosed that its Compensation Committee approved a one-time cash retention bonus program for certain critical employees, including named executive officers. Each participating executive is eligible for a Retention Bonus equal to 50% of their annual base salary, paid in two parts if they remain employed and perform satisfactorily.
The first payment, equal to 60% of the Retention Bonus, is scheduled to be paid as soon as administratively possible after August 31, 2026, and no later than 60 days after that date. The second payment, equal to 40% of the Retention Bonus, will be paid on a similar basis following August 31, 2027. The terms are set out in a Form of Retention Agreement filed as an exhibit.
BlackRock, Inc. filed an amended beneficial ownership report stating that it beneficially owns 2,756,510 shares of Thryv Holdings, Inc. common stock, representing 6.3% of the outstanding class as of the event date of 12/31/2025.
BlackRock reports sole voting power over 2,708,993 of these shares and sole dispositive power over the full 2,756,510 shares, with no shared voting or dispositive power. The filing clarifies that various underlying clients have rights to dividends or sale proceeds, but no single client has more than five percent of Thryv’s outstanding common shares. BlackRock certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Thryv.
BlackRock, Inc. filed an amended beneficial ownership report stating that it beneficially owns 2,756,510 shares of Thryv Holdings, Inc. common stock, representing 6.3% of the outstanding class as of the event date of 12/31/2025.
BlackRock reports sole voting power over 2,708,993 of these shares and sole dispositive power over the full 2,756,510 shares, with no shared voting or dispositive power. The filing clarifies that various underlying clients have rights to dividends or sale proceeds, but no single client has more than five percent of Thryv’s outstanding common shares. BlackRock certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Thryv.