Thryv (NASDAQ:THRY) Issues Earnings Results, Beats Estimates By $0.16 EPS

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

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 Trading Down 2.2%

Shares of NASDAQ:THRY traded down $0.08 during trading on Thursday, hitting $3.58. 1,760,778 shares of the company were exchanged, 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 firm’s 50 day moving average price is $3.06 and its 200-day moving average price is $5.22.

Insider Activity at Thryv

In related news, CFO Paul D. Rouse acquired 14,000 shares of Thryv stock in a transaction dated Monday, March 2nd. The stock was acquired at an average price of $2.35 per share, for a total transaction of $32,900.00. Following the transaction, the chief financial officer owned 349,079 shares of the company’s stock, valued at $820,335.65. This represents a 4.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joe Walsh acquired 15,000 shares of Thryv stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $2.91 per share, with a total value of $43,650.00. Following the transaction, the chief executive officer directly owned 775,749 shares in the company, valued at approximately $2,257,429.59. The trade was a 1.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 45,000 shares of company stock valued at $120,250 in the last 90 days. Insiders own 9.88% of the company’s stock.

Hedge Funds Weigh In On Thryv

A number of institutional investors have recently modified their holdings of THRY. Russell Investments Group Ltd. increased its holdings in shares of Thryv by 2,516.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after acquiring an additional 2,995 shares during the period. Tower Research Capital LLC TRC increased its stake in Thryv by 526.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after buying an additional 3,562 shares during the period. Meeder Asset Management Inc. acquired a new position in Thryv in the 4th quarter valued at $59,000. Quarry LP increased its stake in Thryv by 787.2% in the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock valued at $61,000 after buying an additional 4,495 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Thryv by 98.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock valued at $68,000 after buying an additional 2,764 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

More Thryv News

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

Analyst Ratings Changes

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