Thryv (NASDAQ:THRY) Issues Quarterly Earnings Results, Misses Expectations By $0.62 EPS

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

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 Stock Performance

THRY stock traded up $0.10 during trading on Friday, hitting $2.20. 1,745,318 shares of the company’s stock traded hands, compared to its average volume of 1,038,841. The stock has a market capitalization of $95.66 million, a price-to-earnings ratio of 5.39 and a beta of 0.87. Thryv has a 52 week low of $1.91 and a 52 week high of $17.45. The stock has a fifty day moving average price of $4.88 and a two-hundred day moving average price of $8.19. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of THRY. AQR Capital Management LLC raised its stake in Thryv by 11.0% during the first quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock worth $895,000 after acquiring an additional 6,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Thryv by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock valued at $288,000 after purchasing an additional 1,351 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Thryv by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock worth $4,818,000 after purchasing an additional 119,167 shares during the period. Creative Planning acquired a new stake in shares of Thryv during the 2nd quarter worth approximately $271,000. Finally, Rhumbline Advisers lifted its holdings in shares of Thryv by 6.6% in the 2nd quarter. Rhumbline Advisers now owns 109,034 shares of the company’s stock worth $1,326,000 after purchasing an additional 6,773 shares during the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on THRY shares. Needham & Company LLC dropped their target price on Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a research note on Monday, December 29th. B. Riley Financial dropped their price objective on Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. William Blair cut Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Finally, Craig Hallum downgraded shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Thryv Company Profile

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.