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

Thryv (NASDAQ:THRY) posted its quarterly earnings data on Thursday. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.62), FiscalAI reports. The company had revenue of $191.62 million during the quarter, compared to the consensus estimate 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 Down 46.4%

NASDAQ:THRY traded down $1.82 on Thursday, hitting $2.10. 6,548,924 shares of the company’s stock were exchanged, compared to its average volume of 1,021,336. The firm has a 50-day moving average price of $4.96 and a 200-day moving average price of $8.23. Thryv has a 52 week low of $2.06 and a 52 week high of $20.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $91.52 million, a P/E ratio of 5.12 and a beta of 0.87.

Institutional Trading of Thryv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in Thryv by 2,101.2% in the fourth quarter. Millennium Management LLC now owns 740,909 shares of the company’s stock valued at $4,482,000 after purchasing an additional 707,250 shares in the last quarter. Jane Street Group LLC grew its position in shares of Thryv by 842.1% during the 4th quarter. Jane Street Group LLC now owns 653,650 shares of the company’s stock worth $3,955,000 after purchasing an additional 584,269 shares in the last quarter. HRT Financial LP acquired a new position in Thryv in the 4th quarter valued at $1,921,000. Charles Schwab Investment Management Inc. raised its holdings in Thryv by 35.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company’s stock valued at $6,975,000 after acquiring an additional 302,723 shares in the last quarter. Finally, Trexquant Investment LP lifted its position in shares of Thryv by 171.8% during the 4th quarter. Trexquant Investment LP now owns 415,302 shares of the company’s stock valued at $2,513,000 after acquiring an additional 262,482 shares during the period. Institutional investors own 96.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on THRY. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. William Blair downgraded shares of Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, Craig Hallum cut shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.50.

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.