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Thryv Holdings, Inc. provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States. It operates in two segments, Thryv Marketing Services and Thryv SaaS. The company provides print yellow pages, internet yellow pages, search engine marketing, and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools. It also offers command center that enables SMBs to centralize all their communication through a modular, expandable, and customizable platform; and business center, a SMB day-to-day business operation, including customer relationship management, appointment scheduling, estimate and invoice creation, payments, document management, social media content, and online review management. In addition, the company provides marketing center, a marketing and advertising platform for AutoID, enhanced online presence, omni-channel paid campaigns, and marketing tools; Thryv Add-ons, which offers AI-assisted website development, SEO tools, google business profile optimization, Thryv Leads, and Hub by Thryv; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH. Further, it provides Keap, a sales and marketing automation engine that helps small businesses. The company was formerly known as Dex Media Holdings, Inc. Thryv Holdings, Inc. was incorporated in 2012 and is headquartered in Grapevine, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $785M | $91M | $0M | $31M | 0.1% | -4.7% | -100.4% |
| 2024 | $824M | $34M | $-74M | $56M | -37.7% | -10.1% | -71.4% |
| 2023 | $917M | $-136M | $-259M | $115M | -169.8% | -23.7% | -577.1% |
| 2022 | $1.2B | $248M | $54M | $119M | 14.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,202.39 | 916.96 | 824.16 | 785.02 |
| Operating Revenue | - | 1,202.39 | 916.96 | 824.16 | 785.02 |
| Cost Of Revenue | - | 422.01 | 338.71 | 286.92 | 252.30 |
| Gross Profit | - | 780.38 | 578.25 | 537.24 | 532.71 |
| Operating Expense | - | 578.84 | 509.42 | 487.44 | 476 |
| Research And Development | - | - | 12.74 | 15.71 | 39.11 |
| Selling General And Administration | - | 578.84 | 496.68 | 471.73 | 436.89 |
| Total Expenses | - | 1,000.84 | 848.13 | 774.36 | 728.31 |
| Operating Income | - | 201.54 | 68.83 | 49.80 | 56.71 |
| Total Operating Income As Reported | - | 99.32 | -200.02 | -33.30 | 56.71 |
| EBITDA | - | 247.77 | -135.56 | 33.56 | 91.26 |
| Normalized EBITDA | - | 350 | 133.28 | 116.66 | 91.26 |
| EBIT | - | 159.38 | -198.82 | -19.23 | 51.80 |
| Interest Expense | - | 60.41 | 61.73 | 46.77 | 34.76 |
| Net Interest Income | - | -60.41 | -61.73 | -46.77 | -34.76 |
| Other Non Operating Income Expenses | - | 60.06 | 1.20 | 14.07 | -4.91 |
| Other Income Expense | - | -42.16 | -267.64 | -69.02 | -4.91 |
| Interest Expense Non Operating | - | 60.41 | 61.73 | 46.77 | 34.76 |
| Net Non Operating Interest Income Expense | - | -60.41 | -61.73 | -46.77 | -34.76 |
| Pretax Income | - | 98.98 | -260.54 | -66 | 17.04 |
| Tax Provision | - | 44.63 | -1.25 | 8.22 | 16.74 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -21.47 | -1.34 | -17.45 | 0 |
| Net Income Continuous Operations | - | 54.35 | -259.30 | -74.22 | 0.31 |
| Net Income From Continuing And Discontinued Operation | - | 54.35 | -259.30 | -74.22 | 0.31 |
| Net Income From Continuing Operation Net Minority Interest | - | 54.35 | -259.30 | -74.22 | 0.31 |
| Net Income | - | 54.35 | -259.30 | -74.22 | 0.31 |
| Net Income Common Stockholders | - | 54.35 | -259.30 | -74.22 | 0.31 |
| Net Income Including Noncontrolling Interests | - | 54.35 | -259.30 | -74.22 | 0.31 |
| Normalized Income | - | 135.10 | 8.21 | -8.57 | 0.31 |
| Diluted NI Availto Com Stockholders | - | 54.35 | -259.30 | -74.22 | 0.31 |
| Basic Average Shares | - | 34.34 | 34.72 | 37.14 | 43.62 |
| Diluted Average Shares | - | 36.51 | 34.72 | 37.14 | 44.48 |
| Reconciled Depreciation | - | 88.39 | 63.25 | 52.79 | 39.46 |
| Reconciled Cost Of Revenue | - | 422.01 | 338.71 | 286.92 | 252.30 |
| Total Unusual Items | - | -102.22 | -268.85 | -83.09 | 0 |
| Total Unusual Items Excluding Goodwill | - | -102.22 | -268.85 | -83.09 | 0 |
| Special Income Charges | - | -102.22 | -268.85 | -83.09 | 0 |
| Write Off | - | 102.22 | 268.85 | 83.09 | 0 |
| Impairment Of Capital Assets | 3.61 | - | - | - | - |
| General And Administrative Expense | - | 216.41 | 208.88 | 217.30 | 211.20 |
| Other Gand A | - | 216.41 | 208.88 | 217.30 | 211.20 |
| Salaries And Wages | -14.83 | -44.61 | -2.72 | - | - |
| Selling And Marketing Expense | - | 362.43 | 287.80 | 254.43 | 225.69 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Thryv Holdings, Inc.this co. | THRY | $169M | 548.95↑ premium | 0.77 | 0.1% | 4.51 |
| Information Services Group, Inc. | III | $208M | 22.23 | 2.19 | 9.9% | 10.77 |
| eGain Corporation | EGAN | $207M | 6.41 | 2.56 | 40.0% | 25.25 |
| ReposiTrak, Inc. | TRAK | $183M | 26.28 | 3.70 | 14.1% | 17.22 |
| Domo, Inc. | DOMO | $175M | - |
| - |
| - |
| - |
| - |
| - |
| - |
| 31.9% |
| - |
| SunPower Inc. | SPWR | $159M | - | - | 50.3% | - |
| Nerdy Inc. | NRDY | $158M | -3.97 | 8.33 | -210.0% | -2.40 |
| Tucows Inc. | TCX | $153M | -2.01 | -0.93 | 46.2% | 18.01 |
| MicroVision, Inc. | MVIS | $143M | -1.50 | 2.57 | -171.0% | -2.08 |
| Peer Median | - | 2.45 | 2.56 | 23.0% | 14.00 | |