NASDAQ$THRY

Thryv Holdings Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Thryv Holdings reported Q3 2025, revenue of $201.6M, net income of $5.7M.

For Q3 2025, Thryv Holdings reported revenue of $201.6M, net income of $5.7M. The filing highlights segment trends, liquidity, and management commentary on the period.

  • Revenue $201.6M.
  • Net income $5.7M.
  • Thryv Holdings discusses capital allocation and near-term priorities.

Headline financials

Total Revenue

$202M

Previous: $180M+12.1%
EPS (adj)

$0.13

Previous: -$2.65+104.9%
SaaS Adj EBITDA Margin

16.9%

Previous: 11.8%+43.2%
SaaS revenue ex-Keap

$99.1M

No prior period
Consolidated Adjusted EBITDA

$40.8M

Previous: $19.6M+108.1%
Consolidated Adj EBITDA Margin

20.3%

Previous: 10.9%+86.2%
SaaS Adjusted EBITDA

$19.6M

Previous: $10.3M+89.9%
Marketing Services Adj EBITDA

$21.2M

Previous: $9.31M+128.2%
Marketing Services Adj EBITDA Margin

24.8%

Previous: 10.0%+148.0%
Consolidated Adjusted Gross Profit

$140M

Previous: $117M+20.1%
Consolidated Gross Margin

67.7%

Previous: 62.3%+8.7%
Consolidated Adj Gross Margin

69.6%

Previous: 65.0%+7.1%
SaaS Gross Profit

$82.4M

Previous: $60.6M+36.0%
SaaS Gross Margin

71.1%

Previous: 69.6%+2.2%
SaaS Adjusted Gross Profit

$84.6M

Previous: $62.9M+34.5%
SaaS Adj Gross Margin

73.0%

Previous: 72.2%+1.1%
Marketing Services Gross Profit

$54.1M

Previous: $51.4M+5.2%
Marketing Services Gross Margin

63.1%

Previous: 55.4%+13.9%
Marketing Services Adj Gross Profit

$55.7M

Previous: $54M+3.2%
Marketing Services Adj Gross Margin

65.0%

Previous: 58.1%+11.9%
SaaS Clients

103.0K

Previous: 96.3K+7.0%
Seasoned NRR

94.0%

No prior period
SaaS Monthly ARPU

$365.00

Previous: $306.00+19.3%
Net Income

$5.65M

Previous: -$96.1M+105.9%
Operating Income

$20M

Previous: -$88.6M+122.6%
Gross Profit

$136M

Previous: $112M+21.9%

Revenue & EPS history

Thryv · Revenue · Quarterly

$202M

Q3 2025+12.1%vs Q3 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Thryv · $210M total across 2 segments · Q2 2025

  • SaaS
    $115M—
  • Marketing Services
    $95.5M—

Forward guidance

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter.
  • Balance sheet and liquidity support ongoing operations.
  • Strategic initiatives cited in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-2.5%

Avg return

Earnings day

-2.9%

Avg return

5 days after

-1.6%

Avg return

30 days after

44%

12 / 27 earnings

Positive

+12.0%

Q3 2023

Best reaction

-46.6%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-2.2%+4.1%+6.0%
Q4 2025-46.6%-25.0%-36.5%
Q3 2025-30.8%-43.7%-51.9%
Q1 2025-9.2%-1.3%-2.9%
Q4 2024-6.1%-9.5%-27.7%
Q3 2024-7.8%-7.0%+2.5%
Q2 2024-6.9%-14.8%-6.5%
Q1 2024-9.2%-9.3%-11.0%
Q4 2023-5.9%-3.7%+4.6%
Q3 2023+12.0%+13.3%+12.5%
Q2 2023+1.9%+3.5%-12.4%
Q1 2023-4.8%-7.8%+9.2%
Q4 2022-0.5%-2.7%-9.4%
Q3 2022-12.1%-7.5%-6.4%
Q2 2022+6.1%+9.1%+1.4%
Q1 2022+2.5%-5.1%-2.9%
Q4 2021-0.1%+4.4%-4.2%
Q3 2021+9.8%+9.7%+15.6%
Q2 2020-2.8%-9.2%-14.2%
Q2 2021-2.8%-9.2%-14.2%
Q1 2020+11.5%+8.5%+27.6%
Q1 2021+11.5%+8.5%+27.6%
Q4 2020+6.5%+4.1%+18.0%
Q4 2018+6.5%+4.1%+18.0%
Q3 2020+3.5%+2.3%+4.5%
Q4 2019+3.5%+2.3%+4.5%
Q3 2019+3.5%+2.3%+4.5%
Q4 2017———
Q3 2017———
Q1 2017———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q3 2012———
Q2 2012———
Q2 2013———
Q1 2013———
Q4 2012———

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