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 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Thryv · $184M total across 2 segments · Q3 2023

  • Marketing Services
    $117M-48.0%
  • SaaS
    $67.4M+19.1%

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 20 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
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 2018+6.5%+4.1%+18.0%
Q4 2020+6.5%+4.1%+18.0%
Q3 2020+3.5%+2.3%+4.5%
Q3 2019+3.5%+2.3%+4.5%
Q4 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 2012
Q3 2013
Q2 2013
Q2 2012
Q1 2013
Q4 2012

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