Thryv Holdings, Inc. (NASDAQ:THRY) (“Thryv” or the “Company”), the provider of Thryv®, the leading small business marketing and sales software platform, reported an increase in SaaS revenue o...
Autore: Business Wire
– Q4 SaaS Revenue Grows to over 62% of Total Revenue
– 2025 SaaS Adjusted EBITDA Margin Expands 400 Basis Points Year-Over-Year
– Q4 SaaS Monthly ARPU Increases 15% Year-Over-Year to $373
– Q4 Marketing Center Revenue Growth of Over 50% Year-Over-Year
DALLAS: Thryv Holdings, Inc. (NASDAQ:THRY) (“Thryv” or the “Company”), the provider of Thryv®, the leading small business marketing and sales software platform, reported an increase in SaaS revenue of 14% year-over-year in the fourth quarter of 2025 and grew 34% year-over-year for the full year 2025.
Fourth Quarter Financial 2025 Highlights:
Full-Year 2025 Financial Highlights:
Recent Business Highlights and Metrics
“We delivered solid full-year 2025 results, with SaaS revenue growth of 34% year-over-year and SaaS Adjusted EBITDA margin of 16.0%,” said Joe Walsh, Thryv Chairman and CEO. “During the year, we have successfully transitioned from legacy print and marketing services into a leading SMB software company, with SaaS revenue now contributing over 62% of total revenue. Looking ahead, we are shifting to a unified growth offering enabled by AI-the Thryv Platform-designed to help small businesses market, sell, and grow.”
Earnings Conference Call Information
Thryv will host a conference call on Thursday, February 26, 2026 at 8:30 a.m. (Eastern Time) to discuss the Company's fourth quarter 2025 results and outlook.
To listen to this conference call, please use this link. After registering, a confirmation email will be sent, including access details. We recommend registering a day in advance or at a minimum thirty minutes prior to the start of the call. A live webcast will also be available on the Investor Relations section of the Company's website at investor.thryv.com.
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1 | Defined as Gross profit adjusted to exclude the impact of depreciation and amortization expense and stock-based compensation expense. | |
2 | Defined as net cash provided by operating activities minus additions to fixed assets and capitalized software. | |
3 | Excludes customers and revenue attributed to the Keap acquisition. | |
4 | Seasoned NRR is calculated by dividing the revenue of all clients that have had one or more SaaS offerings for at least two years as of the last month of the year or quarter, as applicable, by the same clients' revenue one year ago. Seasoned NRR excludes clients acquired in the Keap acquisition. | |
5 | Defined as total client billings for a particular month divided by the number of clients that have one or more revenue-generating solutions in that same month. This is a weighted-average calculation and inclusive of the impact from the Keap acquisition. | |
Thryv Holdings, Inc. and Subsidiaries | ||||||||||||||||
Consolidated Statements of Operations and Comprehensive (loss) Income | ||||||||||||||||
| Three Months Ended |
| Years Ended | |||||||||||||
| December 31, |
| December 31, | |||||||||||||
(in thousands, except share and per share data) | 2025 |
| 2024 |
| 2025 |
| 2024 | |||||||||
Revenue | $ | 191,619 |
|
| $ | 186,596 |
|
| $ | 785,015 |
|
| $ | 824,156 |
| |
Cost of services |
| 61,282 |
|
|
| 63,569 |
|
|
| 252,305 |
|
|
| 286,919 |
| |
Gross profit |
| 130,337 |
|
|
| 123,027 |
|
|
| 532,710 |
|
|
| 537,237 |
| |
|
|
|
|
|
|
|
| |||||||||
Operating expenses: |
|
|
|
|
|
|
| |||||||||
Sales and marketing |
| 52,146 |
|
|
| 61,534 |
|
|
| 225,692 |
|
|
| 254,433 |
| |
Research and development |
| 9,473 |
|
|
| 6,628 |
|
|
| 39,111 |
|
|
| 15,713 |
| |
General and administrative |
| 58,554 |
|
|
| 62,067 |
|
|
| 211,198 |
|
|
| 217,296 |
| |
Impairment charges |
| - |
|
|
| - |
|
|
| - |
|
|
| 83,094 |
| |
Total operating expenses |
| 120,173 |
|
|
| 130,229 |
|
|
| 476,001 |
|
|
| 570,536 |
| |
|
|
|
|
|
|
|
| |||||||||
Operating income (loss) |
| 10,164 |
|
|
| (7,202 | ) |
|
| 56,709 |
|
|
| (33,299 | ) | |
Other income (expense): |
|
|
|
|
|
|
| |||||||||
Interest expense |
| (5,548 | ) |
|
| (4,940 | ) |
|
| (23,430 | ) |
|
| (36,494 | ) | |
Interest expense, related party |
| (2,600 | ) |
|
| (4,783 | ) |
|
| (11,328 | ) |
|
| (10,277 | ) | |
Net periodic pension (cost) benefit |
| (6,606 | ) |
|
| 29,549 |
|
|
| (8,817 | ) |
|
| 24,806 |
| |
Other income (expense) |
| 278 |
|
|
| (3,163 | ) |
|
| 3,909 |
|
|
| (10,734 | ) | |
(Loss) income before income tax expense |
| (4,312 | ) |
|
| 9,461 |
|
|
| 17,043 |
|
|
| (65,998 | ) | |
Income tax expense |
| (5,348 | ) |
|
| (1,578 | ) |
|
| (16,736 | ) |
|
| (8,218 | ) | |
Net (loss) income | $ | (9,660 | ) |
| $ | 7,883 |
|
| $ | 307 |
|
| $ | (74,216 | ) | |
Other comprehensive (loss) income: |
|
|
|
|
|
|
| |||||||||
Foreign currency translation adjustment, net of tax |
| (39 | ) |
|
| (882 | ) |
|
| (570 | ) |
|
| 250 |
| |
Comprehensive (loss) income | $ | (9,699 | ) |
| $ | 7,001 |
|
| $ | (263 | ) |
| $ | (73,966 | ) | |
|
|
|
|
|
|
|
| |||||||||
Net (loss) income per common share: |
|
|
|
|
|
|
| |||||||||
Basic | $ | (0.22 | ) |
| $ | 0.19 |
|
| $ | 0.01 |
|
| $ | (2.00 | ) | |
Diluted | $ | (0.22 | ) |
| $ | 0.19 |
|
| $ | 0.01 |
|
| $ | (2.00 | ) | |
|
|
|
|
|
|
|
| |||||||||
Weighted-average shares used in computing basic and diluted net (loss) income per common share: |
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|
|
|
|
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