Thryv Holdings (THRY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Thryv Holdings

NasdaqCM•Technology•Software - Application

$1.85-0.11(-0.05%)After hours

Market Cap

$86.72M

P/S

0.1x

P/B

0.4x

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 has a strategic partnership with Wix.com Ltd. to deliver integrated technology solutions to service-based small and medium businesses across the North America and globally. The company was formerly known as Dex Media Holdings, Inc. Thryv Holdings, Inc. was incorporated in 2012 and is headquartered in Grapevine, Texas.

How this company scores

AverageMetricSide Score: 47/100

Strongest: Cash & Earnings Quality (14/25); weakest: Growth (10/25).

Profitability10/25

Growth10/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality14/25

Strengths

Rising earningsCash-backed earningsProfit converts from growthImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 7.8x5y range 4.1x – 866.0x

Currently below its 10-quarter median.

P/S · 0.1x5y range 0.1x – 1.3x

Currently below its 20-quarter median.

P/B · 0.4x5y range 0.4x – 6.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $86.72M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $711.59M
Q. Revenue: $150.73M
TTM EBITDA: $70.93M
TTM Op. Income: $33.12M
Q. Op. Income: $-1.14M
TTM Net Income: $-16.12M
Q. Net Income: $-16.66M
EPS: $-0.38
Shares Out.: $44.36M

$711.59M in TTM revenue declined 6.2% YoY, reaching $150.73M last quarter. TTM EBITDA of $70.93M and TTM operating income of $33.12M show growth is flowing through to the bottom line. However, net income is negative at $16.12M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 62.7%
EBITDA Margin: 6.5%
Op. Margin: -0.8%
Net Margin: -11.1%

Op. margin of -0.8% is down 14.8% YoY — costs are rising relative to revenue. Net margin at -11.1% and gross margin of 62.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 4 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.1x
P/B Ratio: 0.4x

P/S of 0.1x and P/B of 0.4x. P/S is low relative to typical market levels. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $654.13M
Cash: $9.14M
Long-Term Debt: $208.73M
Book Value: $211.56M
D/E Ratio: 1.0
Debt/EBITDA: 21.4

With $654.13M in assets and $208.73M in long-term debt, D/E is 1.0and book value is $211.56M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $25.88M
TTM Free Cash Flow: $38.15M
FCF Margin: 5.4%
FCF / Net Income: -2.4

TTM FCF of $38.15M on $25.88M in operating cash flow. The FCF / Net Income ratio of -2.4x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 22% — a weakening trend.