THRYNasdaqServices-AdvertisingFiscal year ends December 31
Thryv Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$1.14−0.07 (-5.79%)
Close on Oct 19, 2026
- Market cap
- $50.57M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
67.9%+7.5 pts over 5 years
Operating margin
7.2%−6.5 pts over 5 years
Net margin
0.0%−13.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -4.7% | -13.2% | -6.7% | – | |
| Gross profit | -0.8% | -12.0% | -4.5% | – | |
| Operating income | – | -17.0% | -17.9% | – | |
| Net income | – | -82.2% | -71.0% | – | |
| EPS, diluted | – | -81.1% | -70.4% | – | |
| Free cash flow | -44.6% | -36.1% | -31.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2014 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 40.7% | 133.2% | 0.1% | |
| Return on assets | -17.7% | 11.5% | 0.0% | |
| Current ratio | 1.23 | 1.78 | 1.00 | |
| Debt to equity | -2.14 | 2.69 | 1.16 | |
| Net debt to EBITDA | 3.48× | 1.76× | 2.52× | |
| Interest coverage | – | 2.2× | 1.6× | |
| Capex to revenue | 1.0% | 2.5% | 4.1% | |
| Diluted shares | 17M | 34M | 44M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Thryv generated $620.68M from operations and spent $160.90M on capital expenditure, dividends and share buybacks. 97% of that went back into the business.
Generated
$620.68M
Used
$160.90M
Capital expenditure$155.40M97%Dividends$00%Share buybacks$5.50M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.0%
×Asset turnover1.12×
×Equity multiplier3.37×
=Return on equity, FY20250.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.0% | 1.12× | 3.37× | 0.1% |
| FY2024 | -9.0% | 1.10× | 4.28× | -42.5% |
| FY2023 | -28.3% | 0.94× | 3.67× | -96.9% |
| FY2022 | 4.5% | 0.97× | 3.56× | 15.6% |
| FY2021 | 9.1% | 0.89× | 4.92× | 39.7% |
| FY2020 | 13.5% | 0.85× | 11.62× | 133.2% |
| FY2014 | -20.4% | 0.87× | -2.29× | 40.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$307.00K
- Cash generatingOperating cash flow above zero$63.53M
- Return on assets improvedROA up on the prior year-9.5% → 0.0%
- Earnings backed by cashOperating cash flow above net income$63.53M vs $307.00K
- Less leverageLong-term debt to assets fell38.1% → 34.3%
- Better liquidityCurrent ratio rose1.07 → 1.00
- No dilutionShare count did not rise37M → 44M
- Gross margin improvedGross margin up on the prior year65.19% → 67.86%
- More efficientAsset turnover rose1.05 → 1.10