I have remained bullish on Thryv Holdings, Inc. ( THRY ) stock over the past year, even reiterating my stance post-Q2 earnings where I recognized the improving fundamentals in the business. MyAn individual investor primarily focused on undercovered companies, with up to 100 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Through my years of analyzing cou ...

I have remained bullish on Thryv Holdings, Inc. ( THRY ) stock over the past year, even reiterating my stance post-Q2 earnings where I recognized the improving fundamentals in the business. MyAn individual investor primarily focused on undercovered companies, with up to 100 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Through my years of analyzing cou ...

Group 1 - William Blair analyst Arjun Bhatia downgraded Thryv Holdings (THRY) to Market Perform from Outperform without a price target [1] - The downgrade is attributed to "challenging growth dynamics" in the company's software-as-a-service business that emerged last quarter [1] - Thryv is entering a transition period for the next several quarters as it builds its self-serve customer acquisition motion [1] Group 2 - Limited near-term visibility into the company's growth dynamics is now observed by the analyst [1]

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Thryv Holdings, Inc. (THRY) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to a loss of $2.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -46.51%. A quarter ago, it was expected that this company would post earnings of $0.46 per share when it actually produced earnings of $0.42, delivering a surprise of -8.7%.Over the last four quarters, the compa ...

Thryv (NasdaqCM:THRY) Q3 2025 Earnings Call October 30, 2025 08:30 AM ET Speaker4Ladies and gentlemen, thank you for joining us and welcome to the Thryv third quarter 2025 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please raise your hand. If you've dialed in to today's call, please press Star 9 to raise your hand and Star 6 to unmute your line when prompted. I will now hand the conference over to Cameron Lessard, Vice Presi ...

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Laughing Water Capital, an investment management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter of 2025, Laughing Water Capital declined approximately -1% net of all expenses, bringing year-to-date returns to approximately -2.7%. The SP500TR and R2000 returned 12.4% and 8.1% respectively, in the quarter, and 14.8% and 10.4%, respectively, for YTD. In addition, you can check the fund’s top 5 holdings to determine its best picks for ...

Financial Performance - Revenue for the three months ended September 30, 2025, was $201,555,000, an increase from $179,852,000 in the same period of 2024, representing a growth of approximately 12.3%[12] - Gross profit for the three months ended September 30, 2025, was $136,465,000, compared to $111,981,000 in 2024, indicating a year-over-year increase of about 22%[12] - Operating income for the three months ended September 30, 2025, was $20,039,000, a significant improvement from an operating loss of $88,569,000 in the same quarter of 2024[12] - Net income for the three months ended September 30, 2025, was $5,654,000, compared to a net loss of $96,071,000 in the prior year, marking a turnaround in profitability[12] - The company reported a basic net income per share of $0.13 for the three months ended September 30, 2025, compared to a loss of $2.65 per share in the same period of 2024[12] - For the nine months ended September 30, 2025, the company reported a net income of $9.967 million, a significant improvement compared to a net loss of $82.099 million in the same period of 2024[22] Assets and Liabilities - Total current assets decreased to $193,924,000 as of September 30, 2025, down from $210,720,000 at the end of 2024[14] - Total assets as of September 30, 2025, were $701,799,000, a slight decrease from $712,165,000 at the end of 2024[14] - Total liabilities decreased to $480,723,000 as of September 30, 2025, compared to $515,245,000 at the end of 2024, reflecting improved financial health[14] - As of September 30, 2025, total stockholders' equity increased to $221,076, up from $214,884 as of June 30, 2025, reflecting a growth of approximately 2.8%[16] - The accumulated deficit as of September 30, 2025, was $(562,451), an increase from $(580,301) as of September 30, 2024, indicating a reduction in the deficit[18] - The company's total debt obligations as of September 30, 2025, were $268,181,000, down from $284,337,000 as of December 31, 2024, indicating a decrease of about 5.7%[71] Cash Flow and Operating Activities - Net cash provided by operating activities for the nine months ended September 30, 2025, was $41.321 million, down from $63.640 million in 2024, reflecting a decrease of approximately 35%[22] - The company’s total cash, cash equivalents, and restricted cash at the end of the period was $13.108 million, a decrease from $13.874 million at the end of September 2024[32] - Cash paid for interest decreased to $24.152 million in the nine months ended September 30, 2025, compared to $35.299 million in the same period of 2024, reflecting a reduction of approximately 31.5%[22] Acquisitions and Market Strategy - The company completed the acquisition of Infusion Software, Inc. d/b/a Keap for $77.0 million in cash, enhancing its SaaS offerings and customer relationships[42] - Thryv acquired Keap to enhance its market share in the SaaS industry, financing the acquisition through a public offering of 5,715,000 shares, generating net proceeds of $76.8 million and borrowing $5.5 million[43] - The company is focused on transitioning Marketing Services clients to the Thryv Platform and expanding its market presence, which is critical for future growth[10] - The company faces significant competition in its Marketing Services and SaaS offerings, which could impact its ability to maintain profitability and manage growth effectively[10] Stock and Compensation - The total number of common shares outstanding increased to 71,731,803 as of September 30, 2025, from 63,840,032 as of September 30, 2024, representing an increase of approximately 12.4%[18] - The additional paid-in capital rose to $1,296,216 as of September 30, 2025, compared to $1,177,078 as of September 30, 2024, marking an increase of about 10.1%[18] - Stock-based compensation expense for the three months ended September 30, 2025, was $5,807, compared to $6,011 for the same period in 2024, showing a decrease of approximately 3.4%[18] - The nonvested balance of Performance-Based Restricted Stock Units (PSUs) was 1,541,369, with a weighted-average grant-date fair value of $17.92[98] Segment Performance - SaaS segment revenue for the nine months ended September 30, 2025, was $342,037 thousand, up 43.1% from $239,171 thousand in the same period of 2024[124] - Marketing Services segment revenue decreased to $251,359 thousand for the nine months ended September 30, 2025, down 37.0% from $398,389 thousand in the same period of 2024[124] - Total segment adjusted EBITDA for the three months ended September 30, 2025, was $40,833 thousand, compared to $19,623 thousand for the same period in 2024, representing a 107.5% increase[125] Foreign Currency and Tax - The company recognized foreign currency translation adjustments resulting in an accumulated other comprehensive loss of $(15,472) thousand as of September 30, 2025, compared to $(14,059) thousand in 2024[120] - The effective tax rate for the three months ended September 30, 2025, was 50.7%, compared to 5.3% for the same period in 2024[109]

Revenue Growth - SaaS revenue increased by 33% year-over-year to $115.9 million in Q3 2025[6] - Consolidated total revenue rose by 12% year-over-year to $201.6 million[6] - Total revenue for the three months ended September 30, 2025, was $201.555 million, an increase from $179.852 million in the same period of 2024, representing a growth of 12.1%[28] - SaaS revenue for the nine months ended September 30, 2025, was $342,037, a 43.0% increase from $239,171 in 2024[15] - Marketing Services revenue for the nine months ended September 30, 2025, was $251,359, a decrease of 36.9% from $398,389 in 2024[15] - For the nine months ended September 30, 2025, total revenue reached $593.396 million, compared to $637.560 million for the same period in 2024, reflecting a decrease of 6.9%[29] Profitability - Consolidated net income was $5.7 million, compared to a net loss of $96.1 million in Q3 2024[6] - Net income for the nine months ended September 30, 2025, was $9,967, compared to a net loss of $82,099 for the same period in 2024[14] - Net income for the three months ended September 30, 2025, was $5.654 million, a recovery from a net loss of $96.071 million in the same period of 2024[28] - The company reported a net income margin of 1.7% for the nine months ended September 30, 2025, compared to a net loss margin of 12.9% for the same period in 2024[29] Cash Flow and Expenses - Cash flows from operating activities for the nine months ended September 30, 2025, were $41,321, down from $63,640 in 2024[14] - The company incurred $24,152 in cash paid for interest during the nine months ended September 30, 2025, compared to $35,299 in 2024[14] - Free Cash Flow for the three months ended September 30, 2025, was $14.610 million, compared to $27.480 million in the same period of 2024, showing a decrease of 46.8%[25] - Cash, cash equivalents, and restricted cash at the end of the period were $13,108, down from $13,874 at the end of the same period in 2024[14] Adjusted Metrics - Consolidated Adjusted EBITDA for Q3 2025 was $40.8 million, representing a margin of 20.3%[6] - Adjusted EBITDA for the three months ended September 30, 2025, was $40,833, up 108.1% from $19,623 in 2024[21] - Adjusted Gross Profit for the three months ended September 30, 2025, was $140.301 million, compared to $116.839 million for the same period in 2024, reflecting a year-over-year increase of 19.9%[24] - Adjusted Gross Margin for the three months ended September 30, 2025, was 69.6%, an improvement from 65.0% in the same period of 2024[24] Client and Market Expansion - SaaS clients increased by 7% year-over-year to 103,000[6] - Seasoned Net Revenue Retention stood at 94% as of September 30, 2025[6] - The company aims to expand its operations and current offerings into new markets, including internationally, and further penetrate existing markets[31] - The company is focused on maintaining strategic relationships with third-party service providers and enhancing its Thryv platform to improve client retention and service offerings[30] Guidance - Guidance for Q4 2025 SaaS revenue is projected between $118.0 million and $121.0 million[8] - Guidance for full year 2025 SaaS revenue is projected between $460.0 million and $463.0 million[8]