THRY on Nasdaq

Thryv, Inc.

U.S. business services company

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

2013Founded1

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  • TickerTHRY on Nasdaq1
  • Industrycommunications media1
  • HeadquartersDallas, Texas1
  • Websitewww.thryv.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address1301 Municipal Way, Suite 220, Grapevine, Tx 760515
  • Filer categoryAccelerated filer, Smaller reporting company5
  • LEI254900W0Q0EQ1QHCLN204
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 50176954

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Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

67.9%Gross margin7
7.2%Operating margin7
0.0%Net margin7
-4.7%Revenue growth, 20257
0.1%Return on equity7
1.08×Debt to equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Software As A Service brought in 59% of the revenue Thryv, Inc. broke down this way in fiscal 2025.

  1. Software As A Service$461.0M759%up 34% from 2024
  2. Marketing Services$324.0M741%down 33% from 2024
Business segments by year
Business segments202320242025
Software As A Service$263.7M$343.5M$461.0M
Marketing Services$653.2M$480.7M$324.0M

Regions

United States brought in 84% of the revenue Thryv, Inc. broke down this way in fiscal 2025.

  1. United States$659.4M784%down 4% from 2024
  2. Outside the United States$125.6M716%down 9% from 2024
Regions by year
Regions202320242025
United States$764.1M$686.3M$659.4M
Outside the United States$152.8M$137.8M$125.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue32¢$252.3M
  • Research and development5¢$39.1M
  • Other costs61¢$476.6M
  • Income tax2¢$16.7M
  • Profit0¢$307.0K

Out of $785.0M in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks8¢$5.0M
  • Kept or used elsewhere92¢$58.5M

Out of $63.5M of cash from operations.7

Financial statements

Revenue8910117$785.0M in 2025−45% since 2019
0$500.0M$1.0B$1.5B2019: $1.4B$1.4B20192020: $1.1B$1.1B2020−22%2021: $1.1B$1.1B2021+0%2022: $1.2B$1.2B2022+8%2023: $917.0M$917.0M2023−24%2024: $824.2M$824.2M2024−10%2025: $785.0M$785.0M2025−5%
Gross profit8910117$532.7M in 2025−37% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $840.1M$840.1M20192020: $669.7M$669.7M2020−20%2021: $705.3M$705.3M2021+5%2022: $780.4M$780.4M2022+11%2023: $578.2M$578.2M2023−26%2024: $537.2M$537.2M2024−7%2025: $532.7M$532.7M2025−1%
Operating income8910117$56.7M in 2025−72% since 2019
-$400.0M-$200.0M0$200.0M$400.0M2019: $206.1M$206.1M20192020: $152.0M$152.0M2020−26%2021: $190.0M$190.0M2021+25%2022: $99.3M$99.3M2022−48%2023: -$200.0M-$200.0M20232024: -$33.3M-$33.3M2024−83%2025: $56.7M$56.7M2025
Net income8910117$307.0K in 2025−99% since 2019
-$400.0M-$200.0M0$200.0M2019: $35.5M$35.5M20192020: $149.2M$149.2M2020+320%2021: $101.6M$101.6M2021−32%2022: $54.3M$54.3M2022−46%2023: -$259.3M-$259.3M20232024: -$74.2M-$74.2M2024−71%2025: $307.0K$307.0K2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Revenue$785.0M$824.2M$917.0M
Cost of services$252.3M$286.9M$338.7M
Gross profit$532.7M$537.2M$578.2M
Sales and marketing$225.7M$254.4M$287.8M
Research and development$39.1M$15.7M$12.7M
General and administrative$211.2M$217.3M$208.9M
Impairment charges$0$83.1M$268.8M
Total operating expenses$476.0M$570.5M$778.3M
Operating income (loss)$56.7M-$33.3M-$200.0M
Interest expense, nonoperating-$34.8M-$46.8M-$61.7M
Net periodic pension (cost) benefit-$8.8M$24.8M$2.7M
Other income (expense)$3.9M-$10.7M-$1.5M
Income (loss) before income tax (expense) benefit$17.0M-$66.0M-$260.5M
Income tax (expense) benefit-$16.7M-$8.2M$1.2M
Net income (loss)$307.0K-$74.2M-$259.3M
Foreign currency translation adjustment, net of tax-$570.0K$250.0K$1.1M
Comprehensive loss-$263.0K-$74.0M-$258.2M
Basic (in USD per share)$0.01-$2.00-$7.47
Diluted (in USD per share)$0.01-$2.00-$7.47
Basic (in shares)43.6M shares37.1M shares34.7M shares
Diluted (in shares)44.5M shares37.1M shares34.7M shares

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The story

The company was created through a 2017 merger of Dex Media, a yellow pages publisher that restructured its debt in 2016 and YP Holdings, a yellow pages publisher. It published over 1,700 directories, both yellow and white pages, as well as search tools for businesses.

With the increasing transition to digital, mobile and online search, Thryv provides local businesses marketing products to drive customers to client sites.

The company rebranded on 15 July 2019 with a focus on its flagship software product. It reported $1.4 billion in revenue that year with a profit of $35.5 million. In October 2020, Thryv Holdings, Inc. went public through a direct listing on NASDAQ with a reported 40,000 SaaS clients.

In February 2021, the company announced a partnership with Lendio for Thryv subscribers to access Paycheck Protection Program loans and small business financing.

From Wikipedia’s article on Thryv, shared under CC BY-SA 4.0.6

Leadership

Who has led Thryv, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Peter J. McDonald2013
  2. Joe Walsh2014–now

Chair

  1. Joe Walsh2022–now

President

  1. Peter J. McDonald2013
  2. Joe Walsh2014–2021
  3. Grant Freeman2023–now

Chief financial officer

  1. Paul D. Rouse2014–now

Chief operating officer

  1. Delbert M. Humenik2014
201520202025
Board members and other officers (30)

Products and brands

  • software as a service

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • DEX MEDIA, INC.Jan 3, 2013 to Feb 3, 20205
  • NEWDEX, INC.Dec 7, 2012 to Apr 29, 20135

Timeline

  1. Oct 15, 2014New chief executive Joe Walsh becomes CEO15
  2. May 10, 2013New chief executive Peter J. McDonald becomes CEO16
  3. 2013Founded Founded1

Filings

362 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 43 major events, 210 insider forms, 37 large holders, 49 other. The latest 20:

  1. Oct 7, 20264 EDGAR
  2. Sep 18, 20264 EDGAR
  3. Sep 14, 20268-K EDGAR
  4. Sep 9, 20264 EDGAR
  5. Aug 11, 20268-K CURRENT REPORT FILING EDGAR
  6. Aug 7, 20264 EDGAR
  7. Aug 6, 20264 EDGAR
  8. Aug 4, 202610-Q EDGAR
  9. Aug 4, 20268-K EDGAR
  10. Jul 17, 2026SCHEDULE 13G EDGAR
  11. Jul 8, 20264 EDGAR
  12. Jun 16, 20268-K EDGAR
  13. Jun 15, 20264 EDGAR
  14. Jun 15, 20264 EDGAR
  15. Jun 15, 20264 EDGAR
  16. Jun 15, 20264 EDGAR
  17. Jun 15, 20264 EDGAR
  18. Jun 15, 20264 EDGAR
  19. Jun 9, 20264 EDGAR
  20. May 14, 2026SCHEDULE 13G/A EDGAR

The 362 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

89 open-market trades by officers, directors and large owners since October 2021: 41 buys and 48 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 18, 2026Walsh JoeChairman and CEOBuy25,000$1.80$45.0KForm 4
Aug 5, 2026PAULSON & CO. INC.10% ownerBuy144,975$2.79$404.5KForm 4
Aug 4, 2026PAULSON & CO. INC.10% ownerBuy254,573$2.82$717.9KForm 4
Mar 18, 2026Orfanos LouDirectorBuy5,000$2.60$13.0KForm 4
Mar 17, 2026Slater JohnDirectorBuy2,000$2.66$5.3KForm 4
Mar 13, 2026Walsh JoeChairman and CEOBuy15,000$2.91$43.6KForm 4
Mar 4, 2026Slater JohnDirectorBuy3,000$3.24$9.7KForm 4
Mar 3, 2026Rouse Paul DCFO, Executive VP & TreasurerBuy6,000$2.61$15.7KForm 4
Mar 3, 2026PAULSON & CO. INC.10% ownerBuy593,621$2.83$1.7MForm 4
Mar 2, 2026Rouse Paul DCFO, Executive VP & TreasurerBuy14,000$2.35$32.9KForm 4
Mar 2, 2026PAULSON & CO. INC.10% ownerBuy987,078$2.49$2.5MForm 4
Feb 27, 2026PAULSON & CO. INC.10% ownerBuy857,066$2.29$2.0MForm 4
Nov 7, 2025Walsh JoeChairman and CEOBuy25,000$6.51$162.8KForm 4
Nov 5, 2025Slater JohnDirectorBuy1,500$7.07$10.6KForm 4
Aug 29, 2025Slater JohnDirectorBuy1,000$12.92$12.9KForm 4
Aug 25, 2025Slater JohnDirectorBuy1,000$13.69$13.7KForm 4
Aug 1, 2025Walsh JoeChairman and CEOBuy8,000$12.90$103.2KForm 4
Aug 1, 2025Kintzer BonnieDirectorBuy814$12.32$10.0KForm 4
May 7, 2025Walsh JoeChairman and CEOBuy5,000$13.40$67.0KForm 4
Mar 7, 2025Freeman GrantPresidentBuy500$16.82$8.4KForm 4

All 89 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Paulson & Co. Inc.8,443,835$33.3M1.3%No change
BlackRock, Inc.5,797,774$22.8M0.0%+1,983,072
Aqr Capital Management LLC2,159,331$8.5M0.0%+935,980
Vanguard Capital Management LLC1,808,221$7.1M0.0%+25,873
Wittenberg Investment Management, Inc.1,111,415$4.4M1.5%+9,000
Goldman Sachs Group Inc1,110,204$4.4M0.0%+639,854
Charles Schwab Investment Management Inc985,969$3.9M0.0%−234,307
Geode Capital Management, LLC963,428$3.8M0.0%+29,219
Brooktree Capital Management952,892$3.8M2.5%+29,281
Luxor Capital Group, LP904,331$3.6M0.4%−226,904
D. E. Shaw & Co., Inc.854,451$3.4M0.0%+89,630
Nuveen, LLC766,124$3.0M0.0%+496,160
State Street Corp764,962$3.0M0.0%+12,174
CDC Financial, Inc.702,024$2.8M2.1%−381,727
Jacobs Levy Equity Management, Inc690,447$2.7M0.0%+420,915
Citadel Advisors LLC681,618$2.7M0.0%+346,968
Vanguard Portfolio Management LLC677,849$2.7M0.0%+43,297
Two Sigma Investments, LP398,164$1.6M0.0%−147,684
Ancient Art, L.P.377,593$1.5M0.3%−1,183,315
Morgan Stanley374,770$1.5M0.0%−15,690
Bridgeway Capital Management, LLC366,167$1.4M0.0%+131,674
Federated Hermes, Inc.322,986$1.3M0.0%−932
Vanguard Global Advisers, LLC322,703$1.3M0.0%+62,324
Tudor Investment Corp Et Al301,226$1.2M0.0%−30,126
Northern Trust Corp284,386$1.1M0.0%−6,593

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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