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THRY Financials Thryv Holdings, Inc.

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 6.7% per year over the past 5 years.
  • Net income has grown slower than revenue (-71.0% vs -6.7% per year).
  • Operating margin has contracted, at 7.2% in the latest year.
  • Free cash flow has declined 31.4% per year over the past 5 years.

Financial health

  • Total debt ($253M) exceeds cash ($11M); net debt is $243M.
  • Total debt has grown slower than revenue (-13.7% vs -6.7% per year).
  • Operating income covered interest expense 1.6× in the latest year.
  • Total debt is 2.6× EBITDA.
Revenue & net income
-$819M $483M $2B $0 2011 2013 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
-28% 20% 68% 0% 2011 2013 2018 2020 2022 2024
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $193M $385M 2011 2013 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $1B $3B 2011 2013 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$506M -$47M $413M $0 2011 2013 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $785M $307000 67.9% 7.2% $31M $253M $11M
2024 $824M -$74M 65.2% -4.0% $56M $284M $16M
2023 $917M -$259M 63.1% -21.8% $115M $349M $18M
2022 $1.2B $54M 64.9% 8.3% $119M $470M $16M
2021 $1.1B $102M 63.4% 17.1% $144M $562M $11M
2020 $1.1B $149M 60.4% 13.7% $205M $528M $2M
2019 $1.4B $36M 59.1% 14.5% $245M $714M $2M
2018 $1.8B $52M 0.0% 9.1% $320M — —
2014 — -$371M — — $370M $2.4B $171M
2013 — -$819M — — $336M $2.7B $156M
2012 — $41M — — $326M $2.0B $172M
2011 — -$519M — — $385M — $258M

Valuation over time

How the market has priced THRY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 436.6 873.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.6 1.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is THRY growing its revenue and profit?

Over the past 5 years, Thryv Holdings, Inc.'s revenue has declined 6.7% per year, and net income declined 71.0% per year. These are computed facts, not advice.

How much debt does THRY have?

As of FY2025, Thryv Holdings, Inc. reported $253M of total debt against $11M of cash; operating income covered interest expense 1.6×.

What is THRY's profit margin?

In FY2025, gross margin was 67.9%, operating margin 7.2%, and net margin 0.0%.

What is THRY's P/E ratio?

As of Jun '26, Thryv Holdings, Inc. traded at a price-to-earnings ratio of about 534.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.