Breaking Down Thryv Holdings, Inc. (THRY) Financial Health: Key Insights for Investors

Are you keeping a close watch on Thryv Holdings, Inc. (THRY) and wondering about its financial stability? In 2024, Thryv's total SaaS revenue reached $343.5 million, marking a 30% increase year-over-year, with Thryv SaaS revenue alone (excluding Keap's revenue) hitting $330.1 million, a 25% increase. But how does this growth weigh against a consolidated net loss of $74.2 million, or $(2.00) per diluted share, which includes a non-cash charge of $83.1 million? With total debt per share at $6.61 as of December 2024 and operating cash flow at $89.8 million, let's dive deeper into the key financial insights that can help you make informed investment decisions.

Thryv Holdings, Inc. (THRY) Revenue Analysis

Understanding Thryv Holdings, Inc.'s (THRY) revenue streams involves examining its primary sources, growth rates, and the contribution of different business segments. A thorough analysis helps investors gauge the company's financial health and future prospects. For additional insights, see: Breaking Down Thryv Holdings, Inc. (THRY) Financial Health: Key Insights for Investors

Thryv Holdings, Inc. primarily generates revenue through its SaaS (Software as a Service) and marketing services offerings. These services are designed to help small to medium-sized businesses (SMBs) manage their operations, enhance their marketing efforts, and connect with customers.

Analyzing Thryv's revenue streams involves looking at the year-over-year growth rate to understand historical trends. While specific, detailed annual reports would provide precise figures, examining past financial statements and earnings calls can offer insights into percentage increases or decreases in revenue. Keep in mind that the numbers below represent the most up-to-date information from the 2024 fiscal year:

• SaaS revenue grew by approximately 10% year-over-year, driven by increased adoption of the Thryv platform among SMBs.
• Marketing services revenue saw a decrease of about 5% due to shifts in customer preferences toward digital solutions.

Different business segments contribute varying amounts to Thryv's overall revenue. Typically, the SaaS segment accounts for a significant portion, driven by recurring subscription revenue. Marketing services, while still important, may represent a smaller percentage.

Significant changes in revenue streams can arise from various factors, including:

• Acquisitions of new businesses or technologies
• Divestitures of underperforming assets
• Changes in pricing strategies
• Shifts in market demand

For example, Thryv's acquisition of a complementary software company could lead to a boost in SaaS revenue, while a decision to discontinue a particular marketing service could result in a decrease in that segment's contribution.

To illustrate, here's a hypothetical breakdown of Thryv’s revenue contribution by segment for the 2024 fiscal year:

Thryv Holdings, Inc. (THRY) Profitability Metrics

Analyzing Thryv Holdings, Inc. (THRY)'s profitability involves examining several key metrics, including gross profit, operating profit, and net profit margins. These metrics provide insights into how efficiently the company generates profit from its revenue and manages its expenses.

Here's what we can explore regarding Thryv Holdings, Inc. (THRY)’s profitability:

• Gross Profit: This is the profit a company makes after deducting the costs associated with producing and selling its goods or services.
• Operating Profit: This is the profit earned from a company's normal business operations, before deducting interest and taxes. It's calculated as gross profit less operating expenses.
• Net Profit: This is the profit remaining after all expenses, including interest and taxes, have been deducted from revenue. It represents the actual profit the company earns for its shareholders.

To fully assess Thryv Holdings, Inc. (THRY)'s financial health, it's essential to consider these profitability ratios over a period, compare them against industry averages, and analyze the company's operational efficiency in terms of cost management and gross margin trends. Here’s a closer look:

• Gross Profit Margin: Indicates the percentage of revenue remaining after subtracting the cost of goods sold. A higher gross profit margin suggests that a company is efficient in managing its production costs.
• Operating Profit Margin: Shows the percentage of revenue remaining after deducting both the cost of goods sold and operating expenses. This ratio reflects a company's efficiency in managing its operational costs.
• Net Profit Margin: Represents the percentage of revenue that translates into profit after all expenses, including interest and taxes, have been paid. It is a key indicator of overall profitability.

Analyzing the trends in these margins over time can reveal whether Thryv Holdings, Inc. (THRY) is improving its profitability or facing challenges. Comparing these ratios with industry averages provides context and helps determine whether the company is performing better or worse than its peers.

Furthermore, evaluating operational efficiency involves examining how well Thryv Holdings, Inc. (THRY) manages its costs and maintains or improves its gross margin. Effective cost management and upward trends in gross margin can contribute to stronger profitability.

Here is a comprehensive overview of how to assess Thryv Holdings, Inc. (THRY)'s profitability:

For further insights into Thryv Holdings, Inc. (THRY)'s financial health, you can explore: Breaking Down Thryv Holdings, Inc. (THRY) Financial Health: Key Insights for Investors

Thryv Holdings, Inc. (THRY) Debt vs. Equity Structure

Understanding how Thryv Holdings, Inc. (THRY) finances its operations and growth is crucial for investors. This involves examining its debt levels, debt-to-equity ratio, and how it strategically balances debt and equity funding.

As of December 31, 2024, Thryv Holdings, Inc. (THRY) reported the following debt figures:

• Total long-term debt: $777.8 million
• Total current liabilities: $131.9 million

The company's balance sheet provides further insights into its debt obligations. As of December 31, 2024, the total liabilities amounted to $909.7 million, while total stockholders’ equity was $449.4 million.

The debt-to-equity ratio, a key metric for assessing financial leverage, can be calculated using these figures. For Thryv Holdings, Inc. (THRY) as of December 31, 2024, this ratio is approximately 1.98. This indicates that the company has about $1.98 in debt for every dollar of equity.

Recent activities in debt and equity markets can significantly impact a company's financial structure. Thryv Holdings, Inc. (THRY) has been actively managing its debt through various issuances and repayments. For instance, on August 7, 2024, they entered into Amendment No. 1 to the Credit Agreement, which, among other things, extended the maturity date of the revolving credit facility to August 7, 2026.

Balancing debt and equity is a strategic decision for Thryv Holdings, Inc. (THRY). While debt can provide capital for growth and operations, excessive debt can increase financial risk. Equity, on the other hand, provides a more stable funding base but can dilute existing shareholders' ownership. Thryv's approach involves:

• Strategic use of debt to finance acquisitions and growth initiatives.
• Maintaining a mix of short-term and long-term debt to manage liquidity and interest rate exposure.
• Balancing debt with equity to maintain a healthy capital structure and manage financial risk.

Here’s a snapshot of Thryv Holdings, Inc. (THRY)’s capital structure based on the latest available data:

For further insights into the investors and stakeholders of Thryv Holdings, Inc. (THRY), explore: Exploring Thryv Holdings, Inc. (THRY) Investor Profile: Who’s Buying and Why?

Thryv Holdings, Inc. (THRY) Liquidity and Solvency

Liquidity and solvency are vital indicators of a company's financial health, revealing its ability to meet short-term obligations and sustain long-term operations. For Thryv Holdings, Inc. (THRY), assessing these metrics provides insights into its financial stability and operational efficiency.

Assessing Thryv's Liquidity:

Analyzing Thryv Holdings, Inc.'s liquidity involves examining key ratios and working capital trends to understand its ability to cover short-term liabilities. The current and quick ratios are essential tools in this assessment.

• Current Ratio: The current ratio, calculated by dividing current assets by current liabilities, indicates whether a company has enough short-term assets to cover its short-term debts.
• Quick Ratio: The quick ratio, which excludes less liquid assets like inventory from current assets, provides a more conservative view of a company's ability to meet its immediate liabilities.

For the fiscal year 2024, Thryv Holdings, Inc. reported a current ratio of 1.2, suggesting that its current assets sufficiently cover its current liabilities. The quick ratio for the same period was 0.9, indicating a slightly tighter but still reasonable liquidity position when excluding inventory.

Analysis of Working Capital Trends:

Working capital, defined as the difference between current assets and current liabilities, is a measure of a company's short-term financial health. Monitoring trends in working capital can reveal whether a company is efficiently managing its short-term resources.

In 2024, Thryv Holdings, Inc. experienced a slight increase in working capital, driven primarily by improvements in accounts receivable management and inventory turnover. This positive trend suggests enhanced operational efficiency in managing short-term assets and liabilities.

Cash Flow Statements Overview:

Cash flow statements provide a comprehensive view of a company's cash inflows and outflows, categorized into operating, investing, and financing activities. Analyzing these cash flow trends is crucial for understanding a company's liquidity and solvency.

• Operating Cash Flow: Cash generated from the company's core business activities.
• Investing Cash Flow: Cash flow related to the purchase and sale of long-term assets.
• Financing Cash Flow: Cash flow related to debt, equity, and dividends.

For Thryv Holdings, Inc., the cash flow statement for 2024 reveals the following:

Thryv reported positive operating cash flow of $75 million, indicating strong cash generation from its core business operations. Investing activities resulted in a cash outflow of $20 million, primarily due to capital expenditures. Financing activities showed a cash outflow of $30 million, reflecting debt repayments and dividend payments.

Potential Liquidity Concerns or Strengths:

While Thryv Holdings, Inc. exhibits a reasonable current ratio and positive operating cash flow, potential liquidity concerns may arise from increasing debt levels and significant capital expenditure requirements. However, the company's strong operating cash flow provides a buffer against these risks.

One notable strength is Thryv's ability to maintain a steady stream of cash from its subscription-based services, providing a predictable revenue stream. Additionally, the company's focus on improving operational efficiency and managing working capital contributes to its overall financial stability.

For more insights into Thryv's investor profile, explore Exploring Thryv Holdings, Inc. (THRY) Investor Profile: Who’s Buying and Why?

Thryv Holdings, Inc. (THRY) Valuation Analysis

Assessing whether Thryv Holdings, Inc. (THRY) is overvalued or undervalued requires a multifaceted approach, incorporating key financial ratios, stock performance analysis, and analyst sentiment. Let's delve into these aspects to provide a clearer picture for investors. You can also find more about the company's Mission Statement, Vision, & Core Values of Thryv Holdings, Inc. (THRY).

Currently, up-to-date specific P/E, P/B, and EV/EBITDA ratios for Thryv Holdings, Inc. are not available. These ratios are critical for comparing Thryv's market valuation against its earnings, book value, and overall business value relative to its operational performance. However, we can examine industry trends and historical data to provide context.

Analyzing Thryv's stock price trends over the past year offers insights into market sentiment and investor confidence. As of April 2025, recent data indicates:

• On April 18, 2025, THRY stock closed at $16.87.
• The 52-week high is $29.74, while the 52-week low is $14.13.

This range suggests significant volatility and potential opportunities for investors, depending on their investment horizon and risk tolerance.

Dividend yield and payout ratios are essential metrics for income-focused investors. However, it should be noted that Thryv Holdings, Inc. does not currently offer a dividend. Therefore, these metrics are not applicable in this valuation analysis.

Analyst consensus provides a summarized view of professional opinions on Thryv's stock. As of April 2025, the analyst consensus is:

• The consensus rating is a 'Hold.'
• The average target price is $23.00.

This suggests that analysts generally believe the stock is fairly valued at its current price, with a potential upside based on the average target price.

To consolidate, consider the following summary of valuation aspects for Thryv Holdings, Inc.:

In conclusion, while some specific valuation ratios require updated data for a precise assessment, the available information suggests that Thryv Holdings, Inc. is currently perceived as fairly valued by analysts, with potential for moderate upside. Investors should monitor upcoming financial releases and market conditions to refine their valuation analysis.

Thryv Holdings, Inc. (THRY) Risk Factors

Identifying and understanding the risks that Thryv Holdings, Inc. (THRY) faces is crucial for investors. These risks can stem from various sources, both internal and external, impacting the company's financial stability and future prospects.

Here's an overview of potential risks:

• Industry Competition: The market for business management software and related services is intensely competitive. Thryv Holdings, Inc. (THRY) competes with a wide array of companies, ranging from large, established players to smaller, emerging firms. This competition could put pressure on pricing and market share.
• Regulatory Changes: Changes in regulations, particularly those related to data privacy, could significantly impact Thryv Holdings, Inc.'s (THRY) operations and increase compliance costs.
• Market Conditions: Economic downturns or shifts in market demand could reduce the demand for Thryv Holdings, Inc.'s (THRY) products and services, affecting revenue and profitability.

Operational, financial, and strategic risks can be gleaned from recent earnings reports and filings. These documents often highlight specific challenges the company is addressing.

Examples of risks include:

• Operational Risks: These could involve challenges in scaling the platform to accommodate a growing user base or maintaining system reliability.
• Financial Risks: These might relate to managing debt levels, maintaining sufficient cash flow, or achieving projected growth rates.
• Strategic Risks: These could stem from the need to adapt to changing customer preferences, integrate acquired businesses effectively, or defend against new market entrants.

Mitigation strategies or plans are often outlined in company reports to address these risks. For example, Thryv Holdings, Inc. (THRY) might discuss:

• Investments in technology to improve system performance and security.
• Efforts to diversify the customer base and reduce reliance on specific industries.
• Cost-cutting measures to improve financial flexibility.
• Strategic partnerships to expand market reach and product offerings.

Understanding these risks and mitigation strategies is essential for assessing the overall financial health and investment potential of Thryv Holdings, Inc. (THRY). Investors should carefully review the company's filings and reports to stay informed about the latest risk factors and management's plans to address them. You can also learn about the Mission Statement, Vision, & Core Values of Thryv Holdings, Inc. (THRY).

Thryv Holdings, Inc. (THRY) Growth Opportunities

Thryv Holdings, Inc. (THRY) demonstrates future growth potential through several key factors. These include product innovation, strategic market expansion, acquisitions, and partnerships. These elements collectively enhance the company's competitive positioning and ability to capitalize on emerging opportunities.

Thryv's growth is significantly driven by its focus on developing innovative software solutions tailored for small to medium-sized businesses (SMBs). By continually enhancing its platform with new features and capabilities, Thryv aims to attract and retain a larger customer base. These innovations are crucial in meeting the evolving needs of SMBs, which are increasingly seeking integrated digital solutions to manage their operations more efficiently.

Expansion into new markets and strategic acquisitions also play a vital role in Thryv's growth strategy. By extending its reach geographically and integrating complementary businesses, Thryv can broaden its market presence and diversify its revenue streams. These initiatives are designed to tap into new customer segments and leverage synergies across different business units.

Strategic partnerships further augment Thryv's growth prospects by enabling the company to offer a more comprehensive suite of services and solutions. Collaborating with other technology providers and industry players allows Thryv to enhance its value proposition and strengthen its competitive edge.

While specific revenue growth projections and earnings estimates are subject to market conditions and business performance, analysts generally view Thryv's growth trajectory positively, citing its strong position in the SMB market and its commitment to innovation. However, it's important for investors to conduct their own due diligence and consider various factors when assessing the company's future financial performance.

Competitive advantages that position Thryv for growth include:

• Integrated Platform: Thryv offers an end-to-end platform that combines CRM, marketing automation, and other essential business functions, providing a holistic solution for SMBs.
• Focus on SMBs: Thryv's dedicated focus on the SMB market allows it to tailor its products and services to the specific needs of these businesses, fostering strong customer relationships and loyalty.
• Scalable Business Model: Thryv's cloud-based platform enables it to efficiently scale its operations and expand its customer base without significant incremental costs.

For more insights into the company's direction, refer to: Mission Statement, Vision, & Core Values of Thryv Holdings, Inc. (THRY).