Filing Flows › Industrials › Thryv Holdings (THRY)
Thryv Holdings (THRY) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 4, 2026 · Thryv Holdings (THRY) Q2 2026 earnings results →
Q2 2026 Revenue down 28% year over year to $151M · 11¢ of every $1 of revenue lost · operating margin -0.8%
Thryv Holdings made $151M in Q2 2026 (-28% Y/Y): SaaS $114M, Marketing Services $36.2M. Operating margin -0.8%, net loss $16.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $150.7M in Q2 2026, down 28% year over year and down 10% from the previous quarter. SaaS was the largest line at 76% of revenue. Marketing Services lost $59.2M year over year (down 62%), 99% of the total change.
Gross margin was 62.7%, down 6.9 points from Q2 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -0.8%. Operating expenses fell 18% while revenue fell 28%. The quarter ended with a net loss of $16.7M, after a profit of $4.5M the previous quarter.
Operating cash flow was $25.9M (down 12% year over year). Non-cash charges added back $10.9M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $28.9M. After itions to fixed assets and capitalized software ($9.2M), free cash flow as the company reports it was $16.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 4, 2026 | $151M | -28% | -0.8% | −$16.7M | $25.9M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $168M | -8% | 2.4% | $4.5M | $1.5M |
| Q4 2025 | 10-K | Feb 26, 2026 | $192M | +3% | 5.3% | −$9.7M | $22.2M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $202M | +12% | 9.9% | $5.7M | $22.2M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $210M | -6% | 14.0% | $13.9M | $29.6M |
| Q1 2025 | 10-Q | May 1, 2025 | $181M | -22% | -1.7% | −$9.6M | −$10.5M |
| Q4 2024 | 10-K | Feb 27, 2025 | $187M | -21% | -3.9% | $7.9M | $26.1M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Thryv Holdings
Thryv is a software-led platform company focused on enabling small and medium-sized businesses (“ SMBs ”) to run and grow their businesses more efficiently with artificial intelligence (“ AI ”) tools and automations. Our strategy is centered on delivering a unified, extensible SaaS platform that supports customer acquisition, engagement, operations, and retention across the SMB lifecycle. As of December 31, 2025 , we serve approximately 230,000 SMB clients through our two business segments: SaaS and Marketing Services. SaaS represents the strategic growth engine of the Company. Marketing Services is our legacy segment that we are actively managing and exiting as part of a multi-year transition to a pure SaaS business model.
In its own words, from its 10-K, filed Feb 26, 2026.
Thryv Holdings against its Services-Advertising peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -28% against the peers' median +8%. Operating margin: -0.8% against the peers' median -0.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| THRY Thryv Holdings | Q2 2026 | $151M | -28% | -0.8% |
| CCO Clear Channel Outdoor Holdings | Q2 2026 | $438M | +9% | 20.3% |
| ANGI Angi | Q3 2026 | $242M | -9% | 6.4% |
| IBTA Ibotta | Q3 2026 | $97.8M | +18% | 4.8% |
| MNTN Mntn | Q3 2026 | $80.3M | +15% | 10.9% |
| NCMI National CineMedia | Q2 2026 | $58.4M | +13% | -21.9% |
| FLNT Fluent | Q2 2026 | $48.4M | +8% | -10.2% |
| TZOO Travelzoo | Q3 2026 | $22.9M | +3% | -11.2% |
| DRCT Direct Digital Holdings | Q2 2026 | $7.8M | -23% | -37.4% |
Source: Thryv Holdings 10-Q on SEC EDGAR · CIK 1556739 · Services-Advertising
13F: who owns THRY and who is buying
More on THRY
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results