Filing Flows › Thryv Holdings (THRY) › Q1 2025
Thryv Holdings (THRY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Thryv Holdings (THRY) reported revenue of $181M for the first quarter 2025 (Q1 2025), -22% from a year earlier and -3% from the quarter before. Operating margin was -1.7%, net loss $9.6M (5.3% of revenue).
Thryv Holdings, Q1 2025: revenue $181M (-22% year over year), operating margin -1.7%, net loss $9.6M, operating cash flow −$10.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181M | -3% | -22% |
| Operating profit | −$3.0M | — | — |
| Net earnings | −$9.6M | -222% | — |
| Operating cash flow | −$10.5M | -140% | — |
What changed
Revenue was $181.4M in Q1 2025, down 22% year over year and down 3% from the previous quarter. Thryv SaaS was the largest line at 61% of revenue. Thryv Marketing Services lost $89.1M year over year (down 56%), 170% of the total change.
Gross margin was 65.8%, unchanged from a year earlier. Operating costs exceeded revenue by $3.0M, an operating margin of -1.7%. Operating expenses fell 0% while revenue fell 22%. The quarter ended with a net loss of $9.6M, after a profit of $7.9M the previous quarter. Net interest and other expense of $9.4M was the main reason.
Operating cash flow was −$10.5M. Non-cash charges added back $11.5M of depreciation and amortization and $7.7M of share-based compensation. Working capital and other items used $20.1M. Capital expenditures of $7.1M exceeded it, leaving free cash flow of −$17.6M.
Questions
What was Thryv Holdings' revenue in the first quarter 2025?
Thryv Holdings (THRY) reported revenue of $181M for the first quarter 2025 (Q1 2025), -22% from a year earlier and -3% from the quarter before.
Was Thryv Holdings profitable in the first quarter 2025?
Operating loss was $3.0M (-1.7% of revenue) and net loss $9.6M.
Source: Thryv Holdings 10-Q on SEC EDGAR.