Filing Flows › Thryv Holdings (THRY) › Q1 2026 › vs Q1 2025
Thryv Holdings (THRY) Q1 2026 vs Q1 2025 (year over year)
Thryv Holdings's revenue fell $13.7M (-8%) from $181M in Q1 2025 to $168M in Q1 2026. The biggest changes: Marketing Services −$19.3M (-27%); SaaS +$5.6M (+5%).
Thryv Holdings, Q1 2026: revenue $168M (-8% year over year), operating margin 2.4%, net earnings $4.5M, operating cash flow $1.5M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| SaaS | $117M | $111M | $5.6M | +5% |
| Marketing Services | $50.9M | $70.2M | −$19.3M | -27% |
| Revenue | $168M | $181M | −$13.7M | -8% |
| Income tax benefit | $6.0M | $2.9M | $3.1M | +110% |
| Costs & expenses | $174M | $194M | −$20.2M | -10% |
| Operating costs | $164M | $184M | −$20.8M | -11% |
| Interest & other, net | $5.5M | $9.4M | −$3.9M | -42% |
| Net earnings | $4.5M | −$9.6M | $14.2M | — |
| Cost of revenue | $58.4M | $62.1M | −$3.7M | -6% |
| Research & development | $11.4M | $10.2M | $1.2M | +12% |
| Sales & marketing | $47.9M | $59.8M | −$11.9M | -20% |
| General & admin | $45.8M | $52.3M | −$6.5M | -12% |
| Operating cash sources | $18.5M | $9.6M | $8.8M | +92% |
| Depreciation & amortization | $9.2M | $11.5M | −$2.4M | -20% |
| Share-based compensation | $4.8M | $7.7M | −$3.0M | -39% |
| Working capital & other | $17.0M | $20.1M | −$3.1M | -16% |
| Operating cash flow | $1.5M | −$10.5M | $12.0M | — |
| Capital expenditures | $6.9M | $7.1M | −$159K | -2% |
| Negative free cash flow (OCF − capex) | $5.5M | $17.6M | −$12.1M | -69% |
Questions
How much did Thryv Holdings's revenue grow year over year in Q1 2026?
Thryv Holdings's revenue fell $13.7M (-8%) from $181M in Q1 2025 to $168M in Q1 2026.
What drove Thryv Holdings's revenue change in Q1 2026?
Marketing Services −$19.3M (-27%); SaaS +$5.6M (+5%).