Filing Flows › Thryv Holdings (THRY) › Q1 2026
Thryv Holdings (THRY) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Thryv Holdings (THRY) reported revenue of $168M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -12% from the quarter before. Operating margin was 2.4%, net earnings $4.5M (2.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | -12% | -8% |
| Operating profit | $4.1M | -60% | — |
| Net earnings | $4.5M | — | — |
| Operating cash flow | $1.5M | -93% | — |
What changed
Revenue was $167.7M in Q1 2026, down 8% year over year and down 12% from the previous quarter. SaaS was the largest line at 70% of revenue. Marketing Services lost $19.3M year over year (down 27%), 141% of the total change.
Gross margin was 65.2%, down 0.6 points from Q1 2025. Operating profit was $4.1M, a 2.4% margin (up 4.1 points year over year). Operating expenses fell 14% while revenue fell 8%. The fastest-growing cost line was Research & development (+12%). Net earnings were $4.5M.
Operating cash flow was $1.5M, 32% of net earnings. Non-cash charges added back $9.2M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $17.0M. Capital expenditures of $6.9M exceeded it, leaving free cash flow of −$5.5M.
Questions
What was Thryv Holdings' revenue in the first quarter 2026?
Thryv Holdings (THRY) reported revenue of $168M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -12% from the quarter before.
Was Thryv Holdings profitable in the first quarter 2026?
Operating profit was $4.1M (2.4% of revenue) and net earnings $4.5M.
Source: Thryv Holdings 10-Q on SEC EDGAR.