Filing Flows › Thryv Holdings (THRY) › Q2 2025
Thryv Holdings (THRY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Thryv Holdings (THRY) reported revenue of $210M for the second quarter 2025 (Q2 2025), -6% from a year earlier and +16% from the quarter before. Operating margin was 14.0%, net earnings $13.9M (6.6% of revenue).
Thryv Holdings, Q2 2025: revenue $210M (-6% year over year), operating margin 14.0%, net earnings $13.9M, operating cash flow $29.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $210M | +16% | -6% |
| Gross profit | $147M | +23% | -1% |
| Operating profit | $29.5M | — | -6% |
| Net earnings | $13.9M | — | +151% |
| Operating cash flow | $29.6M | — | +33% |
| Free cash flow | $21.8M | — | +64% |
What changed
Revenue was $210.5M in Q2 2025, down 6% year over year and up 16% from the previous quarter. SaaS was the largest line at 55% of revenue. Marketing Services lost $50.8M year over year (down 35%), 373% of the total change.
Gross margin was 69.7%, up 3.4 points from a year earlier. Operating profit was $29.5M, a 14.0% margin (up 0.1 points year over year). Operating expenses fell 0% while revenue fell 6%. Net earnings were $13.9M, up 151% year over year. The effective tax rate was 37.7%.
Operating cash flow was $29.6M (up 33% year over year), 212% of net earnings. Non-cash charges added back $10.2M of depreciation and amortization and $6.0M of share-based compensation. Capital expenditures of $7.8M left free cash flow of $21.8M.
Questions
What was Thryv Holdings' revenue in the second quarter 2025?
Thryv Holdings (THRY) reported revenue of $210M for the second quarter 2025 (Q2 2025), -6% from a year earlier and +16% from the quarter before.
Was Thryv Holdings profitable in the second quarter 2025?
Operating profit was $29.5M (14.0% of revenue) and net earnings $13.9M.
Source: Thryv Holdings 10-Q on SEC EDGAR.