Filing Flows › Thryv Holdings (THRY) › Q2 2026 › vs Q2 2025
Thryv Holdings (THRY) Q2 2026 vs Q2 2025 (year over year)
Thryv Holdings's revenue fell $59.7M (-28%) from $210M in Q2 2025 to $151M in Q2 2026. The biggest changes: Marketing Services −$59.2M (-62%); SaaS −$525K (-0.5%).
Thryv Holdings, Q2 2026: revenue $151M (-28% year over year), operating margin -0.8%, net loss $16.7M, operating cash flow $25.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 11.1% | 10.4% | +0.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| SaaS | $114M | $115M | −$525K | -0.5% |
| Marketing Services | $36.2M | $95.5M | −$59.2M | -62% |
| Revenue | $151M | $210M | −$59.7M | -28% |
| Net loss | $16.7M | −$13.9M | $30.6M | — |
| Costs & expenses | $167M | $210M | −$43.1M | -20% |
| Operating costs | $152M | $181M | −$29.1M | -16% |
| Interest & other, net | $8.3M | $7.2M | $1.1M | +16% |
| Income tax | $7.2M | $8.4M | −$1.2M | -15% |
| Cost of revenue | $56.2M | $63.9M | −$7.7M | -12% |
| Research & development | $7.5M | $8.7M | −$1.2M | -13% |
| Sales & marketing | $47.0M | $56.1M | −$9.0M | -16% |
| General & admin | $41.2M | $52.4M | −$11.2M | -21% |
| Operating cash sources | $42.5M | $15.6M | $26.9M | +172% |
| Depreciation & amortization | $10.9M | $10.2M | $703K | +7% |
| Share-based compensation | $2.8M | $6.0M | −$3.2M | -54% |
| Working capital & other | $28.9M | −$574K | $29.4M | — |
| Net loss absorbed | $16.7M | −$13.9M | $30.6M | — |
| Operating cash flow | $25.9M | $29.6M | −$3.7M | -12% |
| Free Cash Flow (company-reported) | $16.7M | $21.8M | −$5.1M | -23% |
| Itions to fixed assets and capitalized software | $9.2M | $7.8M | $1.4M | +18% |
Questions
How much did Thryv Holdings's revenue grow year over year in Q2 2026?
Thryv Holdings's revenue fell $59.7M (-28%) from $210M in Q2 2025 to $151M in Q2 2026.
What drove Thryv Holdings's revenue change in Q2 2026?
Marketing Services −$59.2M (-62%); SaaS −$525K (-0.5%).