Filing Flows › Thryv Holdings (THRY) › Q3 2025
Thryv Holdings (THRY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Thryv Holdings (THRY) reported revenue of $202M for the third quarter 2025 (Q3 2025), +12% from a year earlier and -4% from the quarter before. Operating margin was 9.9%, net earnings $5.7M (2.8% of revenue).
Thryv Holdings, Q3 2025: revenue $202M (+12% year over year), operating margin 9.9%, net earnings $5.7M, operating cash flow $22.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $202M | -4% | +12% |
| Gross profit | $136M | -7% | +22% |
| Operating profit | $20.0M | -32% | — |
| Net earnings | $5.7M | -59% | — |
| Operating cash flow | $22.2M | -25% | -38% |
| Free cash flow | $14.6M | — | -47% |
What changed
Revenue was $201.6M in Q3 2025, up 12% year over year and down 4% from the previous quarter. SaaS was the largest line at 58% of revenue. SaaS added $28.8M year over year (up 33%), 133% of the total change. Marketing Services declined 8%.
Gross margin was 67.7%, up 5.4 points from a year earlier. Operating profit was $20.0M, a 9.9% margin (up 59.2 points year over year). Operating expenses fell 42% while revenue rose 12%. Net earnings were $5.7M. The effective tax rate was 50.7%.
Operating cash flow was $22.2M (down 38% year over year), 393% of net earnings. Non-cash charges added back $9.6M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items added $1.2M. After itions to fixed assets and capitalized software ($7.6M), free cash flow as the company reports it was $14.6M.
Questions
What was Thryv Holdings' revenue in the third quarter 2025?
Thryv Holdings (THRY) reported revenue of $202M for the third quarter 2025 (Q3 2025), +12% from a year earlier and -4% from the quarter before.
Was Thryv Holdings profitable in the third quarter 2025?
Operating profit was $20.0M (9.9% of revenue) and net earnings $5.7M.
Source: Thryv Holdings 10-Q on SEC EDGAR.