Filing Flows › Thryv Holdings (THRY) › Q4 2024
Thryv Holdings (THRY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Thryv Holdings (THRY) reported revenue of $187M for the fourth quarter 2024 (Q4 2024), -21% from a year earlier and +4% from the quarter before. Operating margin was -3.9%, net earnings $7.9M (4.2% of revenue).
Thryv Holdings, Q4 2024: revenue $187M (-21% year over year), operating margin -3.9%, net earnings $7.9M, operating cash flow $26.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | +4% | -21% |
| Operating profit | −$7.2M | — | — |
| Net earnings | $7.9M | — | — |
| Operating cash flow | $26.1M | -27% | -41% |
| Free cash flow | $17.3M | -37% | -49% |
What changed
Revenue was $186.6M in Q4 2024, down 21% year over year and up 4% from the previous quarter.
Gross margin was 65.9%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $7.2M, an operating margin of -3.9%. Operating expenses fell 68% while revenue fell 21%. The fastest-growing cost line was Sales & marketing (+12%). Net earnings were $7.9M. The effective tax rate was 16.7%. Non-operating items added $16.7M, 176% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.1M (down 41% year over year), 332% of net earnings. Non-cash charges added back $11.6M of depreciation and amortization and $6.5M of share-based compensation. Capital expenditures of $8.8M left free cash flow of $17.3M.
Questions
What was Thryv Holdings' revenue in the fourth quarter 2024?
Thryv Holdings (THRY) reported revenue of $187M for the fourth quarter 2024 (Q4 2024), -21% from a year earlier and +4% from the quarter before.
Was Thryv Holdings profitable in the fourth quarter 2024?
Operating loss was $7.2M (-3.9% of revenue) and net earnings $7.9M.
Source: Thryv Holdings 10-K on SEC EDGAR.