Filing Flows › Thryv Holdings (THRY) › Q4 2025
Thryv Holdings (THRY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Thryv Holdings (THRY) reported revenue of $192M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -5% from the quarter before. Operating margin was 5.3%, net loss $9.7M (5.0% of revenue).
Thryv Holdings, Q4 2025: revenue $192M (+3% year over year), operating margin 5.3%, net loss $9.7M, operating cash flow $22.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $192M | -5% | +3% |
| Operating profit | $10.2M | -49% | — |
| Net earnings | −$9.7M | -271% | -223% |
| Operating cash flow | $22.2M | -0.2% | -15% |
| Free cash flow | $12.3M | — | -29% |
What changed
Revenue was $191.6M in Q4 2025, up 3% year over year and down 5% from the previous quarter. SaaS was the largest line at 62% of revenue.
Gross margin was 68.0%, up 2.1 points from Q4 2024. Operating profit was $10.2M, a 5.3% margin (up 9.2 points year over year). Operating expenses fell 8% while revenue rose 3%. The fastest-growing cost line was Other operating costs (+149%). The quarter ended with a net loss of $9.7M, after a profit of $5.7M the previous quarter. Net interest and other expense of $14.5M was the main reason.
Operating cash flow was $22.2M (down 15% year over year). Non-cash charges added back $8.1M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items added $18.0M. After itions to fixed assets and capitalized software ($9.9M), free cash flow as the company reports it was $12.3M.
Questions
What was Thryv Holdings' revenue in the fourth quarter 2025?
Thryv Holdings (THRY) reported revenue of $192M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -5% from the quarter before.
Was Thryv Holdings profitable in the fourth quarter 2025?
Operating profit was $10.2M (5.3% of revenue) and net loss $9.7M.
Source: Thryv Holdings 10-K on SEC EDGAR.