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How Thryv Holdings (THRY) makes money

Thryv Holdings (THRY) made $151M of revenue in the second quarter 2026 (Q2 2026), -28% from a year earlier. SaaS brought in $114M (76%); Marketing Services brought in $36.2M (24%).

Drawing the Sankey…

Thryv Holdings revenue by segment, Q2 2026Thryv Holdings revenue by segment, Q2 2026SaaS$114MMarketing Services$36.2M
Thryv Holdings: revenue by line, Q2 2025 to Q2 2026Thryv Holdings: revenue by line, Q2 2025 to Q2 2026SaaSMarketing ServicesSaaS: $114M latest$114MMarketing Services: $36.2M latest$36.2MQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026
SaaS went from 55% of revenue in Q2 2025 to 76% in Q2 2026, the largest shift in the mix.
Thryv Holdings revenue by quarterThryv Holdings revenue by quarter$187MQ4 2024$181MQ1 2025$210MQ2 2025$202MQ3 2025$192MQ4 2025$168MQ1 2026$151MQ2 2026
Thryv Holdings: where each dollar of revenue goesThryv Holdings: where each dollar of revenue goesIncome tax5¢Operating cash flow17¢Free cash flow11¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
SaaS$114M76.0%-2%-0.5%
Marketing Services$36.2M24.0%-29%-62%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$151M100.0%
Income tax$7.2M4.8%
Operating cash flow$25.9M17.2%
Free cash flow$16.7M11.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$151M-28%
Q1 2026$168M-8%
Q4 2025$192M+3%
Q3 2025$202M+12%
Q2 2025$210M-6%
Q1 2025$181M-22%
Q4 2024$187M-21%

From Thryv Holdings' 10-Q filed Aug 4, 2026 (on EDGAR).

Questions

How does Thryv Holdings make money?

Thryv Holdings (THRY) made $151M of revenue in the second quarter 2026 (Q2 2026), -28% from a year earlier. SaaS brought in $114M (76%); Marketing Services brought in $36.2M (24%).

What is Thryv Holdings' biggest business?

SaaS: $114M in the second quarter 2026, 76% of revenue, -0.5% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.