Thryv Holdings Income Statement 2025-2010 | THRY

Brief overview of financial performance at Thryv Holdings

The conclusions below are based on five years of reported results. Revenue at Thryv Holdings moved from $1.1 billion in 2020 to $785 million in 2025. Across the full period, sales moved by −29.2%; the average annual rate was −6.7%. The negative rate indicates weakening core operations.

At the gross-profit level, the result moved from 670 million dollars to 533 million dollars, a change of −20.5%. The cost base moved more slowly than the top line, which supported margins. At the margin level, the figure shifted from 60.4% to 67.9%. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA was $299 million at the beginning and $96.2 million at the end of the period (−67.8%). The operating result developed less favorably than sales. At the operating-margin level, the figure shifted from 26.9% to 12.3%. Cost pressure reduced operating profitability.

Net income changed from 149 million dollars to 307 thousand dollars (−99.8%). Profit pressure may reflect higher operating, financing, or tax costs.

Over the period, capitalization shifted from 426 million dollars to 92 million dollars (−78.4%). The valuation did not keep pace with the reported progress.

Conclusion

The current trajectory does not yet confirm a sustainable recovery. The strongest signals are improving gross profitability. The most visible risks are a declining EBITDA margin, lower net income and a softer top-line trend. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.