Monitor the transition from Marketing Services to SaaS, as the company's strategic shift continues to drive SaaS growth while Marketing Services declines. The significant net loss despite revenue growth warrants further investigation into profitability trends.
Price Chart
Executive Summary
Thryv Holdings reported Q4 2025 financial results showing strong SaaS revenue growth of 14.1% YoY and a 56% increase in Marketing Center revenue, driven by the Keap acquisition. However, Marketing Services revenue declined 11.7% YoY. The company provided FY2026 guidance projecting SaaS revenue of $461-471 million and Marketing Services revenue of $150-160 million.
Key Facts
- Q4 2025 SaaS revenue: $118.99 million, up 14.1% YoY
- Q4 2025 Marketing Services revenue: $72.63 million, down 11.7% YoY
- Q4 2025 Consolidated revenue: $191.62 million, up 2.7% YoY
- Q4 2025 Net loss: $9.66 million vs. net income of $7.88 million in Q4 2024
- FY2026 SaaS revenue guidance: $461-471 million
- FY2026 Marketing Services revenue guidance: $150-160 million
- FY2026 Total Company revenue guidance: $611-631 million
Financial Impact
SaaS revenue grew 14.1% YoY to $118.99 million, while Marketing Services revenue declined 11.7% YoY to $72.63 million. Net loss of $9.66 million in Q4 2025 vs. net income of $7.88 million in Q4 2024.
Risk Factors
- Continued decline in Marketing Services revenue
- Net loss despite overall revenue growth
- Integration risks from Keap acquisition
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001556739-26-000015 |
| Exhibit: exhibit991-q42025investo.htm | 0001556739-26-000015 |
| Document: 0001556739-26-000015-index-headers.html | 0001556739-26-000015 |
| Document: 0001556739-26-000015-index.html | 0001556739-26-000015 |
| Document: 0001556739-26-000015.txt | 0001556739-26-000015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $1.99 $2.00 | ▲ +0.50% | ▲ +0.40% | $1.52 (−23.62%) |
Aug 11, 2026 7w ago | 8-K | $2.07 $2.09 | ▲ +0.97% | ▲ +1.41% | $1.52 (−26.57%) |
Aug 4, 2026 8w ago | 8-K | $2.97 $2.14 | ▲ +27.95% | ▲ +27.85% | $1.52 (+48.82%) |
Mar 13, 2026 29w ago | Insider Cluster | $2.94 $2.78 | ▼ −5.44% | ▼ −3.32% | $1.52 (−48.30%) |
Mar 3, 2026 30w ago | Insider Cluster | $2.94 $3.19 | ▲ +8.50% | ▲ +8.98% | $1.52 (−48.30%) |
Mar 3, 2026 30w ago | Insider Cluster | $2.94 $3.19 | ▲ +8.50% | ▲ +8.98% | $1.52 (−48.30%) |
Mar 3, 2026 30w ago | Insider Cluster | $2.94 $3.19 | ▲ +8.50% | ▲ +8.98% | $1.52 (−48.30%) |
Feb 26, 2026 31w ago | 8-K | $2.10 $3.32 | ▲ +58.10% | ▲ +59.22% | $1.52 (−27.62%) |
Feb 26, 2026 31w ago | 8-K | $2.10 $3.32 | ▲ +58.10% | ▲ +59.22% | $1.52 (−27.62%) |
US Market Status
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