Thu, May 1, 11:33 AM (12 days ago)
**Thryv Holdings, Inc. (THRY) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $181.4 million (down 22.4% YoY) - Thryv SaaS: $111.1 million (up 49.5% YoY) - Thryv Marketing Services: $70.2 million (down 55.9% YoY) - **Gross Profit:** $119.3 million (down 22.4% YoY) - Gross Margin: 65.8% (flat YoY) - **Operating Income:** $(3.0) million (down from $31.1 million YoY) - **Net Income:** $(9.6) million (down from $8.4 million YoY) - **Adjusted EBITDA:** $20.9 million (down 61.4% YoY) **Profit Margins:** - **Operating Margin:** (1.7%) (down from 13.3% YoY) - **Net Margin:** (5.3%) (down from 3.6% YoY) **Cash Flow:** - **Operating Cash Flow:** $(10.5) million (down from $5.4 million YoY) - **Investing Cash Flow:** $(7.2) million (flat YoY) - **Financing Cash Flow:** $12.3 million (up from $(1.6) million YoY) **Earnings Changes:** - **EPS (Basic):** $(0.22) (down from $0.24 YoY) - **EPS (Diluted):** $(0.22) (down from $0.22 YoY) **Quarterly Performance Discussion:** - Revenue decline driven by a decrease in Thryv Marketing Services, partially offset by an increase in Thryv SaaS. - Gross margin remained flat, but operating margin and net margin decreased significantly. - Operating cash flow turned negative, while financing cash flow improved. **Trends and Uncertainties:** - Continued shift from Marketing Services to SaaS offerings. - Strategic acquisitions (e.g., Keap) to expand market share and offerings. - Macroeconomic factors and competition pose risks to future performance. **Future Operations Impact:** - Focus on growing SaaS segment and maintaining profitability in Marketing Services. - Continued investment in growth and strategic acquisitions. - Monitoring of economic conditions and competitive landscape.