Thryv Holdings Reports Profitable Q1, Beats EPS & Revenue Estimates, Achieves Positive Operating Cash Flow

summarizeSummary

Thryv Holdings reported a profitable first quarter, beating analyst expectations with a net income of $4.5 million and achieving positive operating cash flow, driven by strong SaaS revenue growth and an increase in Adjusted EBITDA.

check_boxKey Events

• Net Income Turnaround

  The company reported a net income of $4.5 million ($0.10 diluted EPS) for Q1 2026, a significant improvement from a net loss of $9.6 million ($(0.22) diluted EPS) in Q1 2025, and beating analyst expectations for a loss.

• Positive Operating Cash Flow

  Thryv Holdings generated $1.473 million in cash from operating activities, reversing a negative cash flow of $(10.481) million in the prior year's first quarter.

• SaaS Revenue Growth & Strategic Shift

  SaaS revenue increased by 5.0% year-over-year to $116.7 million, now representing 70% of total consolidated revenue. SaaS monthly Average Revenue per Unit (ARPU) grew 12.8% year-over-year to $378.

• Strong Adjusted EBITDA

  Consolidated Adjusted EBITDA rose 15.1% to $24.1 million in Q1 2026, with Marketing Services Adjusted EBITDA increasing 31.4%.

auto_awesomeAnalysis

Thryv Holdings delivered a strong first quarter, significantly outperforming analyst expectations by reporting a net income of $4.5 million ($0.10 diluted EPS) compared to an anticipated loss of $0.02 per share and a net loss in the prior year. The company also achieved positive cash flow from operating activities, a notable turnaround from a negative cash flow in Q1 2025. This performance is driven by a strategic shift towards its SaaS business, which now accounts for 70% of total revenue and saw a 5.0% year-over-year increase. While Marketing Services revenue declined, the overall consolidated Adjusted EBITDA increased by 15.1%. The company also provided optimistic guidance for Q2 and the full year 2026, reinforcing confidence in its ongoing transformation and financial health. This 8-K furnishes the detailed press release and investor presentation for the earnings, complementing the concurrently filed 10-Q.