Thryv Holdings, Inc. (THRY)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
$1.85-5.61%
Close 2026-09-09 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
Broken: Primary pillar broken — Total company revenue reaches at least $620 million in FY26: FY26 revenue guidance mid $617M vs $620M target.
Thryv aims to grow total revenue to about $630 million in 2026. Marketing Services revenue targets $157 to $163 million, showing focus on a key segment. Profitability in Marketing Services is expected to improve with adjusted EBITDA of $30 to $35 million in Q3 2026. The company trades cheaply with a P/E of 4.77, well below peers.
Revenue is expected to decline about 15% next year. Earnings estimates have been cut recently. The company missed earnings in 2025 and progress on growth targets is limited. High risk remains due to weak demand and execution challenges.
The market expects about 15% revenue decline and weak earnings growth. Our fair value is $12.72, reflecting cautious optimism on turnaround progress. The stock is cheap but risk is high given recent earnings misses and estimate cuts.
Breaks if: Marketing Services Adjusted EBITDA falls below $30 million in Q3 2026
Breaks if: Marketing Services revenue falls below $157 million in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a mix of growth and turnaround potential. The company is working to grow its Software as a Service (SaaS) revenue while managing a significant decline in its Marketing Services segment.
The current valuation is considered cheap compared to peers, but the market has not fully accounted for the risks associated with the company's earnings quality and recent performance. There is an expectations gap, indicating that investors may be cautious about future results.
Management is on track with its SaaS growth strategy, showing steady revenue and average revenue per user (ARPU) increases. However, the decline in Marketing Services revenue and the mixed results from recent quarters present challenges that could impact future performance.
The thesis hinges on management's ability to execute its restructuring plan and stabilize Marketing Services revenue. Additionally, external factors like Federal Reserve interest rate decisions and performance from leading tech companies could significantly influence THRY's trajectory.
The most important moves since the prior daily snapshot.
Signal changed from 'cautious' to 'mixed'.
Yes, our read has weakened. The latest earnings miss has negatively impacted the outlook. Revenue guidance for FY26 is below the target of $620 million. This suggests challenges in meeting growth expectations.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Thryv aims to achieve Marketing Services Revenue between $157 million and $163 million for 2026.
Breaks if: Total revenue falls below $620 million in FY26
Over the next 1 to 3 years, THRY's performance will depend on its execution of strategic priorities and external market conditions. Not investment advice.