Thryv (THRY) Financials

$3.70 +0.08 (+2.07%)

As of 01:02 PM Eastern

Annual Income Statements for Thryv

This table shows Thryv's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	54	-259	-74
Consolidated Net Income / (Loss)	54	-259	-74
Net Income / (Loss) Continuing Operations	54	-259	-74
Total Pre-Tax Income	99	-261	-66
Total Operating Income	99	-200	-33
Total Gross Profit	780	578	537
Total Revenue	1,202	917	824
Operating Revenue	1,202	917	824
Total Cost of Revenue	422	339	287
Operating Cost of Revenue	422	339	287
Total Operating Expenses	681	778	571
Selling, General & Admin Expense	216	209	217
Marketing Expense	362	301	270
Impairment Charge	102	269	83
Total Other Income / (Expense), net	-0.35	-61	-33
Interest Expense	60	62	47
Other Income / (Expense), net	60	1.20	14
Income Tax Expense	45	-1.25	8.22
Basic Earnings per Share	$1.58	($7.47)	($2.00)
Weighted Average Basic Shares Outstanding	34.34M	34.72M	37.14M
Diluted Earnings per Share	$1.49	($7.47)	($2.00)
Weighted Average Diluted Shares Outstanding	36.51M	34.72M	37.14M
Weighted Average Basic & Diluted Shares Outstanding	34.75M	35.56M	43.37M

This table shows Thryv's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	13	-50	9.31	16	-27	-258	8.42	5.55	-96	7.88
Consolidated Net Income / (Loss)	13	-50	9.31	16	-27	-258	8.42	5.55	-96	7.88
Net Income / (Loss) Continuing Operations	13	-50	9.31	16	-27	-258	8.42	5.55	-96	7.88
Total Pre-Tax Income	20	-44	14	13	-37	-250	14	12	-101	9.46
Total Operating Income	31	-67	31	31	-19	-242	31	31	-89	-7.20
Total Gross Profit	176	179	155	160	104	160	154	149	112	123
Total Revenue	281	279	246	251	184	236	234	224	180	187
Operating Revenue	281	279	246	251	184	236	234	224	180	187
Total Cost of Revenue	105	100	91	91	80	76	80	75	68	64
Operating Cost of Revenue	105	100	91	91	80	76	80	75	68	64
Total Operating Expenses	145	246	124	129	123	402	123	117	201	130
Selling, General & Admin Expense	55	57	48	54	48	59	52	52	51	62
Marketing Expense	90	87	76	76	75	74	70	65	66	68
Total Other Income / (Expense), net	-12	23	-17	-18	-18	-7.49	-17	-19	-13	17
Interest Expense	15	16	16	16	15	14	13	12	12	9.72
Other Income / (Expense), net	3.01	39	-0.49	-1.87	-2.78	6.33	-3.95	-7.00	-1.36	26
Income Tax Expense	6.24	6.57	4.50	-3.43	-10	7.92	5.40	6.62	-5.38	1.58
Basic Earnings per Share	$0.39	($1.48)	$0.27	$0.46	($0.78)	($7.42)	$0.24	$0.15	($2.65)	$0.26
Weighted Average Basic Shares Outstanding	34.27M	34.34M	34.61M	34.58M	34.85M	34.72M	35.19M	36.00M	36.31M	37.14M
Diluted Earnings per Share	$0.37	($1.37)	$0.25	$0.43	($0.78)	($7.37)	$0.22	$0.15	($2.65)	$0.28
Weighted Average Diluted Shares Outstanding	35.81M	36.51M	36.98M	36.86M	34.85M	34.72M	37.99M	37.63M	36.31M	37.14M
Weighted Average Basic & Diluted Shares Outstanding	34.48M	34.75M	34.82M	34.60M	35.17M	35.56M	35.83M	36.30M	42.04M	43.37M

This table details how cash moves in and out of Thryv's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	4.62	2.35	-2.77
Net Cash From Operating Activities	149	148	90
Net Cash From Continuing Operating Activities	149	148	90
Net Income / (Loss) Continuing Operations	54	-259	-74
Consolidated Net Income / (Loss)	54	-259	-74
Depreciation Expense	88	63	53
Amortization Expense	18	20	22
Non-Cash Adjustments To Reconcile Net Income	86	324	113
Changes in Operating Assets and Liabilities, net	-98	0.04	-24
Net Cash From Investing Activities	-52	-43	-110
Net Cash From Continuing Investing Activities	-52	-43	-110
Purchase of Property, Plant & Equipment	-29	-33	-34
Acquisitions	-23	-8.90	-77
Other Investing Activities, net	0.00	-0.23	0.00
Net Cash From Financing Activities	-91	-103	19
Net Cash From Continuing Financing Activities	-91	-103	19
Repayment of Debt	-1,067	-1,039	-740
Repurchase of Common Equity	0.00	0.00	-0.50
Issuance of Debt	976	920	673
Issuance of Common Equity	0.00	0.00	87
Other Financing Activities, net	0.06	16	0.00
Other Net Changes in Cash	-0.83	0.13	-1.34
Cash Interest Paid	57	57	44
Cash Income Taxes Paid	58	9.31	15

This table details how cash moves in and out of Thryv's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	0.41	1.85	9.83	-10	-0.64	3.58	-4.12	4.59	-7.12	3.89
Net Cash From Operating Activities	47	44	32	25	46	45	5.44	22	36	26
Net Cash From Continuing Operating Activities	47	44	32	25	46	45	5.44	22	36	26
Net Income / (Loss) Continuing Operations	13	-50	9.31	16	-27	-258	8.42	5.55	-96	7.88
Consolidated Net Income / (Loss)	13	-50	9.31	16	-27	-258	8.42	5.55	-96	7.88
Depreciation Expense	23	22	15	16	16	16	15	14	13	12
Amortization Expense	4.67	5.14	4.05	3.70	6.63	5.99	6.16	5.72	5.52	4.90
Non-Cash Adjustments To Reconcile Net Income	7.67	74	10	25	13	276	12	14	94	-6.97
Changes in Operating Assets and Liabilities, net	-1.69	-7.00	-6.58	-35	38	4.11	-36	-18	20	8.68
Net Cash From Investing Activities	-9.71	-9.89	-5.14	-18	-8.90	-10	-7.28	-8.95	-8.50	-86
Net Cash From Continuing Investing Activities	-9.71	-9.89	-5.14	-18	-8.90	-10	-7.28	-8.95	-8.50	-86
Purchase of Property, Plant & Equipment	-9.70	-9.89	-5.14	-8.88	-8.90	-10	-7.28	-8.95	-8.50	-8.81
Acquisitions	-0.02	-	-	-	-	-	-	-	-	-77
Net Cash From Financing Activities	-36	-33	-17	-18	-37	-31	-1.56	-8.96	-35	65
Net Cash From Continuing Financing Activities	-36	-33	-17	-18	-37	-31	-1.56	-8.96	-35	65
Repayment of Debt	-294	-263	-290	-229	-267	-254	-207	-377	-52	-104
Issuance of Debt	258	230	273	211	214	223	205	368	18	81
Other Net Changes in Cash	-	-	-	-	-	-	-	-	0.33	-1.22
Cash Interest Paid	18	15	15	15	14	13	12	12	11	8.72
Cash Income Taxes Paid	17	4.59	-0.99	8.41	0.19	1.71	1.92	11	1.62	0.45

This table presents Thryv's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,178	783	712
Total Current Assets	378	267	211
Cash & Equivalents	16	18	16
Accounts Receivable	285	206	162
Prepaid Expenses	25	18	14
Current Deferred & Refundable Income Taxes	12	3.09	6.22
Other Current Assets	41	22	13
Plant, Property, & Equipment, net	42	39	44
Total Noncurrent Assets	757	478	457
Goodwill	566	302	253
Intangible Assets	35	19	34
Noncurrent Deferred & Refundable Income Taxes	114	128	143
Other Noncurrent Operating Assets	43	28	26
Total Liabilities & Shareholders' Equity	1,178	783	712
Total Liabilities	796	630	515
Total Current Liabilities	300	263	196
Short-Term Debt	70	70	13
Accounts Payable	19	10	13
Accrued Expenses	127	106	95
Current Deferred & Payable Income Tax Liabilities	32	24	26
Other Current Liabilities	53	53	48
Total Noncurrent Liabilities	495	367	319
Long-Term Debt	400	279	271
Noncurrent Employee Benefit Liabilities	73	69	38
Other Noncurrent Operating Liabilities	23	19	9.76
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	382	153	197
Total Preferred & Common Equity	382	153	197
Total Common Equity	382	153	197
Common Stock	1,106	1,152	1,273
Retained Earnings	-239	-498	-572
Treasury Stock	-469	-486	-489
Accumulated Other Comprehensive Income / (Loss)	-16	-15	-15

This table presents Thryv's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,290	1,172	1,101	1,040	787	785	655
Total Current Assets	387	389	309	275	275	261	231
Cash & Equivalents	14	15	15	15	14	16	12
Accounts Receivable	290	272	244	199	204	194	176
Prepaid Expenses	28	40	29	23	32	23	18
Current Deferred & Refundable Income Taxes	13	7.92	3.64	19	2.86	1.52	2.71
Other Current Assets	42	54	17	19	22	27	21
Plant, Property, & Equipment, net	42	38	39	38	38	38	37
Total Noncurrent Assets	861	746	753	728	474	487	387
Goodwill	665	565	570	568	300	301	219
Intangible Assets	45	33	31	24	12	6.64	3.45
Noncurrent Deferred & Refundable Income Taxes	127	116	123	114	131	152	140
Other Noncurrent Operating Assets	24	32	30	21	31	27	25
Total Liabilities & Shareholders' Equity	1,290	1,172	1,101	1,040	787	785	655
Total Liabilities	868	777	697	643	620	602	560
Total Current Liabilities	296	297	238	236	240	228	222
Short-Term Debt	70	70	70	70	53	53	53
Accounts Payable	18	8.98	7.34	8.14	20	8.66	6.95
Accrued Expenses	133	127	107	98	89	110	98
Current Deferred & Payable Income Tax Liabilities	31	33	23	23	25	25	26
Other Current Liabilities	43	58	31	37	54	32	38
Total Noncurrent Liabilities	572	480	459	407	380	374	338
Long-Term Debt	434	384	363	311	295	290	255
Noncurrent Employee Benefit Liabilities	112	73	74	76	71	72	74
Other Noncurrent Operating Liabilities	26	24	21	20	14	12	9.25
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	422	395	404	397	167	183	95
Total Preferred & Common Equity	422	395	404	397	167	183	95
Total Common Equity	422	395	404	397	167	183	95
Common Stock	1,100	1,113	1,122	1,144	1,160	1,171	1,178
Retained Earnings	-188	-230	-214	-241	-490	-484	-580
Treasury Stock	-469	-470	-486	-486	-488	-489	-489
Accumulated Other Comprehensive Income / (Loss)	-21	-18	-19	-21	-15	-15	-14

This table displays calculated financial ratios and metrics derived from Thryv's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	7.99%	-23.74%	-10.12%
EBITDA Growth	-17.74%	-143.36%	148.50%
EBIT Growth	-20.58%	-224.74%	90.33%
NOPAT Growth	-62.05%	-356.72%	83.35%
Net Income Growth	-46.50%	-577.10%	71.38%
EPS Growth	-46.40%	-601.34%	73.23%
Operating Cash Flow Growth	-12.90%	-0.23%	-39.43%
Free Cash Flow Firm Growth	15,441.13%	151.89%	-102.29%
Invested Capital Growth	-3.45%	-42.18%	-3.81%
Revenue Q/Q Growth	2.99%	-4.50%	-5.67%
EBITDA Q/Q Growth	-14.59%	-217.16%	128.89%
EBIT Q/Q Growth	-22.64%	-2,210.13%	92.99%
NOPAT Q/Q Growth	-57.43%	-711.56%	87.59%
Net Income Q/Q Growth	-50.54%	-396.74%	78.15%
EPS Q/Q Growth	-49.66%	-408.16%	79.27%
Operating Cash Flow Q/Q Growth	-3.05%	0.15%	-17.04%
Free Cash Flow Firm Q/Q Growth	-31.50%	63.08%	-102.62%
Invested Capital Q/Q Growth	-8.26%	-36.70%	19.25%
Profitability Metrics	-	-	-
Gross Margin	64.90%	63.06%	65.19%
EBITDA Margin	22.09%	-12.56%	6.78%
Operating Margin	8.26%	-21.81%	-4.04%
EBIT Margin	13.26%	-21.68%	-2.33%
Profit (Net Income) Margin	4.52%	-28.28%	-9.01%
Tax Burden Percent	54.91%	99.52%	112.45%
Interest Burden Percent	62.10%	131.05%	343.26%
Effective Tax Rate	45.09%	0.00%	0.00%
Return on Invested Capital (ROIC)	6.41%	-21.22%	-4.92%
ROIC Less NNEP Spread (ROIC-NNEP)	6.37%	-51.63%	-21.92%
Return on Net Nonoperating Assets (RNNOA)	9.19%	-75.72%	-37.54%
Return on Equity (ROE)	15.60%	-96.94%	-42.46%
Cash Return on Invested Capital (CROIC)	9.92%	32.23%	-1.03%
Operating Return on Assets (OROA)	12.86%	-20.28%	-2.57%
Return on Assets (ROA)	4.39%	-26.44%	-9.93%
Return on Common Equity (ROCE)	15.60%	-96.94%	-42.46%
Return on Equity Simple (ROE_SIMPLE)	14.22%	-169.81%	-37.69%
Net Operating Profit after Tax (NOPAT)	55	-140	-23
NOPAT Margin	4.54%	-15.27%	-2.83%
Net Nonoperating Expense Percent (NNEP)	0.04%	30.41%	17.01%
Return On Investment Capital (ROIC_SIMPLE)	6.40%	-27.91%	-4.84%
Cost of Revenue to Revenue	35.10%	36.94%	34.81%
SG&A Expenses to Revenue	18.00%	22.78%	26.37%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.64%	84.87%	69.23%
Earnings before Interest and Taxes (EBIT)	159	-199	-19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	266	-115	56
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.81	4.63	2.79
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.58	0.77	0.67
Price to Earnings (P/E)	12.76	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	7.84%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.37	2.15	1.76
Enterprise Value to Revenue (EV/Rev)	0.95	1.13	0.99
Enterprise Value to EBITDA (EV/EBITDA)	4.32	0.00	14.64
Enterprise Value to EBIT (EV/EBIT)	7.20	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	21.04	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.72	7.00	9.11
Enterprise Value to Free Cash Flow (EV/FCFF)	13.59	4.88	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.23	2.28	1.44
Long-Term Debt to Equity	1.05	1.83	1.38
Financial Leverage	1.44	1.47	1.71
Leverage Ratio	3.56	3.67	4.28
Compound Leverage Factor	2.21	4.80	14.68
Debt to Total Capital	55.14%	69.56%	59.08%
Short-Term Debt to Total Capital	8.22%	13.96%	2.73%
Long-Term Debt to Total Capital	46.92%	55.60%	56.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	44.86%	30.44%	40.92%
Debt to EBITDA	1.77	-3.03	5.09
Net Debt to EBITDA	1.71	-2.87	4.80
Long-Term Debt to EBITDA	1.51	-2.42	4.85
Debt to NOPAT	8.61	-2.49	-12.20
Net Debt to NOPAT	8.32	-2.36	-11.50
Long-Term Debt to NOPAT	7.33	-1.99	-11.64
Altman Z-Score	1.79	0.12	0.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.26	1.01	1.07
Quick Ratio	1.00	0.85	0.91
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	84	213	-4.87
Operating Cash Flow to CapEx	508.24%	443.87%	267.71%
Free Cash Flow to Firm to Interest Expense	1.40	3.45	-0.10
Operating Cash Flow to Interest Expense	2.46	2.40	1.92
Operating Cash Flow Less CapEx to Interest Expense	1.98	1.86	1.20
Efficiency Ratios	-	-	-
Asset Turnover	0.97	0.94	1.10
Accounts Receivable Turnover	4.27	3.74	4.49
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	25.78	22.66	19.84
Accounts Payable Turnover	30.60	23.10	24.57
Days Sales Outstanding (DSO)	85.57	97.56	81.30
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	11.93	15.80	14.86
Cash Conversion Cycle (CCC)	73.64	81.77	66.44
Capital & Investment Metrics	-	-	-
Invested Capital	836	483	465
Invested Capital Turnover	1.41	1.39	1.74
Increase / (Decrease) in Invested Capital	-30	-353	-18
Enterprise Value (EV)	1,147	1,037	818
Market Capitalization	694	707	550
Book Value per Share	$11.09	$4.34	$4.68
Tangible Book Value per Share	($6.34)	($4.79)	($2.16)
Total Capital	852	502	481
Total Debt	470	349	284
Total Long-Term Debt	400	279	271
Net Debt	454	331	268
Capital Expenditures (CapEx)	29	33	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	132	55	11
Debt-free Net Working Capital (DFNWC)	148	74	28
Net Working Capital (NWC)	78	3.68	14
Net Nonoperating Expense (NNE)	0.19	119	51
Net Nonoperating Obligations (NNO)	454	331	268
Total Depreciation and Amortization (D&A)	106	84	75
Debt-free, Cash-free Net Working Capital to Revenue	10.96%	6.05%	1.37%
Debt-free Net Working Capital to Revenue	12.29%	8.04%	3.35%
Net Working Capital to Revenue	6.47%	0.40%	1.75%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.58	($7.47)	($2.00)
Adjusted Weighted Average Basic Shares Outstanding	34.34M	34.72M	37.14M
Adjusted Diluted Earnings per Share	$1.49	($7.47)	($2.00)
Adjusted Weighted Average Diluted Shares Outstanding	36.51M	34.72M	37.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.75M	35.56M	43.37M
Normalized Net Operating Profit after Tax (NOPAT)	111	48	35
Normalized NOPAT Margin	9.20%	5.25%	4.23%
Pre Tax Income Margin	8.23%	-28.41%	-8.01%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.64	-3.22	-0.41
NOPAT to Interest Expense	0.90	-2.27	-0.50
EBIT Less CapEx to Interest Expense	2.15	-3.76	-1.13
NOPAT Less CapEx to Interest Expense	0.42	-2.81	-1.22
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-0.67%

This table displays calculated financial ratios and metrics derived from Thryv's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.60%	14.29%	-20.37%	-24.72%	-34.50%	-15.47%	-4.86%	-10.87%	-2.16%	-20.99%
EBITDA Growth	-36.92%	-99.98%	-38.85%	-60.50%	-99.49%	-1,779,241.67%	-3.79%	-8.46%	-22,778.23%	116.74%
EBIT Growth	-48.33%	-244.39%	-47.76%	-69.59%	-164.99%	-755.53%	-10.29%	-15.61%	-305.90%	108.14%
NOPAT Growth	-55.42%	-817.09%	-48.32%	-35.10%	-164.16%	-262.69%	-8.60%	-63.45%	-357.06%	96.46%
Net Income Growth	-62.72%	-1,091.45%	-72.21%	-72.45%	-303.66%	-410.54%	-9.56%	-65.28%	-255.21%	103.06%
EPS Growth	-61.05%	-1,470.00%	-71.59%	-73.29%	-310.81%	-437.96%	-12.00%	-65.12%	-239.74%	103.80%
Operating Cash Flow Growth	19.08%	-9.54%	10.17%	-7.80%	-2.97%	0.51%	-83.17%	-12.60%	-21.63%	-41.35%
Free Cash Flow Firm Growth	107.32%	87.67%	65.29%	514.85%	723.79%	1,187.15%	284.04%	112.97%	132.54%	-93.21%
Invested Capital Growth	0.54%	-3.45%	-7.84%	-12.22%	-16.20%	-42.18%	-39.97%	-38.04%	-48.95%	-3.81%
Revenue Q/Q Growth	-15.97%	-0.46%	-12.10%	2.39%	-26.89%	28.47%	-1.08%	-4.08%	-19.74%	3.75%
EBITDA Q/Q Growth	-49.08%	-99.98%	414,716.67%	-3.14%	-99.34%	-67,449.21%	122.43%	-7.85%	-262.89%	149.70%
EBIT Q/Q Growth	-64.06%	-180.85%	209.93%	-4.81%	-176.82%	-964.27%	111.53%	-10.45%	-469.47%	121.33%
NOPAT Q/Q Growth	-64.90%	-321.04%	144.43%	88.29%	-134.70%	-1,149.51%	111.20%	-24.69%	-533.83%	90.32%
Net Income Q/Q Growth	-77.10%	-479.86%	118.46%	71.55%	-269.27%	-852.23%	103.27%	-34.14%	-1,831.63%	108.21%
EPS Q/Q Growth	-77.02%	-470.27%	118.25%	72.00%	-281.40%	-844.87%	102.99%	-31.82%	-1,866.67%	110.57%
Operating Cash Flow Q/Q Growth	71.59%	-6.27%	-27.15%	-21.31%	80.58%	-2.91%	-87.80%	308.64%	61.91%	-27.34%
Free Cash Flow Firm Q/Q Growth	-34.86%	-203.51%	644.15%	67.57%	-12.72%	36.61%	92.23%	-7.08%	-4.70%	-96.01%
Invested Capital Q/Q Growth	-2.75%	-8.26%	-0.32%	-1.30%	-7.15%	-36.70%	3.49%	1.88%	-23.50%	19.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.58%	64.04%	63.04%	63.67%	56.38%	67.63%	65.76%	66.31%	62.26%	65.93%
EBITDA Margin	22.15%	0.00%	20.27%	19.18%	0.17%	-90.40%	20.50%	19.69%	-39.97%	19.15%
Operating Margin	11.07%	-23.90%	12.54%	12.21%	-10.54%	-102.53%	13.33%	13.98%	-49.25%	-3.86%
EBIT Margin	12.15%	-9.87%	12.34%	11.47%	-12.05%	-99.85%	11.63%	10.86%	-50.00%	10.28%
Profit (Net Income) Margin	4.73%	-18.06%	3.79%	6.36%	-14.71%	-109.05%	3.61%	2.48%	-53.42%	4.22%
Tax Burden Percent	68.03%	114.96%	67.44%	127.31%	72.53%	103.17%	60.95%	45.60%	94.70%	83.32%
Interest Burden Percent	57.26%	159.20%	45.58%	43.51%	168.29%	105.86%	50.85%	49.98%	112.80%	49.32%
Effective Tax Rate	31.97%	0.00%	32.56%	-27.31%	0.00%	0.00%	39.05%	54.40%	0.00%	16.68%
Return on Invested Capital (ROIC)	9.68%	-23.64%	11.09%	18.68%	-8.46%	-99.75%	11.02%	8.40%	-52.22%	-5.59%
ROIC Less NNEP Spread (ROIC-NNEP)	8.24%	-24.37%	8.77%	13.78%	-11.61%	-122.20%	8.29%	6.06%	-62.51%	-0.95%
Return on Net Nonoperating Assets (RNNOA)	12.37%	-35.15%	11.51%	15.94%	-12.13%	-179.19%	11.38%	7.68%	-84.17%	-1.63%
Return on Equity (ROE)	22.05%	-58.78%	22.60%	34.62%	-20.59%	-278.95%	22.40%	16.08%	-136.39%	-7.22%
Cash Return on Invested Capital (CROIC)	13.56%	9.92%	12.07%	-4.39%	15.57%	32.23%	29.00%	26.06%	32.26%	-1.03%
Operating Return on Assets (OROA)	10.63%	-9.57%	11.06%	10.01%	-9.93%	-93.37%	10.75%	10.11%	-51.55%	11.33%
Return on Assets (ROA)	4.14%	-17.52%	3.40%	5.55%	-12.12%	-101.98%	3.33%	2.30%	-55.07%	4.66%
Return on Common Equity (ROCE)	22.05%	-58.78%	22.60%	34.62%	-20.59%	-278.95%	22.40%	16.08%	-136.39%	-7.22%
Return on Equity Simple (ROE_SIMPLE)	26.04%	0.00%	7.63%	-2.94%	-13.15%	0.00%	-155.74%	-147.83%	-359.29%	0.00%
Net Operating Profit after Tax (NOPAT)	21	-47	21	39	-14	-169	19	14	-62	-6.00
NOPAT Margin	7.53%	-16.73%	8.46%	15.55%	-7.38%	-71.77%	8.12%	6.38%	-34.47%	-3.22%
Net Nonoperating Expense Percent (NNEP)	1.44%	0.74%	2.32%	4.90%	3.15%	22.45%	2.74%	2.35%	10.29%	-4.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-5.48%	-	-	-	-33.79%	-	-	-	-1.25%
Cost of Revenue to Revenue	37.42%	35.96%	36.96%	36.33%	43.62%	32.37%	34.24%	33.69%	37.74%	34.07%
SG&A Expenses to Revenue	19.48%	20.36%	19.42%	21.36%	26.26%	25.08%	22.44%	23.13%	28.34%	33.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.51%	87.94%	50.51%	51.46%	66.92%	170.15%	52.44%	52.32%	111.51%	69.79%
Earnings before Interest and Taxes (EBIT)	34	-28	30	29	-22	-236	27	24	-90	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	62	0.01	50	48	0.32	-213	48	44	-72	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.94	1.81	2.16	2.24	1.65	4.63	5.05	3.66	6.62	2.79
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.70	0.58	0.75	0.86	0.68	0.77	0.93	0.76	0.72	0.67
Price to Earnings (P/E)	7.44	12.76	28.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	13.44%	7.84%	3.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.43	1.37	1.55	1.61	1.34	2.15	2.35	1.96	2.36	1.76
Enterprise Value to Revenue (EV/Rev)	1.12	0.95	1.13	1.25	1.06	1.13	1.30	1.14	1.05	0.99
Enterprise Value to EBITDA (EV/EBITDA)	4.20	4.32	5.52	8.27	10.38	0.00	0.00	0.00	0.00	14.64
Enterprise Value to EBIT (EV/EBIT)	6.34	7.20	9.80	20.18	108.33	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	10.20	21.04	38.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.53	7.72	8.52	8.87	6.90	7.00	9.70	8.44	8.51	9.11
Enterprise Value to Free Cash Flow (EV/FCFF)	10.60	13.59	12.31	0.00	7.83	4.88	6.09	5.74	4.95	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.19	1.23	1.15	1.07	0.96	2.28	2.08	1.87	3.26	1.44
Long-Term Debt to Equity	1.03	1.05	0.97	0.90	0.78	1.83	1.77	1.58	2.70	1.38
Financial Leverage	1.50	1.44	1.31	1.16	1.05	1.47	1.37	1.27	1.35	1.71
Leverage Ratio	3.67	3.56	3.38	2.97	2.85	3.67	3.49	3.21	3.45	4.28
Compound Leverage Factor	2.10	5.66	1.54	1.29	4.79	3.88	1.77	1.61	3.89	2.11
Debt to Total Capital	54.42%	55.14%	53.46%	51.74%	48.98%	69.56%	67.54%	65.14%	76.50%	59.08%
Short-Term Debt to Total Capital	7.56%	8.22%	8.25%	8.36%	8.99%	13.96%	10.20%	10.00%	13.05%	2.73%
Long-Term Debt to Total Capital	46.86%	46.92%	45.21%	43.38%	39.99%	55.60%	57.34%	55.14%	63.46%	56.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	45.58%	44.86%	46.54%	48.26%	51.02%	30.44%	32.46%	34.86%	23.50%	40.92%
Debt to EBITDA	1.62	1.77	1.94	2.71	3.88	-3.03	-2.97	-2.82	-1.59	5.09
Net Debt to EBITDA	1.57	1.71	1.87	2.61	3.73	-2.87	-2.85	-2.70	-1.53	4.80
Long-Term Debt to EBITDA	1.39	1.51	1.64	2.27	3.17	-2.42	-2.52	-2.39	-1.32	4.85
Debt to NOPAT	3.93	8.61	13.37	-2.83	-22.10	-2.49	-2.49	-2.46	-1.64	-12.20
Net Debt to NOPAT	3.82	8.32	12.92	-2.73	-21.25	-2.36	-2.38	-2.34	-1.57	-11.50
Long-Term Debt to NOPAT	3.39	7.33	11.31	-2.37	-18.04	-1.99	-2.11	-2.08	-1.36	-11.64
Altman Z-Score	1.44	1.26	1.54	1.63	1.18	-0.04	1.26	1.07	0.33	0.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.26	1.31	1.30	1.16	1.01	1.15	1.14	1.04	1.07
Quick Ratio	1.03	1.00	0.97	1.09	0.91	0.85	0.91	0.92	0.85	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	16	-17	92	154	134	183	352	327	312	12
Operating Cash Flow to CapEx	487.97%	448.54%	629.11%	286.32%	515.63%	425.61%	74.72%	248.24%	423.29%	296.84%
Free Cash Flow to Firm to Interest Expense	1.12	-1.03	5.56	9.43	8.86	13.26	26.36	26.87	27.08	1.28
Operating Cash Flow to Interest Expense	3.25	2.72	1.96	1.56	3.03	3.23	0.41	1.83	3.12	2.69
Operating Cash Flow Less CapEx to Interest Expense	2.58	2.11	1.65	1.02	2.45	2.47	-0.14	1.09	2.39	1.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.97	0.90	0.87	0.82	0.94	0.92	0.93	1.03	1.10
Accounts Receivable Turnover	3.87	4.27	3.95	3.91	3.93	3.74	3.80	4.01	4.66	4.49
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.77	25.78	25.88	25.27	23.98	22.66	23.83	22.98	23.27	19.84
Accounts Payable Turnover	23.61	30.60	31.66	49.70	27.54	23.10	22.84	39.01	39.75	24.57
Days Sales Outstanding (DSO)	94.32	85.57	92.51	93.32	92.93	97.56	95.99	90.99	78.37	81.30
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	15.46	11.93	11.53	7.34	13.25	15.80	15.98	9.36	9.18	14.86
Cash Conversion Cycle (CCC)	78.86	73.64	80.98	85.98	79.68	81.77	80.01	81.64	69.19	66.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	911	836	833	823	764	483	500	510	390	465
Invested Capital Turnover	1.28	1.41	1.31	1.20	1.15	1.39	1.36	1.32	1.51	1.74
Increase / (Decrease) in Invested Capital	4.87	-30	-71	-115	-148	-353	-333	-313	-374	-18
Enterprise Value (EV)	1,307	1,147	1,291	1,325	1,021	1,037	1,178	997	921	818
Market Capitalization	818	694	853	907	654	707	844	671	626	550
Book Value per Share	$12.25	$11.09	$11.37	$11.61	$11.48	$4.34	$4.75	$5.11	$2.60	$4.68
Tangible Book Value per Share	($8.36)	($6.34)	($5.84)	($5.65)	($5.63)	($4.79)	($4.10)	($3.48)	($3.52)	($2.16)
Total Capital	926	852	849	838	778	502	515	525	402	481
Total Debt	504	470	454	433	381	349	348	342	308	284
Total Long-Term Debt	434	400	384	363	311	279	295	290	255	271
Net Debt	489	454	438	418	367	331	333	327	295	268
Capital Expenditures (CapEx)	9.70	9.89	5.14	8.88	8.90	10	7.28	8.95	8.50	8.81
Debt-free, Cash-free Net Working Capital (DFCFNWC)	147	132	146	126	94	55	73	69	49	11
Debt-free Net Working Capital (DFNWC)	161	148	162	141	109	74	88	85	61	28
Net Working Capital (NWC)	91	78	92	71	39	3.68	35	33	8.99	14
Net Nonoperating Expense (NNE)	7.86	3.71	11	23	13	88	11	8.74	34	-14
Net Nonoperating Obligations (NNO)	489	454	438	418	367	331	333	327	295	268
Total Depreciation and Amortization (D&A)	28	28	19	19	22	22	21	20	18	17
Debt-free, Cash-free Net Working Capital to Revenue	12.58%	10.96%	12.85%	11.94%	9.79%	6.05%	8.11%	7.92%	5.61%	1.37%
Debt-free Net Working Capital to Revenue	13.81%	12.29%	14.20%	13.38%	11.32%	8.04%	9.70%	9.69%	7.04%	3.35%
Net Working Capital to Revenue	7.81%	6.47%	8.06%	6.76%	4.03%	0.40%	3.90%	3.70%	1.03%	1.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.39	($1.48)	$0.27	$0.46	($0.78)	($7.42)	$0.24	$0.15	($2.65)	$0.26
Adjusted Weighted Average Basic Shares Outstanding	34.27M	34.34M	34.61M	34.58M	34.85M	34.72M	35.19M	36.00M	36.31M	37.14M
Adjusted Diluted Earnings per Share	$0.37	($1.37)	$0.25	$0.43	($0.78)	($7.37)	$0.22	$0.15	($2.65)	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	35.81M	36.51M	36.98M	36.86M	34.85M	34.72M	37.99M	37.63M	36.31M	37.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.48M	34.75M	34.82M	34.60M	35.17M	35.56M	35.83M	36.30M	42.04M	43.37M
Normalized Net Operating Profit after Tax (NOPAT)	21	-47	21	21	-14	-169	19	22	-3.83	-6.00
Normalized NOPAT Margin	7.53%	-16.73%	8.46%	8.55%	-7.38%	-71.77%	8.12%	9.79%	-2.13%	-3.22%
Pre Tax Income Margin	6.96%	-15.71%	5.62%	4.99%	-20.28%	-105.70%	5.92%	5.43%	-56.41%	5.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.34	-1.69	1.84	1.77	-1.46	-17.07	2.03	2.00	-7.81	1.97
NOPAT to Interest Expense	1.45	-2.86	1.26	2.40	-0.90	-12.27	1.42	1.17	-5.38	-0.62
EBIT Less CapEx to Interest Expense	1.67	-2.30	1.53	1.23	-2.05	-17.82	1.49	1.26	-8.55	1.07
NOPAT Less CapEx to Interest Expense	0.79	-3.47	0.95	1.85	-1.48	-13.02	0.88	0.44	-6.12	-1.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.67%

Financials Breakdown Chart

Key Financial Trends

Thryv (THRY) has faced a challenging revenue backdrop over the last four years, but the company has shown sustainable cash generation and selective profitability in recent quarters. Below are the key trends drawn from the quarterly statements provided (Q1–Q4 2024, plus select 2023–2022 data) aimed at helping retail investors assess the trajectory and risk factors.

Q4 2024 net income and earnings per share Net income attributable to common shareholders was $7.883 million for Q4 2024, with basic earnings per share of $0.26 and diluted earnings per share of $0.28, marking a positive quarterly profitability signal after a weaker mid-2024 period.
Healthy gross margin in latest quarter Total gross profit in Q4 2024 was $123.027 million on revenue of $186.596 million, yielding a gross margin of about 66%. This indicates solid product profitability despite top-line declines in some quarters.
Consistent operating cash flow across 2024 Thryv generated positive cash from continuing operating activities in all four 2024 quarters, with quarterly amounts around $5.4 million (Q1) to $35.98 million (Q3) and $26.14 million (Q4). 2024 year-to-date operating cash flow was roughly $89.8 million, underscoring meaningful cash generation from core operations.
Positive free cash flow in the latest quarter In Q4 2024, after roughly $8.8 million of capital expenditures, free cash flow is estimated to be about $17.3 million, signaling cash generation after sustaining investments.
One-time impairment weight on profitability in 2024 Q3 2024 included an impairment expense of about $83.1 million, a non-cash item that depressed quarterly earnings but did not reflect ongoing operating cash performance.
Substantial investing outlays in Q4 2024 The quarter included notable investing activity, including acquisitions of about $76.9 million and property, plant & equipment purchases of roughly $8.8 million, contributing to a sizable near-term cash outflow despite strong operating cash flow.
2024 top-line trend softer vs. 2023 Revenue declined to about $186.6 million in Q4 2024 from $236.2 million in Q4 2023, and quarterly revenue figures for 2024 generally trended lower vs. 2023, indicating slower year-over-year top-line growth.
Profitability volatility, including quarterly losses While Q4 2024 was positive, several quarters within 2024 showed losses or weak profitability (for example, Q3 2024 net income was negative at about −$96.1 million), highlighting earnings volatility quarter to quarter.
Balance-sheet leverage concerns At the end of 2024 Q3, total liabilities were about $560.2 million vs. total equity of roughly $94.5 million, indicating a relatively high leverage position and sizable debt load relative to equity.

05/07/26 01:03 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Thryv's Financials

When does Thryv's financial year end?

According to the most recent income statement we have on file, Thryv's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Thryv's net income changed over the last 2 years?

Thryv's net income appears to be on an upward trend, with a most recent value of -$74.22 million in 2024, falling from $54.35 million in 2022. The previous period was -$259.30 million in 2023. Find out what analysts predict for Thryv in the coming months.

What is Thryv's operating income?

Thryv's total operating income in 2024 was -$33.30 million, based on the following breakdown:

Total Gross Profit: $537.24 million
Total Operating Expenses: $570.54 million

How has Thryv's revenue changed over the last 2 years?

Over the last 2 years, Thryv's total revenue changed from $1.20 billion in 2022 to $824.16 million in 2024, a change of -31.5%.

How much debt does Thryv have?

Thryv's total liabilities were at $515.25 million at the end of 2024, a 18.3% decrease from 2023, and a 35.2% decrease since 2022.

How much cash does Thryv have?

In the past 2 years, Thryv's cash and equivalents has ranged from $16.03 million in 2022 to $18.22 million in 2023, and is currently $16.31 million as of their latest financial filing in 2024.

How has Thryv's book value per share changed over the last 2 years?

Over the last 2 years, Thryv's book value per share changed from 11.09 in 2022 to 4.68 in 2024, a change of -57.8%.

Related Companies

Financial statements for NASDAQ:THRY last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Thryv (THRY) Financials

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