Thryv Holdings Inc. Common Stock (THRY)

FairStock Score: 31/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking at a company that is cheap for a reason. Thryv serves small and midsize businesses with marketing services and software. Revenue has fallen from $917.0 million in FY2023 to $824.2 million in FY2024 to $785.0 million in FY2025. In the quarter ended 2026-06-30, revenue was $150.7 million, net income was -$16.7 million, and diluted EPS was -$0.38; the latest quarter's margin was -11.05%. That follows positive net income in the quarter ended 2026-03-31 ($4.5 million) and the quarter ended 2025-09-30 ($5.7 million), so the trend is unstable. The market cap is only $56.9 million at the 2026-10-13 close, while trailing free cash flow was $38.2 million per FairStock, a 67.1% FCF yield. EV/EBITDA is 4.49, P/B 0.27, P/E -3.56, and FairStock Score is 31/100. These are deep-value signals, but Piotroski 3/9 and Altman Z -0.95 warn about financial fragility. Debt/equity is 1.16, ROE -7.56%, ROCE 2.34%. The company has no durable moat that I can see: print yellow pages are fading, and the SaaS transition is not yet offsetting declines. The Lynch category is TURNAROUND, because it returned to profit after a loss within the last three years, but FY2025 net income was only $307,000. I would want evidence that revenue stabilizes and that cash flow is not just shrinking working capital. At this price, the market is pricing distress; unless operations recover, cheap book value may be a trap.

In plain English: Thryv sells digital marketing and cloud software to small and medium-sized businesses. Sales are shrinking and the company lost money in its latest quarter, though it generates cash and trades at a very low price compared with its accounting value and cash flow. The stock looks cheap on several measures, but the weak trends mean that cheapness may reflect real trouble.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer