Thryv (THRY)
Runs Thryv business-management software alongside legacy marketing services.
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Serves small businesses through the Thryv business-management platform and Marketing Services. Built from U.S. Yellow Pages operators, the business is shifting toward SaaS while winding down print and digital marketing.
Combines the Thryv business-management platform with Marketing Services for small businesses. The platform handles customer lists, communications, online listings, appointments, estimates, invoices and payments; Marketing Services provides digital and print marketing.
Born from U.S. Yellow Pages operators, the business added Australian and New Zealand marketing companies plus Keap, an email-marketing and sales platform for small businesses. A Remote First model has most employees working remotely.
Marketing Services is scheduled to end by the close of 2028, with final print directories published that December. Client retention and upselling, third-party relationships, and acquisition integration shape the transition.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | RBC Capital | Reiterate | Rating: —Target: $7 | Target: $3 |
| Feb 26, 2026 | Needham | Reiterate | Rating: —Target: $14 | Target: $6 |
| Feb 20, 2026 | RBC Capital | Reiterate | Rating: —Target: — | Target: $7 |
| Nov 4, 2025 | William Blair | Downgrade | ||
| Oct 31, 2025 | Craig-Hallum | Target | Target: $25 | Target: $10 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $9.1M · Total debt $243.7M · Total assets $654.1M · Shareholders' equity $211.6M
- Revenue
- $150.7M
- Operating income
- −$1.1M
- Net income
- −$16.7M
No dividends on record.
| Institutions | 90.13% | 40.05M shares | |
|---|---|---|---|
| 133 holders · as of Jun 30, 2026 | |||
| Insiders | 10.53% | 4.68M shares | |
| 12 holders · as of Sep 18, 2026 | |||
| Adds to | 100.66% | ||
44.44M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 100.66%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Paulson & Co. Inc.Institution | 19.00% | 8.44M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 13.05% | 5.80M | as of Jun 30, 2026 |
Wasatch Advisors, Inc.Institution | 5.42% | 2.41M | filed Feb 10, 2022 |
Joseph A. WalshInsider | 5.18% | 2.30M | filed Feb 14, 2022 |
AQR Capital Management LLCInstitution | 4.86% | 2.16M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Joe Walsh | director, officer: Chairman and CEO | +25,000 | $1.80 |
| Aug 4, 2026 | Paulson & Co. Inc. | 10 percent owner | +254,573 | $2.82 |
| Aug 5, 2026 | Paulson & Co. Inc. | 10 percent owner | +144,975 | $2.79 |
| Mar 17, 2026 | John Slater | director | +2,000 | $2.66 |
| Mar 18, 2026 | Lou Orfanos | director | +5,000 | $2.60 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Thryv | $1.97 | −1.47% | $88.7M | — | — | 0.1 | −28.4% |
| HubSpot | $220.00 | +2.87% | $10.95B | 75.6 | 14.5 | 3.2 | +19.8% |
| Intuit | $291.70 | −4.08% | $83.19B | 18.4 | 12.4 | 3.9 | +13.7% |
| GoDaddy | $98.76 | −5.74% | $13.87B | 15.5 | 12.0 | 2.7 | +6.6% |
| Wix | $80.87 | −3.18% | $4.38B | — | 13.3 | 2.1 | +14.9% |
| Salesforce | $232.88 | −1.50% | $193.63B | 21.6 | 15.9 | 4.4 | +10.8% |
| ServiceTitan | $60.67 | +7.33% | $5.39B | — | 47.6 | 5.1 | +20.9% |
| Median | 20.0 | 13.9 | 3.5 | +14.3% |