---
schema_version: "secwatch.filing_event.v1"
accession: "0001556739-25-000039"
form_type: "8-K"
ticker: "THRY"
cik: "0001556739"
company_name: "Thryv Holdings, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T00:21:10.506853+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Thryv Q1 SaaS revenue surges 50% to $111M; net loss of $9.6M vs year-ago profit

## Summary
- SaaS revenue $111.1M (+50% YoY); marketing services revenue $70.2M (-56% YoY).
- Net loss $9.6M ($0.22 loss/diluted share) vs net income $8.4M ($0.22 EPS) in Q1 2024.
- Consolidated adjusted EBITDA $20.9M (11.5% margin); SaaS adjusted EBITDA $10.8M (9.7% margin).
- Seasoned NRR 103% (+900 bps YoY ex-Keap); SaaS clients 111k (+59% YoY).
- Q2 SaaS revenue guidance $113-$115M; FY2025 SaaS revenue $460.5-$471.0M.

## SEC filing metadata
- accession: 0001556739-25-000039
- form_type: 8-K
- ticker: THRY
- cik: 0001556739
- company_name: Thryv Holdings, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556739/000155673925000039/0001556739-25-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556739/000155673925000039/thryv-20250501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001556739-25-000039
- JSON: https://secwatch.observer/filing/0001556739-25-000039.json
- Plain text: https://secwatch.observer/filing/0001556739-25-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.