James McCusker
On November 6, 2024, Thryv Holdings, Inc. (the “Company”) and James McCusker, Chief Revenue Officer and executive vice president of the Company, mutually agreed that Mr. McCusker would leave the Company effective January 6, 2025 .
Highest-materiality recent filing
Thryv replaces 2026 STIP with H2 Bridge Plan after restructuring; targets set
Effective July 1, 2026, 2026 STIP replaced by H2 2026 Bridge Plan for all prior STIP participants, including NEOs.
Thryv Q2 net loss $16.7M; restructuring with $20-25M charges; SaaS ARPU up 12% to $394
Net loss of $16.7M ($0.38 per share) vs net income of $13.9M in Q2 2025.
Thryv shareholders elect two Class III directors, ratify Grant Thornton
John Slater elected with 25,390,311 votes for, 6,134,280 withheld; Joseph Walsh with 25,667,985 for, 5,856,606 withheld.
Thryv Q1 SaaS revenue $116.7M (+5% YoY); net income $4.5M vs loss; FY SaaS rev guidance $463-471M
SaaS revenue $116.7M (+5% YoY); marketing services $50.9M (-27.5%); total $167.7M (-7.5%).
Thryv Q4 SaaS revenue up 14% to $119M; full-year SaaS revenue +34%; net loss $9.7M
Q4 SaaS revenue $119.0M (+14.1% YoY); Marketing Services revenue $72.6M (-11.7% YoY).
Thryv reports Q4 SaaS revenue up 14% YoY, net loss of $9.66M; FY2026 revenue guidance $611-631M
Q4 consolidated revenue $191.6M (+2.7% YoY); SaaS revenue $119.0M (+14.1%), Marketing Services revenue $72.6M (-11.7%).
Thryv approves cash retention bonus for three NEOs; 50% of salary tied to 2026-2027 milestones
Three named executives (President, COO/CSO EVP, Chief Legal Officer/HR) get one-time cash retention bonus of 50% of base salary.
Thryv Q3 SaaS revenue +33% to $115.9M; net income of $5.7M vs $96.1M loss YoY
SaaS revenue $115.9M (+33% YoY); SaaS monthly ARPU $365 (+19% YoY).
Thryv Q2 SaaS revenue up 48% to $115M; raises FY 2025 EBITDA guidance
SaaS revenue $115M (+48% YoY); net income $13.9M ($0.31/diluted) vs $5.5M ($0.15)
Ryan O'Hara reelected with 27.4M votes for, 6.8M withheld; Lou Orfanos with 33.1M for, 1.1M withheld.
SaaS revenue $111.1M (+50% YoY); Marketing Services $70.2M (-56% YoY); total revenue $181.4M (-22%).
Thryv Q1 SaaS revenue surges 50% to $111M; net loss of $9.6M vs year-ago profit
SaaS revenue $111.1M (+50% YoY); marketing services revenue $70.2M (-56% YoY).
Thryv Q4 SaaS revenue up 41% YoY to $104.3M, net income positive; guides FY25 SaaS rev $464-474M
Q4 Total SaaS revenue $104.3M (+41% YoY); Thryv SaaS (ex-Keap) $90.9M (+23% YoY).
Thryv CRO James McCusker departs Dec 31, 2024; severance includes $1.08M cash
Separation date moved from Jan 6 to Dec 31, 2024; mutual agreement.
Thryv sets 2025 organic SaaS revenue growth of 18-20%; Keap revenue $75-78M
SaaS revenue to become majority of total revenue in 2025; SaaS EBITDA majority in 2026.
Thryv sells 857,250 additional shares to underwriter, netting $11.5M
Sold 857,250 shares to RBC Capital Markets on Nov 12, 2024 under option from Oct 29 underwriting agreement.
Thryv Holdings CRO James McCusker to depart effective Jan 6, 2025
James McCusker, Chief Revenue Officer and EVP, leaving Thryv Holdings effective Jan 6, 2025.
Thryv Q3 SaaS revenue +29% to $87.1M; closes Keap acquisition; raises FY SaaS guidance
SaaS revenue $87.1M (+29% YoY); Marketing Services revenue $92.8M (-20% YoY).
Thryv prices $80M stock offering at $14/share to fund Keap acquisition
Priced 5,715,000 shares at $14.00 each; gross proceeds ~$80M; underwriter has 30-day option for 857,250 additional shares.
Thryv to acquire Keap for $80M, announces $75M equity offering and preliminary Q3 results
Thryv entered into a merger agreement to acquire all outstanding capital stock of Infusion Software (Keap) for $80 million in cash.
Thryv Q2 SaaS rev +25% to $77.8M, raises FY2024 SaaS Adj EBITDA guidance to $30-32M
SaaS revenue $77.8M (+25% YoY); consolidated rev $224.1M (-11% YoY).
Thryv shareholders elect three Class I directors and ratify auditor at annual meeting
Amer Akhtar, Bonnie Kintzer, and Lauren Vaccarello elected Class I directors with over 24M votes each.
Entered $350M term loan and $85M ABL credit facilities with Citizens Bank, maturing 2029 and 2028 respectively.
Thryv Holdings Chief Strategy Officer Gordon Henry to depart March 22, 2024
Gordon Henry, Chief Strategy Officer and EVP, mutually agreed to leave effective March 22, 2024.
Thryv Q4 SaaS revenue $74M (+25% YoY); guides FY2024 SaaS rev $325-328M
Consolidated Q4 revenue $236.2M (-15% YoY); net loss $257.5M includes $268.8M goodwill impairment.
Thryv Q3 SaaS revenue rises 19% to $67.4M; net loss $27M; full-year SaaS guidance raised
SaaS revenue $67.4M (+19% YoY); consolidated revenue $183.8M (-35% YoY) due to Marketing Services decline.
Thryv promotes CCO Grant Freeman to President effective Sept 1, 2023
Freeman had served as Chief Customer Officer since Oct 2021; promoted to new President role.
Thryv reports warrant exercise, share issuance, and expiration of all warrants
As of June 30, 2023, 9,416,830 warrants outstanding exercisable for 5,231,572 shares at $24.39.
Thryv Q2 SaaS revenue up 20% YoY to $62.5M; raises FY2023 guidance
SaaS revenue $62.5M (+20% YoY); ARPU $377 (+5%); clients 56K (+12%); Seasoned NDR 89%.
Thryv settles tax indemnity from 2017 acquisition; Sellers transfer 613,954 shares for $15.8M
Settlement resolves $15.76M tax indemnity from 2017 YP acquisition; Sellers transfer 613,954 shares to Thryv for cancellation.
Thryv Holdings annual meeting results: directors elected, auditor ratified
Elected John Slater (15.6M for, 11.0M withheld) and Joseph A. Walsh (16.6M for, 10.0M withheld) as Class III directors.
Thryv Q1 SaaS rev +24% to $59.9M; net income $9.3M; acquires Yellow Holdings NZ
SaaS revenue $59.9M (+24.4% YoY); SaaS clients up 15% to 54k; ARPU $379.
Thryv Q4 SaaS revenue up 25% to $59.3M; net loss $50.4M on $102M goodwill impairment
SaaS revenue $59.3M (+24.9% YoY); SaaS ARPU $387 (+10% YoY); SaaS clients 52k (+13% YoY).
Thryv Q3 SaaS revenue up 26% YoY to $56.6M; raises FY2022 guidance
SaaS revenue $56.6M (+26.1% YoY); Marketing Services revenue $224M (-11.2% YoY).
Thryv beats Q2 with SaaS revenue up 26% YoY; raises FY22 guidance
Total SaaS revenue $52.2M (+26.1% YoY); Marketing Services $281.8M (+12.9%); consolidated $334M (+14.8%).
Thryv shareholders elect two Class II directors, ratify auditor, approve executive compensation
Ryan O'Hara elected director with 23,515,012 votes for, 1,822,388 withheld.
Thryv Q1 SaaS revenue up 29%; raises FY2022 revenue guidance
SaaS revenue $48.2M (+29.3% YoY); total revenue $308.4M (+9.9%).
Thryv Holdings dismisses EY as auditor; engages Grant Thornton
Audit Committee dismissed EY as independent registered public accounting firm effective April 11, 2022.
Thryv targets $1B SaaS revenue by 2027, $4B by 2032 at Investor Day
Targets SaaS revenue of $1B by 2027 and $4B by 2032; re-affirms Q1 and FY2022 guidance.
Thryv reports Q4/FY21 results above guidance; acquires Vivial for $21M; provides Q1/FY22 outlook
Q4 total SaaS revenue $47.1M (+36% YoY); consolidated revenue $244.4M (-1% YoY); adj. EBITDA $46.5M (19% margin).
CEO Joe Walsh appointed Chairman of Thryv Board; Jason Mudrick resigns
Jason Mudrick resigned as board chair and director effective Nov 30, 2021; no disagreement with company.
Thryv Q3 SaaS revenue $45M (+41% YoY); raises 2021 SaaS guidance to $169-171M
US SaaS revenue $45M (+41% YoY); total revenue $297M (+24%); net income $36M.
Thryv raises 2021 SaaS revenue guidance; Q2 US SaaS revenue up 32% YoY to $41.4M
Q2 US SaaS revenue $41.4M (+32% YoY); total revenue $291M, net income $24.4M.
On November 6, 2024, Thryv Holdings, Inc. (the “Company”) and James McCusker, Chief Revenue Officer and executive vice president of the Company, mutually agreed that Mr. McCusker would leave the Company effective January 6, 2025 .
On March 8, 2024, Thryv Holdings, Inc. (the “Company”) and Gordon Henry, Chief Strategy Officer and executive vice president of the Company, mutually agreed that Mr. Henry would leave the Company effective March 22, 2024 . .
On August 18, 2023, the Board of Directors (the “Board”) of Thryv Holdings, Inc. (“Thryv” or the “Company”) appointed Mr. Grant Freeman as the Company’s President, effective as of September 1, 2023.
On December 3, 2021, the Board appointed director Joe Walsh as Chair of the Board, effective immediately.
On November 30, 2021, Jason Mudrick resigned from his position as a member of the Board of Directors (“Board”) of Thryv Holdings, Inc. (the “Company”) , as Chair of the Board, and as a member of the Compensation Committee and the Nominating and Corporate Governance Committee of the Board effective immediately .
Max materiality 0.90 · Median 0.70 · Most common event earnings