Quarterly ResultApr 30, 2026, 07:37 AM
THRY Q1 Net Income $4.5M; SaaS Revenue +5% to $116.7M
AI Summary
Thryv Holdings, Inc. reported strong first-quarter 2026 results, with consolidated net income reaching $4.5 million, a significant improvement from a net loss in the prior year. SaaS revenue grew 5.0% year-over-year to $116.7 million, now comprising 70% of total revenue. The company also provided guidance for Q2 and full-year 2026, anticipating continued SaaS growth and exceeding total company revenue and EBITDA guidance.
Key Highlights
- Q1 2026 consolidated net income was $4.5M ($0.10 EPS), up from a $9.6M net loss ($0.22 loss EPS) in Q1 2025.
- Q1 2026 SaaS revenue increased 5.0% YoY to $116.7M, representing 70% of total revenue.
- Q1 2026 consolidated total revenue decreased 7.5% YoY to $167.7M.
- Q1 2026 consolidated Adjusted EBITDA rose 15.1% YoY to $24.1M.
- SaaS monthly Average Revenue per Unit (ARPU) increased 12.8% YoY to $378.
- Marketing Center revenue grew 29% YoY in Q1 2026.
- Forecasts Q2 2026 SaaS revenue of $114M-$115M and full-year SaaS revenue of $463M-$471M.