Thryv Holdings, Inc. (NASDAQ:THRY) submitted its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing a going-concern warning and ongoing strategic initiatives including a planned divestiture of its print business.

Key Highlights

  • Going-concern warning: The filing discloses "substantial doubt about our ability to continue as a going concern," as described in Note 1 of the financial statements.
  • Shares outstanding: As of November 6, 2026, there were 44,453,971 shares of common stock outstanding.
  • Filer classification: Thryv is classified as an accelerated filer and a smaller reporting company under SEC rules.
  • Print Transaction risk: The filing identifies a risk that "the Print Transaction may not be completed on the anticipated terms or timeline, or at all."
  • Debt-covenant risk: The company warns of potential consequences if it fails to comply with financial covenants, including the possibility of "an event of default, acceleration of amounts outstanding" under its debt agreements.
  • Commission File Number: The filing carries Commission File Number 001-35895, with the registrant incorporated in Delaware.

Thryv's Going-Concern Disclosure and Debt Pressures in Q3 2026

Thryv Holdings, a Delaware-incorporated company headquartered at 1301 Municipal Way, Suite 220, Grapevine, TX 76051, filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission. The filing covers two principal business segments: Marketing Services, which serves small to medium-sized businesses, and a Software as a Service platform known as the Thryv platform. The company's common stock, with a par value of $0.01 per share, is listed on the Nasdaq Stock Market LLC under the symbol THRY.

A central disclosure in the filing is the going-concern warning. According to the filing, management has identified "conditions and events that have raised substantial doubt about our ability to continue as a going concern" and has developed plans intended to address those conditions. Among the stated risk factors is the company's ability to "service our debt, maintain sufficient liquidity, comply with the covenants under our debt agreements, obtain any necessary waivers, amendments or other modifications to such agreements on acceptable terms or at all." The filing notes that any failure to comply with financial covenants could result in an event of default or acceleration of outstanding debt amounts.

The filing also highlights the Print Transaction, described as a planned strategic divestiture, as a significant near-term event. The company cautions that it may not be able to "achieve the anticipated financial, operational and strategic benefits of the Print Transaction" and that proceeds from the transaction are part of management's plan to reduce leverage. Additional risk factors disclosed include cybersecurity exposures, the challenge of retaining small to medium-sized business clients, and the ongoing transition of Marketing Services clients to the Thryv SaaS platform. The filing notes that forward-looking statements are subject to the company's cautionary language and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

What Was Disclosed

Thryv Holdings submitted a Form 10-Q for the quarter ended September 30, 2026, reporting 44,453,971 shares outstanding as of November 6, 2026. The filing carries Commission File Number 001-35895 and identifies the company as an accelerated filer and smaller reporting company incorporated in Delaware. Key disclosures include a going-concern warning, debt-covenant compliance risks, and uncertainty surrounding the planned Print Transaction divestiture.