Key Highlights

  • Thryv Holdings (NASDAQ:THRY) was indicated at USD 0.99 pre-market on Tuesday, November 10, 2026, down 22.76% from a calculated prior close of USD 1.28 after results released on November 9.
  • Third-quarter Revenue from continuing operations fell 13.5% to USD 118.9 million from USD 137.4 million, and SaaS revenue fell 3.3% to USD 112.0 million while Marketing Services fell 67.9% to USD 6.9 million.
  • A non-cash Goodwill Impairment of USD 94.8 million drove an operating loss of USD 110.3 million and a total net loss of USD 103.1 million, or USD 2.32 per diluted share.
  • Consolidated adjusted EBITDA was USD 4.2 million against negative USD 4.6 million, and cash was USD 8.8 million against a USD 142.0 million agreed print Business sale.

What Moved Thryv Pre-Market (-22.76%)

The Thryv Holdings (NASDAQ:THRY) quote of USD 0.99 compares with a calculated prior close of USD 1.28, a gap of about USD 0.29 per share. On 44,447,599 shares outstanding at September 30, 2026, calculated Market Value falls from about USD 57.0 million to about USD 44.0 million. The company released third-quarter results on November 9, 2026 and held its call at 4:30 p.m. ET. Gross Profit was USD 73.7 million, a 62.0% margin, against USD 85.7 million. The operating loss was USD 110.3 million against USD 25.2 million, and restructuring and integration expenses were USD 4.2 million. Net loss from continuing operations was USD 116.0 million, or USD 2.61 per share, against USD 24.9 million, or USD 0.57. Nine-month revenue was USD 376.3 million, down 10.7%.

Why Thryv Fell: Impairment, Guidance and General Context

The catalyst identified is the third-quarter release. Fourth-quarter SaaS adjusted EBITDA is guided to negative USD 4.5 million to negative USD 5.5 million, and Marketing Services adjusted EBITDA to negative USD 11.0 million to negative USD 12.0 million. Full-year SaaS revenue is guided to USD 453.0 million to USD 454.0 million and SaaS adjusted EBITDA to USD 16.5 million to USD 17.5 million. Goodwill dropped to USD 159.0 million from USD 253.8 million at year-end 2025. The company agreed on September 12, 2026 to sell its print business to Coldwater YP for USD 142.0 million in cash, with closing expected in the fourth quarter, and plans to exit Marketing Services by the end of 2028. As general context, a large impairment and a negative fourth-quarter outlook can pressure a small cap even when part of the loss is non-cash.

Valuation, Liquidity and Risks for Thryv

Cash was USD 8.8 million, and calculated debt, adding the current and long-term term loans and the asset-based facility, was about USD 239.2 million. The agreed USD 142.0 million sale price is about 2.5 times the calculated prior-close market value, simple arithmetic on two published numbers, though closing is not guaranteed. SaaS clients were 98 thousand, monthly ARPU was USD 373 and seasoned net revenue retention was 89%. A 52-week range, average Volume and pre-market volume could not be confirmed in published coverage, so none is given. The risks are thin pre-market volume, wide spreads, closing risk on the print sale, shrinking Marketing Services revenue and Reversal after the 9:30 a.m. ET open. A price below USD 1.00 also raises the general question of exchange minimum bid rules, though no notice is reported here.

Where Things Stand

Thryv (NASDAQ:THRY) is down 22.76% pre-market on Tuesday, November 10, 2026 after a quarter with a USD 94.8 million goodwill impairment, a USD 103.1 million net loss and fourth-quarter SaaS adjusted EBITDA guided below zero. The USD 0.99 quote reflects thin trading and may reverse at the open. The USD 142.0 million print sale, expected to close in the fourth quarter, is the largest swing Factor in the balance sheet.