vs

Side-by-side financial comparison of ANAPTYSBIO, INC (ANAB) and Thryv Holdings, Inc. (THRY). Click either name above to swap in a different company.

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $108.2M, roughly 1.5× ANAPTYSBIO, INC). ANAPTYSBIO, INC runs the higher net margin — 45.8% vs 2.7%, a 43.1% gap on every dollar of revenue. On growth, ANAPTYSBIO, INC posted the faster year-over-year revenue change (151.1% vs -7.5%). ANAPTYSBIO, INC produced more free cash flow last quarter ($98.0M vs $-5.5M). Over the past eight quarters, ANAPTYSBIO, INC's revenue compounded faster (288.3% CAGR vs -13.5%).

AnaptysBio, Inc. is a clinical-stage biotechnology company focused on developing antibody-based immunotherapies for inflammatory diseases, immuno-oncology indications, and rare disease conditions. It primarily serves the U.S. market, advancing its innovative product candidate pipeline to address unmet medical needs via rigorous research and clinical development.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

ANAB vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
1.5× larger
THRY
$167.7M
$108.2M
ANAB
Growing faster (revenue YoY)
ANAB
ANAB
+158.6% gap
ANAB
151.1%
-7.5%
THRY
Higher net margin
ANAB
ANAB
43.1% more per $
ANAB
45.8%
2.7%
THRY
More free cash flow
ANAB
ANAB
$103.4M more FCF
ANAB
$98.0M
$-5.5M
THRY
Faster 2-yr revenue CAGR
ANAB
ANAB
Annualised
ANAB
288.3%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANAB
ANAB
THRY
THRY
Revenue
$108.2M
$167.7M
Net Profit
$49.6M
$4.5M
Gross Margin
65.2%
Operating Margin
61.8%
37.3%
Net Margin
45.8%
2.7%
Revenue YoY
151.1%
-7.5%
Net Profit YoY
327.8%
147.2%
EPS (diluted)
$1.64
$0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ANAB
ANAB
THRY
THRY
Q1 26
$167.7M
Q4 25
$108.2M
$191.6M
Q3 25
$76.3M
$201.6M
Q2 25
$22.3M
$210.5M
Q1 25
$27.8M
$181.4M
Q4 24
$43.1M
$186.6M
Q3 24
$30.0M
$179.9M
Q2 24
$11.0M
$224.1M
Net Profit
ANAB
ANAB
THRY
THRY
Q1 26
$4.5M
Q4 25
$49.6M
$-9.7M
Q3 25
$15.1M
$5.7M
Q2 25
$-38.6M
$13.9M
Q1 25
$-39.3M
$-9.6M
Q4 24
$-21.8M
$7.9M
Q3 24
$-32.9M
$-96.1M
Q2 24
$-46.7M
$5.5M
Gross Margin
ANAB
ANAB
THRY
THRY
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
66.3%
Operating Margin
ANAB
ANAB
THRY
THRY
Q1 26
37.3%
Q4 25
61.8%
5.3%
Q3 25
45.5%
9.9%
Q2 25
-117.5%
14.0%
Q1 25
-99.2%
-1.7%
Q4 24
-22.4%
-3.9%
Q3 24
-75.8%
-49.2%
Q2 24
-367.5%
14.0%
Net Margin
ANAB
ANAB
THRY
THRY
Q1 26
2.7%
Q4 25
45.8%
-5.0%
Q3 25
19.8%
2.8%
Q2 25
-173.5%
6.6%
Q1 25
-141.6%
-5.3%
Q4 24
-50.5%
4.2%
Q3 24
-109.4%
-53.4%
Q2 24
-425.3%
2.5%
EPS (diluted)
ANAB
ANAB
THRY
THRY
Q1 26
$0.10
Q4 25
$1.64
$-0.21
Q3 25
$0.52
$0.13
Q2 25
$-1.34
$0.31
Q1 25
$-1.28
$-0.22
Q4 24
$-0.63
$0.28
Q3 24
$-1.14
$-2.65
Q2 24
$-1.71
$0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANAB
ANAB
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$238.2M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$37.2M
$225.4M
Total Assets
$364.4M
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANAB
ANAB
THRY
THRY
Q1 26
$8.0M
Q4 25
$238.2M
$10.8M
Q3 25
$109.8M
$11.6M
Q2 25
$44.3M
$10.8M
Q1 25
$98.6M
$11.0M
Q4 24
$123.1M
$16.3M
Q3 24
$191.6M
$12.5M
Q2 24
$71.8M
$15.5M
Total Debt
ANAB
ANAB
THRY
THRY
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
Stockholders' Equity
ANAB
ANAB
THRY
THRY
Q1 26
$225.4M
Q4 25
$37.2M
$218.1M
Q3 25
$-29.4M
$221.1M
Q2 25
$-44.7M
$214.9M
Q1 25
$34.0M
$193.2M
Q4 24
$70.9M
$196.9M
Q3 24
$84.4M
$94.5M
Q2 24
$9.9M
$183.1M
Total Assets
ANAB
ANAB
THRY
THRY
Q1 26
$693.7M
Q4 25
$364.4M
$688.6M
Q3 25
$353.1M
$701.8M
Q2 25
$335.3M
$687.7M
Q1 25
$422.1M
$703.7M
Q4 24
$483.8M
$712.2M
Q3 24
$493.4M
$654.8M
Q2 24
$427.4M
$785.5M
Debt / Equity
ANAB
ANAB
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANAB
ANAB
THRY
THRY
Operating Cash FlowLast quarter
$98.0M
Free Cash FlowOCF − Capex
$98.0M
$-5.5M
FCF MarginFCF / Revenue
90.5%
-3.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.98×
TTM Free Cash FlowTrailing 4 quarters
$19.6M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANAB
ANAB
THRY
THRY
Q1 26
Q4 25
$98.0M
$22.2M
Q3 25
$-27.4M
$22.2M
Q2 25
$-40.2M
$29.6M
Q1 25
$-10.7M
$-10.5M
Q4 24
$-66.7M
$26.1M
Q3 24
$-10.1M
$36.0M
Q2 24
$-21.3M
$22.2M
Free Cash Flow
ANAB
ANAB
THRY
THRY
Q1 26
$-5.5M
Q4 25
$98.0M
$12.3M
Q3 25
$-27.4M
$14.6M
Q2 25
$-40.3M
$21.8M
Q1 25
$-10.7M
$-17.6M
Q4 24
$-66.9M
$17.3M
Q3 24
$-10.1M
$27.5M
Q2 24
$-21.4M
$13.3M
FCF Margin
ANAB
ANAB
THRY
THRY
Q1 26
-3.3%
Q4 25
90.5%
6.4%
Q3 25
-35.9%
7.2%
Q2 25
-180.9%
10.4%
Q1 25
-38.7%
-9.7%
Q4 24
-155.3%
9.3%
Q3 24
-33.7%
15.3%
Q2 24
-194.6%
5.9%
Capex Intensity
ANAB
ANAB
THRY
THRY
Q1 26
Q4 25
0.0%
5.2%
Q3 25
0.0%
3.8%
Q2 25
0.2%
3.7%
Q1 25
0.1%
3.9%
Q4 24
0.6%
4.7%
Q3 24
0.1%
4.7%
Q2 24
0.3%
4.0%
Cash Conversion
ANAB
ANAB
THRY
THRY
Q1 26
Q4 25
1.98×
Q3 25
-1.81×
3.93×
Q2 25
2.12×
Q1 25
Q4 24
3.32×
Q3 24
Q2 24
4.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANAB
ANAB

Segment breakdown not available.

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

Related Comparisons