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Side-by-side financial comparison of Evolus, Inc. (EOLS) 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 $90.3M, roughly 1.9× Evolus, Inc.). Thryv Holdings, Inc. runs the higher net margin — 2.7% vs 0.1%, a 2.6% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs -7.5%). Evolus, Inc. produced more free cash flow last quarter ($11.3M vs $-5.5M). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (23.4% CAGR vs -13.5%).

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

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.

EOLS vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
1.9× larger
THRY
$167.7M
$90.3M
EOLS
Growing faster (revenue YoY)
EOLS
EOLS
+21.9% gap
EOLS
14.4%
-7.5%
THRY
Higher net margin
THRY
THRY
2.6% more per $
THRY
2.7%
0.1%
EOLS
More free cash flow
EOLS
EOLS
$16.8M more FCF
EOLS
$11.3M
$-5.5M
THRY
Faster 2-yr revenue CAGR
EOLS
EOLS
Annualised
EOLS
23.4%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EOLS
EOLS
THRY
THRY
Revenue
$90.3M
$167.7M
Net Profit
$130.0K
$4.5M
Gross Margin
65.7%
65.2%
Operating Margin
4.7%
37.3%
Net Margin
0.1%
2.7%
Revenue YoY
14.4%
-7.5%
Net Profit YoY
101.9%
147.2%
EPS (diluted)
$0.01
$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
EOLS
EOLS
THRY
THRY
Q1 26
$167.7M
Q4 25
$90.3M
$191.6M
Q3 25
$69.0M
$201.6M
Q2 25
$69.4M
$210.5M
Q1 25
$68.5M
$181.4M
Q4 24
$78.9M
$186.6M
Q3 24
$61.1M
$179.9M
Q2 24
$66.9M
$224.1M
Net Profit
EOLS
EOLS
THRY
THRY
Q1 26
$4.5M
Q4 25
$130.0K
$-9.7M
Q3 25
$-15.7M
$5.7M
Q2 25
$-17.1M
$13.9M
Q1 25
$-18.9M
$-9.6M
Q4 24
$-6.8M
$7.9M
Q3 24
$-19.2M
$-96.1M
Q2 24
$-11.3M
$5.5M
Gross Margin
EOLS
EOLS
THRY
THRY
Q1 26
65.2%
Q4 25
65.7%
68.0%
Q3 25
66.5%
67.7%
Q2 25
65.3%
69.7%
Q1 25
68.1%
65.8%
Q4 24
66.7%
65.9%
Q3 24
68.9%
62.3%
Q2 24
70.3%
66.3%
Operating Margin
EOLS
EOLS
THRY
THRY
Q1 26
37.3%
Q4 25
4.7%
5.3%
Q3 25
-16.7%
9.9%
Q2 25
-14.7%
14.0%
Q1 25
-22.1%
-1.7%
Q4 24
-2.9%
-3.9%
Q3 24
-25.3%
-49.2%
Q2 24
-11.5%
14.0%
Net Margin
EOLS
EOLS
THRY
THRY
Q1 26
2.7%
Q4 25
0.1%
-5.0%
Q3 25
-22.8%
2.8%
Q2 25
-24.7%
6.6%
Q1 25
-27.6%
-5.3%
Q4 24
-8.6%
4.2%
Q3 24
-31.4%
-53.4%
Q2 24
-17.0%
2.5%
EPS (diluted)
EOLS
EOLS
THRY
THRY
Q1 26
$0.10
Q4 25
$0.01
$-0.21
Q3 25
$-0.24
$0.13
Q2 25
$-0.27
$0.31
Q1 25
$-0.30
$-0.22
Q4 24
$-0.11
$0.28
Q3 24
$-0.30
$-2.65
Q2 24
$-0.18
$0.15

Balance Sheet & Financial Strength

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

Metric
EOLS
EOLS
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$53.8M
$8.0M
Total DebtLower is stronger
$146.1M
Stockholders' EquityBook value
$-23.1M
$225.4M
Total Assets
$225.9M
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOLS
EOLS
THRY
THRY
Q1 26
$8.0M
Q4 25
$53.8M
$10.8M
Q3 25
$43.5M
$11.6M
Q2 25
$61.7M
$10.8M
Q1 25
$67.9M
$11.0M
Q4 24
$87.0M
$16.3M
Q3 24
$85.0M
$12.5M
Q2 24
$93.7M
$15.5M
Total Debt
EOLS
EOLS
THRY
THRY
Q1 26
Q4 25
$146.1M
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$121.8M
$299.0M
Q4 24
$121.5M
$284.3M
Q3 24
$121.2M
$307.8M
Q2 24
$120.9M
$342.1M
Stockholders' Equity
EOLS
EOLS
THRY
THRY
Q1 26
$225.4M
Q4 25
$-23.1M
$218.1M
Q3 25
$-28.8M
$221.1M
Q2 25
$-18.7M
$214.9M
Q1 25
$-6.6M
$193.2M
Q4 24
$5.5M
$196.9M
Q3 24
$5.9M
$94.5M
Q2 24
$19.3M
$183.1M
Total Assets
EOLS
EOLS
THRY
THRY
Q1 26
$693.7M
Q4 25
$225.9M
$688.6M
Q3 25
$219.0M
$701.8M
Q2 25
$228.8M
$687.7M
Q1 25
$213.4M
$703.7M
Q4 24
$232.6M
$712.2M
Q3 24
$229.6M
$654.8M
Q2 24
$233.8M
$785.5M
Debt / Equity
EOLS
EOLS
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
22.00×
1.44×
Q3 24
20.58×
3.26×
Q2 24
6.26×
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
EOLS
EOLS
THRY
THRY
Operating Cash FlowLast quarter
$12.8M
Free Cash FlowOCF − Capex
$11.3M
$-5.5M
FCF MarginFCF / Revenue
12.6%
-3.3%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
98.67×
TTM Free Cash FlowTrailing 4 quarters
$-45.7M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOLS
EOLS
THRY
THRY
Q1 26
Q4 25
$12.8M
$22.2M
Q3 25
$-14.7M
$22.2M
Q2 25
$-24.8M
$29.6M
Q1 25
$-15.6M
$-10.5M
Q4 24
$4.8M
$26.1M
Q3 24
$-5.7M
$36.0M
Q2 24
$-6.5M
$22.2M
Free Cash Flow
EOLS
EOLS
THRY
THRY
Q1 26
$-5.5M
Q4 25
$11.3M
$12.3M
Q3 25
$-15.6M
$14.6M
Q2 25
$-25.5M
$21.8M
Q1 25
$-16.0M
$-17.6M
Q4 24
$4.4M
$17.3M
Q3 24
$-6.0M
$27.5M
Q2 24
$-6.9M
$13.3M
FCF Margin
EOLS
EOLS
THRY
THRY
Q1 26
-3.3%
Q4 25
12.6%
6.4%
Q3 25
-22.7%
7.2%
Q2 25
-36.7%
10.4%
Q1 25
-23.3%
-9.7%
Q4 24
5.5%
9.3%
Q3 24
-9.9%
15.3%
Q2 24
-10.4%
5.9%
Capex Intensity
EOLS
EOLS
THRY
THRY
Q1 26
Q4 25
1.6%
5.2%
Q3 25
1.4%
3.8%
Q2 25
1.0%
3.7%
Q1 25
0.5%
3.9%
Q4 24
0.6%
4.7%
Q3 24
0.5%
4.7%
Q2 24
0.7%
4.0%
Cash Conversion
EOLS
EOLS
THRY
THRY
Q1 26
Q4 25
98.67×
Q3 25
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

EOLS
EOLS

Segment breakdown not available.

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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