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Thinkific Labs Inc

Technology CA THNC

1.2CAD
-0.03(2.44%)

Last update at 2026-06-03T13:30:00Z

Day Range

1.201.20
LowHigh

52 Week Range

1.304.40
LowHigh

Fundamentals

  • Previous Close 1.23
  • Market Cap100.04M
  • Volume8002
  • P/E Ratio49.00
  • Dividend Yield-%
  • EBITDA-1.06300M
  • Revenue TTM73.19M
  • Revenue Per Share TTM1.07
  • Gross Profit TTM 53.53M
  • Diluted EPS TTM0.03

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1.31M -0.23700M -9.77959M -36.42164M -26.37507M
Minority interest - - - - -
Net income 1.31M -0.23700M -9.77959M -41.89977M -28.44273M
Selling general administrative 33.25M 13.08M 14.92M 16.94M 13.94M
Selling and marketing expenses - 20.63M 20.77M 25.67M 20.13M
Gross profit 53.10M 50.31M 44.56M 39.11M 29.21M
Reconciled depreciation 1.34M 1.39M 1.34M 1.20M 0.68M
Ebit -1.34819M -2.44400M -10.60094M -30.94350M -24.30740M
Ebitda 0.01M -1.05800M -9.25939M -22.84186M -21.31350M
Depreciation and amortization 1.36M 1.39M 1.34M 8.10M 2.99M
Non operating income net other - - - - -
Operating income -1.34819M -2.44400M -13.54167M -30.94350M -24.30740M
Other operating expenses 75.82M 69.39M 72.60M 82.42M 62.42M
Interest expense - - - 1.43M 0.24M
Tax provision - - - - -
Interest income 2.30M 2.21M 3.48M 3.19M 2.07M
Net interest income 2.30M 3.41M 3.48M 1.43M 0.24M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - - -0.82135M 5.48M 2.07M
Total revenue 74.47M 66.94M 59.05M 51.48M 38.12M
Total operating expenses 54.45M 52.76M 58.10M 70.06M 53.52M
Cost of revenue 21.37M 16.63M 14.49M 12.36M 8.90M
Total other income expense net 2.66M 2.21M 3.76M -5.47813M -2.06767M
Discontinued operations - - - - -
Net income from continuing ops 1.29M -0.23700M -9.77959M -36.42164M -26.37507M
Net income applicable to common shares - -0.23700M -9.77959M -36.42164M -26.37507M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 62.66M 61.37M 97.79M 102.97M 132.40M
Intangible assets 0.18M - 0.11M 0.12M 0.10M
Earning assets - - - - -
Other current assets 3.02M 3.29M 3.17M 1.80M 2.77M
Total liab 19.49M 19.77M 15.85M 15.12M 10.79M
Total stockholder equity 43.18M 41.59M 81.94M 87.85M 121.61M
Deferred long term liab - - - 0.66M 0.41M
Other current liab 5.55M 0.54M 4.84M 4.52M 1.95M
Common stock 109.15M - 147.74M 146.18M 145.58M
Capital stock 109.35M 109.46M 147.74M 146.18M 145.58M
Retained earnings -73.81143M -75.23500M -74.99810M -65.21851M -28.79687M
Other liab - - - - -
Good will - - - - -
Other assets - - - 0.66M 0.41M
Cash 7.82M 49.49M 86.61M 93.85M 126.05M
Cash and equivalents - - - 93.85M 126.05M
Total current liabilities 18.36M 18.37M 15.38M 13.61M 10.43M
Current deferred revenue 10.68M - 9.53M 8.24M 6.63M
Net debt -6.35741M - -85.57910M -91.88998M -125.17957M
Short term debt 0.34M - 0.56M 0.44M 0.52M
Short long term debt - - - - -
Short long term debt total 1.47M - 1.03M 1.96M 0.88M
Other stockholder equity 7.81M - 8.67M 6.93M 4.87M
Property plant equipment - - - 3.51M 1.52M
Total current assets 59.53M 58.01M 95.14M 98.68M 130.38M
Long term investments - - - - -
Net tangible assets - - - 87.73M 121.51M
Short term investments 42.78M - - - -
Net receivables 5.90M 3.83M 4.78M 3.04M 1.55M
Long term debt - - - - -
Inventory - - 0.57M - -
Accounts payable 1.80M 1.90M 0.46M 0.41M 1.34M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.03M - 0.53M -0.03811M -0.03811M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - 0.88M 0.66M 0.41M
Deferred long term asset charges - - - - -
Non current assets total 3.14M 3.36M 2.66M 4.29M 2.03M
Capital lease obligations 1.47M 1.77M 1.03M 1.96M 0.88M
Long term debt total - - - 1.51M 0.36M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -42.38400M -0.16600M 0.05M -1.25952M -0.65516M
Change to liabilities - - - 2.87M 4.39M
Total cashflows from investing activities -43.38847M -0.16600M 0.05M -1.25952M -0.65516M
Net borrowings -0.42600M -0.43300M -0.45900M -0.52195M -0.53883M
Total cash from financing activities -4.82806M -42.59600M -2.41441M -0.24118M 138.26M
Change to operating activities - - - 0.29M -2.83503M
Net income 1.31M -0.23700M -9.77959M -36.42164M -26.37507M
Change in cash -44.01010M -37.11900M -7.23537M -32.20874M 116.99M
Begin period cash flow 51.83M 86.61M 93.85M 126.05M 9.07M
End period cash flow 7.82M 49.49M 86.61M 93.85M 126.05M
Total cash from operating activities 5.69M 6.99M -5.42613M -25.85339M -18.25531M
Issuance of capital stock - - - 0.00000M 148.62M
Depreciation 1.36M 1.39M 1.34M 1.20M 0.68M
Other cashflows from investing activities - 0.04M 0.07M - -
Dividends paid - - - - -
Change to inventory - - - - -
Change to account receivables -2.02585M -1.62600M -0.60510M -1.32028M -0.58570M
Sale purchase of stock -3.11865M -39.16200M -0.90016M 0.28M 148.69M
Other cashflows from financing activities -1.33021M -3.00100M -1.05584M 0.28M -9.82255M
Change to netincome - - - 7.54M 6.47M
Capital expenditures 0.26M 0.24M 0.02M 1.26M 0.66M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -0.19943M 0.24M -2.11259M 1.84M 0.97M
Stock based compensation 3.75M 4.00M 5.75M 2.79M 4.12M
Other non cash items 3.21M 1.61M -0.62702M 4.75M 2.35M
Free cash flow 5.42M 6.75M -5.44374M -27.11291M -18.91048M

Peer Comparison

Sector: Technology Industry: Software - Application

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
THNC
Thinkific Labs Inc		 -0.03 2.44% 1.20 49.00 97.09 1.37 1.62 0.29 1531.31
SHOP
Shopify Inc		 -4.87 3.01% 157.08 138.91 70.92 20.17 12.93 14.73 88.85
CRM
Salesforce CDR (CAD Hedged)		 -0.81 5.24% 14.64 23.21 13.57 4.11 2.47 3.85 12.75
NOWS
ServiceNow CDR (CAD Hedged)		 -1.27 7.75% 15.11 323.25 114.94 38.22 38.75 7.52 33.05
CSU
Constellation Software Inc.		 -134.79 4.67% 2750.25 78.75 16.39 4.74 11.45 3.77 17.00

Reports Covered

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Profile

Thinkific Labs Inc. engages in the development, marketing, and support management of cloud-based platform in Canada, the United States, and internationally. It provides a learning commerce platform that provides courses, communities, AI and commerce. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.

Thinkific Labs Inc

400 - 369 Terminal Avenue, Vancouver, BC, Canada, V6A 4C4

Key Executives

Name Title Year Born
Mr. Greg Smith B.Com., L.L.B. Co-Founder, CEO & Director NA
Mr. Matthew Smith B.Sc. Co-Founder, Chief Strategy Officer & Acting Chief Revenue Officer NA
Ms. Miranda Lievers M.B.A. Co-Founder & COO NA
Ms. Corinne Hua B.A., CPA Chief Financial Officer NA
Mr. Chris McGuire Chief Technology Officer NA
Mr. Stephen Krenzer Pres & Director 1959
Ms. Janet Anne Craig Head of Investor Relations NA
Ed Ma VP, General Counsel & Corporate Secretary NA
Mr. Ryan Donovan Chief Product & Technology Officer NA
Ms. Amanda Malko Chief Revenue Officer NA

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