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    Technology

  3. •

    Software - Application
Thinkific Labs Inc.

Thinkific Labs Inc.

THNC.TO
Thinkific Labs Inc.CA flagToronto Stock Exchange
1.20
CAD
-0.03
- -
81.28MMarket Cap
Thinkific Labs Inc.
THNC.TO
(Toronto Stock Exchange)

Recent

price

1.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.08
0.13
0.28
0.59
0.65
0.73
0.9
1.08
1.09
Revenue per Share
- -
- -
-0.02
-0.41
-0.46
-0.12
- -
0.02
- -
Basic EPS, GAAP
0.01
0.02
0.03
-0.29
-0.34
-0.07
0.09
0.08
0.03
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
-0.01
0.06
1.79
1.03
0.9
0.46
0.52
0.5
Book Value per Share
- -
-0.01
-0.02
1.87
1.11
1.01
0.56
0.63
0.61
Tangible Book Value per Share
75
75
75
65
79
81
74
68
68
Basic Weighted Avg Shares
6
10
21
38
51
59
67
73
74
Sales/Revenue/Turnover
5.4
3.14
-6.99
-63.77
-60.11
-17.95
-3.65
-1.81
-4.08
Operating Margin (%)
- -
- -
- -
1
1
1
1
1
1
Depreciation Expense
- -
- -
-1
-26
-36
-10
- -
1
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
3.94
2.97
-6.14
-69.2
-70.75
-16.56
-0.35
1.76
-0.3
Profit Margin (%)
- -
2
5
120
85
80
40
41
40
Working Capital
- -
1
1
- -
2
- -
1
1
1
LT Debt
- -
2
5
122
88
82
42
43
42
Total Equity
- -
22.15
- -
- -
- -
- -
- -
-2.8
-2.8
Return on Invested Capital (%)
- -
26.94
- -
- -
- -
- -
- -
3.54
6.18
Return on Capital (%)
- -
- -
- -
-43.57
-36.84
-12.73
-0.44
3.7
-0.66
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
68
68
68
Market Capitalization
98
96
69

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
59
60
58
Cash, Cash Equivalents & STI
52
51
49
Accounts Receivable, Net
4
5
5
Inventories
- -
- -
- -
Total Current Liabilities
18
18
19
Payables & Accruals
4
4
3
ST Debt
- -
- -
- -
Deferred Revenue
11
11
11

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
422.18%
4%
Free Cash Flow
- -
-237.44%
-20.53%
Net Income, GAAP
- -
232.64%
-643.88%
Sales/Revenue/Turnover
- -
30.67%
9.33%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16
16
17
18
67
2025
18
18
19
19
73
2026
19
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
0.01
0.01
-0.01
- -
2025
0.01
0.01
- -
- -
0.02
2026
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Thinkific Labs Inc. provides a comprehensive cloud-based platform designed for the creation, marketing, and sale of diverse online learning products across Canada, the United States, and globally. This robust solution empowers individual entrepreneurs, content creators, and businesses of all sizes to monetize their expertise by building and delivering customized online courses, communities, memberships, and digital downloads. The platform features intuitive drag-and-drop tools and AI-powered assistance for content and design, alongside advanced sales and marketing capabilities through its integrated TCommerce system, enabling users to establish recurring revenue streams and scalable educational offerings. Thinkific Labs Inc. was founded in 2012 and operates from its headquarters in Vancouver, Canada.