Thinkific Labs Inc.

Thinkific Labs Inc.

THNCF
Thinkific Labs Inc.US flagOther OTC
0.86
USD
- -
- -
58.17MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.08
0.13
0.28
0.59
0.65
0.73
0.9
1.08
1.09
Basic EPS, GAAP
- -
- -
-0.02
-0.41
-0.46
-0.12
- -
0.02
- -
Free Cash Flow per Basic Share
0.01
0.02
0.03
-0.29
-0.34
-0.07
0.09
0.08
0.03
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
-0.01
0.06
1.79
1.03
0.9
0.46
0.52
0.5
Tangible Book Value per Share
- -
-0.01
-0.02
1.87
1.11
1.01
0.56
0.63
0.61
Basic Weighted Avg Shares
75
75
75
65
79
81
74
68
68
Sales/Revenue/Turnover
6
10
21
38
51
59
67
73
74
Operating Margin (%)
5.4
3.14
-6.99
-63.77
-60.11
-17.95
-3.65
-1.81
-4.08
Depreciation Expense
- -
- -
- -
1
1
1
1
1
1
Net Income, GAAP
- -
- -
-1
-26
-36
-10
- -
1
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
3.94
2.97
-6.14
-69.2
-70.75
-16.56
-0.35
1.76
-0.3
Working Capital
- -
2
5
120
85
80
40
41
40
LT Debt
- -
1
1
- -
2
- -
1
1
1
Total Equity
- -
2
5
122
88
82
42
43
42
Return on Invested Capital (%)
- -
22.15
- -
- -
- -
- -
- -
-2.8
-2.8
Return on Capital (%)
- -
26.94
- -
- -
- -
- -
- -
3.54
6.18
Return on Common Equity (%)
- -
- -
- -
-43.57
-36.84
-12.73
-0.44
3.7
-0.66

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
97
70

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
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Greg Smith
Full Time Employees
275
Sector
Technology
Industry
Software - Application
Address
369 Terminal Avenue Vancouver BC Canada V6A 4C4
IPO Date
Aug 25, 2021
Business
Thinkific Labs Inc operates as a software company specializing in a cloud-based learning commerce platform that enables businesses and entrepreneurs worldwide to create, market, sell, and deliver online courses, communities, memberships, digital downloads, coaching, webinars, and other digital learning products. Its main offerings include a drag-and-drop course builder, AI-powered content creation tools, SCORM-compliant learning management system (LMS), customized learning paths, commerce and payment solutions through its proprietary TCommerce platform, B2B selling features like group orders and invoicing, automated tax management for multiple regions, and advanced analytics with custom dashboards to track student engagement and revenue. The platform supports unlimited courses, websites, landing pages, and custom domains, serving both B2B and B2C markets with features designed for customer success at scale. Founded in 2012 and headquartered in Vancouver, Canada, Thinkific operates across North America and internationally. The company is strategically focused on upmarket segments, offering enhanced commerce capabilities, team-based access, centralized student management, private online community features with direct messaging and video uploads, and an expanding suite of AI-driven tools to redefine the learning experience. These AI features include an AI Teaching Assistant, launched in early access in 2025, designed to enhance learner engagement with conversational responses tailored to course material and instructor voice. Recent major changes include a strategic rebrand in mid-2025 to position Thinkific as a leading platform for scalable education-based revenue models, significant upgrades to commerce tools enabling greater flexibility in billing, pricing, coupons, and subscription management, and a partnership with Spotify to distribute educational video content within the Spotify app in the UK. The company also completed a substantial share buyback program and demonstrated consistent financial growth with increased revenues, operational cash flow, and adjusted EBITDA. Thinkific plans to fully launch its AI Teaching Assistant in early 2026 and continues investing in product enhancements, including VAT solutions for Europe and expanded AI functionalities, supporting its transition to profitable growth and scalable customer success. Thinkific Labs Inc's platform serves a broad customer base from individual course creators to large enterprises requiring scalable, flexible digital education solutions and ongoing revenue growth tools. The company remains committed to innovation in learning technology, commerce, and AI integration across its SaaS platform to maintain competitive advantage and drive long-term shareholder value.

Company News

APIChat
  • Thinkific Labs Inc. (THNC:CA) Q4 2025 Earnings Call Transcript

  • Thinkific Launches Thinker: An AI Assistant That Personalizes Learner Support at Scale

  • Thinkific Labs (OTCMKTS:THNCF) Trading Up 1.6% – Here’s Why

  • Thinkific Labs Inc. (THNC:CA) Q3 2025 Earnings Call Transcript

  • Thinkific Reimagines Learning Commerce With Agentic AI Features and Strategic Brand Refresh

  • Thinkific Announces Fourth Quarter and Full Year 2024 Financial Results

  • Thinkific Recognized Among World's Top Software Companies in G2's 2025 Best Software Awards

  • Thinkific Makes Key Exec Appointments to Drive Further Innovation and Expansion in B2B and Creator Education Sectors

  • Thinkific to Attend VidCon, Moderating Key Panel on Creator Monetization and Recruiting Creators for Courses on Spotify Test Program

  • Thinkific Announces Multiple Feature Advancements for its Enterprise Customer Education Platform, 'Plus' to Continue Growth Momentum

  • Thinkific and Jon Youshaei Announce Full Launch of Highly-Anticipated 'Insider Accelerator' Creator Program

  • Thinkific Introduces New Podcast: "Unique Genius: The Business of Creators"

  • Thinkific Announces Timing of Fourth Quarter and Full Year 2023 Financial Results Conference Call

  • Thinkific Releases 2024 Online Learning Trends Report - Data Reveals Impact of AI, Social Media Fatigue, and More

  • Thinkific to Present at the 26th Annual Needham Growth Conference

  • Thinkific Announces Suite of New Features for Thinkific Plus to Further Fuel the Growth of its Enterprise Platform for Customer Education

  • Thinkific Joins Forces with Jon Youshaei to Launch 'Insider Accelerator' - a Premier Accelerator Program for Creators

  • Thinkific Launches Gifting - Enabling Creators to Supercharge Sales for Cyber Week and Beyond

  • Thinkific Named One of Canada's Enterprise - Industry Leaders Winners in Deloitte's Technology Fast 50™ Program

  • Thinkific's A.I-Powered Creator Monetization Platform The Leap, Surpasses 6,500 Users in First Month