Thinkific Labs Inc. (THNCF)

Thinkific Labs Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	52.47	49.49	86.61	93.85	126.05	9.07
Cash & Short-Term Investments	52.47	49.49	86.61	93.85	126.05	9.07
Cash Growth	8.04%	-42.86%	-7.71%	-25.55%	1290.41%	145.57%
Accounts Receivable	4.53	3.84	2.89	2.3	1.28	0.78
Other Receivables	-	0.75	1.37	0.41	0.11	0.94
Receivables	4.53	4.59	4.26	2.71	1.39	1.72
Prepaid Expenses	2.19	3.29	3.17	1.8	2.77	0.57
Other Current Assets	0.88	0.64	1.1	0.32	0.16	-
Total Current Assets	60.06	58.01	95.15	98.68	130.38	11.36
Property, Plant & Equipment	2.07	2.32	1.67	3.51	1.52	1.58
Other Intangible Assets	0.2	0.14	0.11	0.12	0.1	-
Long-Term Deferred Charges	1	0.91	0.88	0.66	0.41	-
Total Assets	63.33	61.37	97.8	102.97	132.4	12.94
Accounts Payable	7.34	1.9	0.46	0.41	1.34	0.37
Accrued Expenses	-	5.7	4.84	4.52	1.95	1.13
Current Portion of Leases	0.34	0.37	0.56	0.44	0.52	0.49
Current Unearned Revenue	11.14	9.87	9.53	8.24	6.63	4.77
Other Current Liabilities	-	0.54	-	-	-	-
Total Current Liabilities	18.81	18.37	15.38	13.61	10.43	6.76
Long-Term Leases	1.33	1.4	0.48	1.51	0.36	0.87
Total Liabilities	20.14	19.77	15.86	15.12	10.79	7.63
Common Stock	108.83	109.46	147.74	146.18	145.58	6.7
Additional Paid-In Capital	8.66	7.95	8.67	6.93	4.87	1.07
Retained Earnings	-74.46	-75.24	-75	-65.22	-28.8	-2.42
Comprehensive Income & Other	0.16	-0.58	0.53	-0.04	-0.04	-0.04
Shareholders' Equity	43.19	41.59	81.94	87.85	121.61	5.31
Total Liabilities & Equity	63.33	61.37	97.8	102.97	132.4	12.94
Total Debt	1.66	1.77	1.03	1.96	0.88	1.36
Net Cash (Debt)	50.81	47.72	85.58	91.89	125.18	7.7
Net Cash Growth	6.22%	-44.23%	-6.87%	-26.59%	1524.67%	308.44%
Net Cash Per Share	0.74	0.64	1.06	1.17	1.92	0.19
Filing Date Shares Outstanding	68.1	68.08	80.79	79.75	77.25	9.87
Total Common Shares Outstanding	68.1	68.28	81.36	79.67	77.25	9.87
Working Capital	41.25	39.63	79.77	85.07	119.95	4.6
Book Value Per Share	0.63	0.61	1.01	1.10	1.57	0.54
Tangible Book Value	43	41.46	81.83	87.73	121.51	5.31
Tangible Book Value Per Share	0.63	0.61	1.01	1.10	1.57	0.54
Machinery	-	-	-	1.67	0.63	0.25
Leasehold Improvements	-	-	-	0.66	0.47	0.31

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.