Thinkific Labs Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2019
Revenue	72.08	66.94	59.05	51.48	38.12	21.07	Upgrade
Revenue Growth (YoY)	10.99%	13.36%	14.72%	35.05%	80.91%	115.08%	Upgrade
Cost of Revenue	18.91	16.63	14.49	12.36	8.9	4.45	Upgrade
Gross Profit	53.17	50.31	44.56	39.11	29.21	16.62	Upgrade
Selling, General & Admin	34	33.71	35.69	42.61	34.07	11.74	Upgrade
Research & Development	20.87	19.05	19.47	27.45	19.45	6.34	Upgrade
Operating Expenses	54.87	52.76	55.16	70.06	53.52	18.09	Upgrade
Operating Income	-1.69	-2.44	-10.6	-30.94	-24.31	-1.47	Upgrade
Interest Expense	-	-	-	-	-	-0.03	Upgrade
Interest & Investment Income	2.36	3.41	3.48	1.43	0.24	-	Upgrade
Currency Exchange Gain (Loss)	-0.4	-1.21	0.43	-4.62	-2.31	0.21	Upgrade
EBT Excluding Unusual Items	0.27	-0.24	-6.69	-34.13	-26.38	-1.29	Upgrade
Merger & Restructuring Charges	-	-	-2.94	-2.29	-	-	Upgrade
Gain (Loss) on Sale of Assets	-	-	-0.15	-	-	-	Upgrade
Pretax Income	0.27	-0.24	-9.78	-36.42	-26.38	-1.29	Upgrade
Net Income	0.27	-0.24	-9.78	-36.42	-26.38	-1.29	Upgrade
Net Income to Common	0.27	-0.24	-9.78	-36.42	-26.38	-1.29	Upgrade
Net Income Growth	-64.10%	-	-	-	-	-	Upgrade
Shares Outstanding (Basic)	68	74	81	79	65	41	Upgrade
Shares Outstanding (Diluted)	68	74	81	79	65	41	Upgrade
Shares Change (YoY)	-13.66%	-8.07%	2.64%	20.88%	57.35%	189.18%	Upgrade
EPS (Basic)	0.00	-0.00	-0.12	-0.46	-0.41	-0.03	Upgrade
EPS (Diluted)	-0.00	-0.00	-0.12	-0.46	-0.41	-0.03	Upgrade
Free Cash Flow	7.21	6.79	-5.44	-27.09	-18.81	2.34	Upgrade
Free Cash Flow Per Share	0.11	0.09	-0.07	-0.34	-0.29	0.06	Upgrade
Gross Margin	73.77%	75.16%	75.46%	75.98%	76.64%	78.87%	Upgrade
Operating Margin	-2.35%	-3.65%	-17.95%	-60.11%	-63.77%	-6.99%	Upgrade
Profit Margin	0.37%	-0.35%	-16.56%	-70.75%	-69.19%	-6.14%	Upgrade
Free Cash Flow Margin	10.00%	10.14%	-9.22%	-52.62%	-49.34%	11.12%	Upgrade
EBITDA	-1.3	-2.03	-10.13	-30.44	-23.88	-1.38	Upgrade
EBITDA Margin	-1.80%	-3.03%	-17.15%	-59.14%	-62.64%	-6.55%	Upgrade
D&A For EBITDA	0.4	0.41	0.47	0.5	0.43	0.09	Upgrade
EBIT	-1.69	-2.44	-10.6	-30.94	-24.31	-1.47	Upgrade
EBIT Margin	-2.35%	-3.65%	-17.95%	-60.11%	-63.77%	-6.99%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.