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

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