Thinkific Labs Balance Sheet

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
Cash & Equivalents	51.74	49.49	86.61	93.85	126.05	9.07
Cash & Short-Term Investments	51.74	49.49	86.61	93.85	126.05	9.07
Cash Growth	2.77%	-42.86%	-7.71%	-25.55%	1290.41%	145.57%
Accounts Receivable	3.57	3.84	2.89	2.3	1.28	0.78
Other Receivables	0.09	0.75	1.37	0.41	0.11	0.94
Receivables	3.66	4.59	4.26	2.71	1.39	1.72
Prepaid Expenses	3.2	3.29	3.17	1.8	2.77	0.57
Other Current Assets	0.69	0.64	1.1	0.32	0.16	-
Total Current Assets	59.29	58.01	95.15	98.68	130.38	11.36
Property, Plant & Equipment	1.96	2.32	1.67	3.51	1.52	1.58
Other Intangible Assets	0.19	0.14	0.11	0.12	0.1	-
Long-Term Deferred Charges	1	0.91	0.88	0.66	0.41	-
Total Assets	62.44	61.37	97.8	102.97	132.4	12.94
Accounts Payable	1.51	1.9	0.46	0.41	1.34	0.37
Accrued Expenses	5.44	5.7	4.84	4.52	1.95	1.13
Current Portion of Leases	0.33	0.37	0.56	0.44	0.52	0.49
Current Unearned Revenue	11.06	9.87	9.53	8.24	6.63	4.77
Other Current Liabilities	0.11	0.54	-	-	-	-
Total Current Liabilities	18.45	18.37	15.38	13.61	10.43	6.76
Long-Term Leases	1.21	1.4	0.48	1.51	0.36	0.87
Total Liabilities	19.66	19.77	15.86	15.12	10.79	7.63
Common Stock	109.35	109.46	147.74	146.18	145.58	6.7
Additional Paid-In Capital	7.86	7.95	8.67	6.93	4.87	1.07
Retained Earnings	-74.29	-75.24	-75	-65.22	-28.8	-2.42
Comprehensive Income & Other	-0.15	-0.58	0.53	-0.04	-0.04	-0.04
Shareholders' Equity	42.78	41.59	81.94	87.85	121.61	5.31
Total Liabilities & Equity	62.44	61.37	97.8	102.97	132.4	12.94
Total Debt	1.54	1.77	1.03	1.96	0.88	1.36
Net Cash (Debt)	50.2	47.72	85.58	91.89	125.18	7.7
Net Cash Growth	0.92%	-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	68.12	68.08	80.79	79.75	77.25	9.87
Total Common Shares Outstanding	68.12	68.28	81.36	79.67	77.25	9.87
Working Capital	40.84	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	42.59	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.