Thinkific Labs Inc. (TSX:THNC)

Thinkific Labs Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	7.72	7.84	49.49	86.61	93.85	126.05
Short-Term Investments	43.25	42.86	-	-	-	-
Cash & Short-Term Investments	50.97	50.69	49.49	86.61	93.85	126.05
Cash Growth	-2.86%	2.43%	-42.86%	-7.71%	-25.55%	1290.41%
Accounts Receivable	3.38	4.97	3.84	2.89	2.3	1.28
Other Receivables	0.28	0.24	0.75	1.37	0.41	0.11
Receivables	3.66	5.21	4.59	4.26	2.71	1.39
Prepaid Expenses	3.41	3.03	3.29	3.17	1.8	2.77
Other Current Assets	0.81	0.71	0.64	1.1	0.32	0.16
Total Current Assets	58.85	59.64	58.01	95.15	98.68	130.38
Property, Plant & Equipment	1.68	1.93	2.32	1.67	3.51	1.52
Other Intangible Assets	0.17	0.18	0.14	0.11	0.12	0.1
Long-Term Deferred Charges	1.28	1.03	0.91	0.88	0.66	0.41
Total Assets	61.97	62.78	61.37	97.8	102.97	132.4

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	0.47	1.8	1.9	0.46	0.41	1.34
Accrued Expenses	6.33	5.56	5.7	4.84	4.52	1.95
Current Portion of Leases	0.34	0.34	0.37	0.56	0.44	0.52
Current Unearned Revenue	11.98	10.7	9.87	9.53	8.24	6.63
Other Current Liabilities	0.45	-	0.54	-	-	-
Total Current Liabilities	19.56	18.4	18.37	15.38	13.61	10.43
Long-Term Leases	0.94	1.13	1.4	0.48	1.51	0.36
Total Liabilities	20.5	19.52	19.77	15.86	15.12	10.79

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	108.85	109.35	109.46	147.74	146.18	145.58
Additional Paid-In Capital	8.51	7.83	7.95	8.67	6.93	4.87
Retained Earnings	-75.39	-73.95	-75.24	-75	-65.22	-28.8
Comprehensive Income & Other	-0.49	0.03	-0.58	0.53	-0.04	-0.04
Shareholders' Equity	41.47	43.26	41.59	81.94	87.85	121.61
Total Liabilities & Equity	61.97	62.78	61.37	97.8	102.97	132.4

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1.27	1.47	1.77	1.03	1.96	0.88
Net Cash (Debt)	49.7	49.23	47.72	85.58	91.89	125.18
Net Cash Growth	-2.18%	3.15%	-44.23%	-6.87%	-26.59%	1524.67%
Net Cash Per Share	0.73	0.72	0.64	1.06	1.17	1.92
Filing Date Shares Outstanding	67.29	67.74	68.08	80.79	79.75	77.25
Total Common Shares Outstanding	67.39	68.02	68.28	81.36	79.67	77.25
Working Capital	39.29	41.24	39.63	79.77	85.07	119.95
Book Value Per Share	0.62	0.64	0.61	1.01	1.10	1.57
Tangible Book Value	41.31	43.08	41.46	81.83	87.73	121.51
Tangible Book Value Per Share	0.61	0.63	0.61	1.01	1.10	1.57
Machinery	-	-	-	-	1.67	0.63
Leasehold Improvements	-	-	-	-	0.66	0.47

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 29, 2026

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