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Thinkific Labs Valuation Multiples
Discover revenue and EBITDA valuation multiples for Thinkific Labs and similar public comparables like Sylogist, Skillsoft, FLOWSPARKS, DAY1 and more.
Thinkific Labs Overview
About Thinkific Labs
Thinkific Labs Inc is a cloud-based software platform. Its business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching. The platform provides its creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites and other experiences that creators can create, sell, and deliver using its Platform. Its sources of revenue consist of software subscriptions to its cloud-based platform and revenue from payment processing.
Founded
2012
HQ
Employees
275
Website
Financials (LTM)
EV
$20M
Thinkific Labs Financials
Thinkific Labs reported last 12-month revenue of $74M and EBITDA of $3M.
In the same LTM period, Thinkific Labs generated $54M in gross profit, $3M in EBITDA, and had net loss of ($415K).
Revenue (LTM)
Thinkific Labs P&L
In the most recent fiscal year, Thinkific Labs reported revenue of $73M and EBITDA of $4M.
Thinkific Labs expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $74M | XXX | $73M | XXX | XXX | XXX |
| Gross Profit | $54M | XXX | $54M | XXX | XXX | XXX |
| Gross Margin | 73% | XXX | 73% | XXX | XXX | XXX |
| EBITDA | $3M | XXX | $4M | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | (4%) | XXX | (2%) | XXX | XXX | XXX |
| Net Profit | ($415K) | XXX | $1M | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Thinkific Labs Stock Performance
Thinkific Labs has current market cap of $69M, and enterprise value of $20M.
Market Cap Evolution
Thinkific Labs' stock price is $1.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20M | $69M | -0.5% | XXX | XXX | XXX | $0.02 |
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Start Free TrialThinkific Labs Valuation Multiples
Thinkific Labs trades at 0.3x EV/Revenue multiple, and 6.9x EV/EBITDA.
EV / Revenue (LTM)
Thinkific Labs Financial Valuation Multiples
As of April 19, 2026, Thinkific Labs has market cap of $69M and EV of $20M.
Equity research analysts estimate Thinkific Labs' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Thinkific Labs has a P/E ratio of (165.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $69M | XXX | $69M | XXX | XXX | XXX |
| EV (current) | $20M | XXX | $20M | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 6.9x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBIT | (7.4x) | XXX | (17.1x) | XXX | XXX | XXX |
| EV/Gross Profit | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| P/E | (165.9x) | XXX | 53.4x | XXX | XXX | XXX |
| EV/FCF | 4.5x | XXX | 3.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Thinkific Labs Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Thinkific Labs Margins & Growth Rates
Thinkific Labs' revenue in the last 12 month grew by 5%.
Thinkific Labs' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Thinkific Labs' rule of 40 is 4% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Thinkific Labs' rule of X is 10% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Thinkific Labs Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | (61%) | XXX | (97%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 4% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 10% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 28% | XXX | 28% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 18% | XXX | 18% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 31% | XXX | 30% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 75% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Thinkific Labs Public Comps
See public comps and valuation multiples for other Education Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Thinkific Labs | XXX | XXX | XXX | XXX | XXX | XXX |
| Sylogist | XXX | XXX | XXX | XXX | XXX | XXX |
| Skillsoft | XXX | XXX | XXX | XXX | XXX | XXX |
| FLOWSPARKS | XXX | XXX | XXX | XXX | XXX | XXX |
| DAY1 | XXX | XXX | XXX | XXX | XXX | XXX |
| Jinxin Technology Holding Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Thinkific Labs M&A Activity
Thinkific Labs acquired XXX companies to date.
Last acquisition by Thinkific Labs was on XXXXXXXX, XXXXX. Thinkific Labs acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Thinkific Labs
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialThinkific Labs Investment Activity
Thinkific Labs invested in XXX companies to date.
Thinkific Labs made its latest investment on XXXXXXXX, XXXXX. Thinkific Labs invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Thinkific Labs
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Thinkific Labs
| When was Thinkific Labs founded? | Thinkific Labs was founded in 2012. |
| Where is Thinkific Labs headquartered? | Thinkific Labs is headquartered in Canada. |
| How many employees does Thinkific Labs have? | As of today, Thinkific Labs has over 275 employees. |
| Who is the CEO of Thinkific Labs? | Thinkific Labs' CEO is Greg Smith. |
| Is Thinkific Labs publicly listed? | Yes, Thinkific Labs is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Thinkific Labs? | Thinkific Labs trades under THNC ticker. |
| When did Thinkific Labs go public? | Thinkific Labs went public in 2021. |
| Who are competitors of Thinkific Labs? | Thinkific Labs main competitors are Sylogist, Skillsoft, FLOWSPARKS, DAY1. |
| What is the current market cap of Thinkific Labs? | Thinkific Labs' current market cap is $69M. |
| What is the current revenue of Thinkific Labs? | Thinkific Labs' last 12 months revenue is $74M. |
| What is the current revenue growth of Thinkific Labs? | Thinkific Labs revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Thinkific Labs? | Current revenue multiple of Thinkific Labs is 0.3x. |
| Is Thinkific Labs profitable? | Yes, Thinkific Labs is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Thinkific Labs? | Thinkific Labs' last 12 months EBITDA is $3M. |
| What is Thinkific Labs' EBITDA margin? | Thinkific Labs' last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Thinkific Labs? | Current EBITDA multiple of Thinkific Labs is 6.9x. |
| What is the current FCF of Thinkific Labs? | Thinkific Labs' last 12 months FCF is $4M. |
| What is Thinkific Labs' FCF margin? | Thinkific Labs' last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Thinkific Labs? | Current FCF multiple of Thinkific Labs is 4.5x. |
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