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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.
2012
275
LTM Revenue $97.1M
LTM EBITDA $4.2M
$64.2M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Thinkific Labs has a last 12-month revenue of $97.1M and a last 12-month EBITDA of $4.2M.
In the most recent fiscal year, Thinkific Labs achieved revenue of $46.8M and an EBITDA of -$0.7M.
Thinkific Labs expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thinkific Labs valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $41.3M | $46.8M | XXX | XXX | XXX |
| Gross Profit | $27.4M | $31.2M | XXX | XXX | XXX |
| Gross Margin | 66% | 67% | XXX | XXX | XXX |
| EBITDA | -$6.5M | -$0.7M | XXX | XXX | XXX |
| EBITDA Margin | -16% | -2% | XXX | XXX | XXX |
| Net Profit | -$25.5M | -$6.8M | XXX | XXX | XXX |
| Net Margin | -62% | -15% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Thinkific Labs's stock price is CAD 2 (or $2).
Thinkific Labs has current market cap of CAD 158M (or $110M), and EV of CAD 91.8M (or $64.2M).
See Thinkific Labs trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $64.2M | $110M | XXX | XXX | XXX | XXX | $-0.01 |
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Sign UpAs of April 15, 2025, Thinkific Labs has market cap of $110M and EV of $64.2M.
Thinkific Labs's trades at 0.9x LTM EV/Revenue multiple, and 21.7x LTM EBITDA.
Analysts estimate Thinkific Labs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Thinkific Labs and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $64.2M | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | -86.7x | XXX | XXX | XXX |
| P/E | -666.4x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 13.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpThinkific Labs's NTM/LTM revenue growth is 7%
Thinkific Labs's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Thinkific Labs's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Thinkific Labs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Thinkific Labs and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -2% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -89% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 6% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 31% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 20% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 28% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 79% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Alef Education | XXX | XXX | XXX | XXX | XXX | XXX |
| 51 Talk | XXX | XXX | XXX | XXX | XXX | XXX |
| Janison | XXX | XXX | XXX | XXX | XXX | XXX |
| ReadyTech | XXX | XXX | XXX | XXX | XXX | XXX |
| FLOWSPARKS | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Thinkific Labs acquired XXX companies to date.
Last acquisition by Thinkific Labs was XXXXXXXX, XXXXX XXXXX XXXXXX . Thinkific Labs acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| 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 275 employees. |
| Who is the CEO of Thinkific Labs? | Thinkific Labs's CEO is Mr. Greg Smith, B.Com,L.L.B.. |
| Is Thinkific Labs publicy listed? | Yes, Thinkific Labs is a public company listed on TSE. |
| 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? | Similar companies to Thinkific Labs include e.g. Alef Education, 51 Talk, Janison, ReadyTech. |
| What is the current market cap of Thinkific Labs? | Thinkific Labs's current market cap is $110M |
| What is the current revenue of Thinkific Labs? | Thinkific Labs's last 12-month revenue is $97.1M. |
| What is the current EBITDA of Thinkific Labs? | Thinkific Labs's last 12-month EBITDA is $4.2M. |
| What is the current EV/Revenue multiple of Thinkific Labs? | Current revenue multiple of Thinkific Labs is 0.9x. |
| What is the current EV/EBITDA multiple of Thinkific Labs? | Current EBITDA multiple of Thinkific Labs is 21.7x. |
| What is the current revenue growth of Thinkific Labs? | Thinkific Labs revenue growth between 2023 and 2024 was 13%. |
| Is Thinkific Labs profitable? | Yes, Thinkific Labs is EBITDA-positive (as of the last 12 months). |
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