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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 $97.5M
LTM EBITDA $4.3M
$75.9M
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 (LTM) of $97.5M and a last 12-month EBITDA of $4.3M.
In the most recent fiscal year, Thinkific Labs achieved revenue of $48.3M and an EBITDA of -$0.8M.
Thinkific Labs expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thinkific Labs valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $97.5M | XXX | $48.3M | XXX | XXX | XXX |
| Gross Profit | $72.9M | XXX | $36.3M | XXX | XXX | XXX |
| Gross Margin | 75% | XXX | 75% | XXX | XXX | XXX |
| EBITDA | $4.3M | XXX | -$0.8M | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | -2% | XXX | XXX | XXX |
| EBIT | -$3.3M | XXX | -$1.8M | XXX | XXX | XXX |
| EBIT Margin | -3% | XXX | -4% | XXX | XXX | XXX |
| Net Profit | -$1.0M | XXX | -$0.2M | XXX | XXX | XXX |
| Net Margin | -1% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Thinkific Labs's stock price is CAD 3 (or $2).
Thinkific Labs has current market cap of CAD 174M (or $126M), and EV of CAD 105M (or $75.9M).
See Thinkific Labs trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $75.9M | $126M | XXX | XXX | XXX | XXX | $-0.01 |
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Start Free TrialAs of May 30, 2025, Thinkific Labs has market cap of $126M and EV of $75.9M.
Thinkific Labs's trades at 1.6x EV/Revenue multiple, and -99.4x EV/EBITDA.
Equity research analysts estimate Thinkific Labs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Thinkific Labs has a P/E ratio of -166.4x.
See valuation multiples for Thinkific Labs and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $126M | XXX | $126M | XXX | XXX | XXX |
| EV (current) | $75.9M | XXX | $75.9M | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 24.3x | XXX | -99.4x | XXX | XXX | XXX |
| EV/EBIT | -32.2x | XXX | -43.0x | XXX | XXX | XXX |
| EV/Gross Profit | 1.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | -166.4x | XXX | -734.4x | XXX | XXX | XXX |
| EV/FCF | 17.9x | XXX | 15.6x | 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.
Start Free TrialThinkific Labs's last 12 month revenue growth is 7%
Thinkific Labs's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Thinkific Labs's rule of 40 is -8% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Thinkific Labs's rule of X is 22% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Thinkific Labs and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | -2% | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -8% | XXX | 6% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 22% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 31% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 28% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 79% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 $126M |
| What is the current revenue of Thinkific Labs? | Thinkific Labs's last 12 months revenue is $97.5M. |
| What is the current revenue growth of Thinkific Labs? | Thinkific Labs revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Thinkific Labs? | Current revenue multiple of Thinkific Labs is 1.1x. |
| 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's last 12 months EBITDA is $4.3M. |
| What is Thinkific Labs's EBITDA margin? | Thinkific Labs's last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Thinkific Labs? | Current EBITDA multiple of Thinkific Labs is 24.3x. |
| What is the current FCF of Thinkific Labs? | Thinkific Labs's last 12 months FCF is $5.9M. |
| What is Thinkific Labs's FCF margin? | Thinkific Labs's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Thinkific Labs? | Current FCF multiple of Thinkific Labs is 17.9x. |
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