Thinkific Labs Inc
Thinkific Labs Inc. engages in the development, marketing, and support management of cloud-based platform in Canada, the United States, and internationally. Its platform enables entrepreneurs and established businesses to create, market, sell, and deliver online courses and other learning products. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.
Thinkific Labs Inc (THNCF) - Net Assets
Latest net assets as of September 2025: $42.78 Million USD
Based on the latest financial reports, Thinkific Labs Inc (THNCF) has net assets worth $42.78 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($62.44 Million) and total liabilities ($19.66 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $42.78 Million |
| % of Total Assets | 68.51% |
| Annual Growth Rate | 91.1% |
| 5-Year Change | 683.44% |
| 10-Year Change | N/A |
| Growth Volatility | 867.74 |
Thinkific Labs Inc - Net Assets Trend (2019–2024)
This chart illustrates how Thinkific Labs Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thinkific Labs Inc (2019–2024)
The table below shows the annual net assets of Thinkific Labs Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $41.59 Million | -49.24% |
| 2023-12-31 | $81.94 Million | -6.73% |
| 2022-12-31 | $87.85 Million | -27.76% |
| 2021-12-31 | $121.61 Million | +2190.63% |
| 2020-12-31 | $5.31 Million | +225.72% |
| 2019-12-31 | $1.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thinkific Labs Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7410628000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $109.46 Million | 263.16% |
| Other Comprehensive Income | $-575.66K | -1.38% |
| Other Components | $7.94 Million | 19.10% |
| Total Equity | $41.59 Million | 100.00% |
Thinkific Labs Inc Competitors by Market Cap
The table below lists competitors of Thinkific Labs Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CO2 Energy Transition Corp. Common Stock
NASDAQ:NOEM
|
$54.73 Million |
|
BGSF INC. DL-01
F:BGK0
|
$54.74 Million |
|
Shin Heung Energy & Electronics Co.Ltd
KQ:243840
|
$54.74 Million |
|
eWork Group AB
ST:EWRK
|
$54.75 Million |
|
American Crystal Sugar Company PFD REST NON DIV
PINK:ASCS
|
$54.72 Million |
|
Menderes Tekstil Sanayi ve Ticaret AS
IS:MNDRS
|
$54.71 Million |
|
DOF Group ASA
OL:DOFG
|
$54.70 Million |
|
Facephi Biometria SA
MC:FACE
|
$54.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thinkific Labs Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 81,940,000 to 41,594,000, a change of -40,346,000 (-49.2%).
- Net loss of 237,000 reduced equity.
- Share repurchases of 39,162,000 reduced equity.
- Other comprehensive income decreased equity by 1,107,657.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-237.00K | -0.57% |
| Share Repurchases | $39.16 Million | -94.15% |
| Other Comprehensive Income | $-1.11 Million | -2.66% |
| Other Changes | $160.66K | +0.39% |
| Total Change | $- | -49.24% |
Book Value vs Market Value Analysis
This analysis compares Thinkific Labs Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 84.76x to 3.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.02 | $1.85 | x |
| 2020-12-31 | $0.07 | $1.85 | x |
| 2021-12-31 | $1.87 | $1.85 | x |
| 2022-12-31 | $1.12 | $1.85 | x |
| 2023-12-31 | $1.01 | $1.85 | x |
| 2024-12-31 | $0.56 | $1.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thinkific Labs Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.35%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 1.48x
- Recent ROE (-0.57%) is above the historical average (-13.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 17.83% | 2.97% | 1.71x | 3.50x | $127.55K |
| 2020 | -24.36% | -6.14% | 1.63x | 2.44x | $-1.82 Million |
| 2021 | -21.69% | -69.20% | 0.29x | 1.09x | $-38.54 Million |
| 2022 | -41.46% | -70.75% | 0.50x | 1.17x | $-45.21 Million |
| 2023 | -11.94% | -16.56% | 0.60x | 1.19x | $-17.97 Million |
| 2024 | -0.57% | -0.35% | 1.09x | 1.48x | $-4.40 Million |
Industry Comparison
This section compares Thinkific Labs Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thinkific Labs Inc (THNCF) | $42.78 Million | 17.83% | 0.46x | $54.72 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |