Thinkific Labs Inc (THNC) - Net Assets
Based on the latest financial reports, Thinkific Labs Inc (THNC) has net assets worth CA$43.18 Million CAD (≈ $31.23 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$62.66 Million ≈ $45.33 Million USD) and total liabilities (CA$19.49 Million ≈ $14.10 Million USD). 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. Check THNC asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$43.18 Million |
| % of Total Assets | 68.9% |
| Annual Growth Rate | 72.63% |
| 5-Year Change | -64.5% |
| 10-Year Change | N/A |
| Growth Volatility | 810.68 |
Thinkific Labs Inc - Net Assets Trend (2019–2025)
This chart illustrates how Thinkific Labs Inc's net assets have evolved over time, based on quarterly financial data. Also explore Thinkific Labs Inc (THNC) total assets for the complete picture of this company's asset base.
Annual Net Assets for Thinkific Labs Inc (2019–2025)
The table below shows the annual net assets of Thinkific Labs Inc from 2019 to 2025. For live valuation and market cap data, see market cap of Thinkific Labs Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$43.18 Million ≈ $31.23 Million |
+3.81% |
| 2024-12-31 | CA$41.59 Million ≈ $30.09 Million |
-49.24% |
| 2023-12-31 | CA$81.94 Million ≈ $59.27 Million |
-6.73% |
| 2022-12-31 | CA$87.85 Million ≈ $63.55 Million |
-27.76% |
| 2021-12-31 | CA$121.61 Million ≈ $87.97 Million |
+2190.63% |
| 2020-12-31 | CA$5.31 Million ≈ $3.84 Million |
+225.72% |
| 2019-12-31 | CA$1.63 Million ≈ $1.18 Million |
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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 7268270900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$109.15 Million | 252.80% |
| Other Comprehensive Income | CA$25.95K | 0.06% |
| Other Components | CA$7.81 Million | 18.09% |
| Total Equity | CA$43.18 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 |
|---|---|
|
SanDi Properties Co Ltd
TW:1438
|
$77.60 Million |
|
South West Pinnacle Exploration Limited
NSE:SOUTHWEST
|
$77.61 Million |
|
Aerovate Therapeutics Inc
NASDAQ:AVTE
|
$77.68 Million |
|
Huvis Corporation
KO:079980
|
$77.73 Million |
|
Axon Partners Group S.A.
MC:APG
|
$77.56 Million |
|
Vocento
MC:VOC
|
$77.54 Million |
|
UY Scuti Acquisition Corp.
NASDAQ:UYSC
|
$77.54 Million |
|
Greenland Energy Company Common Stock
NASDAQ:GLND
|
$77.52 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 2024 to 2025, total equity changed from 41,594,000 to 43,178,278, a change of 1,584,278 (3.8%).
- Net income of 1,311,563 contributed positively to equity growth.
- Share repurchases of 3,118,654 reduced equity.
- Other comprehensive income increased equity by 601,952.
- Other factors increased equity by 2,789,417.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.31 Million | +3.04% |
| Share Repurchases | CA$3.12 Million | -7.22% |
| Other Comprehensive Income | CA$601.95K | +1.39% |
| Other Changes | CA$2.79 Million | +6.46% |
| Total Change | CA$- | 3.81% |
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: 2.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 72.54x to 2.52x 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 | CA$0.02 | CA$1.58 | x |
| 2020-12-31 | CA$0.07 | CA$1.58 | x |
| 2021-12-31 | CA$1.87 | CA$1.58 | x |
| 2022-12-31 | CA$1.12 | CA$1.58 | x |
| 2023-12-31 | CA$1.01 | CA$1.58 | x |
| 2024-12-31 | CA$0.60 | CA$1.58 | x |
| 2025-12-31 | CA$0.63 | CA$1.58 | 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): 3.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.76%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 1.45x
- Recent ROE (3.04%) is above the historical average (-11.96%), 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 | CA$127.55K |
| 2020 | -20.99% | -5.29% | 1.63x | 2.44x | CA$-1.65 Million |
| 2021 | -23.39% | -74.62% | 0.29x | 1.09x | CA$-40.60 Million |
| 2022 | -47.70% | -81.40% | 0.50x | 1.17x | CA$-50.68 Million |
| 2023 | -11.94% | -16.56% | 0.60x | 1.19x | CA$-17.97 Million |
| 2024 | -0.57% | -0.35% | 1.09x | 1.48x | CA$-4.40 Million |
| 2025 | 3.04% | 1.76% | 1.19x | 1.45x | CA$-3.01 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: $38,019,795
- Average return on equity (ROE) among peers: -271.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thinkific Labs Inc (THNC) | CA$43.18 Million | 17.83% | 0.45x | $77.57 Million |
| Abaxx Technologies Inc (ABXX) | $42.03 Million | -128.66% | 0.23x | $1.39 Billion |
| Adcore Inc (ADCO) | $7.48 Million | -13.17% | 1.10x | $10.05 Million |
| AnalytixInsight Inc (ALY) | $-3.70 Million | 0.00% | 0.00x | $1.76 Million |
| Agereh Technologies Inc (AUTO) | $-5.56 Million | 0.00% | 0.00x | $4.14 Million |
| Acceleware Ltd (AXE) | $-5.40 Million | 0.00% | 0.00x | $11.79 Million |
| BLUERUSH Media Group Corp (BTV) | $127.22K | -2633.08% | 15.00x | $356.37K |
| Boardwalktech Software Corp (BWLK) | $-4.63 Million | 0.00% | 0.00x | $2.80 Million |
| Computer Modelling Group Ltd. (CMG) | $8.50 Million | -24.71% | 0.35x | $231.91 Million |
| Constellation Software Inc. (CSU) | $338.18 Million | 52.41% | 3.86x | $37.43 Billion |
| NamSys Inc (CTZ) | $3.18 Million | 36.12% | 0.12x | $24.35 Million |
About 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.