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StockVS

TSX · Software - Application · CAD

Thinkific Labs Inc. (THNC.TO) Stock Analysis

Thinkific Labs Inc. (THNC.TO) is a Software - Application stock listed on TSX and quoted in Canadian Dollar.

THNC.TO

CA$1.30

−CA$0.05 (−3.70%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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THNC.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$1.30
Previous Close
CA$1.35
Day's Range
1.26–1.36
52-Week Range
1.11–2.40
Volume
8.00K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.37
Valuation
Market Cap
CA$87.61M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
23.47
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.18
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.01
Financials (FY)
Revenue (FY)
CA$73.19M+9.33%
Net Income (FY)
CA$1.29M
Profit marginThe share of revenue left as profit after all costs and taxes.
−1.25%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
67.39M
1-Year Return
−30.11%
Dividend and dates
Earnings Date
November 11, 2026estimated
Avg Volume
21.76K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

THNC.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−32.99%
2025−35.12%
2024−7.14%
2023+71.28%
2022−78.90%
2021 (partial year)−42.88%

As of September 4, 2026.

THNC.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$73.19MCA$1.29M1.8%
2024CA$66.94M−CA$237.00K−0.4%
2023CA$59.05M−CA$9.78M−16.6%
2022CA$51.48M−CA$36.42M−70.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$73.19MCA$53.53M−CA$1.33MCA$1.29M1.8%
2024CA$66.94MCA$50.31M−CA$2.44M−CA$237.00K−0.4%
2023CA$59.05MCA$44.56M−CA$10.60M−CA$9.78M−16.6%
2022CA$51.48MCA$39.11M−CA$30.94M−CA$36.42M−70.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

THNC.TO Valuation vs Software - Application Median

Median of 258 stocks
MetricTHNC.TOSoftware - Application medianvs median
P/S ratio1.182.8258% below
Profit margin−1.25%0.00%1.2 pts below

Medians across 258 Software - Application stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Thinkific Labs Inc. (THNC.TO) carries a market capitalisation of CA$87.61M. The company sits in the Technology sector, in the Software - Application industry. The company reports 314 employees.

The most recent close on file for THNC.TO is CA$1.30, dated September 4, 2026. That is −CA$0.05 (−3.70%) against the previous close. Over the past 52 weeks the price has ranged from CA$1.11 to CA$2.40. The latest close sits 17.12% above that 52-week low.

Financial Health

In fiscal 2025, Thinkific Labs Inc. reported revenue of CA$73.19M. Against the prior fiscal year total of CA$66.94M, that is a change of +9.33%. The same year closed with net income of CA$1.29M. The reported profit margin is −1.25%. That is 1.2 percentage points below the Software - Application median of 0%. Trailing earnings per share are −0.01.

Across the 4 fiscal years on file, revenue moves from CA$51.48M in 2022 to CA$73.19M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. On forward earnings the ratio is 23.47. Measured against sales, the shares trade at 1.18 times revenue. On price-to-sales that is 58.28% below the Software - Application median of 2.82. The medians here are taken across 258 Software - Application companies that report the metric.

Over the trailing twelve months the price has returned −30.11%. Measured over 5 years, that is −38.11% a year compounded. Beta against the wider market is reported at 1.37. Daily returns over the trailing 5 years annualize to a volatility of 72.53%.

Growth & Income

No dividend is on file for THNC.TO.

2026 is still running; the price is −32.99% year to date. Across the complete calendar years on file, 2023 returned +71.28% and 2022 returned −78.90%. Of the 4 complete calendar years on file, 1 finished higher.

Peer Comparison

Thinkific Labs Inc. (THNC.TO) operates in the Software - Application industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Thinkific Labs Inc. THNC.TO CA$87.61M —
SAP SE SAP CA$248.28B 28.0
Salesforce, Inc. CRM CA$213.35B 24.2
Shopify Inc. SHOP CA$188.28B 98.0

The Software - Application industry average P/E ratio is 27.2x. Thinkific Labs Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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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. It provides a learning commerce platform that provides courses, communities, AI and commerce. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.

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