THNCF (Thinkific Labs) Operating Margin %: -10.09% (As of Mar. 2026)


THNCF Thinkific Labs Inc THNCF
72 GF Score
Price $0.82
GF Value $2.52
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Thinkific Labs Operating Margin %?

Thinkific Labs THNCF 72 Operating Margin % is -10.09% as of Mar. 2026. GuruFocus rates THNCF with a GF Score™ of 72/100 and a GF Value™ of $2.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,818 Software companies, Thinkific Labs ranks worse than 67.07% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Thinkific Labs's Operating Income for the three months ended in Mar. 2026 was $-1.89 Mil. Thinkific Labs's Revenue for the three months ended in Mar. 2026 was $18.69 Mil. Therefore, Thinkific Labs's Operating Margin % for the quarter that ended in Mar. 2026 was -10.09%.

Good Sign:

Thinkific Labs Inc operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Thinkific Labs's Operating Margin % or its related term are showing as below:

THNCF' s Operating Margin % Range Over the Past 10 Years
Min: -63.77   Med: -5.32   Max: 5.4
Current: -4.06


THNCF's Operating Margin % is ranked worse than
67.07% of 2818 companies
in the Software industry
Industry Median: 3.875 vs THNCF: -4.06

Thinkific Labs's 5-Year Average Operating Margin % Growth Rate was 37.70% per year.

Thinkific Labs's Operating Income for the three months ended in Mar. 2026 was $-1.89 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-3.02 Mil.


Thinkific Labs  (OTCPK:THNCF) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Thinkific Labs Operating Margin % Related Terms


Thinkific Labs Operating Margin % Historical Data

* Premium members only.

The historical data trend for Thinkific Labs's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thinkific Labs Operating Margin % Chart

Thinkific Labs Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial -63.77 -60.11 -17.95 -3.65 -1.81

Thinkific Labs Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.08 -4.65 -1.23 -0.33 -10.09

THNCF vs CRM, SHOP, UBER: Operating Margin % Comparison

For the Software - Application subindustry, Thinkific Labs's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thinkific Labs Operating Margin % vs Software Industry

For the Software industry and Technology sector, Thinkific Labs's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Thinkific Labs's Operating Margin % falls into.


THNCF
72GF Score
Thinkific Labs Inc THNCF
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinkific Labs Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Thinkific Labs's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-1.325 / 73.188
=-1.81 %

Thinkific Labs's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-1.885 / 18.691
=-10.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -10.09% mean?
Thinkific Labs (THNCF) has a Operating Margin % of -10.09% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Thinkific Labs and its competitors. According to the industry distribution chart, Thinkific Labs ranks #1890 out of 2818 companies in the Software industry, placing it in the top 67.1%.
Is Thinkific Labs' Operating Margin % too high?
Thinkific Labs' current Operating Margin % is -10.09%. Based on the distribution chart, Thinkific Labs ranks #1890 out of 2818 companies in the Software industry, which is below the industry midpoint. Overall, Thinkific Labs has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thinkific Labs' Operating Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Thinkific Labs ranks #1890 out of 2818 companies for Operating Margin %. This places Thinkific Labs in the lower half of its industry. The industry median Operating Margin % is 3.88. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Software company?
The median Operating Margin % among Software companies is 3.88, based on 2,818 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Thinkific Labs and its competitors. For the Software industry, the median Operating Margin % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinkific Labs's current Operating Margin % is -10.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinkific Labs stock overvalued right now?
Based on GuruFocus' analysis, Thinkific Labs (THNCF) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.52, compared to a current price of $0.82 — trading 67.4% below its estimated fair value. The current Operating Margin % is -10.09%. Thinkific Labs' overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Thinkific Labs (THNCF), the current Operating Margin % is -10.09% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thinkific Labs (THNCF) Overvalued in 2026?

Based on GuruFocus' analysis, Thinkific Labs stock appears to be undervalued. The current stock price of $0.82 is trading 67.4% below its estimated GF Value™ of $2.52. GuruFocus considers Thinkific Labs to be Significantly Undervalued.

Key valuation signals for THNCF:

  • Operating Margin %: -10.09%
  • GF Value™: $2.52 vs. price of $0.82 (67.4% below fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the THNCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thinkific Labs Business Description

Other Exchanges 5S0A:GermanyTHNC:Canada
Address 369 Terminal Avenue, Suite 400, Vancouver, BC, CAN, V6A 4C4
Thinkific Labs Inc is a cloud-based software platform. Its business activity is to provide a learning commerce platform that helps businesses scale and generate revenue through courses, communities, AI and commerce. The company's platform provides its customers with a learning commerce solution that enables them to create new revenue streams, retain customers, and build community through customized courses, membership sites, communities, digital products and other experiences. Its sources of revenue consist of software subscriptions to its cloud-based platform and revenue from payment processing. Geographically, it operates in Canada; United States, generating maximum revenue; and Rest of the World.
72GF Score

Get the complete analysis for THNCF

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.82
Price
$2.52
GF Value