INST — Stock Film
STOCK FILMSCENE 1/12INST · $23.60
Stock Expert AI presents
INST
Instructure Holdings, Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Instructure Holdings, Inc. What it actually does.

Provides the Canvas Learning Management System (LMS) for K-12 and higher education. Now — the numbers.

on the stock market since 2021
1,496 employees
$3.5B market value
WHERE DOES THE MONEY COME FROM?
92%Subscription and Support
Subscription and SupportProfessional Services and Other 8%
92% of all revenue comes from a single line: Subscription and Support.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$530.2M
The loss that same year:
$34.1M
For every $1 it earns, the company spends $1.1.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales are growing, year after year.

Average growth of 20% a year over the last 4 years. Red columns mark years that ended in a loss.

$258.5M
2019
2020
2021
2022
$530.2M
2023
In the vault right now:
$341M
DEBT: $503.2M
At this pace, that money lasts about 10 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
6.5×

This company is not turning a profit, so the market is pricing its sales instead: 6.5× for every dollar of annual revenue.

Analysts' average target sits 22% above today's price.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 2 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

STRENGTHS
Fat profit per sale, but shrinking10/10
WEAK SPOTS
The stock has lost its spark0/10
THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 17% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 20% a year on average.

2
THE BRIGHT SIDE · 2/3
Sales are holding up

The company sells $530.2M a year; the problem isn’t sales — it’s costs running above that number.

3
THE BRIGHT SIDE · 3/3
Delivers on expectations

It met or beat analyst expectations in 7 of the last 8 quarters — consistency is a promise kept.

1
THE RISKS · 1/2
The losses continue

A loss of $34.1M against $530.2M in annual sales.

2
THE RISKS · 2/2
Executives lean toward selling

Over the last 12 months, executives reported 28 sells against just 9 buys. Not an alarm bell by itself, but a number worth watching.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film