Overview

* Thinkific ( THNCF ) Q3 revenue grows 8% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 beats consensus, showing strong financial discipline

* Company launches AI Teaching Assistant for select customers, full launch in Q1 2026

Outlook

* Company expects Q4 2025 revenue of $18.4 mln to $18.7 mln

* Thinkific plans full launch of AI Teaching Assistant in Q1 2026

Result Drivers

* COMMERCE PERFORMANCE - Strong Commerce segment performance drove revenue growth, with a 23% increase in revenue and 34% growth in GPV

* AI TEACHING ASSISTANT - Early access launch of AI Teaching Assistant received positive feedback, expected to enhance learner engagement

* UPMARKET SHIFT - Strategic shift upmarket and enhancements in Commerce capabilities contributed to revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $18.60 $18.20

Revenue mln mln (6

Analysts

)

Q3 Net $200,000

Income

Q3 Beat $1.10 $811,200

Adjusted mln (6

EBITDA Analysts

)

Q3 Gross 73.00%

Margin

Q3 GMV $115 mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy."

* Wall Street's median 12-month price target for Thinkific Labs Inc ( THNCF ) is C$3.78, about 45.5% above its November 11 closing price of C$2.06

* The stock recently traded at 557 times the next 12-month earnings vs. a P/E of 202 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)