Thinkific Q3 revenue beats estimates on strong commerce segment performance

Thinkific Labs

12/11/2025 21:32

Overview

Thinkific 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/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$18.60 mln
$18.20 mln (6 Analysts)
Q3 Net Income
$200,000
Q3 Adjusted EBITDA
Beat
$1.10 mln
$811,200 (6 Analysts)
Q3 Gross Margin
73.00%
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 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: ID:nCNWKxmbwa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)