Canada's Thinkific Q4 revenue slightly beats, helped by strength in commerce segment

Overview

• Canada learning commerce platform's Q4 revenue slightly beat analyst expectations

• Company focuses on upmarket growth and AI integration for operational improvements

Outlook

• Thinkific expects Q1 2026 revenue of $18.6 mln to $18.9 mln

• Company anticipates Q1 2026 adjusted EBITDA loss of 2% to 5% of revenue

• Thinkific focuses on AI integration to enhance product capabilities in 2026

Result Drivers

• COMMERCE GROWTH - Strong performance in Commerce segment drove Q4 revenue, with GPV growing 23% and penetration rate increasing to 63%

Company press release: ID:nCNW3R0SYa

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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$3.25, about 72.9% above its March 4 closing price of C$1.88

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