Payments ExpansionCommerce penetration expanded to 52% of GMV, up from 47% in Q3/24.
Strategic FocusThinkific Labs is shifting its focus upmarket towards larger, more-established customers, which may ultimately drive better revenue growth and profitability.
ValuationThere is limited downside to the share price given Thinkific Labs' depressed EV/sales valuation and its ability to generate positive free cash flow.