Commerce ExpansionCommerce (payments) penetration expanded to 52% of GMV, up from 47% in Q3/24.
New Features LaunchTHNC will be launching advanced payments features, such as invoicing and group orders, which it believes may help drive better Commerce adoption by Plus customers.
Valuation And Cash FlowThere is limited downside to the share price given Thinkific Labs' depressed EV/sales valuation and its ability to generate positive free cash flow.