TPrepare a concise company summary for Thinkific that covers: 1) what the company does, 2) how its product works, 3) how it differentiates from competitors, and 4) its goal. The tone should be clear and accessible to a high school student, avoiding vague adjectives.
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Industries
Company Size
201-500
Company Stage
IPO
Headquarters
Vancouver, Canada
Founded
2012
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Total Funding
$141.7M
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Harmonic revenue jumps 64% as rest-of-market sales more than double. Thinkific grew revenue 2% last quarter. Its stock closed October 28 at roughly double its July low. Harmonic grew revenue 64% and raised its outlook, and a 17% opening pop on Tuesday had mostly faded by mid-morning. Harmonic revenue jumps 64% to $148.8 million, full-year outlook raised again. Harmonic Inc. (Nasdaq: HLIT) reported third-quarter revenue of $148.8 million on November 2, up 64% year over year and well clear of its own $125 million to $135 million guidance. Analysts had expected roughly $130 million. Non-GAAP earnings of $0.23 per share topped a $0.17 consensus. Full-year 2026 revenue guidance moved to $545 million to $555 million, up from $505 million to $525 million. It is the third raise this year. The 64% compares broadband with broadband. Harmonic sold its video business to MediaKind for $145 million in June, so the year-ago base is $90.5 million from continuing operations. The company originally reported $142.4 million for Q3 2025, video included. Most of the growth came from outside its two biggest accounts. Rest-of-Market, Harmonic's term for revenue from everyone except its two largest customers by subscriber count, more than doubled to a record 46% of revenue. Those two customers still made up 54% of the quarter, at 37% and 16%. Backlog and deferred revenue rose 58% to $534 million. Bookings went the other way. Q3 orders came in at $105.9 million, down from $144.3 million in Q2, and the $141 million to $151 million Q4 revenue guide sits below the quarter just reported at its midpoint. Inventory days climbed to 120 from 95 as management stocked up ahead of expected component cost increases. The stock opened at $11.89 on November 3, up from a $10.19 close, then slid back to around $10.84 by mid-morning. Thinkific beats Q3 revenue guidance, targets 20% to 25% EBITDA margin in Q4. Thinkific Labs Inc. (TSX: THNC; OTC Pink: THNCF) reported third-quarter revenue of $19.0 million on November 3, above its guided range of $18.6 million to $18.9 million. All figures are in US dollars. Growth was 2%. Thinkific Plus, the product behind its push upmarket, grew 18% to $5.7 million. Self-Serve fell 3% to $13.3 million and is still more than twice as big. ARPU rose 8% to $187 a month. Adjusted EBITDA came in at $1.8 million, or 10% of revenue. On a reported basis Thinkific lost $3.8 million, against a $0.2 million profit a year earlier, after $4.7 million in restructuring costs from a September 23 reorganization. Management expects that plan to save about $19 million a year gross. That is roughly a quarter of annual revenue. The Q4 target is the bold part. Thinkific is guiding to a 20% to 25% Adjusted EBITDA margin on revenue of $18.9 million to $19.2 million, roughly flat with Q3, so the margin jump rests on the cost cuts. It is also aiming for a 25% free cash flow margin in 2027. CEO Greg Smith told investors he expects to "re-accelerate growth" after the reorganization. Cash and short-term investments stood at $50.3 million. Shares closed at C$2.24 on October 28, against an all-time low of C$1.11 set July 9. The US line, THNCF, trades on OTC Pink, a tier with lighter disclosure requirements than OTCQX or OTCQB. US investors should check that their broker can trade it. HLIT, THNC: Forward-Looking FAQ. Harmonic's Q4 guide of $141 million to $151 million sits below Q3's $148.8 million at the midpoint. Is growth topping out? Not on the full-year math. The new range implies about 53% growth for 2026 at the midpoint, backed by $534 million in backlog and deferred revenue. Q3 bookings did fall to $105.9 million from $144.3 million, so Q4 orders will show whether that backlog is being refilled. Thinkific is guiding Q4 revenue roughly flat. Where does a jump from a 10% to a 20%-25% Adjusted EBITDA margin come from? Costs. The September 23 reorganization is expected to save about $19 million a year gross, and Q4 is the first full quarter after it. The Q4 margin will be the first hard check on that savings estimate. Sources. Editorial disclosure. Securities discussed: Harmonic Inc. (Nasdaq: HLIT) and Thinkific Labs Inc. (TSX: THNC; OTC Pink: THNCF). aktiego.com has not received any compensation from any company mentioned, their management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication. THNCF trades on OTC Pink; US investors should check broker availability. Small cap and micro-cap stocks listed on the CSE, TSX, TSXV, and Nasdaq are speculative investments carrying significant risk including potential total loss of capital. Coverage on aktiego.com is provided for informational and educational purposes only. aktiego.com is not a registered investment advisor. 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Thinkific beat revenue guidance but deepened its Q3 loss. The edtech firm also named Amanda Malko president and chief revenue officer as it targets $18.9-19.2 million of Q4 2026 revenue. about 1 hour ago - 1 min What's going on here? Thinkific Labs beat its Q3 revenue target after the close on Tuesday, but the edtech company still reported a bigger loss and promoted Amanda Malko to president and chief revenue officer, effective immediately. What does this mean? Thinkific said it lost $0.06 per share in Q3, down from break-even a year earlier and worse than FactSet's expectation for a $0.02 loss. Revenue went the other way: $19.0 million, up from $18.6 million a year earlier and above both management's $18.6-18.9 million range and FactSet's $18.8 million estimate. For Q4 2026, the company guided to $18.9-19.2 million of revenue and said adjusted EBITDA (a profit measure that strips out some one-... Keep reading for free. This content is free, but you must be logged in to continue reading. Already have an account?
Thinkific announces Third Quarter 2026 financial results. Nov 03, 2026, 16:15 ET Delivers positive Adjusted EBITDA of $1.8 million, 10% of Revenue Thinkific reports in thousands of U.S. dollars and in accordance with IFRS. VANCOUVER, BC, Nov. 3, 2026 /CNW/ - Thinkific Labs Inc. ("Thinkific" or the "Company") (TSX: THNC), a premier learning commerce platform designed to scale external training programs, today announced its financial results for the quarter ended September 30, 2026. "In the third quarter, we continued to build momentum in our move upmarket," said Greg Smith, Founder and CEO of Thinkific. "Having reorganized the Company in September, we now possess the capacity to invest in and grow Thinkific Plus, while maintaining excellent support for our valued Self-Serve customers. With a leaner and more agile organization, I am confident in our ability to re-accelerate growth and create a financially strong Thinkific that is a durable partner for our customers and expanding go-to-market ecosystem. I am deeply grateful to our team for their remarkable passion, resilience, and execution during this transition. Together, we are building the future of AI-powered learning and delivering exceptional value to help our customers scale and succeed, as Thinkific will alongside them." Third Quarter Financial Highlights (All comparisons are relative to the third quarter of 2025) * Total revenue for the third quarter of 2026 increased 2% to $19.0 million, above the guided range of $18.6 - $18.9 million, driven by strong Plus performance that helped ARPU[(2)] grow by 8% to $187 per month. * Thinkific Plus Subscription and Commerce revenue grew 18% to $5.7 million. Self-Serve Subscription and Commerce revenue decreased 3% to $13.3 million. * Subscription revenue, in total, increased 3% to $15.5 million, with ARR[(2)] up 4% to $63.1 million. * Commerce revenue, in total, increased 1% to $3.5 million, with GPV[(2)] processed through Thinkific Commerce growing 5% to $73.5 million. Thinkific Commerce penetration rate, measured as GPV[(2)] as a percent of GMV[(2)], increased to 69%, up from 61%. * Gross margin remained flat at 73% in the third quarter of 2026. * Net loss was $3.8 million, a decrease of $4.0 million from net income of $0.2 million. The decrease to a net loss position reflects the restructuring costs of $4.7 million ($4.1 million, net of stock-based compensation reversals) incurred in the quarter. * Adjusted EBITDA[(1)] was $1.8 million, or 10% of revenue, an improvement of $0.8 million. * Cash, cash equivalents and short-term investments were $50.3 million as of September 30, 2026. Third Quarter Operational Highlights * On September 23, Thinkific announced a reorganization to accelerate growth in Thinkific Plus and sharpen operational focus. The move is expected to generate approximately $19 million in gross annualized cost savings and support a target free cash flow margin[(1)] of 25% in F2027. * On September 10, Thinkific announced a product integration and commercial partnership with Articulate, which brings to market Articulate's first native third-party LMS integration. Eligible customers licensed for both platforms can publish content created in Articulate 360 AI directly to Thinkific Plus with one click. * On September 24, Thinkific achieved WCAG 2.1 certification, a widely recognized accessibility standard, supported by regular automated scanning and testing by people with disabilities. This positions Thinkific to expand sales to public-sector customers facing new federal accessibility deadlines. * Product Innovation. Thinkific continued to accelerate improvements to Our Platform in the third quarter of 2026. * Customers can now sell Thinker, our AI Teaching Assistant, as a premium add-on. Thinker can be bundled into any membership or bundle with per-learner access. * Features that help Plus customers scale operations: * Custom Roles lets customers create admins with exactly the access they need. Together with shared team licensing, multi-product bulk enrollment, and manage learner progress, it moves admin work that used to route through Thinkific Support into customers' own hands. The release enabled us to expand six Plus customers with heavy role users. * Group Experiences, a new paid Plus add-on, lets customers deliver white-labeled learning environments, each with its own branding and content, customized for each audience they serve. * Learner Hub. The AI Widget Generator lets non-technical admins build custom experiences by describing them in plain language, now with live course and learner data. Native Learning Paths let customers sequence courses toward a specific learning objective or certification. * Asset Library. Our Video Library is now an Asset Library, a top request from Plus customers. It gives them one place to upload, search, and reuse any media, not just video. * Added Phased Subscription Pricing to Thinkific Plus Commerce, supporting "pay upfront, then membership" models for high-ticket and certification programs. All Thinkific Payments customers also gained improved checkout fraud detection and subscription management tools built for scale. For the fourth quarter of 2026, the Company expects revenue of $18.9 - $19.2 million, while improving Adjusted EBITDA[(1)] to a range of 20% to 25% of revenue. Actual results may differ materially from Thinkific's financial outlook as a result of, among other things, the factors described under "Forward-Looking Statements" below. Quarterly Conference Call and Webcast Information A conference call will be held at 5:00 PM ET (2:00 PM PT) on November 3, 2026 to discuss Thinkific's third quarter of 2026 financial and operational results. To participate in the call, please dial 1.888.510.2154 (US/Canada toll-free) or 1.437.900.0527 (International/Toronto). For those unable to participate, a replay will be available an hour after the event by dialing 1.888.660.6345 (US/Canada toll-free) or 1.289.819.1450 (International/Toronto). The passcode is 86777#. The replay will expire at midnight ET on November 10, 2026. The conference call will also be available via webcast on the Investor Relations section of Thinkific's website at investors.thinkific.com/events-and-presentations. Thinkific's unaudited condensed interim consolidated financial statements and accompanying notes, and Management's Discussion and Analysis for the quarter ended September 30, 2026, are available on the Company's website at www.thinkific.com and on SEDAR+ at www.sedarplus.ca. About Thinkific Thinkific (TSX:THNC) is an award-winning learning commerce platform where courses and community come together to power business growth. Thinkific gives academies, experts, and businesses everything they need to create and sell online learning experiences, build communities, and grow their revenue - all from one platform. Tens of thousands of customers - including companies like GoDaddy, Nasdaq, ActiveCampaign, and Datadog - have generated billions in revenue using Thinkific, impacting more than 200 million people worldwide. Non-IFRS Measures The information presented within this press release includes "Adjusted EBITDA" and certain industry metrics. "Adjusted EBITDA" is not a recognized measure under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, does not have a standardized meaning prescribed by IFRS, and is therefore unlikely to be comparable to similar measures presented by other companies. Rather, this measure is provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management's perspective. Accordingly, it should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. We also use certain industry metrics: "Annual Recurring Revenue", "Average Revenue per User", "Gross Merchandise Volume" and "Gross Payments Volume". These industry metrics are unaudited and are not directly derived from our financial statements. The non-IFRS measure and industry metrics are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS measures and industry metrics in the evaluation of issuers. Our management also uses the non-IFRS measure and industry metrics in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. "Adjusted EBITDA" is defined as Net (loss) income excluding taxes, interest, depreciation and amortization (or EBITDA), as adjusted for stock-based compensation, foreign exchange loss (gain), finance income, restructuring costs, loss on disposal of property and equipment, and non-recurring equity transaction costs. Adjusted EBITDA does not have a standardized meaning under IFRS and is not a measure of operating income, operating performance or liquidity presented in accordance with IFRS, and is subject to important limitations. "Free cash flow" is calculated as net cash provided by (used in) operating activities, less purchases of property and equipment and capitalized internal-use software development costs. "Free cash flow margin" is free cash flow expressed as a percentage of revenue. Management believes that free cash flow and free cash flow margin are useful measures of the Company's ability to generate cash after accounting for capital expenditures required to maintain and grow the business. These measures provide investors with additional insight into the Company's ability to fund future growth, pursue strategic transactions, and return capital to shareholders. Free cash flow and free cash flow margin do not have standardized meanings under IFRS, are not measures of financial performance or liquidity presented in accordance with IFRS, and are subject to important limitations. The Company's definitions of free cash flow and free cash flow margin may differ from similarly titled measures used by other companies. Key Performance Indicators We monitor the following industry metrics to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions: "Annual Recurring Revenue" or "ARR", "Average Revenue per User" or "ARPU", "Gross Merchandise Volume" or "GMV", and "Gross Payments Volume" or "GPV". Our key performance indicators may be calculated in a manner different than similar key performance indicators used by other companies. "ARPU" is the average monthly Revenue per Paying Customer in the quarter. ARPU is calculated by taking the average Revenue for each month in the quarter and dividing this by the average number of Paying Customers for the same quarter. "ARR" is the annual value of all current Paying Customer subscriptions at the end of the period, with the number of Paying Customers multiplied by 12 times the average monthly subscription plan fee in effect on the last day of that period. "GMV" is the total dollar value of all transactions of course sales, membership subscriptions, or other products or services by our customers, facilitated through Our Platform during the period, net of refunds. GMV does not include transactions processed by application programming interfaces or certain apps where the Company does not record the transaction value. "GPV" is the total dollar value of transactions processed using Thinkific Payments in the period, net of refunds and inclusive of sales taxes where applicable. GPV does not represent revenue earned by us. Penetration rate is the percentage of GMV processed through Thinkific Payments, it is calculated by dividing GPV by GMV for the respective period. We believe that growth in GPV is an indicator of success of our customers in monetizing their learning products and of our Thinkific Payments offering. It is also a positive growth driver of revenue, which is derived from payment processing fees. Revenue earned from Thinkific Payments is included in our commerce revenue. Forward-Looking Statements This press release contains forward-looking information within the meaning of applicable securities laws in Canada. Forward-looking information may relate to the Company's future financial outlook and anticipated events or results, including its financial position, business strategy, growth strategies, budgets, operations, financial results, plans and objectives. In some cases, forward-looking information can be identified by terminology such as "plans", "targets", "expects", "continue", "opportunity", "estimates", "outlook", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" "occur" or "be achieved", and similar expressions, or the negative thereof. Statements containing forward-looking information are not historical facts but represent management's expectations, estimates and projections regarding future events. Forward-looking statements in this press release include, but are not limited to, statements regarding our business strategy, financial results and expectations with respect to Adjusted EBITDA; our growth strategies, including the development and deployment of AI-powered features and tools; expectations regarding revenue and the revenue generation potential of Our Platform; objectives around growth and profitability; purchases of Common Shares under the NCIB; and our competitive position in our industry. Forward-looking information is based on opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking information, including the Company's ability to execute on its growth strategies; the impact of changing conditions and increasing competition in the global e-learning market; the Company's ability to keep pace with technological and marketplace changes, including the ethical, legal and regulatory implications of artificial intelligence; the impact of macroeconomic conditions, geopolitical developments and trade policy uncertainty; fluctuations in currency exchange rates and volatility in financial markets; changes in financial condition and demand of our target market; developments and changes in applicable laws and regulations; and such other factors discussed in the "Risk Factors" section of our 2025 Annual Information Form ("AIF"). Forward-looking information is necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties, many of which are beyond the Company's control. Assumptions underlying the Company's expectations include, among others: our ability to continue investing in infrastructure to support our growth; our ability to maintain and enhance the functionality, performance, reliability, security and scalability of Our Platform; our ability to maintain existing customer relationships and acquire new customers; our ability to maintain relationships with service providers, suppliers, partners and other third parties; the continued development and success of new products, features and services; our ability to retain key personnel; our ability to execute on our growth plans; currency exchange and interest rates; the impact of competition; and changes and trends in our industry or the global economy. The foregoing list of assumptions cannot be considered exhaustive. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. The opinions, estimates and assumptions referred to above are described in greater detail in "Summary of Factors Affecting our Performance" and in the "Risk Factors" section of the 2025 AIF, available on SEDAR+ at www.sedarplus.ca. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us that could also cause actual results to differ materially. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents our expectations as of the date specified herein and is subject to change after such date. However, we disclaim any intention or obligation to update or revise any forward-looking information, except as required under applicable securities laws. All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements. Readers are cautioned that any such forward-looking information should not be used for purposes other than for which it is disclosed. | THINKIFIC LABS INC. | | Condensed Interim Consolidated Statements of Financial Position (unaudited) | | Amounts expressed in thousands of U.S. dollars | | / | As at September 30 | As at December 31 | | / | 2026 | 2025 | | Assets | / | / | | Current assets | / | / | | Cash and cash equivalents | $ 27,461 | $ 7,837 | | Short-term investments | 22,839 | 42,857 | | Trade and other receivables | 4,105 | 5,209 | | Prepaid expenses and other assets | 3,154 | 3,030 | | Contract acquisition assets | 845 | 705 | | Total current assets | 58,404 | 59,638 | | Property and equipment | 389 | 530 | | Lease right-of-use assets | 1,139 | 1,396 | | Contract acquisition assets | 1,330 | 1,034 | | Intangible assets | 158 | 181 | | Total assets | $ 61,420 | $ 62,779 | | Liabilities and shareholders' equity | / | / | | Current liabilities | / | / | | Accounts payable and accrued liabilities | $ 10,109 | $ 7,357 | | Lease liabilities | 338 | 342 | | Deferred revenue | 11,946 | 10,697 | | Derivative liability | 263 | - | | Total current liabilities | 22,656 | 18,396 | | Lease liabilities | 840 | 1,126 | | Total liabilities | 23,496 | 19,522 | | Shareholders' equity | / | / | | Share capital | 109,059 | 109,352 | | Contributed surplus | 8,356 | 7,825 | | Accumulated other comprehensive loss | (301) | 26 | | Accumulated deficit | (79,190) | (73,946) | | Total shareholders' equity | 37,924 | 43,257 | | Total liabilities and shareholders' equity | $ 61,420 | $ 62,779 | | THINKIFIC LABS INC. | | Condensed Interim Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income (unaudited) | | Amounts expressed in thousands of U.S. dollars, except share and per share amounts | | / | Three months ended September 30 | Nine months ended September 30 | | / | 2026 | 2025 | 2026 | 2025 | | Revenue | $ 19,002 | $ 18,574 | $ 56,295 | $ 54,516 | | Cost of revenue | 5,121 | 5,027 | 15,497 | 14,519 | | Gross profit | 13,881 | 13,547 | 40,798 | 39,997 | | Operating expenses | / | / | / | / | | Sales and marketing | 4,388 | 5,135 | 13,643 | 15,594 | | Research and development | 6,270 | 5,542 | 19,529 | 15,786 | | General and administrative | 3,015 | 3,099 | 10,122 | 9,881 | | Restructuring, net of stock-based compensation reversals | 4,109 | - | 4,109 | - | | Total operating expenses | 17,782 | 13,776 | 47,403 | 41,261 | | Operating loss | (3,901) | (229) | (6,605) | (1,264) | | Other income | / | / | / | / | | Finance income | 117 | 541 | 1,461 | 1,854 | | Foreign exchange (loss) gain | (14) | (142) | (100) | 353 | | Total other income | 103 | 399 | 1,361 | 2,207 | | Net (loss) income | (3,798) | 170 | (5,244) | 943 | | Other comprehensive (loss) income | / | / | / | / | | Unrealized gain (loss) on derivatives | 185 | (308) | (327) | 431 | | Total comprehensive (loss) income | $ (3,613) | $ (138) | $ (5,571) | $ 1,374 | | Weighted average number of common shares outstanding - basic | 67,336,816 | 68,048,607 | 67,518,017 | 68,110,132 | | Weighted average number of common shares outstanding - diluted | 67,336,816 | 68,698,731 | 67,518,017 | 68,941,424 | | (Loss) earnings per share | / | / | / | / | | Basic and diluted | $ (0.06) | $ 0.00 | $ (0.08) | $ 0.01 | | THINKIFIC LABS INC. | / | | Condensed Interim Consolidated Statements of Cash Flows (unaudited) | | Amounts expressed in thousands of U.S. dollars | / | | / | Nine months ended September 30 | | / | 2026 | 2025 | | Operating activities | / | / | | Net (loss) income | $ (5,244) | $ 943 | | Items not affecting cash and cash equivalents: | / | / | | Depreciation and amortization | 1,051 | 1,010 | | Loss on disposal of property and equipment | 44 | - | | Stock-based compensation | 3,031 | 2,981 | | Unrealized foreign exchange gain | (369) | (394) | | Finance income | (1,461) | (1,854) | | Interest received | 1,434 | 2,246 | | Changes in non-cash working capital: | / | / | | Trade and other receivables | 1,106 | 268 | | Prepaid expenses and other assets | (187) | 83 | | Contract acquisition assets | (1,050) | (685) | | Accounts payable and accrued liabilities | 2,187 | 292 | | Deferred revenue | 1,249 | 1,192 | | Cash from operating activities | $ 1,791 | $ 6,082 | | Investing activities | / | / | | Proceeds on maturity of short-term investments | 20,000 | - | | Investment in property and equipment and intangible assets | (60) | (159) | | Cash from (used in) investing activities | $ 19,940 | $ (159) | | Financing activities | / | / | | Operating lease payments | (276) | (325) | | Exercise of stock options | 7 | 46 | | Tax remittances on stock-based compensation | (416) | (986) | | Shares repurchased for cancellation and other equity-related costs | (1,393) | (2,609) | | Directors compensation and DSU settlements | (346) | - | | Cash used in financing activities | $ (2,424) | $ (3,874) | | Effect of exchange rate fluctuations on cash and cash equivalents held | 317 | 201 | | Increase in cash and cash equivalents | 19,624 | 2,250 | | Cash and cash equivalents, beginning of period | 7,837 | 49,492 | | Cash and cash equivalents, end of period | $ 27,461 | $ 51,742 | | THINKIFIC LABS INC. | | Reconciliation from IFRS to Non-IFRS Measures (unaudited) | | Amounts expressed in thousands of U.S. dollars | / | | / | Three months ended September 30 | Nine months ended September 30 | | (in thousands of U.S. dollars) | 2026 | 2025 | 2026 | 2025 | | Net (loss) income | $ (3,798) | $ 170 | $ (5,244) | $ 943 | | Stock-based compensation | 1,250 | 962 | 3,031 | 2,981 | | Depreciation and amortization | 364 | 323 | 1,051 | 1,010 | | Foreign exchange loss (gain) | 14 | 142 | 100 | (353) | | Finance income | (117) | (541) | (1,461) | (1,854) | | Restructuring costs | 4,109 | - | 4,109 | - | | Non-recurring equity transaction costs | - | - | - | 302 | | Adjusted EBITDA | $ 1,822 | $ 1,056 | $ 1,586 | $ 3,029 | SOURCE Thinkific Labs Inc. For further information: Media: [email protected]; Investor Relations: [email protected]
The best online course platforms for creators in 2026. The best platforms to sell an online course, ranked for solo creators: price, fees, cohorts, and completion tools for 10 platforms, checked September 2026. The best online course platform for most solo creators is one that is cheap to start, low on fees, and helps students actually finish. Eden leads for creators who sell from social media: a course with an AI tutor inside it, plus cohorts and coaching, for $29 a month plus 5%. Thinkific is the best traditional course platform, Kajabi is the all-in-one for big businesses, Maven is best for live cohorts, and Skool is best when the community is the product. Full disclosure: Eden Suite, Inc. make Eden, which is first on this list. Eden Suite, Inc. explain who should pick something else. Every price was checked on each company's own site in September 2026. Payment processing (usually 2.9% + 30¢ per US card) applies everywhere. Why completion matters more than features. Most online courses go unfinished. In the largest study of the subject, researchers tracking 5.6 million learners in MIT and Harvard's free edX courses found that only about 3% completed them in 2017-18 (Reich and Ruipérez-Valiente, Science, 2019). Learners who paid did far better, at 46%. Paid courses from creators do better than free ones, but the lesson holds: students who don't finish don't get results, don't leave reviews, and don't buy your next thing. So when you compare platforms, look past the video player. Look for what gets people through: live sessions, deadlines, a way to ask questions, and a way for you to see who's stuck. The short version. | Platform | Best for | Price from | Platform fee | | Eden | Courses with an AI tutor, cohorts, coaching | $29/mo | 5% | | Thinkific | A classic course platform, unlimited courses | $54/mo ($40 yearly) | 0% on Thinkific Payments | | Kajabi | Everything in one suite | $179/mo | 0% | | Teachable | A low start price | $39/mo ($29 yearly) | 7.5% on Starter | | Maven | Live cohort courses with a marketplace | $0 | 10% | | Skool | Community-first courses | $9/mo | 10% on Hobby | | LearnWorlds | Interactive video, quizzes, certificates | $29/mo ($24 yearly) | $5 per sale on Starter | | Podia | Simple all-in-one | $49/mo ($42 yearly) | 5% on Mover | | Circle | A polished course community | $89/mo (yearly) | 2% | | Udemy | A marketplace with built-in buyers | $0 | 63% of organic sales | 1. Eden: best for courses people finish. Eden lets you write lessons as documents, add video, and sell the course from your link-in-bio page. What makes it different is the AI. A course can come with an AI tutor that knows your material and which lesson the student has open. Stuck students ask it instead of quitting. It can explain, give examples from their own situation, run the exercise, and check their work. Also included: cohorts with dated runs, seats, live sessions, lessons that open week by week, question threads before each call, and reminder emails. Coaching with applications and calendar booking. A notebook for each student, lesson checkmarks, and a Customers view that shows each buyer's progress. Discount codes, order bumps, and memberships are on the entry selling plan. Upsells and affiliates need Pro at $79 a month. Skip it if: you need quizzes and certificates, built-in email marketing, a community space, or a custom domain. Price: $29/mo (Starter), 5% per sale. 2. Thinkific: best classic course platform. Thinkific has unlimited courses on every plan, a 30-day trial, and a Basic plan that includes a community, digital products, and a custom domain. Skip it if: you need cohorts, certificates, graded quizzes, or memberships on the cheapest plan. Those start on Start at $109 a month. Price: Basic $54/mo ($40 yearly), Start $109/mo, Grow $219/mo. 3. Kajabi: best all-in-one suite. Kajabi does everything: website, funnels, unlimited email, courses, cohorts, community, and a branded app. Skip it if: you're starting out. Basic is $179 a month with 5 products and 2,500 contacts. See Kajabi alternatives. Price: Basic $179/mo, Growth $249/mo, Pro $499/mo. 0% platform fee. 4. Teachable: best low start price. Teachable's Starter plan includes coupons, order bumps, upsells, memberships, quizzes, and student apps for $39 a month. Skip it if: you want affiliates, email marketing, or a custom domain without paying $89 for Builder, or you dislike a 7.5% fee. See Teachable alternatives. Price: Starter $39/mo, Builder $89/mo, Growth $189/mo. 5. Maven: best for live cohorts. Maven is built for live cohort courses and short workshops, with a marketplace of learners. Maven says it has over 500,000 learners. Skip it if: you want self-paced courses, your own brand front and center, or to keep more than 90% of each sale. Price: no monthly fee, 10% per sale plus Stripe. 6. Skool: best when community is the product. Skool puts a course, a community feed, a calendar, and a leaderboard in one place, and it has made paid communities popular. Skip it if: you want a website, sales pages, or email tools. Skool has none. Price: Hobby $9/mo (10% fee), Pro $99/mo (2.9% fee). 7. LearnWorlds: best for interactive lessons. LearnWorlds has interactive video, quizzes, assessments, and certificates. Skip it if: you sell cheap courses. Starter charges $5 per paid enrollment. Price: Starter $29/mo, Pro Trainer $99/mo (no enrollment fee). 30-day trial. 8. Podia: best simple all-in-one. Podia puts courses, downloads, coaching, community, and webinars on every plan. Skip it if: your email list is over 1,000 people. Podia's email caps are low. Price: Mover $49/mo (5%), Shaker $99/mo, Earthquaker $179/mo. 9. Circle: best course community. Circle combines courses (self-paced, dripped, or on fixed dates) with a polished community and events. Skip it if: you don't need a community. Every plan charges a fee on top of the monthly price. Price: Professional $89/mo (2%), Business $199/mo (1%), billed yearly. 10. Udemy: best for finding buyers with no audience. Skip it if: you want to earn well per sale. Udemy keeps 63% of sales it brings you, and you keep 97% only when the buyer uses your own coupon or link. Udemy sets frequent discounts, and you don't get your buyers' emails. Price: free to publish. You keep 37% of Udemy's sales, 97% of your own. How to choose. * You have an audience on social media: a platform with a link-in-bio page and low fees, like Eden. * You have no audience yet: a marketplace like Udemy or Maven, to find your first students. * Your course is a live program: Maven, Eden cohorts, or Kajabi. * Your course is a community: Skool or Circle. * You need certificates and tests: LearnWorlds or Thinkific. Frequently asked questions. What is the best platform to sell online courses for beginners? If you have an audience, a low-cost platform with a link-in-bio page, like Eden or Teachable Starter. If you don't, Udemy or Maven, which bring buyers to you. Which course platform has no transaction fees? Kajabi, Thinkific (on Thinkific Payments), Teachable Builder and up, Podia Shaker and up, and LearnWorlds Pro Trainer. Payment processing applies everywhere. Can I sell a course without a website? Yes. Every platform here gives you a sales page and a checkout. Put the link in your social profiles. What's the difference between a self-paced course and a cohort? A self-paced course is available any time, and students go at their own speed. A cohort starts on a set date, with a group, live sessions, and deadlines. Cohorts cost more to run and usually get more people to finish. See how to run a cohort-based course. Want students to finish your course? Start Eden free and build it with an AI tutor inside.
Thinkific cuts 96 roles to refocus on Thinkific Plus. The edtech firm expects about $19 million in annual cost savings, lifts its adjusted EBITDA margin forecast to 7%-10%, and targets a 25% free cash flow margin in 2027. about 5 hours ago - 2 mins What's going on here? Thinkific Labs, an online course platform company, said after trading Wednesday that it's cutting 96 roles and reorganizing around its higher-end Thinkific Plus product. What does this mean? This is a cost-reset more than a sales story. Thinkific expects roughly $5 million in one-time restructuring charges (mostly in the third quarter) to unlock about $19 million of annual operating-cost savings, with most of the benefit starting in the fourth quarter. Notably, it didn't change its third-quarter revenue outlook, so management is trying to lift profitability without counting on a quick demand rebound. That's why it raised its adjusted EBITDA margin forecast to 7%-10%... Keep reading for free. This content is free, but you must be logged in to continue reading. Already have an account?
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Industries
Company Size
201-500
Company Stage
IPO
Headquarters
Vancouver, Canada
Founded
2012
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