Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Thinkific Labs Inc. is a Canadian software company that provides a cloud-based platform for creating, marketing, selling, and managing online learning products. The company operates in the software-as-a-service (SaaS) industry, primarily serving entrepreneurs, educators, coaches, consultants, businesses, and digital content creators seeking to monetize knowledge-based products. Thinkific’s platform enables users to build branded online courses, memberships, communities, digital downloads, and learning experiences without requiring extensive technical expertise.
The company’s primary revenue drivers include subscription fees from its platform tiers, payments-related services, and additional commerce and learning tools integrated into its ecosystem. Thinkific positions itself as a creator-focused learning commerce platform emphasizing ownership of customer relationships, customizable branding, and scalable digital education infrastructure. Founded in 2012 and headquartered in Vancouver, Canada, Thinkific evolved from an online course business created by co-founder Greg Smith into a publicly traded technology company listed on the Toronto Stock Exchange, with U.S. over-the-counter trading under the symbol THNCF.
Business Operations
Thinkific generates revenue primarily through its subscription-based platform services, which allow creators and businesses to launch and operate online education businesses. Its core offerings include course creation tools, website hosting, payment integrations, analytics, marketing automation capabilities, digital community functionality, and enterprise learning solutions. The company also derives revenue from transaction-related services and add-on products tied to creator commerce and customer engagement.
The company serves customers across both North America and international markets through a largely digital operating model. Thinkific controls proprietary SaaS infrastructure supporting content delivery, customer management, and creator monetization workflows. Strategic integrations with third-party platforms such as payment processors, marketing tools, and e-commerce applications expand the functionality of its ecosystem. The company has also developed partnerships with technology providers and channel partners to broaden adoption among businesses and professional creators.
Strategic Position & Investments
Thinkific’s strategic direction has focused on expanding beyond standalone online courses into a broader “learning commerce” ecosystem that combines education, community engagement, and digital monetization tools. Growth initiatives have included investments in AI-enabled creator tools, commerce infrastructure, customer retention features, and enterprise-grade functionality intended to support larger organizations and professional training providers. The company has also emphasized increasing average revenue per user through premium services and platform expansion.
A notable strategic transaction was the acquisition of Mighty Networks competitor/community-focused technology assets through acquisitions and product expansion initiatives, intended to strengthen Thinkific’s community and engagement capabilities. The company has continued investing in mobile learning experiences, creator analytics, and integrated digital storefront functionality. Thinkific’s positioning reflects broader industry trends toward independent digital education businesses, creator-led entrepreneurship, and recurring-revenue online communities.
Geographic Footprint
Thinkific is headquartered in Vancouver, British Columbia, Canada, and operates primarily through cloud-based infrastructure serving customers globally. The company maintains a significant presence in North America, which represents its largest market by revenue, while also supporting creators and businesses across Europe, Asia-Pacific, Latin America, and other international regions through online distribution and platform accessibility.
Its operational footprint is largely digital rather than dependent on extensive physical offices or manufacturing assets. Thinkific’s international reach is supported by remote workforce capabilities, cloud infrastructure providers, and globally accessible payment and commerce integrations. The company’s customer base includes independent creators, small and medium-sized businesses, educational organizations, and enterprise clients operating in multiple countries.
Leadership & Governance
Thinkific was co-founded by Greg Smith, who played a central role in shaping the company’s creator-first strategy and transition from an online education business into a scalable SaaS platform. The company’s leadership has consistently emphasized empowering creators to own their audience relationships, branding, and revenue channels rather than relying exclusively on marketplace-based education platforms.
Key members of leadership include:
- Greg Smith – Co-Founder and Chief Executive Officer
- Miranda Lievers – Co-Founder
- Sean Liu – Chief Technology Officer
- Barb Rathburn – Chief Financial Officer
- Matt Payne – Chief Revenue Officer
The company operates under a public-company governance structure overseen by a board of directors and management team responsible for strategic growth, operational execution, and shareholder accountability. Public disclosures through SEC-related OTC market filings, Canadian securities filings, and investor materials indicate a strategic focus on sustainable SaaS growth, product innovation, and expansion of creator monetization capabilities.