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SKIL

Skillsoft Corp.

SKIL

Skillsoft Corp. • NYSE
$9.99 ▼ -4.49% (-0.47)
Market Cap $87.01 M
52w High $34.42
52w Low $9.14
Dividend Yield 0%
P/E -0.72
Volume 117.47K
Outstanding Shares 8.71M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $128.822M ▲ $107.763M ▼ $-23.788M ▲ -18.466% ▲ $-2.78 ▲ $-11.83M ▼
Q1-2026 $124.201M ▼ $110.14M ▼ $-38.049M ▼ -30.635% ▼ $-4.57 ▼ $7.63M ▼
Q4-2025 $133.753M ▼ $117.412M ▲ $-31.107M ▼ -23.257% ▼ $-3.75 ▼ $16.619M ▼
Q3-2025 $137.225M ▲ $112.09M ▼ $-23.599M ▲ -17.197% ▲ $-2.86 ▲ $23.213M ▲
Q2-2025 $132.223M $119.08M $-39.566M -29.924% $-4.84 $6.581M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $100.512M ▼ $969.426M ▼ $630.105M ▼ $42.453M ▼
Q1-2026 $127.841M ▲ $1.022B ▼ $959.837M ▼ $62.649M ▼
Q4-2025 $100.766M ▲ $1.106B ▲ $1.012B ▲ $93.846M ▼
Q3-2025 $97.921M ▼ $1.054B ▼ $933.051M ▼ $120.48M ▼
Q2-2025 $122.652M $1.126B $984.97M $141.422M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-30.73M ▲ $-4.297M ▼ $-5.384M ▼ $4.152M ▲ $83K ▼ $-906K ▼
Q1-2026 $-38.049M ▼ $31.298M ▲ $-5.134M ▼ $-1.953M ▲ $27.595M ▲ $26.164M ▲
Q4-2025 $-31.107M ▼ $17.751M ▲ $-4.53M ▲ $-10.685M ▲ $1.535M ▲ $13.221M ▲
Q3-2025 $-23.599M ▲ $8.717M ▲ $-4.633M ▲ $-32.571M ▼ $-28.341M ▼ $4.074M ▲
Q2-2025 $-39.566M $-11.44M $-4.678M $-4.003M $-19.461M $-16.118M

Revenue by Products

Product Q2-2025Q3-2025Q1-2026Q2-2026
Global Knowledge Segment
Global Knowledge Segment
 $0 ▲$0 ▲$30.00M ▲$30.00M ▲
Professional Services
Professional Services
 $10.00M ▲$10.00M ▲$0 ▼$0 ▲
SAAS and Subscription Services
SAAS and Subscription Services
 $100.00M ▲$100.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Skillsoft shows a business with steady but not growing sales and persistent accounting losses. Revenue has hovered in a fairly narrow range over the past few years, with a slight dip most recently, suggesting limited top‑line momentum. On the positive side, gross margins are high, meaning the core content and platform business is economically attractive before overhead. However, operating income and net income have been negative every year, reflecting heavy spending on content, technology, integration, and restructuring. The losses appear to be shrinking over time and profit measures like EBITDA have improved, but the company is still clearly in “turnaround” rather than “mature, consistently profitable” territory.

Balance Sheet

Balance Sheet The balance sheet looks meaningfully weaker than a few years ago. Total assets have been coming down, which may reflect divestitures, amortization of intangibles, or write‑downs. Debt sits at a sizable level relative to the asset base and has not fallen dramatically, while shareholder equity has eroded sharply. The result is a thin equity cushion and a more financially leveraged profile. Cash on hand is modest rather than abundant, so while there is some liquidity, the company does not have a large buffer if conditions worsen. Overall, financial flexibility appears limited and rebuilding the balance sheet is a key medium‑term challenge.

Cash Flow

Cash Flow Despite the accounting losses, cash generation is notably better than the income statement might suggest. Operating cash flow has been hovering around break‑even, with the most recent year slightly positive. Capital spending needs are low, so free cash flow has also been close to zero, occasionally slightly negative or slightly positive. This points to a business that can largely fund itself day‑to‑day, but with little spare cash to aggressively pay down debt or invest heavily without outside capital or improved profitability. The direction of travel—toward small positive cash flow—is encouraging, but the margin for error remains thin.

Competitive Edge

Competitive Edge Skillsoft operates in a crowded corporate learning market but does have some clear strengths. Its AI‑native Percipio platform, broad content library, and long history with large enterprises give it a credible position with big corporate clients. The integration of Codecademy adds hands‑on technical training, and the SumTotal suite allows Skillsoft to connect learning with broader talent and workforce management. Deep relationships and integration into HR systems make it harder for large customers to switch quickly. At the same time, competition from platforms like Coursera and Udemy is intense, with some rivals perceived as more user‑friendly. Recent revenue softness suggests that competitive and macro pressures are real, so maintaining pricing power and customer retention is an ongoing test.

Innovation and R&D

Innovation and R&D Innovation is a central part of Skillsoft’s story. The company is leaning heavily into AI, with the Percipio platform designed around AI‑driven personalization, skills analytics, and adaptive learning. CAISY, the conversational AI coach, targets “power skills” such as communication and leadership, which are hard to teach at scale using traditional methods. The Codecademy acquisition expands into high‑demand technical areas like coding, cybersecurity, cloud, and AI itself. Management is clearly prioritizing new content and features in fast‑growing skill areas and embedding AI across the product suite. The key uncertainty is not whether Skillsoft is innovating—it is whether these innovations will translate into stronger growth, better retention, and a clear financial payoff.

Summary

Skillsoft is a company in transition: an established enterprise learning provider trying to reposition itself as an AI‑driven skills and talent platform. The business model shows attractive gross margins but has not yet produced consistent profits, and sales have recently been more flat‑to‑down than growing. Cash flow is roughly break‑even to modestly positive, which is a relative strength, but the balance sheet has weakened, with thin equity and meaningful leverage that reduce financial safety. Competitively, Skillsoft brings strong content, deep enterprise relationships, and differentiated AI tools, but faces intense pressure from newer and often more consumer‑friendly rivals. The investment case hinges on execution: stabilizing and then growing revenue, converting AI and product innovation into clear commercial gains, and using any improvement in cash generation to gradually repair the balance sheet. Uncertainty remains high until those trends are more firmly established.

NEWS

November 26, 2025 · 8:00 AM UTC

Skillsoft to Report Third Quarter Fiscal 2026 Financial Results on December 10

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September 16, 2025 · 8:00 AM UTC

Skillsoft Launches Industry's First AI-Native Skills Intelligence Platform for the Human + AI Workforce

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September 9, 2025 · 4:05 PM UTC

Skillsoft Reports Financial Results for the Second Quarter of Fiscal 2026

Read more