Skillsoft Corp.

Listed Company

SKILCIK 0001774675NYSEAcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$512.67M

Net Income

$-139.82M

Total Assets

$963.12M

Equity

$-30.23M

Shares Out

8.81M

Op. Cash Flow

$25.05M

Business

Skillsoft Corp. provides AI-powered digital learning and talent development solutions that help organizations and learners build critical skills and measure outcomes. It offers personalized, interactive learning experiences including self-paced courses, virtual instructor-led training, hands-on practice labs, AI learning assistants, benchmarking tools, compliance training, coaching, and a content marketplace. The company operates through two reportable segments: Talent Development Solutions (Organization and Learner Platforms) and Global Knowledge (instructor-led training). Skillsoft distributes offerings globally via direct sales, strategic partnerships, resellers, OEMs, and integrations with enterprise systems and HCM platforms.

Summary from filing dated 2025-04-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2020 2020-12-31
Total revenues	513	531	553	555	—
Costs of revenues	135	135	153	152	—
Content and software development	56	61	68	70	—
Selling and marketing	153	163	171	173	—
General and administrative	81	92	96	110	—
Amortization of intangible assets	127	127	153	170	—
Impairment of goodwill and intangible assets	32	0	202	641	—
Acquisition and integration related costs	1	4	5	31	—
Restructuring	17	18	14	12	—
Total operating expenses	602	601	862	1,359	—
Operating income (loss)	−89	−70	−309	−804	−906,903
Other income (expense), net	−4	677,000	−2	4	—
Fair value adjustment of warrants	0	0	5	23	—
Fair value adjustment of interest rate swaps	−4	1	3	−2	—
Interest income	2	4	4	531,000	3
Interest expense	−58	−64	−65	−53	—
Income (loss) before provision for (benefit from) income taxes	−154	−128	−365	−831	2
Provision for (benefit from) income taxes	−14	−6	−16	−41	−486,761
Net income (loss) from continuing operations	−140	−122	−349	−790	—
Gain (loss) on sale of business	0	0	−682,000	57	—
Net income (loss)	−140	−122	−349	−725	1
Basic and diluted - continuing operations (in dollars per share)	−16.27	−14.87	−43.29	−99.45	—
Basic and diluted - discontinued operations (in dollars per share)	0	0	−0.09	8.19	—
Basic and diluted (in dollars per share)	−16.27	−14.87	−43.38	−91.26	—
Basic and diluted (in shares)	9	8	8	8	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	101	101	136	170	138
Restricted cash	4	3	10	7	14
Accounts receivable, net of allowance for credit losses of approximately $382 and $501 as of January 31, 2026 and January 31, 2025, respectively	175	179	186	184	174
Prepaid expenses and other current assets	54	51	53	45	37
Total current assets	333	333	385	406	427
Goodwill	296	317	317	458	796
Intangible assets, net	308	427	539	738	794
Other assets	26	29	24	16	11
Total assets	963	1,106	1,274	1,643	2,222
Current maturities of long-term debt	6	6	6	6	5
Borrowings under accounts receivable facility	1	1	45	40	75
Accounts payable	21	13	15	18	24
Accrued compensation	43	48	32	34	41
Accrued expenses and other current liabilities	26	26	30	41	48
Deferred revenue	275	282	283	281	260
Total current liabilities	373	377	413	425	546
Long-term debt	571	573	577	582	462
Deferred tax liabilities	34	42	52	74	99
Deferred revenue - non-current	1	2	2	2	1
Other long-term liabilities	15	18	14	12	11
Total long-term liabilities	620	635	655	686	616
Commitments and contingencies	—	—	—	—	0
Shareholders common stock - Class A common shares, $0.0001 par value: 18,750,000 shares authorized and 9,095,922 shares issued and 8,796,145 shares outstanding as of January 31, 2026, and 8,616,633 shares issued and 8,316,856 shares outstanding as of January 31, 2025	1,000	1,000	1,000	1,000	11,000
Additional paid-in capital	1,577	1,565	1,551	1,522	1,306
Accumulated (deficit)	−1,583	−1,443	−1,321	−972	−247
Treasury stock, at cost- 299,777 shares as of January 31, 2026 and January 31, 2025	−11	−11	−11	−3	—
Accumulated other comprehensive income (loss)	−13	−17	−13	−15	970,000
Total shareholders equity (deficit)	−30	94	206	532	1,060
Total liabilities and shareholders equity (deficit)	963	1,106	1,274	1,643	2,222

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2020 2020-12-31
Amortization expense for intangible assets	127	127	153	177	—
Stock-based compensation expense	13	20	31	37	—
Depreciation expense	2	3	3	7	—
Impairment of goodwill and intangible assets	32	0	202	641	—
Non-cash interest expense	2	2	2	2	—
Non-cash operating lease right-of-use asset expense	2	2	5	6	—
Non-cash property, equipment, software and operating right-of-use asset impairment charges	19,000	3	5	0	—
Provision for credit loss expense (recovery)	−119,000	−61,000	341,000	375,000	—
Unrealized foreign currency (gain) loss	−3	−148,000	1	—	—
Provision for (benefit from) deferred income taxes non-cash	−8	−10	−22	−43	—
Accounts receivable	7	4	−2	−2	—
Prepaid expenses and other assets, including long-term	681,000	−4	−8	−14	—
Accounts payable	8	−855,000	−4	−6	—
Accrued expenses and other liabilities, including long-term	−8	5	−10	−21	—
Deferred revenue	−13	2	2	2	—
Net cash provided by (used in) operating activities	25	30	3	−21	−720,660
Purchase of property and equipment	−2	−2	−4	−5	—
Proceeds from sale of property and equipment	0	10,000	0	0	—
Internally developed software - capitalized costs	−17	−17	−14	−10	—
Sale of SumTotal, net of cash transferred	0	0	−5	172	—
Net cash provided by (used in) investing activities	−19	−18	−23	−42	856,250
Shares repurchased for tax withholding upon vesting of restricted stock-based awards	−3	−1	−2	−4	—
Payments to acquire treasury stock	0	0	−8	−3	—
Proceeds from (payments on) accounts receivable facility	0	−44	5	−35	—
Principal payments on term loans	−5	−6	−6	−38	—
Net cash provided by (used in) financing activities	−8	−52	−11	77	2
Effect of exchange rate changes on cash and cash equivalents	3	−3	1,000	−5	—
Net increase (decrease) in cash, cash equivalents and restricted cash	1	−43	−31	9	—
Cash paid for interest	55	63	64	49	—
Cash paid (received) for income taxes, net of refunds	2	4	6	4	—

Filings

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