Skillsoft (SKIL) Company Report

Skillsoft reported Q3 2026 total revenue of $129 million, a 6% year-over-year decrease, largely due to a 17.6% decline in the Global Knowledge (GK) segment, which represented 73% of the total revenue reduction.
The company initiated a strategic review of its GK segment in Q3 2026, concluding that a partnership model is more appropriate than continued ownership, as GK's negative financial trajectory significantly impacted revenue, earnings, and cash flow.
Adjusted EBITDA for Q3 2026 was $28 million, a 12% year-over-year decrease, with GK contributing $3.3 million. The GAAP net loss was $41.3 million, including a $20.8 million Goodwill Impairment loss related to GK.
Free Cash Flow for Q3 2026 was negative $23.6 million, compared to positive $4.1 million in the prior year, primarily due to GK's performance and timing of vendor payments and government receivables.
Skillsoft withdrew its consolidated guidance and provided updated full fiscal year 2026 guidance for its Talent Development Solutions (TDS) segment, projecting revenue between $400-$410 million and Adjusted EBITDA between $112-$116 million. The full-year Free Cash Flow guidance was revised to $0-$5 million from an initial $13-$18 million.

Dec 10, 2025, 10:00 PM

Skillsoft Reports Q3 2026 Results and Initiates Strategic Review of Global Knowledge Segment

SKIL

Earnings

Guidance Update

M&A

Skillsoft reported Q3 2026 total revenue of $129 million, a 6% decrease year-over-year, primarily driven by a 17.6% decline in Global Knowledge (GK) revenue to $28.2 million.
Adjusted EBITDA for the quarter was $28 million, down 12% year-over-year, with GK contributing $3.3 million to EBITDA, and the company recorded a GAAP net loss of $41.3 million, including a $20.8 million non-cash goodwill impairment loss related to GK.
The company initiated a strategic review of its Global Knowledge segment due to its negative financial trajectory and impact on revenue, earnings, and cash flow.
Skillsoft updated its full fiscal 2026 guidance, withdrawing consolidated guidance and providing Talent Development Solutions (TDS) segment revenue guidance of $400 million to $410 million and TDS Adjusted EBITDA guidance of $112 million to $116 million. Full fiscal 2026 free cash flow guidance was revised down to $0 to $5 million due to GK's performance.

Dec 10, 2025, 10:00 PM

SKIL Announces Q3 FY2026 Results and Strategic Review of Global Knowledge Segment

SKIL

Earnings

Product Launch

Demand Weakening

SKIL reported Q3 FY2026 Total Revenue of $129.0 million and Adjusted EBITDA of $28.0 million, representing a 12% year-over-year decline in Adjusted EBITDA.
The company's Free Cash Flow for Q3 FY2026 was ($23.6 million), influenced by normal seasonality, collection timing, and external factors like a government shutdown and Canadian Post strike, though positive free cash flow is expected for the full fiscal year 2026.
Following a strategic review, SKIL determined that a partnership-driven model is more appropriate for its Global Knowledge segment than continued ownership, citing its considerable negative impact on revenue, earnings, and cash flow.
SKIL launched the next-generation Skillsoft Percipio Platform, an AI-native skills intelligence platform, and reported that its Talent Development Solutions (TDS) federal business is recovering with a Dollar Retention Rate of 104% in the quarter.

Dec 10, 2025, 10:00 PM

Skillsoft Reports Q3 2026 Results, Initiates Strategic Review of Global Knowledge Segment

SKIL

Earnings

Guidance Update

M&A

Skillsoft reported total revenue of $129 million for Q3 2026, marking a 6% year-over-year decrease, with Adjusted EBITDA at $28 million, down 12% compared to the prior year.
The company has initiated a strategic review of its Global Knowledge (GK) segment, concluding that a partnership-driven model is more appropriate than continued ownership. GK accounted for 73% of the total revenue decline in Q3 and had a considerable negative impact on financial performance.
The Talent Development Solutions (TDS) segment generated $100.8 million in revenue for Q3 2026, a 2.1% year-over-year decrease, with its enterprise portion largely on track and demonstrating strong dollar retention rates, including 115% for large customer enterprises.
Skillsoft is advancing its AI capabilities and product roadmap, having released an early version of its Principio platform in September, with general availability expected in Q1 FY27, and utilizing AI for over 50% of content design and production.
Skillsoft withdrew its previous consolidated guidance due to the GK strategic review. For the full fiscal 2026, TDS revenue is expected to be between $400-$410 million, and Adjusted EBITDA between $112-$116 million. Full fiscal 2026 Free Cash Flow is now projected between $0 and $5 million.

Dec 10, 2025, 10:00 PM

Skillsoft Reports Q3 Fiscal 2026 Results and Announces Strategic Review of Global Knowledge Segment

SKIL

Earnings

M&A

Guidance Update

Skillsoft Corp. reported total revenue of $129 million for the third quarter of fiscal 2026, representing a 6% decrease from the prior year, alongside a net loss of $41 million and Adjusted EBITDA of $28 million.
The company announced a review of strategic alternatives for its Global Knowledge (GK) business segment, focusing on a potential sale, as GK Revenue declined 18% to $28 million in Q3 2026.
Skillsoft launched the next-generation Skillsoft Percipio Platform, an AI-native skills intelligence platform, and continues to invest in its AI Innovation product roadmap.
For the full fiscal year 2026, Skillsoft maintained its guidance for the Talent Development Solutions (TDS) segment, projecting TDS Revenue between $400 million and $410 million and TDS Adjusted EBITDA between $112 million and $116 million.

Dec 10, 2025, 9:06 PM

Skillsoft Reports Q3 Fiscal 2026 Results and Announces Strategic Review of Global Knowledge

SKIL

Earnings

Guidance Update

M&A

Skillsoft reported total revenue of $129 million for the third quarter of fiscal 2026, a 6% decrease from the prior year, alongside a net loss of $41 million.
The company announced a strategic review of its Global Knowledge (GK) business segment, exploring a potential sale, as GK negatively impacted revenue, earnings, and cash flow.
Talent Development Solutions (TDS) revenue was $101 million (down 2%), while Global Knowledge (GK) revenue was $28 million (down 18%) for the quarter ended October 31, 2025.
Skillsoft launched the next-generation Skillsoft Percipio Platform, an AI-native skills intelligence platform, and continues to invest in AI innovation.
For the full fiscal year 2026, the company provided guidance for its TDS segment, projecting revenue between $400 million and $410 million and Adjusted EBITDA between $112 million and $116 million.