SKILNYSEServices-Prepackaged SoftwareUS GAAP · USD

Skillsoft Corp.

Skillsoft Corp. provides cloud-based learning, training, and talent development solutions for organizations and individual learners. Its offerings include subscription access to digital course content, virtual and classroom training, coaching, and related professional services delivered through an enterprise learning platform.

Revenue513m USD
−3.5 %y/y
Operating profit (EBIT)-89.5m USD
−28.5 %y/y
EBIT margin-17.5%
−4.3 ppy/y
Net income-140m USD
−14.7 %y/y
Free cash flow23.3m USD
−17.9 %y/y

Fiscal year 2026 · change from previous year

Development 2020–2026

-1,000-50005001,000m USD2020: 514 m USD2020: EBIT -0.91 m USD20202022: EBIT -22 m USD20222023: 555 m USD2023: EBIT -804 m USD20232024: 553 m USD2024: EBIT -309 m USD20242025: 531 m USD2025: EBIT -70 m USD20252026: 513 m USD2026: EBIT -89 m USD2026513-89
RevenueOperating profit (EBIT)

Business

Share of revenue
Subscription learning content55 %

SaaS access to digital learning libraries and course content delivered over contract terms.

Talent development solutions20 %

Enterprise learning and talent development tools used to build skills and manage workforce development.

Instructor-led training15 %

Classroom, virtual, and live training services delivered to organizations and learners.

Coaching and assessments7 %

Individual coaching, assessments, and benchmarking services for leadership and skills development.

Professional services3 %

Implementation and related services sold alongside subscriptions and training offerings.

Customers

Skillsoft sells primarily to enterprises that need scalable workforce learning and development across large employee populations. Its customer base includes global organizations, with a notable presence in large enterprise accounts and public-sector buyers, and it also serves individual learners through time-based access offerings. Customers buy Skillsoft to close skill gaps, support leadership development, and deliver standardized training across dispersed teams.

Large enterprise customers

Buy subscription learning, talent development, and coaching to train employees across distributed workforces.

Fortune 1000 / Global 5000 accounts

Purchase enterprise-scale learning platforms and content to standardize skills development globally.

Public sector organizations

Use training and learning content for employee development and compliance-oriented education.

Individual learners

Buy access to virtual and on-demand training for personal skill building and certification preparation.

Strategy

Skillsoft’s strategy centers on AI-enabled personalization, broader enterprise learning solutions, and blended learning experiences that combine content, coaching, and assessments. The company is also focused on aligning its portfolio with the shift from basic learning content toward broader talent development use cases, while reinvesting savings into growth initiatives.

AI-powered personalizationMedium term

Improves relevance of learning content and helps differentiate the platform for enterprise buyers.

Broader talent development platformMedium term

Moves the business beyond standalone training into higher-value workforce transformation use cases.

Enterprise scalabilityLong term

Large customers need standardized learning across dispersed teams, supporting repeatable deployment.

Geography

Q2/2026

Skillsoft serves a global customer base, with sales and delivery tied to enterprise learning needs across multiple regions. The company highlights a worldwide learner community and large multinational customers, which means demand is influenced by broad corporate training budgets rather than a single domestic market. No country-level revenue split was disclosed in the provided excerpts.

United States79 %
Europe, Middle East and Africa16 %
Asia Pacific5.5 %

Share of the revenue the company reports by geography.

Risks

Skillsoft is exposed to enterprise spending cycles, public-sector budget pressure, and seasonality in training demand, which can affect enrollment and subscription growth. Because the business relies on subscription contracts and long-term customer retention, competitive pressure, product relevance, and customer renewal behavior are important ongoing risks. Accounting risk is concentrated in revenue recognition judgments, collectability assessments, and valuation of goodwill and intangibles.

Sorted by severity
Macroeconomic and budget pressure on training spendHigh

Enterprise and public-sector customers may delay or reduce learning purchases when budgets tighten.

Exposure: Enterprise learning and public-sector segments

Renewal and retention risk in subscription contractsHigh

A large share of revenue comes from multi-year subscriptions that must be renewed to sustain growth.

Exposure: SaaS and subscription services

Competitive pressure from alternative learning platformsMedium

Customers can switch to other content libraries, talent platforms, or internal learning solutions.

Exposure: Enterprise learning market

Seasonality in enrollment and usageMedium

Training demand can vary by quarter and by customer budgeting cycles, affecting comparability.

ExposureClassroomVirtualLearner offerings

Accounting

Judgemental items
Over-time revenue recognition for subscriptions

Most revenue is recognized ratably over the contract term, so billing and revenue timing can differ.

Impact: Affects quarterly revenue smoothing and deferred revenue balances

Multiple performance obligations

Contracts may combine subscriptions, products, and professional services, requiring allocation of transaction price.

Impact: Can shift revenue timing between periods

Collectability assessment

Management evaluates customer ability and intent to pay before recognizing revenue.

Impact: Can affect revenue recognition and bad debt exposure

Goodwill and intangible assets

Acquired assets may need impairment testing if expected cash flows weaken.

Impact: Could create non-cash charges

Interest rate swaps

Derivatives are marked to fair value through earnings when not designated as hedges.

Impact: Can introduce volatility in non-operating results

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Skillsoft Corp. (SKIL) Revenue, Earnings & Financials 2026 – Clarifo