Skillsoft Corp Financials
Skillsoft Corp (SKIL) reported $512.7M in revenue for fiscal year 2026, down 3.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Skillsoft’s cash-generation profile has improved despite persistent losses, but shrinking assets leave a tighter balance-sheet cushion.
The important split is between earnings and cash: FY2026 net loss reached-$139.8M while operating cash flow was$25.1M , showing reported losses are not translating one-for-one into cash drain. Operating cash flow still covered$1.8M of capital spending and left$23.3M of free cash flow, so cash conversion currently looks better than accounting profitability.
Revenue contracted
By FY2026, liabilities exceeded assets, leaving negative equity of -
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Skillsoft Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Skillsoft Corp has an operating margin of -17.5%, meaning the company loses $17 on every $100 of revenue. This results in a profitability score of 21/100. This is down from -13.1% the prior year.
Skillsoft Corp's revenue declined 3.5% year-over-year, from $531.0M to $512.7M. This contraction results in a growth score of 20/100.
Skillsoft Corp's current ratio of 0.98 is below the typical benchmark, resulting in a score of 18/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Skillsoft Corp has a free cash flow margin of 4.5%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
Skillsoft Corp scores -2.04, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($71.2M) relative to total liabilities ($993.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Skillsoft Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Skillsoft Corp reported a net loss of $139.8M while generating $25.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Skillsoft Corp reported an operating loss of $89.5M against $58.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Skillsoft Corp generated $512.7M in revenue in fiscal year 2026. This represents a decrease of 3.5% from the prior year.
Skillsoft Corp's EBITDA was -$87.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 32.3% from the prior year.
Skillsoft Corp reported -$139.8M in net income in fiscal year 2026. This represents a decrease of 14.7% from the prior year.
Not reported for fiscal year 2026.
Cash & Balance Sheet
Skillsoft Corp generated $23.3M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 17.9% from the prior year.
Skillsoft Corp held $94.1M in cash against $570.8M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Skillsoft Corp's gross margin was 73.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.
Skillsoft Corp's operating margin was -17.5% in fiscal year 2026, reflecting core business profitability. This is down 4.4 percentage points from the prior year.
Skillsoft Corp's net profit margin was -27.3% in fiscal year 2026, showing the share of revenue converted to profit. This is down 4.3 percentage points from the prior year.
Not reported for fiscal year 2026.
Capital Allocation
Skillsoft Corp invested $55.6M in research and development in fiscal year 2026. This represents a decrease of 8.4% from the prior year.
Skillsoft Corp repurchased no shares in fiscal year 2026.
Skillsoft Corp invested $1.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 10.2% from the prior year.
SKIL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY20 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $508.0M | $512.7M-3.5% | $531.0M-4.0% | $553.2M-0.3% | $555.1M | N/A | $365.6M |
| Cost of Revenue | $134.0M | $134.6M-0.2% | $134.9M-11.9% | $153.2M+0.8% | $152.0M | N/A | $46.9M |
| Gross Profit | $374.0M | $378.0M-4.6% | $396.1M-1.0% | $400.1M-0.8% | $403.1M | N/A | $318.8M |
| R&D Expenses | $55.4M | $55.6M-8.4% | $60.8M-10.7% | $68.0M-2.5% | $69.8M | N/A | $41.6M |
| SG&A Expenses | $77.5M | $80.6M-12.7% | $92.4M-3.7% | $95.9M-12.5% | $109.6M | N/A | $54.0M |
| Operating Income | -$86.5M | -$89.5M-28.5% | -$69.6M+77.4% | -$308.6M+61.6% | -$804.1M | -$907K | -$284.3M |
| Interest Expense | $57.8M | $58.5M-7.9% | $63.5M-2.8% | $65.3M+22.1% | $53.5M | N/A | $5.7M |
| Income Tax | -$11.9M | -$13.7M-138.9% | -$5.7M+64.7% | -$16.3M+60.3% | -$41.0M | $487K | $1.2M |
| Net Income | -$144.9M | -$139.8M-14.7% | -$121.9M+65.1% | -$349.3M+51.8% | -$725.0M | -$72.5M | -$14.7M |
| EPS (Diluted) | — | N/A | N/A | N/A | N/A | -$0.84 | -$8483.57 |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2021, FY2022.
SKIL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY20 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $963.1M-12.9% | $1.1B-13.2% | $1.3B-22.5% | $1.6B | $700.9M | $697.8M |
| Current Assets | $367.9M+10.5% | $332.9M-13.6% | $385.3M-5.0% | $405.7M | $4.0M | $2.5M |
| Cash & Equivalents | $94.1M-6.6% | $100.8M-26.1% | $136.3M-20.0% | $170.4M | $45.3M | $18.8M |
| Accounts Receivable | $154.8M-13.5% | $179.0M-3.6% | $185.6M+1.1% | $183.6M | $144.7M | N/A |
| Goodwill | $287.6M-9.3% | $317.1M0.0% | $317.1M-30.7% | $457.7M | $491.7M | N/A |
| Total Liabilities | $993.3M-1.9% | $1.0B-5.2% | $1.1B-3.9% | $1.1B | $850.0M | $772.9M |
| Current Liabilities | $376.9M0.0% | $377.0M-8.8% | $413.2M-2.8% | $425.1M | $3.8M | $257K |
| Long-Term Debt | $570.8M-0.4% | $573.3M-0.7% | $577.5M-0.7% | $581.8M | $510.2M | N/A |
| Total Equity | -$30.2M-132.2% | $93.8M-54.4% | $205.6M-61.3% | $531.8M | -$149.1M | -$75.1M |
| Retained Earnings | -$1.6B-9.7% | -$1.4B-9.2% | -$1.3B-35.9% | -$972.2M | -$149.1M | -$75.1M |
Not reported in any period shown, so not listed: Inventory.
No annual filing on record for: FY2021, FY2022.
SKIL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY20 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.7M | $25.1M-16.4% | $30.0M+963.3% | $2.8M+113.5% | -$20.9M | -$721K | -$2.0M |
| Capital Expenditures | $1.7M | $1.8M+10.2% | $1.6M-61.7% | $4.2M-14.9% | $4.9M | N/A | $10.4M |
| Free Cash Flow | $21.0M | $23.3M-17.9% | $28.4M+2180.9% | -$1.4M+94.7% | -$25.8M | N/A | -$12.4M |
| Investing Cash Flow | -$16.9M | -$18.6M-1.1% | -$18.4M+20.3% | -$23.0M+45.4% | -$42.2M | $856K | -$688.6M |
| Financing Cash Flow | -$9.4M | -$8.1M+84.4% | -$51.5M-376.4% | -$10.8M-114.0% | $77.2M | $1.5M | $692.9M |
| Share Buybacks | N/A | $0 | $0-100.0% | $8.0M+182.8% | $2.8M | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2021, FY2022.
SKIL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY20 | FY20 |
|---|---|---|---|---|---|---|
| Gross Margin | 73.7%-0.9pp | 74.6%+2.3pp | 72.3%-0.3pp | 72.6% | N/A | 87.2% |
| Operating Margin | -17.5%-4.4pp | -13.1%+42.7pp | -55.8% | -144.8% | N/A | -77.8% |
| Net Margin | -27.3%-4.3pp | -23.0%+40.2pp | -63.1% | -130.6% | N/A | -4.0% |
| Return on Equity | N/A | -129.9%+40.0pp | -169.9%-33.6pp | -136.3% | N/A | N/A |
| Return on Assets | -14.5%-3.5pp | -11.0%+16.4pp | -27.4%+16.7pp | -44.1% | -10.3% | -2.1% |
| Current Ratio | 0.98+0.1x | 0.880.0x | 0.930.0x | 0.95 | 1.03 | 9.87 |
| Debt-to-Equity | N/A | 6.11+3.3x | 2.81+1.7x | 1.09 | N/A | N/A |
| FCF Margin | 4.5%-0.8pp | 5.3%+5.6pp | -0.3%+4.4pp | -4.7% | N/A | -3.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
No annual filing on record for: FY2021, FY2022.
Note: Shareholder equity is negative (-$30.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Where Skillsoft Corp Ranks
Frequently Asked Questions
What is Skillsoft Corp's annual revenue?
Skillsoft Corp (SKIL) reported $512.7M in total revenue for fiscal year 2026. This represents a -3.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Skillsoft Corp's revenue growing?
Skillsoft Corp (SKIL) revenue declined by 3.5% year-over-year, from $531.0M to $512.7M in fiscal year 2026.
Is Skillsoft Corp profitable?
No, Skillsoft Corp (SKIL) reported a net income of -$139.8M in fiscal year 2026, with a net profit margin of -27.3%.
What is Skillsoft Corp's EBITDA?
Skillsoft Corp (SKIL) had EBITDA of -$87.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Skillsoft Corp have?
As of fiscal year 2026, Skillsoft Corp (SKIL) had $94.1M in cash and equivalents against $570.8M in long-term debt.
What is Skillsoft Corp's gross margin?
Skillsoft Corp (SKIL) had a gross margin of 73.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Skillsoft Corp's operating margin?
Skillsoft Corp (SKIL) had an operating margin of -17.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Skillsoft Corp's net profit margin?
Skillsoft Corp (SKIL) had a net profit margin of -27.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Skillsoft Corp's free cash flow?
Skillsoft Corp (SKIL) generated $23.3M in free cash flow during fiscal year 2026. This represents a -17.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Skillsoft Corp's operating cash flow?
Skillsoft Corp (SKIL) generated $25.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Skillsoft Corp's total assets?
Skillsoft Corp (SKIL) had $963.1M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Skillsoft Corp's capital expenditures?
Skillsoft Corp (SKIL) invested $1.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Skillsoft Corp spend on research and development?
Skillsoft Corp (SKIL) invested $55.6M in research and development during fiscal year 2026.
What is Skillsoft Corp's current ratio?
Skillsoft Corp (SKIL) had a current ratio of 0.98 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Skillsoft Corp's return on assets (ROA)?
Skillsoft Corp (SKIL) had a return on assets of -14.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
Why is Skillsoft Corp's debt-to-equity ratio negative or not reported?
Skillsoft Corp (SKIL) has negative shareholder equity of -$30.2M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Skillsoft Corp's Altman Z-Score?
Skillsoft Corp (SKIL) has an Altman Z-Score of -2.04, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Skillsoft Corp's Piotroski F-Score?
Skillsoft Corp (SKIL) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Skillsoft Corp's earnings high quality?
Skillsoft Corp (SKIL) reported a net loss of $139.8M while generating $25.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Skillsoft Corp cover its interest payments?
Skillsoft Corp (SKIL) reported an operating loss of $89.5M against $58.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Skillsoft Corp?
Skillsoft Corp (SKIL) scores 22 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.