Skillsoft Corp Financials
This page shows Skillsoft Corp (SKIL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Positive free cash flow is surfacing from a shrinking revenue base, but leverage still overwhelms Skillsoft’s capital structure.
From FY2023 to FY2026, operating cash flow moved from-$20.9M to$25.1M , and free cash flow stayed positive in both FY2025 and FY2026. Yet goodwill fell from$458.2M to$296.3M over the same span, implying a meaningful share of reported losses was noncash rather than a same-year drain on cash.
Gross margin held between
Liquidity improved less than cash generation suggests: cash fell from
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 retains $-17 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. 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 27/100.
Skillsoft Corp has elevated debt relative to equity (D/E of -18.88), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Skillsoft Corp's current ratio of 0.89 is below the typical benchmark, resulting in a score of 13/100. 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 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
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.
For every $1 of reported earnings, Skillsoft Corp generates $-0.18 in operating cash flow ($25.1M OCF vs -$139.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Skillsoft Corp earns $-1.5 in operating income for every $1 of interest expense (-$89.5M vs $58.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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.
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 $100.8M in cash against $570.8M in long-term debt as of fiscal year 2026.
Skillsoft Corp had 9M shares outstanding in fiscal year 2026. This represents an increase of 5.9% from the prior year.
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.
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 spent $0 on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.
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
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $130.7M+1.3% | $129.0M+0.1% | $128.8M+3.7% | $124.2M-7.1% | $133.8M-2.5% | $137.2M+3.8% | $132.2M+3.5% | $127.8M |
| Cost of Revenue | $34.2M-3.0% | $35.3M+7.3% | $32.9M+2.0% | $32.2M-4.1% | $33.6M-2.0% | $34.3M+5.7% | $32.5M-5.8% | $34.5M |
| Gross Profit | $96.4M+2.9% | $93.7M-2.3% | $95.9M+4.3% | $92.0M-8.2% | $100.1M-2.7% | $102.9M+3.2% | $99.8M+6.9% | $93.3M |
| R&D Expenses | $13.4M-2.7% | $13.8M-3.7% | $14.3M+1.5% | $14.1M-8.0% | $15.3M+2.6% | $14.9M-0.4% | $15.0M-3.3% | $15.5M |
| SG&A Expenses | $17.1M-19.5% | $21.2M+8.8% | $19.5M-15.2% | $23.0M-11.6% | $26.0M+19.8% | $21.7M+11.8% | $19.4M-23.4% | $25.3M |
| Operating Income | -$25.1M+26.7% | -$34.3M-190.2% | -$11.8M+34.9% | -$18.2M-5.2% | -$17.3M-88.3% | -$9.2M+52.5% | -$19.3M+18.9% | -$23.8M |
| Interest Expense | $14.4M-2.7% | $14.8M-1.4% | $15.0M+3.9% | $14.4M-3.9% | $15.0M-5.5% | $15.8M-3.5% | $16.4M+0.8% | $16.3M |
| Income Tax | -$3.7M+57.7% | -$8.8M-2010.1% | -$417K+46.0% | -$772K-220.3% | -$241K+87.0% | -$1.9M+9.6% | -$2.1M-29.9% | -$1.6M |
| Net Income | -$36.7M+11.1% | -$41.3M-73.5% | -$23.8M+37.5% | -$38.0M-22.3% | -$31.1M-31.8% | -$23.6M+40.4% | -$39.6M-43.2% | -$27.6M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SKIL Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $963.1M+7.3% | $897.6M-7.4% | $969.4M-5.2% | $1.0B-7.6% | $1.1B+5.0% | $1.1B-6.5% | $1.1B-4.6% | $1.2B |
| Current Assets | $333.0M+44.4% | $230.7M-8.8% | $252.8M-9.0% | $277.8M-16.5% | $332.9M+28.0% | $260.1M-13.6% | $301.1M-5.5% | $318.5M |
| Cash & Equivalents | $100.8M+35.2% | $74.6M-25.8% | $100.5M-21.4% | $127.8M+26.9% | $100.8M+2.9% | $97.9M-20.2% | $122.7M-13.6% | $142.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $175.0M+68.4% | $103.9M+7.4% | $96.8M+0.8% | $96.0M-46.4% | $179.0M+74.6% | $102.5M-6.9% | $110.0M-0.5% | $110.6M |
| Goodwill | $296.3M0.0% | $296.3M-6.6% | $317.1M0.0% | $317.1M0.0% | $317.1M0.0% | $317.1M0.0% | $317.1M0.0% | $317.1M |
| Total Liabilities | $993.3M+11.2% | $893.6M-3.6% | $927.0M-3.4% | $959.8M-5.2% | $1.0B+8.5% | $933.1M-5.3% | $985.0M-1.4% | $998.7M |
| Current Liabilities | $373.0M+36.6% | $273.0M-8.0% | $296.9M-8.6% | $324.9M-13.8% | $377.0M+28.2% | $294.0M-14.1% | $342.4M-2.4% | $350.8M |
| Long-Term Debt | $570.8M+0.1% | $570.2M-0.2% | $571.2M-0.2% | $572.2M-0.2% | $573.3M-0.2% | $574.3M-0.2% | $575.4M-0.2% | $576.4M |
| Total Equity | -$30.2M-857.9% | $4.0M-90.6% | $42.5M-32.2% | $62.6M-33.2% | $93.8M-22.1% | $120.5M-14.8% | $141.4M-22.4% | $182.1M |
| Retained Earnings | -$1.6B-2.4% | -$1.5B-2.7% | -$1.5B-1.6% | -$1.5B-2.6% | -$1.4B-2.2% | -$1.4B-1.7% | -$1.4B-2.9% | -$1.3B |
SKIL Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $30.5M+261.5% | -$18.9M-5.7% | -$17.8M-157.0% | $31.3M+76.3% | $17.8M+103.6% | $8.7M+176.2% | -$11.4M-176.6% | $14.9M |
| Capital Expenditures | $160K-65.7% | $467K-25.2% | $624K+21.2% | $515K-34.2% | $783K+86.0% | $421K+71.1% | $246K+60.8% | $153K |
| Free Cash Flow | $30.3M+256.8% | -$19.3M-4.6% | -$18.5M-160.0% | $30.8M+81.4% | $17.0M+104.5% | $8.3M+171.0% | -$11.7M-179.0% | $14.8M |
| Investing Cash Flow | -$3.9M+17.2% | -$4.7M+1.2% | -$4.8M+6.9% | -$5.1M-13.3% | -$4.5M+2.2% | -$4.6M+1.0% | -$4.7M-3.6% | -$4.5M |
| Financing Cash Flow | -$59K+96.0% | -$1.5M+68.1% | -$4.6M-134.5% | -$2.0M+81.7% | -$10.7M+67.2% | -$32.6M-713.7% | -$4.0M+5.9% | -$4.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
SKIL Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.8%+1.2pp | 72.7%-1.8pp | 74.5%+0.4pp | 74.0%-0.8pp | 74.9%-0.1pp | 75.0%-0.4pp | 75.4%+2.4pp | 73.0% |
| Operating Margin | -19.3%+7.4pp | -26.6%-17.4pp | -9.2%+5.5pp | -14.6%-1.7pp | -12.9%-6.2pp | -6.7%+7.9pp | -14.6%+4.0pp | -18.6% |
| Net Margin | -28.1%+3.9pp | -32.0%-13.5pp | -18.5%+12.2pp | -30.6%-7.4pp | -23.3%-6.1pp | -17.2%+12.7pp | -29.9%-8.3pp | -21.6% |
| Return on Equity | N/A | -1035.1%-979.0pp | -56.0%+4.7pp | -60.7%-27.6pp | -33.1%-13.6pp | -19.6%+8.4pp | -28.0%-12.8pp | -15.2% |
| Return on Assets | -3.8%+0.8pp | -4.6%-2.1pp | -2.5%+1.3pp | -3.7%-0.9pp | -2.8%-0.6pp | -2.2%+1.3pp | -3.5%-1.2pp | -2.3% |
| Current Ratio | 0.89+0.0 | 0.840.0 | 0.850.0 | 0.86-0.0 | 0.880.0 | 0.880.0 | 0.88-0.0 | 0.91 |
| Debt-to-Equity | -18.88-161.9 | 142.97+129.5 | 13.46+4.3 | 9.13+3.0 | 6.11+1.3 | 4.77+0.7 | 4.07+0.9 | 3.16 |
| FCF Margin | 23.2%+38.2pp | -15.0%-0.6pp | -14.3%-39.1pp | 24.8%+12.1pp | 12.7%+6.6pp | 6.0%+14.9pp | -8.8%-20.4pp | 11.6% |
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 (0.89), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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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 $100.8M 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 0.89 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Skillsoft Corp's debt-to-equity ratio?
Skillsoft Corp (SKIL) had a debt-to-equity ratio of -18.88 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
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 unusual?
Skillsoft Corp (SKIL) has negative shareholder equity of -$30.2M as of fiscal year 2026, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 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) has an earnings quality ratio of -0.18x, considered mixed quality. 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) has an interest coverage ratio of -1.5x, meaning it can struggle to cover its interest obligations. 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 12 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.