SKIL

MKT CAP:$57M

Skillsoft Corp.

Market Cap

$57M

Consumer Defensive·Education & Training Services·🇺🇸 United States·NYSE

Consumer Def.·Education·🇺🇸·NYSE

Stock Price

$6.79-$1.71 (-20.12%)

Apr 22, 2026

Company Details

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company operates through Content, Global Knowledge, and SumTotal segments. It offers enterprise learning solutions to prepare organiz...

CEO

Ronald W. Hovsepian

IPO Date

Jul 26, 2019

Website

www.skillsoft.com

Key Metrics TTM

Revenue

$526M

-2.0% YoY

Net Income

-$129M

EPS (Diluted)

-$15.37

Free Cash Flow

$69M

Revenue / Share

$59.99

Gross Margin

74.4%

Operating Margin

-7.5%

Net Margin

-24.6%

FCF Margin

13.1%

P/S

0.1x

P/E

—

Earnings Reports

FY 2026

Apr 7, 2026

$513MEPS -$16.27

Q4 2026

Apr 7, 2026

$131M-2.3%EPS -$4.19

Q1 2026

Jun 9, 2025

$124M-2.8%EPS -$4.57

Q4 2025

Apr 14, 2025

$134M-2.8%EPS -$3.75

Q3 2025

Dec 10, 2024

$137M-1.2%EPS -$2.86

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$0	$0	-$240.9K
Q4 21	$0	$0	-$138.1K
Q1 22	$0	$0	-$2M
Q3 22	$171M	$122M	-$4M
Q1 23	$135M	$97M	-$45M
Q2 23	$141M	$106M	-$111M
Q3 23	$139M	$103M	-$609M
Q2 24	$141M	$101M	-$25M
Q3 24	$139M	$103M	-$20M
Q4 24	$138M	$99M	-$228M
Q1 25	$128M	$93M	-$24M
Q2 25	$132M	$100M	-$19M
Q3 25	$137M	$103M	-$5M
Q4 25	$134M	$100M	-$13M
Q1 26	$124M	$92M	-$16M
Q4 26	$131M	$96M	-$4M

Valuation

Quarter	P/S	P/E
Q3 21	—	993.7x
Q4 21	—	2416.6x
Q1 22	—	20.9x
Q3 22	7.6x	—
Q1 23	2.8x	—
Q2 23	1.3x	—
Q3 23	0.5x	—
Q2 24	0.4x	—
Q3 24	0.2x	—
Q4 24	0.2x	—
Q1 25	0.1x	—
Q2 25	0.2x	—
Q3 25	0.2x	—
Q4 25	0.4x	—
Q1 26	0.3x	—
Q4 26	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$207.8K	-$207.8K
Q4 21	$202.9K	$202.9K
Q1 22	-$1M	-$1M
Q3 22	-$1M	-$7M
Q1 23	$8M	$4M
Q2 23	-$21M	-$26M
Q3 23	-$11M	-$15M
Q2 24	-$19M	-$25M
Q3 24	-$11M	-$13M
Q4 24	$11M	$5M
Q1 25	$15M	$10M
Q2 25	-$11M	-$16M
Q3 25	$9M	$4M
Q4 25	$18M	$13M
Q1 26	$31M	$26M
Q4 26	$30M	$26M

Capital Expenditures

Quarter	CapEx
Q3 21	$0
Q4 21	$0
Q1 22	$0
Q3 22	$6M
Q1 23	$4M
Q2 23	$5M
Q3 23	$4M
Q2 24	$5M
Q3 24	$2M
Q4 24	$6M
Q1 25	$5M
Q2 25	$5M
Q3 25	$5M
Q4 25	$5M
Q1 26	$5M
Q4 26	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	—	+23993.7%
Q4 21	—	-62.6%
Q1 22	—	+322.9%
Q3 22	—	+77301.4%
Q1 23	—	+74638.6%
Q2 23	—	+181883.8%
Q3 23	—	+47100.2%
Q2 24	-17.2%	-4.8%
Q3 24	+3.1%	-11.8%
Q4 24	-2.2%	+45.5%
Q1 25	-8.3%	-79.7%
Q2 25	-6.3%	-9.0%
Q3 25	-1.2%	-10.4%
Q4 25	-2.8%	-59.7%
Q1 26	-2.8%	-7.3%
Q4 26	-1.2%	-10.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	—
Q4 21	$0	—
Q1 22	$0	—
Q3 22	$4M	2.5%
Q1 23	$7M	5.1%
Q2 23	$10M	7.1%
Q3 23	$8M	6.0%
Q2 24	$6M	4.1%
Q3 24	$8M	5.7%
Q4 24	$8M	5.9%
Q1 25	$7M	5.6%
Q2 25	-$814.0K	-0.6%
Q3 25	$4M	2.7%
Q4 25	$10M	7.2%
Q1 26	$4M	3.3%
Q4 26	$2M	1.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	—	$240.9K	—
Q4 21	—	$138.1K	—
Q1 22	—	$2M	—
Q3 22	$16M	$27M	$40M
Q1 23	$16M	$57M	$9M
Q2 23	$20M	$53M	$13M
Q3 23	$17M	$59M	$10M
Q2 24	$18M	$52M	$9M
Q3 24	$16M	$53M	$9M
Q4 24	$17M	$54M	$6M
Q1 25	$16M	$56M	$6M
Q2 25	$15M	$48M	$7M
Q3 25	$15M	$50M	$6M
Q4 25	$15M	$57M	$5M
Q1 26	$14M	$53M	$5M
Q4 26	$13M	$46M	$5M

Revenue Segments

Quarter	Hardware and other	Perpetual software licenses	Professional services	SaaS and subscription services	Software maintenance	Virtual, on-demand and classroom	Instructor Led Training	SaaS subscription services	Software Licenses And Other
Q3 22	$4.0K	$1M	$10M	$101M	$5M	$53M	—	—	—
Q2 23	—	—	$4M	—	—	—	$42M	$94M	$225.0K
Q3 23	—	—	$5M	—	—	—	$41M	$93M	$224.0K

Revenue by Geography

Quarter	Asia-Pacific	Europe, Middle East and Africa	Other Americas	United States	Asia Pacific	Emea
Q3 22	$33M	$37M	$10M	$91M	—	—
Q2 23	$5M	$36M	$7M	$93M	—	—
Q3 23	$5M	$35M	$7M	$92M	—	—
Q2 24	—	—	$7M	$93M	$5M	$36M
Q3 24	—	—	$7M	$93M	$5M	$34M
Q4 24	—	—	$8M	$89M	$5M	$36M
Q1 25	—	—	$6M	$85M	$5M	$31M
Q2 25	—	—	$6M	$88M	$6M	$32M
Q3 25	—	—	$7M	$89M	$6M	$35M
Q4 25	—	—	$7M	$86M	$6M	$35M
Q1 26	—	—	$6M	$82M	$6M	$31M
Q4 26	—	—	$7M	$81M	$5M	$38M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$70M	$0	$70M
Q2 23	$43M	$0	$43M
Q3 23	$175M	$0	$175M
Q4 23	$178M	$0	$178M
Q1 24	$187M	$0	$187M
Q2 24	$153M	$0	$153M
Q3 24	$137M	$0	$137M
Q4 24	$136M	$0	$136M
Q1 25	$150M	$0	$150M
Q2 25	$123M	$0	$123M
Q3 25	$98M	$0	$98M
Q4 25	$101M	$0	$101M
Q1 26	$128M	$0	$128M
Q2 26	$101M	$0	$101M
Q3 26	$75M	$0	$75M
Q4 26	$101M	$0	$101M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	4M	-0.0%	+474.8%
Q4 21	21M	+380.2%	+2017.6%
Q1 22	4M	-79.2%	-69.3%
Q3 22	7M	+54.3%	+54.4%
Q1 23	7M	+6.8%	+64.9%
Q2 23	8M	+15.4%	-60.4%
Q3 23	8M	+0.2%	+90.6%
Q2 24	8M	-2.6%	+20.3%
Q3 24	8M	+0.5%	+13.2%
Q4 24	8M	+0.3%	-1.6%
Q1 25	8M	+0.2%	-1.6%
Q2 25	8M	+1.1%	+2.2%
Q3 25	8M	+0.7%	+2.4%
Q4 25	8M	+0.6%	+2.7%
Q1 26	8M	+0.4%	+2.9%
Q4 26	9M	+5.3%	+7.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$0	2
Q4 21	$0	2
Q1 22	$0	2
Q3 22	$85M	2
Q1 23	$45.8K	3K
Q2 23	$47.8K	3K
Q3 23	$47.4K	3K
Q2 24	$60.8K	2K
Q3 24	$59.8K	2K
Q4 24	$60.8K	2K
Q1 25	$56.5K	2K
Q2 25	$58.5K	2K
Q3 25	$60.7K	2K
Q4 25	$60.8K	2K
Q1 26	$56.5K	2K
Q4 26	$59.4K	2K

Revenue / Employee