Skillsoft Corp. Reports Q1 Fiscal 2026 Results Amidst Challenges

Skillsoft Corp ( (SKIL) ) has released its Q1 earnings. Here is a breakdown of the information Skillsoft Corp presented to its investors.

Skillsoft Corp., a leader in providing AI-powered learning experiences and talent development solutions, serves a global community of over 95 million learners, including 60% of the Fortune 1000 companies. In its first quarter of fiscal 2026, Skillsoft reported solid financial results amidst macroeconomic challenges, with notable performance in its Talent Development Solutions (TDS) segment, which experienced its third consecutive quarter of growth. Despite a 3% decline in total revenue to $124 million, the company saw a 1% increase in TDS revenue to $99 million, while Global Knowledge revenue fell by 16% to $25 million. The company reported a GAAP net loss of $38 million, or $4.57 per share, compared to a $28 million loss in the previous year. However, Skillsoft achieved an adjusted EBITDA of $22 million, reflecting a margin expansion to 18% from 15% the prior year, and a strong free cash flow of $26 million, up from $10 million. The company continues to focus on strategic growth, with its AI-powered coach, Skillsoft CAISY™, now available in over 40 languages, and recognition for its commitment to employee growth. Looking ahead, Skillsoft reaffirms its fiscal 2026 outlook, anticipating revenue between $530 million and $545 million and adjusted EBITDA growth, despite anticipating a lower free cash flow in the second quarter due to working capital normalization.