Skillsoft Corp ( (SKIL) ) has released its Q2 earnings. Here is a breakdown of the information Skillsoft Corp presented to its investors.
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Skillsoft Corp, a leading provider of AI-powered learning solutions, operates in the talent development sector, offering personalized and interactive learning experiences to organizations and learners worldwide. In its latest earnings report for the second quarter of fiscal 2026, Skillsoft highlighted its continued execution of a transformation plan, marking the fourth consecutive quarter of revenue growth in its Talent Development Solutions segment. However, total revenue saw a slight decline of 3% year-over-year, attributed to economic uncertainties impacting discretionary demand for live training.
Key financial metrics revealed a total revenue of $129 million, with the Talent Development Solutions segment maintaining stable revenue at $101 million. The Global Knowledge segment, however, experienced a 10% decline in revenue to $28 million. Despite these challenges, Skillsoft reported a reduced GAAP net loss of $24 million compared to $40 million in the previous year, and maintained a strong adjusted EBITDA of $28 million, reflecting a margin expansion to 22% of revenue.
Strategic business highlights included achieving positive free cash flow year-to-date, expanding its reach through a partnership with Salesforce, and a significant increase in technology and AI learners on its platform. The company also announced its availability in the AWS Marketplace, which is expected to simplify and accelerate the purchasing process for its customers.
Looking ahead, Skillsoft’s management remains optimistic about its strategic direction, focusing on accelerating its execution to reimagine learning and introducing a set of AI innovation-based products. The company is on track to meet its adjusted EBITDA and free cash flow targets for the fiscal year, despite revising its full-year revenue guidance due to ongoing economic uncertainties.