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Oct 31, 2025
Skillsoft Q3 2026 Earnings Report
Skillsoft reported its financial results for the third quarter of fiscal 2026, showing a decrease in total revenue and an increase in net loss compared to the prior year.
Key Takeaways
Skillsoft's third quarter of fiscal 2026 saw a total revenue of $129 million, a 6% decrease from the prior year, and a net loss of $41 million, compared to a net loss of $24 million in the prior year. The company announced a strategic review of its Global Knowledge business segment and continued investment in AI innovation for its Percipio Platform.
Total Revenue for Q3 Fiscal 2026 was $129 million, a 6% decrease year-over-year.
Net Loss for the quarter was $41 million, an increase from $24 million in the prior year.
Adjusted EBITDA for the quarter was $28 million, with a margin of 22% of Revenue.
The company is reviewing strategic alternatives for its Global Knowledge business segment, focusing on a potential sale.
Revenue by Segment
Forward Guidance
Skillsoft's full fiscal year 2026 guidance for TDS revenue remains unchanged at $400 million - $410 million, and TDS Adjusted EBITDA guidance remains $112 million - $116 million. Due to the strategic review of Global Knowledge, specific guidance for that segment is not provided.
Positive Outlook
- TDS segment continues to make progress with the September announcement of the Skillsoft Percipio Platform.
- First four large enterprise customers signed for the new Percipio Platform.
- AI now drives more than half of design, curation, and production work for learning content.
- Reduced cost structure in line with transformation strategy, helping maintain adjusted EBITDA margin performance.
- TDS federal business is recovering with DRR of 104% in the quarter.
Challenges Ahead
- Global Knowledge segment had a considerable negative impact on revenue, earnings, and cash flow in the quarter and year-to-date period.
- The company is unable to provide revenue and Adjusted EBITDA guidance for GK for the remainder of the fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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