The stock is likely to decline due to falling total revenue, halved free cash flow, and flat core TDS revenue despite management's focus on AI and platform improvements. The ongoing strategic review of the underperforming GK segment adds uncertainty, and the lack of consolidated guidance limits visibility.
Price Chart
Executive Summary
Skillsoft reported FY2026 full-year revenue of $513 million, down from $531 million, with TDS segment revenue flat at $404 million and Global Knowledge (GK) revenue down 13% to $109 million. Adjusted EBITDA was $110 million (in line with prior year), but free cash flow declined to $6 million from $12 million. The company maintained its focus on the TDS segment, citing the ongoing strategic review of GK as a drag on performance, and issued FY2027 guidance for TDS revenue of $388–$406 million and Adjusted EBITDA of $108–$116 million.
Key Financial Metrics
Key Facts
- FY2026 Total Revenue: $513 million (down 3.4% YoY from $531 million)
- TDS Revenue: $404 million (flat YoY), GK Revenue: $109 million (down 13% YoY)
- FY2026 Adjusted EBITDA: $110 million (flat YoY at 21% margin)
- FY2026 Free Cash Flow: $6 million (down 50% from $12 million)
- FY2027 TDS Guidance: Revenue $388–$406 million, Adjusted EBITDA $108–$116 million
- GK segment under strategic review; no guidance provided due to ongoing evaluation
Financial Impact
Revenue declined 3.4% YoY, free cash flow halved to $6 million, with TDS segment flat and GK segment down 13%
Risk Factors
- Continued decline in the Global Knowledge segment is dragging down overall performance
- Significant reduction in free cash flow raises concerns about liquidity and reinvestment capacity
- Lack of full-year guidance due to the GK strategic review creates investor uncertainty
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-011599 |
| Document: skil20251212_8k.htm | 0001437749-26-011599 |
| Document: 0001437749-26-011599-index-headers.html | 0001437749-26-011599 |
| Document: 0001437749-26-011599-index.html | 0001437749-26-011599 |
| Document: 0001437749-26-011599.txt | 0001437749-26-011599 |
| 8-K Data (Synthetic) | 0001437749-26-011599 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 9, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
May 29, 2026 21w ago | 3 | — | awaiting T+20 | — | — |
May 21, 2026 22w ago | 8-K | — | awaiting T+20 | — | — |
Apr 7, 2026 28w ago | 8-K | — | awaiting T+20 | — | — |
US Market Status
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