Skillsoft Corp. reported a decline in financial performance for the third quarter of fiscal 2026, with total revenues of $129 million, down 6% from $137 million in the same period last year. For the nine months ending October 31, 2025, revenues totaled $382 million, a decrease of 3.8% compared to $397 million for the same period in 2024. The company experienced a net loss of $41.3 million for the quarter, compared to a loss of $23.6 million in the prior year, and a net loss of $103.1 million for the nine months, up from a loss of $90.8 million in the previous year.
The decline in revenue was attributed to a significant drop in the Global Knowledge (GK) segment, which saw a 17.6% decrease in quarterly revenues to $28.2 million, primarily due to macroeconomic uncertainties and a decline in public sector business. The Talent Development Solutions (TDS) segment also reported a slight decrease in revenue, down 2.1% to $100.8 million for the quarter. The company noted that lower learner engagement contributed to the revenue decline in the TDS segment.
In terms of operational metrics, Skillsoft's total assets decreased to $898 million as of October 31, 2025, down from $1.1 billion at the beginning of the fiscal year. The company reported a goodwill impairment charge of $20.8 million related to the GK segment, reflecting a reassessment of future cash flows and market conditions. The total employee headcount remained stable, with no significant changes reported in staffing levels.
Looking ahead, Skillsoft is focused on strategic initiatives to improve operational efficiency and align costs with current market conditions. The company has implemented a comprehensive resource reallocation plan and is exploring alternatives for the GK segment to enhance its performance. Despite the challenges, Skillsoft anticipates that cash flow from operations, along with existing liquidity, will be sufficient to meet its working capital needs for the foreseeable future. The company continues to monitor market conditions and is prepared to adapt its strategies as necessary to navigate the evolving landscape.
About Skillsoft Corp.
Skillsoft is a global provider of digital learning and talent development solutions, offering personalized, AI-driven online courses, interactive platforms, and enterprise training services. Serving organizations and learners worldwide, it focuses on workforce transformation, skill gap bridging, and compliance. Its core value lies in measurable outcomes, technological innovation, and scalable blended learning, supporting business growth through continuous reskilling and lifelong learning.
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