Skillsoft Corp. reported a net loss of $139.8 million for the fiscal year ending January 31, 2026, compared to a loss of $121.9 million in the previous fiscal year. Total revenues decreased by 3.5% to $512.7 million, down from $531.0 million in fiscal 2025. The decline in revenue was primarily attributed to a 13.2% drop in the Global Knowledge (GK) segment, which generated $108.9 million, reflecting macroeconomic uncertainties and a decrease in public sector business. In contrast, the Talent Development Solutions (TDS) segment saw a slight decrease of 0.4%, generating $403.7 million.
The company underwent significant operational changes during the fiscal year, including a strategic review of its GK segment, which may lead to potential divestitures. Skillsoft also implemented a Comprehensive Resource Reallocation Plan (CRRP) aimed at reducing costs and aligning its operating expenses with current economic conditions. This included workforce reductions and facility consolidations, resulting in restructuring charges of $17.3 million for the year. As of January 31, 2026, Skillsoft had 2,247 employees, a slight decrease from the previous year.
Skillsoft's customer base includes over 3,000 enterprise clients and approximately 59 million registered learners globally. The TDS segment serves 42 million employees worldwide, while the GK segment is the live learning partner for 75% of Fortune 100 corporations. Despite the challenges, the company continues to focus on enhancing its integrated skills management platform, which combines proprietary training content with AI capabilities to support workforce development.
Looking ahead, Skillsoft is navigating a challenging market environment characterized by increased competition and economic uncertainty. The company is currently out of compliance with the New York Stock Exchange's minimum market capitalization requirement, which could lead to delisting if not addressed. Skillsoft plans to submit a compliance plan to the NYSE within the required timeframe, but there is no guarantee of success. The company remains committed to its strategic initiatives and aims to leverage its platform to capture a share of the estimated $450 billion market opportunity in enterprise learning and workforce development.
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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