Skillsoft Corp. reported a total revenue of $530.99 million for the fiscal year ending January 31, 2025, a decrease of 4% from $553.24 million in the previous fiscal year. The company experienced a net loss of $121.91 million, compared to a loss of $349.29 million in fiscal 2024. This improvement in profitability was attributed to a significant reduction in operating expenses, which fell to $600.62 million from $861.85 million, largely due to the absence of impairment charges that had previously impacted the financial results.
The company’s Talent Development Solutions (TDS) segment generated $405.53 million in revenue, a slight increase from $404.85 million in fiscal 2024. This growth was driven by a focus on more profitable market segments and the integration of Codecademy, which was acquired in April 2022. In contrast, the Global Knowledge (GK) segment saw a decline in revenue to $125.46 million from $148.39 million, primarily due to weaker market demand and unfavorable foreign currency exchange rates. The total customer base for Skillsoft remains strong, with over 95 million learners globally, including 60% of the Fortune 100.
Strategically, Skillsoft has made significant advancements in its product offerings, including the launch of new AI-driven features such as Interactive Skill Benchmarks and AI Learning Assistants. The company has also expanded its partnerships with leading human capital management software providers like Workday and SAP SuccessFactors, enhancing its talent development programs. As of January 31, 2025, Skillsoft employed 2,261 individuals, a slight increase from the previous year, reflecting ongoing investments in talent and technology.
Looking ahead, Skillsoft anticipates continued growth in the talent development market, which is projected to reach $400 billion. The company aims to leverage its AI capabilities and comprehensive learning solutions to address the evolving needs of organizations facing significant skills gaps. Despite the challenges posed by competition and economic conditions, Skillsoft remains committed to its strategic initiatives and expects to achieve further operational efficiencies and profitability in the coming fiscal year.
About Skillsoft Corp.
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