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Get filing alertsSkillsoft to divest Global Knowledge segment, reports Q1 revenue down 5% to $94.5M
Filed June 9, 2026 · Period ending June 9, 2026 · ~1 min read
Key Changes
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high
Classified Global Knowledge segment as held for sale as of April 30, 2026, with sale agreement to Enduring Ventures announced in May; divestiture aims to simplify operations and focus on core AI-native skills platform.
Exhibit 99.1 view on EDGAR → -
high
Q1 FY2027 continuing operations revenue $94.5M (down 5% YoY); net loss improved 37% to $18.7M; adjusted EBITDA $27M (28% margin, up from 27%); free cash flow $25M (down from $26M prior year).
Exhibit 99.1 view on EDGAR → -
medium
New Percipio platform customer agreements grew 67% quarter-over-quarter; quarterly dollar retention rate reached 105% (up from 91% prior year), though last-twelve-months DRR of 98% down one point YoY.
Exhibit 99.1 view on EDGAR → -
medium
Reaffirmed full-year FY2027 guidance for continuing operations: revenue $388-$406M, adjusted EBITDA $108-$116M, TDS free cash flow $14-$22M.
Exhibit 99.1 view on EDGAR → -
low
Posted earnings supplement presentation to investor website on June 9, 2026, per Regulation FD disclosure requirements.
Item 7.01 — Regulation FD Disclosure verify on EDGAR →
Summary
Skillsoft disclosed its strategic decision to divest the Global Knowledge segment, which was classified as held for sale on April 30, 2026, with a sale agreement to Enduring Ventures announced in May. This divestiture represents a significant portfolio simplification, allowing the company to concentrate resources on its core AI-native Skillsoft Percipio platform.
All historical Global Knowledge results are now presented as discontinued operations, and forward guidance reflects only the continuing Talent Development Solutions business.
First quarter fiscal 2027 results from continuing operations showed revenue of $94.5 million, down 5% year-over-year, but with improving profitability metrics: net loss narrowed 37% to $18.7 million and adjusted EBITDA margin expanded to 28% from 27%. Customer acquisition momentum was strong, with new Percipio platform agreements up 67% quarter-over-quarter and quarterly dollar retention reaching 105%, indicating existing customers are expanding their spending. The company reaffirmed its full-year guidance for the continuing business. For retail holders, the key question is whether the streamlined focus on the Percipio platform can drive sustained revenue growth and margin expansion after the Global Knowledge exit is complete.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On June 9, 2026, Skillsoft Corp. posted an earnings supplement presentation to its website at https://investor.skillsoft.com/company-information/presentations.
The company disclosed that it posted an earnings supplement presentation to its investor relations website. This is a routine Regulation FD disclosure indicating that supplemental materials related to earnings are now publicly available. The filing explicitly states this information is not deemed filed for SEC purposes and is not incorporated by reference.
Event · Exhibit 99.1
Skillsoft reported Q1 FY2027 results, announced planned sale of Global Knowledge segment, and reaffirmed full-year guidance.
Added in current filing · view on EDGAR →
Revenue of $94.5 million, down 5% from the prior year. ... Net Loss improved by 37% to $18.7 million compared to Net Loss of $29.6 million the prior year. Net Loss per share improved by 40% to $2.12 compared to net loss per share of $3.56 the prior year. ... Adjusted EBITDA(1) of $27 million, reflecting margin of 28% of Revenue, compared to $27 million and a margin of 27% of Revenue in the prior year. ... Free Cash Flow(1) of $25 million compared to $26 million in the prior year.
For the first quarter of fiscal 2027 ended April 30, 2026, Skillsoft reported continuing operations revenue of $94.5 million (down 5% year-over-year), net loss of $18.7 million (improved 37% from $29.6 million prior year), adjusted EBITDA of $27 million (28% margin, up from 27% prior year), and free cash flow of $25 million (down slightly from $26 million prior year). The results reflect only the Talent Development Solutions segment after reclassifying Global Knowledge as discontinued operations.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
“I am excited to have joined Skillsoft at such a strategic moment for the Company,” said Ron Kisling, Skillsoft Chief Financial Officer.
Ron Kisling joined Skillsoft as Chief Financial Officer. The 8-K quotes him commenting on his early tenure, the strength of the team, and strategic priorities, indicating he is a recent appointment during a period of strategic transformation including the Global Knowledge divestiture.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 19, 2026 · How we verify