Skillsoft Corp. has released its financial results for the second quarter of fiscal 2026, ending July 31, 2025, showcasing continued execution of its transformation plan with a focus on AI-driven product investments and go-to-market strategies. Despite economic challenges impacting revenue, the company achieved a fourth consecutive quarter of revenue growth in its Talent Development Solutions (TDS) segment and maintained strong Adjusted EBITDA performance.
Skillsoft reports Q2 2026 revenue of $129M, down 3% year-over-year.
TDS segment achieves fourth consecutive quarter of revenue growth.
Adjusted EBITDA steady at $28M with a 22% margin, up from 21%.
GAAP Net Loss improved to $24M from $40M in the prior year.
50% increase in technology learners, 74% rise in AI learners on platform.
Revised full-year revenue guidance to $510M–$530M due to market softness.
Skillsoft reported total revenue of $129 million for Q2 2026, a 3% decline from the prior year, primarily due to a 10% drop in Global Knowledge (GK) revenue to $28 million, driven by weaker demand for live training. The TDS segment, however, remained flat at $101 million, marking its fourth consecutive quarter of revenue growth. The company’s GAAP Net Loss improved significantly to $24 million ($2.78 per share) from $40 million ($4.84 per share) in the prior year, reflecting better cost discipline. Adjusted EBITDA held steady at $28 million, with a margin of 22%, up from 21% last year.
“We were pleased with our cost discipline and working capital management during the quarter; however, to account for the softness in federal and live learning spending, we are revising our full year revenue guidance range,” said John Frederick, Skillsoft’s Chief Financial Officer.
Skillsoft saw significant engagement on its platform, with a 50% year-over-year increase in technology learners and a 74% rise in AI learners, alongside a 158% surge in total AI learning hours. These metrics highlight the company’s success in addressing the growing demand for AI and technology skills, positioning it as a leader in talent development. New AI-based product announcements planned for September aim to further enhance its offerings.
“Our teams continued to execute on our transformation strategy during the quarter, and we are very pleased to have delivered a fourth consecutive quarter of revenue growth in our TDS enterprise solution, reinforcing the durability and potential of our core business,” said Ron Hovsepian, Skillsoft’s Executive Chair and Chief Executive Officer.
Skillsoft expanded its market reach through key partnerships, including availability in the AWS Marketplace and a collaboration with Salesforce to integrate Skillsoft CAISY™ agent actions into Agentforce. These initiatives simplify purchasing and enhance the platform’s interoperability, supporting Skillsoft’s go-to-market strategy to drive growth in the talent development sector.
Due to economic uncertainty and softer demand for live training, Skillsoft revised its full-year revenue guidance for fiscal 2026 to $510 million–$530 million. However, the company remains on track to achieve its Adjusted EBITDA target of $112 million–$118 million and positive free cash flow, supported by effective cost management and working capital strategies.
Skillsoft’s Q2 2026 results reflect resilience amid economic challenges, with steady growth in its TDS segment and robust AI learner engagement. The company’s focus on AI innovation and strategic partnerships positions it to drive long-term value in talent development.
Skillsoft (NYSE: SKIL) empowers organizations and learners to unlock their full potential by delivering personalized, interactive learning experiences and enterprise-ready solutions. Powered by AI and strengthened by a broad ecosystem of partners, the Skillsoft platform helps customers solve some of today’s most complex business challenges including bridging skill gaps, improving talent retention, driving digital transformation, and future-proofing the workforce. Skillsoft is the talent development partner of choice for thousands of organizations – including 60% of the Fortune 1000 – and serves a global community of more than 105 million learners.
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