Quarterly ResultJun 9, 2026, 04:12 PM
Skillsoft Corp. Reports Q1 FY27 Net Loss of $43.1M on Lower Revenue
AI Summary
Skillsoft Corp. reported a net loss of $43.114 million for the first quarter of fiscal year 2027, an increase from a net loss of $38.049 million in the prior year period. Total revenues decreased to $94.498 million from $99.148 million year-over-year. The company also announced its commitment to sell its Global Knowledge (GK) segment, which will be presented as discontinued operations. This strategic move aims to streamline operations and focus on the Talent Development Solutions (TDS) segment.
Key Highlights
- Skillsoft Corp. reported a net loss of $43.114 million for the three months ended April 30, 2026, compared to a net loss of $38.049 million for the same period in 2025.
- Total revenues for the three months ended April 30, 2026, were $94.498 million, a decrease from $99.148 million in the prior year period.
- The company's operating loss widened to $8.299 million for the three months ended April 30, 2026, from $11.267 million in the prior year period.
- Loss from continuing operations was $18.695 million for the three months ended April 30, 2026, compared to $29.627 million in the prior year period.
- Loss from discontinued operations was $24.419 million for the three months ended April 30, 2026, compared to $8.422 million in the prior year period.
- Total assets decreased to $853.011 million as of April 30, 2026, from $963.118 million as of January 31, 2026.
- Total liabilities decreased to $925.826 million as of April 30, 2026, from $993.345 million as of January 31, 2026.
- The company has committed to a plan to sell its Global Knowledge (GK) segment, classifying it as held for sale and discontinued operations.
Price Impact
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