Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Skillsoft Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2020
FY2023
FY2024
FY2025
FY2026
Revenue
514
555
553
531
513
Cost of revenue
96
152
153
135
135
Gross profit
418
403
400
396
378
Research and development
68
69.8
68
60.8
55.6
Selling and marketing
141
173
171
163
153
General and administrative
57.4
110
95.9
92.4
80.6
Operating expenses
917
2.91
Operating income
-403
-0.91
-804
-309
-69.6
-89.5
Interest expense
5.69
53.5
65.3
63.5
58.5
Interest income
0.31
2.52
0.53
3.56
3.53
1.86
Other non-operating income
-5.12
-71.1
4.97
-1.99
0.68
-3.7
Pre-tax income
-838
-72
-831
-365
-128
-154
Income tax
1.25
11.2
0.49
-41
-16.3
-5.74
-13.7
Income from continuing operations
-790
-349
-122
-140
Net income
-14.7
-849
-72.5
-725
-349
-122
-140
EBITDA
-394
-798
-305
-66.2
-87.7
EPS, basic
-8,484.00
-0.84
-91.26
-43.38
-14.87
-16.27
EPS, diluted
-8,484.00
-0.84
-91.26
-43.38
-14.87
-16.27
Shares, basic (weighted)
0.1
17.3
7.94
8.05
8.2
8.59
Shares, diluted (weighted)
0.1
17.3
7.94
8.05
8.2
8.59
Balance sheet
FY2019
FY2020
FY2020
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
2.24
18.8
3.87
170
136
101
94.1
Receivables
184
186
179
155
Other current assets
0.28
0.09
0.89
1.15
1.38
0.31
Total current assets
2.54
3.97
406
385
333
368
Property, plant and equipment
10.2
6.64
3.2
3.14
Lease right-of-use assets
14.6
8.04
4.94
5.25
Goodwill
1,113
458
317
317
288
Intangible assets
738
539
427
285
Other non-current assets
16.4
23.9
28.9
22.4
Total assets
698
701
1,643
1,274
1,106
963
Accounts payable
0.26
0.64
18.3
14.5
13.5
15.2
Deferred revenue
281
283
282
257
Short-term debt
6.4
6.4
6.4
6.4
Total current liabilities
0.26
3.84
425
413
377
377
Long-term debt
582
577
573
571
Lease liabilities
11.9
9.25
6.43
6.47
Other non-current liabilities
11.6
13.5
18.3
10.7
Total liabilities
78
154
1,111
1,068
1,012
993
Total debt
582
577
573
571
Paid-in capital
19.7
92.1
1,522
1,551
1,565
1,577
Retained earnings
-75.1
-149
-972
-1,321
-1,443
-1,583
Treasury stock
-2.85
-10.9
-10.9
-10.9
Other comprehensive income
-14.8
-13.1
-16.9
-12.9
Shareholders' equity
-75.1
-2,762
-149
532
206
93.8
-30.2
Total equity
-75.1
-2,762
-149
532
206
93.8
-30.2
Total liabilities and equity
698
701
1,643
1,274
1,106
963
Shares outstanding
8.18
8.08
8.32
8.8
Cash flow statement
FY2019
FY2020
FY2020
FY2023
FY2024
FY2025
FY2026
Net income
-14.7
-849
-72.5
-725
-349
-122
-140
Depreciation and amortization
9.7
6.51
3.33
3.37
1.82
Stock-based compensation
0.08
36.6
31.1
19.6
13.2
Deferred income tax
0.01
5.76
-0.01
-44
-22.1
-9.99
-8.35
Change in receivables
23.7
-1.56
-2.09
4.09
7.37
Change in payables
0.26
-6.58
0.38
-5.98
-3.85
-0.86
7.51
Cash from operations
-2.03
-37.4
-0.72
-20.9
2.82
30
25.1
Capital expenditures
-10.4
-4.91
-4.18
-1.6
-1.77
Cash from investing
-689
-17.4
0.86
-42.2
-23
-18.4
-18.6
Debt issued
157
0
0
Debt repaid
-6.64
Stock issued
0.03
Share buybacks
-2.85
-8.05
0
0
Cash from financing
693
57.8
1.5
77.2
-10.8
-51.5
-8.05
Exchange rate effect
0.35
-5.48
0
-3.28
2.7
Net change in cash
2.24
3.34
1.64
8.63
-31
-43.2
1.14
Free cash flow
-47.8
-25.8
-1.36
28.4
23.3
Interest paid
176
49.1
64.2
63.1
55.5
Income taxes paid
1.27
-2.07
0.37
4.17
5.84
3.7
1.79
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $5.95 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
80.1%
Gross profit / revenue.
Operating margin
-15.3%
Operating income / revenue.
EBITDA margin
-14.9%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-23.0%
Pre-tax income / revenue.
Net margin
-32.4%
Net income / revenue.
FCF margin
4.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
4.6%
Cash from operations / revenue.
Return on assets (ROA)
-21.3%
Net income / average total assets.
Return on invested capital (ROIC)
-15.9%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
10.3%
Research and development expense / revenue.
Stock-based pay / revenue
2.0%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.3%
Capital expenditures / revenue.
D&A / revenue
0.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-3.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-2.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-4.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-2.1%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-16.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-17.9%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-132.2%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-12.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-16.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
4.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
2.7%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.87x
Current assets / current liabilities.
Quick ratio
0.64x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.37x
(Cash + short-term investments) / current liabilities.
Debt / assets
74.0%
Total debt / total assets.
Liabilities / assets
112.2%
Total liabilities / total assets.
Net debt
$476.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$18.19
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$56.19
Revenue / diluted weighted shares.
FCF per share
$2.46
Free cash flow / diluted weighted shares.
Operating cash flow per share
$2.61
Cash from operations / diluted weighted shares.
Book value per share
-$10.29
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.11x
Market cap / revenue.
P/FCF
2.41x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
2.27x
Market cap / cash from operations, when positive.
EV/Sales
1.05x
Enterprise value / revenue.
EV/FCF
24.0x
Enterprise value / free cash flow, when both are positive.
FCF yield
41.5%
Free cash flow / market cap.
Earnings yield
-306.4%
Net income / market cap (the inverse of P/E).
What was Skillsoft Corp.'s revenue in fiscal 2026?
Skillsoft Corp. reported revenue of $512.7M for fiscal 2026, 3.5% lower than the year before.
Was Skillsoft Corp. profitable in fiscal 2026?
No. It reported a net loss of $139.8M.
How much free cash flow did Skillsoft Corp. generate in fiscal 2026?
Cash from operations of $25.1M minus capital expenditures of $1.8M left free cash flow of $23.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.