Skillsoft Corp. (NYSE: SKIL) issued a Current Report on Form 8-K dated September 9, 2026, detailing its financial results for the second quarter of fiscal 2027. The filing incorporates a press release dated September 9, 2026, which reports the company’s performance for the three months ended July 31, 2026.
The company announced the completion of the sale of its Global Knowledge (GK) segment to Enduring Ventures. As a result of this divestiture, Skillsoft now operates as a single operating and reportable segment. The historical results of the former GK segment are classified as discontinued operations and have been excluded from continuing operations and segment results for all periods presented.
For the fiscal second quarter of 2027, Skillsoft reported revenue of $98.2 million, a decrease of 3% compared to the prior year. Net loss for the quarter improved by 17% to $15.0 million, with a net loss per share of $1.67, an improvement of 20% from the prior year. The company reported Adjusted EBITDA of $33 million, representing a 34% margin on revenue, compared to $31 million and a 31% margin in the prior year. Free cash flow was reported at ($20.5) million, compared to ($22.6) million in the prior year.
Regarding business operations, Skillsoft noted that the AI-based LX Design Studio capability reached general availability in July 2026. The company also launched early access to Skillsoft AI Coach. By the end of the second quarter, the number of CAISY learners increased 23% year over year, while the number of organizations using CAISY grew 9%.
Skillsoft provided updated financial outlook for fiscal 2027. The company revised its revenue guidance to $380 million to $390 million, down from the prior range of $388 million to $406 million. The company maintained its guidance for Adjusted EBITDA at $108 million to $116 million and Free Cash Flow at $14 million to $22 million.
