A Business at a Glance
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Item 1. Business We were originally incorporated in Delaware on April 11, 2019 under the name “Hornblower Acquisition Corp.” Our name was changed to “Churchill Capital Corp II” on June 26, 2019, and to Skillsoft Corp. on June 11, 2021 (upon completion of our business combination with Software Luxembourg Holding S.A.). Skillsoft empowers organizations and learners to unlock their full potential by delivering personalized, interactive learning experiences and enterprise-ready solutions. Powered by artificial intelligence ("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 100 – and serves a global community of more than 95 million learners.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2020 |
|---|---|---|---|---|---|
| Revenue | 516M | 531M | 553M | 555M | 514M |
| Net Income | -134M | -122M | -349M | -725M | - |
| EPS | $-15.62 | $-14.65 | $-41.98 | $-89.57 | $-169,671.40 |
| Free Cash Flow | 10.0M | 28M | -1.4M | -26M | -48M |
| ROIC | -12.7% | -18.3% | -44.6% | -65.1% | - |
| Gross Margin | - | 74.6% | 72.3% | 72.6% | 81.3% |
| Debt/Equity | 144.83 | 6.19 | 3.06 | 1.18 | 0.77 |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | -82M | -70M | -309M | -804M | -403M |
| Operating Margin | -15.8% | -13.1% | -55.8% | -144.9% | -78.4% |
| ROE | -3365.7% | -81.4% | -169.9% | -136.3% | - |
| Shares Outstanding | 9M | 8M | 8M | 8M | 8M |
| Metric | 2020 | 2023 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 514M | 555M | 553M | 531M | 516M |
| Gross Margin | 81.3% | 72.6% | 72.3% | 74.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -403M | -804M | -309M | -70M | -82M |
| Op. Margin | -78.4% | -144.9% | -55.8% | -13.1% | -15.8% |
| Net Income | N/A | -725M | -349M | -122M | -134M |
| Net Margin | N/A | -130.6% | -63.1% | -23.0% | -26.0% |
| Non-Recurring | 1.9M | 12M | 14M | 18M | 18M |
| Returns on Capital | |||||
| ROIC | N/A | -65.1% | -44.6% | -18.3% | -12.7% |
| ROE | N/A | -136.3% | -169.9% | -81.4% | -3365.7% |
| ROA | N/A | -44.1% | -27.4% | -10.2% | -15.0% |
| Cash Flow | |||||
| Op. Cash Flow | -37M | -21M | 2.8M | 30M | 12M |
| Free Cash Flow | -48M | -26M | -1.4M | 28M | 10.0M |
| Owner Earnings | -47M | -64M | -32M | 7.0M | -11M |
| CapEx | 10M | 4.9M | 4.2M | 1.6M | 2.4M |
| Maint. CapEx | 9.7M | 6.5M | 3.3M | 3.4M | 3.4M |
| Growth CapEx | 637K | 0 | 851K | 0 | 0 |
| D&A | 9.7M | 6.5M | 3.3M | 3.4M | 3.4M |
| CapEx/OCF | N/A | N/A | 148.4% | 5.3% | 19.4% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 2.8M | 8.0M | 0 | 0 |
| Buyback Yield | N/A | 1.0% | 6.5% | N/A | 0.0% |
| Stock-Based Comp | 83K | 37M | 31M | 20M | 20M |
| Debt Repayment | 6.6M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||
| Net Debt | 423M | 458M | 493M | 480M | 503M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | 75M |
| Long-Term Debt | 512M | 582M | 577M | 573M | 573M |
| Debt/Equity | 0.77 | 1.18 | 3.06 | 6.19 | 144.83 |
| Interest Coverage | -2.3 | -15.0 | -4.7 | -1.1 | -1.1 |
| Equity | 667M | 532M | 206M | 94M | 4.0M |
| Total Assets | 1.5B | 1.6B | 1.3B | 1.1B | 898M |
| Total Liabilities | 837M | 1.1B | 1.1B | 1.0B | 20M |
| Intangibles | 1.3B | 1.2B | 856M | 744M | 744M |
| Retained Earnings | N/A | -972M | -1.3B | -1.4B | -1.4B |
| Working Capital | 19M | -19M | -28M | -44M | -44M |
| Current Assets | 205M | 406M | 385M | 333M | 333M |
| Current Liabilities | 186M | 425M | 413M | 377M | 377M |
| Per Share Data | |||||
| EPS | -169,671.40 | -89.57 | -41.98 | -14.65 | -15.62 |
| Owner EPS | -5.80 | -7.91 | -3.80 | 0.84 | -1.21 |
| Book Value | 81.88 | 65.70 | 24.71 | 11.28 | 0.46 |
| Cash Flow/Share | -4.59 | -2.59 | 0.34 | 3.60 | -14.94 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 8.1M | 8.1M | 8.3M | 8.3M | 8.8M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -0.4 |
| P/FCF | N/A | N/A | N/A | 9.0 | 4.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 2.6 | 0.6 | 0.6 | 2.7 | 12.0 |
| Price/Sales | 3.2 | 1.1 | 0.4 | 0.2 | 0.1 |
| FCF Yield | -2.8% | -8.7% | -1.1% | 11.1% | 20.8% |
| Market Cap | 1.7B | 298M | 124M | 256M | 48M |
| Avg. Price | 203.42 | 76.34 | 25.59 | 14.00 | 5.47 |
| Year-End Price | 211.00 | 36.80 | 14.96 | 30.80 | 5.47 |
Skillsoft Corp. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 4.8x vs a median of 9.0x. The company's 5-year average gross margin is 75.2%. At current prices, the estimated annualized return to fair value is +35.2%.
Skillsoft Corp. (SKIL) has a 5-year average return on invested capital (ROIC) of -42.7%. This is below average and may indicate limited pricing power.
Skillsoft Corp. (SKIL) has a market capitalization of $48M. It is classified as a small-cap stock.
Skillsoft Corp. (SKIL) does not currently pay a regular dividend.
Skillsoft Corp. (SKIL) operates in the Services-Prepackaged Software industry, within the Technology sector.
Skillsoft Corp. (SKIL) reported annual revenue of $531 million in its most recent fiscal year, based on SEC EDGAR filings.
Skillsoft Corp. (SKIL) has a net profit margin of -23.0%. The company is currently unprofitable.
Skillsoft Corp. (SKIL) generated $28 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Skillsoft Corp. (SKIL) has a debt-to-equity ratio of 6.19. This indicates higher leverage, which may increase financial risk.
Skillsoft Corp. (SKIL) reported earnings per share (EPS) of $-14.65 in its most recent fiscal year.
Skillsoft Corp. (SKIL) has a return on equity (ROE) of -81.4%. A negative ROE may indicate losses or negative equity.
Skillsoft Corp. (SKIL) has a 5-year average gross margin of 75.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 4 years of financial data for Skillsoft Corp. (SKIL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Skillsoft Corp. (SKIL) has a book value per share of $11.28, based on its most recent annual SEC filing.