Short answer
Skillsoft Corp. (SKIL) filed its fiscal 2025 10-K annual report with the SEC on Apr 14, 2025. It reported revenue of $531M (−4.0% year over year) and net income of −$122M.
- Top risk flagged: Regulatory/legal: Post-April 2022 acquisition of Codecademy ($386M) increases integration and compliance complexity risks
FY2025 key financial metrics · XBRL
- Revenue
- $531M
- −4.0% YoY
- Net income
- −$122M
- +65.1% YoY
- Operating margin
- -13.1%
- +42.7 pp YoY
- EPS (diluted)
- −$14.87
- +65.7% YoY
- ROE
- -129.9%
- +40.0 pp YoY
- Operating cash flow
- $30M
- +963.3% YoY
Source: XBRL data from the Skillsoft Corp. (SKIL) FY2025 10-K on SEC EDGAR. USD.
Skillsoft Corp. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: AI-powered personalized, interactive digital learning and talent development solutions for workforce transformation
- New 2025 offerings: Interactive Skill Benchmarks, AI Learning Assistants, AI-powered Role Advisor, enhanced AI coach Skillsoft CAISY™, Compliance Suite with dynamic risk-based training
- Strategic shift: Focus on measurable business impact, unified outcomes across talent lifecycle, and elevation of brand leadership emphasizing AI innovation
- Key metric: Serving over 95 million global learners, with 60% of Fortune 100 customers, delivering 300,000+ learning assets and 225,000+ learning hours
- Noteworthy fact: Fourth fiscal quarter typically accounts for nearly 50% of Talent Development Solutions segment billings, highlighting pronounced seasonality
Management Discussion & Analysis
- No profitability or margin percentages provided for fiscal 2025
- No cash flow, buybacks, dividends, or capital expenditure details mentioned
- Forward-looking statements caution on uncertainties and no specific guidance or risks detailed
Risk Factors
- Regulatory/legal: Post-April 2022 acquisition of Codecademy ($386M) increases integration and compliance complexity risks
- Geopolitical/macro: GK segment revenues down 15.4% in fiscal 2025 due to weaker demand & adverse FX impacting non-U.S. revenues
- Operational/supply chain: Transition and consolidation costs driving restructuring, with $45M annualized savings target from July 2024 reallocation plan
- Competitive disruption: Increased competition in TDS segment pressured growth expectations and contributed to $129.1M goodwill impairment in fiscal 2024
- Financial/structural: High amortization and impairment charges led to 23% net loss margin in fiscal 2025 despite reduced operating expenses
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