• Netflix for corporate learning.
• LinkedIn Learning for businesses.
• Coursera for companies.

• Skillsoft Content Library: Offers a vast collection of online courses, videos, books, and other learning resources covering business skills, IT, and compliance topics.
• Percipio: An intelligent learning experience platform (LXP) that delivers personalized content, learning paths, and skill assessments.
• Global Knowledge Training: Provides comprehensive IT and professional skills training, including official certification preparation, often delivered virtually or in-person.
• Leadership Development Solutions: Curated programs focused on developing leadership capabilities within organizations, often integrating content, coaching, and experiential learning.
• Coaching and Mentoring: Provides access to expert coaches and mentors to help employees develop specific skills and achieve professional goals.

• Amazon.com, Inc. (AMZN) - (for cloud infrastructure and related services via Amazon Web Services)

Ronald W. Hovsepian, Executive Chair & CEO

Ronald Hovsepian has served as CEO of Skillsoft Corp. since April 2024, bringing over three decades of executive leadership and operational experience in the technology and software industries. He previously served as President and Chief Executive Officer of Indigo Ag, where he guided the company's transition from a startup and expanded its capital base and revenues. Hovsepian also held CEO roles at Intralinks and Novell, overseeing Novell's multi-billion-dollar sale. His career began at IBM Corp., where he held various executive roles for 16 years. He currently chairs the boards of Ansys and Valo Health.

John Frederick, Chief Financial Officer

John Frederick was appointed Chief Financial Officer of Skillsoft in May 2025. He has over three decades of financial and operational leadership experience with growth-oriented companies. Prior to his current role, he served as Skillsoft's Chief Transformation Officer since August 2024. From 2018 to 2021, he was Skillsoft's Chief Administrative Officer and also CEO of SumTotal Systems, LLC, a Skillsoft business that was later acquired by Cornerstone. Frederick's prior CFO experience includes positions at Indigo Ag, Avid Technology, Inc., and Open Solutions, Inc.

Ciara Harrington, Chief People Officer

Ciara Harrington oversees Skillsoft's people and workforce strategies, including talent attraction, retention, and development, and advancing the company's culture. She brings more than 20 years of experience in HR, total rewards, workforce transformation, and M&A, having held significant roles at companies such as Syngenta, Dell EMC, and Deloitte Consulting.

Apratim Purakayastha (AP), General Manager, Talent Development Solutions

Apratim Purakayastha serves as the General Manager, Talent Development Solutions, and also holds the titles of GM, Enterprise Solutions, and Chief Product & Technology Officer at Skillsoft. He is responsible for overseeing the company's technology strategies.

Matthew Glitzer, Chief Revenue Officer

As Chief Revenue Officer, Matthew Glitzer is responsible for driving revenue growth for Skillsoft.

The key risks to Skillsoft's business are primarily financial instability, intense market competition, and strategic uncertainty surrounding underperforming segments.

1. Financial Distress and Lack of Profitability: Skillsoft faces significant financial challenges, including poor revenue growth, persistent debt, and a lack of profitability. The company has reported consistent net losses and negative free cash flow. As of recent reports, Skillsoft experienced a $41 million net loss in Q3 and its free cash flow turned negative at -$24 million, bringing the year-to-date free cash flow to -$20 million. Additionally, the company has significant debt maturing in 2029, with interest expenses totaling $44.1 million year-to-date. The probability of Skillsoft facing financial distress in the next 24 months is estimated at 36.68%, based on factors like its Altman Z-score, Beneish M-score, financial position, and macro environments.
2. Intense Competition: The e-learning market in which Skillsoft operates is highly competitive, with a multitude of established players and new entrants. Direct competitors include platforms such as LinkedIn Learning, Coursera, Udemy for Business, and Pluralsight, which often offer similar products. This intense competition poses a constant threat to Skillsoft's market position and its ability to maintain or grow market share, especially as some competitors may offer similar products at lower prices.
3. Strategic Uncertainty from Underperforming Global Knowledge Segment: Skillsoft is undergoing a strategic review of its Global Knowledge (GK) segment due to its significant underperformance. The GK segment has had a considerable negative impact on Skillsoft's overall revenue, earnings, and cash flow, masking any stabilization in its Talent Development Solutions (TDS) enterprise business. This strategic review, which could lead to a divestiture of the segment, introduces existential uncertainty about the company's future direction and financial outlook.

The rapid advancement and adoption of generative artificial intelligence (AI) technologies pose a clear emerging threat to Skillsoft's business model. As AI capabilities evolve, enterprises are increasingly able to leverage these tools to dynamically create highly personalized, context-specific, and adaptive learning content in-house or through new, agile AI-first providers. This capability could significantly diminish the need for extensive pre-curated content libraries and traditional e-learning courseware, which form a core part of Skillsoft's offering. The ability of AI to generate bespoke training modules, interactive simulations, and adaptive learning paths on demand could disrupt the established value proposition of large, static content repositories, similar to how Netflix's streaming model disrupted Blockbuster's physical content library.

Skillsoft (SKIL) operates within the corporate digital learning and talent development markets, offering solutions in areas such as leadership and business skills, compliance, technology and development, and instructor-led training.

The addressable markets for Skillsoft's main products and services are:

• Talent Development Lifecycle Market (Global): Skillsoft estimates this market to be approximately $400 billion. Their current addressable market within this is approximately $300 billion, growing at an 8% CAGR, with an additional expansion opportunity exceeding $100 billion at a 14% CAGR.

• Global Corporate Training Market: This market was valued at USD 383.1 billion in 2023 and is projected to grow to USD 728.95 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.76%. Other estimates place the global corporate training market size at $361.5 billion in 2023, projected to reach $805.6 billion by 2035 with a CAGR of 7%.

• Global Corporate E-learning Market: The market size was estimated at USD 104.32 billion in 2024 and is projected to reach USD 334.96 billion by 2030, growing at a CAGR of 21.7%.

• Soft Skills Training Market (Global): This market reached USD 39.02 billion in 2025 and is projected to attain USD 65.05 billion by 2030, advancing at a 10.76% CAGR.

• Global Professional Development Market: This market was valued at USD 52.3 billion in 2023 and is poised to grow from USD 55.59 billion in 2024 to USD 90.64 billion by 2032, growing at a CAGR of 6.3%.

Skillsoft (SKIL) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:

1. Growth in the Talent Development Solutions (TDS) Segment: Skillsoft anticipates continued revenue expansion from its Talent Development Solutions (TDS) segment. This segment has consistently shown growth and is a focal point of the company's strategic initiatives, benefiting from the broader market shift towards comprehensive talent development solutions.
2. Expansion and Adoption of AI-Powered Products and Services: The company is heavily investing in and seeing promising results from its AI capabilities and new product introductions. Innovations such as Skillsoft CAISY (Conversation AI Simulator) and the expansion of Codecademy for enterprise are contributing to increased learner engagement and are expected to be significant growth drivers.
3. Improved Customer Retention and Increased "Share of Wallet": Skillsoft has demonstrated healthy dollar retention rates (DRR), indicating its ability to retain existing customers and expand revenue from them through renewals, upgrades, and cross-selling additional licenses or content. The company's focus on delivering value to its existing customer base is a consistent driver.
4. Capitalizing on the Global Workforce Skills Gap and Digital Transformation: Skillsoft is strategically positioned to address the significant global skills gap and the ongoing need for workforce transformation. By providing relevant upskilling and reskilling solutions, particularly in areas like generative AI and technology, Skillsoft aims to support enterprises in preparing their employees for the future of work.

Share Repurchases

• Skillsoft authorized a share repurchase program for up to $10 million of its Class A common stock on July 11, 2024, to manage potential dilution from future employee equity grants.
• The repurchase program is set to expire on the fourth anniversary of its initiation date.
• As of April 30, 2025, no shares had been repurchased under the program.

Share Issuance

• In July 2024, Skillsoft approved an increase of 1.1 million shares to its 2020 Omnibus Incentive Plan, intended to attract and retain talent.
• The number of shares outstanding increased by 3.19% in one year.
• A 1:20 reverse stock split occurred on October 2, 2023.

Inbound Investments

• On June 11, 2021, Prosus N.V. made a strategic equity investment of $500 million in Skillsoft, coinciding with Skillsoft's debut on the NYSE following its merger with Churchill Capital Corp II and combination with Global Knowledge Training LLC.

Capital Expenditures

• Skillsoft reported capital expenditures of $18.3 million for the full fiscal year 2025 (ending January 31, 2025), which included capitalized internally developed software.
• For the first six months ended July 31, 2024 (Q2 FY25), capital expenditures totaled $9.2 million.
• The company is reinvesting capital, particularly in the first half of fiscal 2026, focusing on go-to-market strategies and product development to drive future growth, with specific investments in areas such as AI, cloud computing, software development, cybersecurity, and data analytics. Expected free cash flow for the full fiscal year 2026 is projected to be between $13 million and $18 million.