Is Skillsoft profitable in 2026?

No. Skillsoft reported negative shareholders equity of $30.2 million as of January 31, 2026, down from positive $93.8 million a year earlier, while total revenue fell to $513 million from $531 million in fiscal 2025, per its April 7, 2026 earnings release.

Could AI replace Skillsoft's core business?

Skillsoft's core assets, pre-made video courses and generic compliance content, are exactly the workflows generative AI can now produce on demand. The company itself pivoted to an 'AI-native' Percipio Platform in Feb 2026, but as of April 2026 only 15 paying customers had signed since launch.

Is Skillsoft at risk of being delisted from the NYSE?

Yes. NYSE notified Skillsoft on March 26, 2026 it was out of compliance with standard 802.01B due to low market cap and stockholders equity. NYSE accepted a compliance plan on July 8, 2026, giving Skillsoft until September 26, 2027 to fix it or face delisting.

Skillsoft is a public company (NYSE: SKIL). Prosus N.V. is its largest shareholder, holding roughly 34.76% as of December 31, 2025, a stake dating to Prosus's investment in the 2021 Churchill Capital Corp II SPAC merger that took Skillsoft public.

Who is Skillsoft's biggest competitor?

Microsoft, via Viva Learning embedded in Teams, and Workday, via learning built into its HRIS, pose the biggest structural threat since they distribute learning content through platforms enterprises already use daily. LinkedIn Learning and Coursera for Business also compete directly in corporate learning.

Did Skillsoft sell off any of its business recently?

Yes. Skillsoft agreed on May 20, 2026 to sell its Global Knowledge instructor-led training unit to Enduring Ventures for up to $20 million, completing the sale July 6, 2026, a steep drop from the roughly $233 million it paid to acquire Global Knowledge in 2020.

Job boards and HR platforms · United States

Skillsoft

skillsoft.com ↗

Skillsoft sells corporate e-learning content and compliance courses to large employers.

Little protection left

Assessed 22 July 2026 · Evidence as of 22 July 2026

Not much stands between this business and its pressures.

On the recordSince 22 July 2026 · Checkable from September 2026 / September 26, 2027 · Every call on the record Checkpoint: Q2 FY27 earnings report, plus NYSE compliance deadline

The call

Skillsoft is shrinking every year, carrying negative equity, and racing an unproven AI platform pivot against a 2027 delisting deadline.

Skillsoft makes online courses and compliance training videos that companies buy for their employees. The business is hard to protect because Microsoft Teams, Workday, and AI tools can now create custom training instantly and cheaper, making Skillsoft's packaged video courses look outdated. The company is also in financial trouble: it lost money for three years straight, owes more than it owns, and is racing against a 2027 deadline to fix its balance sheet or get kicked off the stock exchange. A new AI-powered product called Percipio has just started gaining customers, but it is still too small to save the company unless it grows fast enough before the deadline.

Why

AI pressure: Generative AI content and tutoring tools (LLM-based coaching, on-demand course generation). Generic video courses and compliance training are cheap for AI to generate on demand, undercutting the core catalog business. Could AI do the core job? Yes, likely.

Bigger players: Microsoft Viva Learning and Workday embedded learning. Both fold learning directly into tools employers already pay for, cutting the case for a standalone platform like Skillsoft. Could a giant copy it? Yes, easily.

What protects it. A large existing base of enterprise contracts and compliance content libraries that take time to replace.

What would change this call

Skillsoft's Q2 FY27 earnings (~Sept 2026) show TDS segment revenue still declining vs FY26's $404M. Would confirm legacy content business keeps losing ground to embedded HRIS/AI learning tools.
Whether shareholders' equity returns to positive by the Sept 26 2027 NYSE deadline. Would show if financial distress is stabilizing or worsening as rivals gain share.
Percipio platform paying-customer count and ARR disclosed in future earnings beyond the 15 logos since Feb GA. Would indicate whether the AI-native pivot is gaining real traction against Microsoft and LinkedIn Learning.

Key numbers

Revenue fell to $513M in FY26 from $531M (2026-01-31)
Shareholders equity negative $30.2M, was +$93.8M (2026-01-31)
Only 15 paying customers on new Percipio Platform (2026-04-08)

Named risks

NYSE delisting if compliance not regained by Sept 26 2027. Severity: high
Negative shareholders equity (-$30.2M as of Jan 2026) signals balance sheet distress. Severity: high
Total revenue has declined three consecutive fiscal years. Severity: medium
AI-native Percipio pivot has only 15 paying customers, too small yet to offset legacy erosion. Severity: medium
Core commodity content (video courses, compliance training) directly exposed to generative AI substitution. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Microsoft (Viva Learning, Teams)	gaining on	Embeds learning directly into Teams and identity layer Entra, no structural barrier stops overlap as of 2026-07
Workday	gaining on	Embeds learning features into its HRIS, competing for the same enterprise skills budget
LinkedIn Learning	contesting	Leverages LinkedIn professional network for content distribution per vendor comparisons, 2025-09
Coursera for Business	contesting	Leverages university partnerships and broad catalog per vendor comparison sources, 2026-02
Cornerstone OnDemand (Cornerstone Galaxy)	contesting	Large enterprise talent-management and LMS incumbent per comparison sites, 2026-03

Questions people ask

Is Skillsoft profitable in 2026?: No. Skillsoft reported negative shareholders equity of $30.2 million as of January 31, 2026, down from positive $93.8 million a year earlier, while total revenue fell to $513 million from $531 million in fiscal 2025, per its April 7, 2026 earnings release.
Could AI replace Skillsoft's core business?: Skillsoft's core assets, pre-made video courses and generic compliance content, are exactly the workflows generative AI can now produce on demand. The company itself pivoted to an 'AI-native' Percipio Platform in Feb 2026, but as of April 2026 only 15 paying customers had signed since launch.
Is Skillsoft at risk of being delisted from the NYSE?: Yes. NYSE notified Skillsoft on March 26, 2026 it was out of compliance with standard 802.01B due to low market cap and stockholders equity. NYSE accepted a compliance plan on July 8, 2026, giving Skillsoft until September 26, 2027 to fix it or face delisting.
Who owns Skillsoft?: Skillsoft is a public company (NYSE: SKIL). Prosus N.V. is its largest shareholder, holding roughly 34.76% as of December 31, 2025, a stake dating to Prosus's investment in the 2021 Churchill Capital Corp II SPAC merger that took Skillsoft public.
Who is Skillsoft's biggest competitor?: Microsoft, via Viva Learning embedded in Teams, and Workday, via learning built into its HRIS, pose the biggest structural threat since they distribute learning content through platforms enterprises already use daily. LinkedIn Learning and Coursera for Business also compete directly in corporate learning.
Did Skillsoft sell off any of its business recently?: Yes. Skillsoft agreed on May 20, 2026 to sell its Global Knowledge instructor-led training unit to Enduring Ventures for up to $20 million, completing the sale July 6, 2026, a steep drop from the roughly $233 million it paid to acquire Global Knowledge in 2020.

Timeline

2026-07-08NYSE accepts Skillsoft compliance plan, sets Sept 26 2027 delisting deadline
2026-07-06Skillsoft completes sale of Global Knowledge to Enduring Ventures
2026-06-17Launches AI-powered manager Insights Dashboards
2026-06-09Q1 FY27 results show 67% QoQ growth in new Percipio agreements
2026-05-20Agrees to sell Global Knowledge for up to $20M
2026-04-07Reports FY26 revenue $513M, down from $531M; equity turns negative
2026-03-26NYSE flags Skillsoft for non-compliance with listing standard 802.01B
2026-02-04Next-gen Percipio AI-native platform reaches general availability
2025-09-16Announces AI-native Percipio skills intelligence platform
2021-06-14SPAC merger with Churchill Capital Corp II closes, SKIL begins NYSE trading

Revision history

22 July 2026

First assessed. Little protection left. The text above is fixed as of this date and is not edited afterwards.

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