Skillsoft Corp. (SKILW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
300 INNOVATIVE WAY NASHUA, NH 03062 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 1/31/2025 | 10/31/2024 MRQ | 1/31/2024 | 1/31/2023 | 1/31/2022 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 97,921 | 136,308 | 170,359 | 154,672 | 3,874 | 2,238 | |||
| Cash and cash equivalent | 97,921 | 136,308 | 170,359 | 154,672 | 3,874 | 2,238 | |||
| Restricted cash and investments | 3,881 | 10,215 | 7,197 | 14,251 | |||||
| Receivables | 102,498 | 187,888 | 189,225 | 217,065 | |||||
| Prepaid expense | 15,801 | 18,295 | 5,747 | 94 | |||||
| Contract with customer, asset, after allowance for credit loss | 4,425 | ||||||||
| Deferred costs | 23,227 | 12,369 | 8,502 | ||||||
| Other current assets | 1,154 | 894 | 33 | ||||||
| Other undisclosed current assets | 55,834 | 6,313 | 7,405 | 26,953 | 303 | ||||
| Total current assets: | 260,134 | 385,331 | 405,744 | 427,223 | 3,968 | 2,541 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5,054 | 8,044 | 14,633 | 19,925 | |||||
| Property, plant and equipment | 3,543 | 6,639 | 10,150 | 18,084 | |||||
| Intangible assets, net (including goodwill) | 773,763 | 856,364 | 1,195,810 | 1,740,991 | |||||
| Goodwill | 317,071 | 317,071 | 457,744 | 871,504 | |||||
| Intangible assets, net (excluding goodwill) | 456,692 | 539,293 | 738,066 | 869,487 | |||||
| Asset, held-in-trust | 696,957 | 695,295 | |||||||
| Other noncurrent assets | 11,037 | 17,256 | 16,350 | 15,725 | |||||
| Total noncurrent assets: | 793,397 | 888,303 | 1,236,943 | 1,794,725 | 696,957 | 695,295 | |||
| TOTAL ASSETS: | 1,053,531 | 1,273,634 | 1,642,687 | 2,221,948 | 700,925 | 697,836 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 49,484 | 67,987 | 79,641 | 116,397 | 635 | 257 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 6,730 | ||||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 16,703 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 51,115 | ||||
| Accounts payable | 21,159 | 14,512 | 18,338 | 25,661 | |||||
| Accrued liabilities | 28,325 | 53,475 | 61,303 | 16,188 | |||||
| Other undisclosed accounts payable and accrued liabilities | 635 | 257 | |||||||
| Deferred revenue | 203,646 | 282,570 | 280,676 | 331,605 | |||||
| Debt | 16,413 | 51,384 | 46,097 | 4,800 | |||||
| Customer refund liability | 2,546 | ||||||||
| Due to related parties | ✕ | ✕ | ✕ | 3,104 | |||||
| Other undisclosed current liabilities | 24,458 | 11,287 | 18,694 | 90,374 | 95 | ||||
| Total current liabilities: | 294,001 | 413,228 | 425,108 | 545,722 | 3,835 | 257 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 574,312 | 577,487 | 581,817 | 475,540 | |||||
| Long-term debt, excluding current maturities | 574,312 | 577,487 | 581,817 | 462,185 | |||||
| Liabilities, other than long-term debt | 64,738 | 77,332 | 104,006 | 112,589 | 1 | ||||
| Accounts payable and accrued liabilities | 99,911 | ||||||||
| Deferred revenue | 1,823 | 2,402 | 1,778 | 1,248 | |||||
| Deferred income tax liabilities | 44,099 | 52,148 | 73,976 | 1 | |||||
| Other liabilities | 11,977 | 13,531 | 11,551 | 11,430 | |||||
| Operating lease, liability | 6,839 | 9,251 | 11,947 | 13,355 | |||||
| Derivative instruments and hedges, liabilities | 4,754 | ||||||||
| Other undisclosed noncurrent liabilities | 28,199 | 149,710 | 21,381 | ||||||
| Total noncurrent liabilities: | 639,050 | 654,819 | 685,823 | 616,328 | 149,711 | 21,381 | |||
| Total liabilities: | 933,051 | 1,068,047 | 1,110,931 | 1,162,050 | 153,546 | 21,638 | |||
| Temporary equity, including noncontrolling interest | 696,499 | 671,198 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 120,480 | 205,587 | 531,756 | 1,059,898 | (149,119) | 5,000 | |||
| Common stock | 1 | 1 | 14 | 11 | |||||
| Treasury stock, value | (10,891) | (10,891) | (2,845) | ||||||
| Additional paid in capital | 1,559,547 | 1,551,005 | 1,521,574 | 1,306,146 | 305 | ||||
| Accumulated other comprehensive income (loss) | (15,898) | (13,050) | (14,794) | 970 | |||||
| Retained earnings (accumulated deficit) | (1,412,279) | (1,321,478) | (972,193) | (247,229) | (149,121) | 4,693 | |||
| Other undisclosed equity, attributable to parent | 2 | 2 | |||||||
| Total equity: | 120,480 | 205,587 | 531,756 | 1,059,898 | (149,119) | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,053,531 | 1,273,634 | 1,642,687 | 2,221,948 | 700,925 | 697,836 | |||
Income Statement (P&L) ($ in thousands)
| 1/31/2025 | 10/31/2024 TTM | 1/31/2024 | 1/31/2023 | 1/31/2022 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 535,675 | 553,237 | 555,124 | |||||
| Cost of revenue | (144,749) | (153,157) | (152,015) | |||||
| Gross profit: | 390,926 | 400,080 | 403,109 | |||||
| Operating expenses | (1,057,018) | (708,694) | (1,176,565) | (2,907) | ||||
| Other undisclosed operating income (loss) | 1,069,859 | (30,663) | 2,000 | |||||
| Operating income (loss): | 403,767 | (308,614) | (804,119) | (907) | ||||
| Nonoperating income (expense) | (56,248) | 1,571 | 65,388 | (71,066) | ||||
| Investment income, nonoperating | (52,790) | 3,557 | 57,150 | 2,517 | ||||
| Other nonoperating income (expense) | (3,458) | (1,986) | 4,438 | |||||
| Interest and debt expense | (63,785) | (65,335) | (53,493) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 283,734 | (372,378) | (792,224) | (71,972) | ||||
| Other undisclosed income (loss) from continuing operations before income taxes | 23,057 | 7,510 | (38,815) | |||||
| Income (loss) from continuing operations before income taxes: | 306,791 | (364,868) | (831,039) | (71,972) | ||||
| Income tax expense (benefit) | (12,471) | 16,265 | 40,973 | (487) | ||||
| Income (loss) from continuing operations: | 294,320 | (348,603) | (790,066) | (72,459) | ||||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (72,459) | ||
| Other undisclosed net loss | (62,239) | |||||||
| Net income (loss): | 232,081 | (348,603) | (790,066) | (72,459) | ||||
| Other undisclosed net income (loss) attributable to parent | (682) | (682) | 65,102 | |||||
| Net income (loss) available to common stockholders, diluted: | 231,399 | (349,285) | (724,964) | (72,459) | ||||
Comprehensive Income ($ in thousands)
| 1/31/2025 | 10/31/2024 TTM | 1/31/2024 | 1/31/2023 | 1/31/2022 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 232,081 | (348,603) | (790,066) | (72,459) | ||||
| Other comprehensive income (loss) | (2,848) | 1,744 | ||||||
| Other undisclosed comprehensive income | 1,744 | |||||||
| Comprehensive income (loss): | 230,977 | (346,859) | (790,066) | (72,459) | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 20,330 | (682) | 47,228 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 251,307 | (347,541) | (742,838) | (72,459) | ||||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.