Skillsoft Q2: Revenue Down 3%, GK Buyer Misses $3.4M Payment, New CLO Hired
SKIL sits 71% above its 52-week low of $3.43.
Summary
Skillsoft's Q2 10-Q confirms revenue fell 3% to $98.2M and full-year guidance was cut, but the bigger news is the GK buyer missed a $3.4M payment and the company took a $22.4M loss on the sale.
Key Events · Earnings and Guidance · SKIL
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GK Buyer Misses $3.4M Payment
The Global Knowledge purchaser failed to make a $3.4M seller-note payment due July 31, 2026, and had paid only $0.5M as of September 1, 2026. The buyer says it expects to pay the full balance by October 31, 2026.
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Additional $22.4M Loss on GK Sale
Skillsoft recognized an additional $22.4M loss on the GK sale in Q2, including $20.1M from releasing the cumulative foreign currency translation adjustment and $2.3M from final working capital adjustments.
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Revenue Down 3%, Guidance Cut
Q2 FY2027 revenue was $98.2M, down 3% year-over-year, driven by a 25.9% decline in consumer revenue. Full-year revenue guidance was lowered to $380M–$390M from $388M–$406M.
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New Chief Legal Officer Hired
Matthew J. Cushing was hired as CLO effective August 3, 2026, with a $475,000 base salary, $150,000 signing bonus, and 110,000 RSU/PSU equity grant.
Analysis · SKIL · Technology
Skillsoft's Q2 FY2027 10-Q confirms the revenue decline and guidance cut already disclosed in today's 8-K, but adds two material items: the Global Knowledge buyer missed a $3.4M seller-note payment due July 31, 2026 (only $0.5M paid as of September 1), and the company recognized an additional $22.4M loss on the GK sale. The missed payment raises collectability risk on the $5.4M seller note and $8M deferred consideration. The filing also reveals a new Chief Legal Officer hire with a $475K base salary and 110,000-share equity grant, plus a PSU redesign tied to bookings growth.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 36.4% of the 1919 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SKIL was trading at $5.85 on NYSE in the Technology sector, with a market capitalization of approximately $57.1M. The 52-week trading range was $3.43 to $18.45. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.