Slide 1: Earnings Supplement Q2 FY2026
Earnings Supplement Q2 FY2026 September 9, 2025 1
Slide 2: Cautionary Notes Regarding Forward Looking Statements
Cautionary Notes Regarding Forward Looking Statements This document includes statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For
Slide 3: Today's Call
Today’s Ron Hovsepian EXECUTIVE CHAIRMAN Call AND CHIEF EXECUTIVE OFFICER John Frederick • Opening Remarks CHIEF FINANCIAL OFFICER • Business Update • Q2 FY2026 Financial Results • FY2026 Outlook Stephen Poe INVESTOR RELATIONS • Q&A • Closing Remarks Webcast Details Webcast Link: https://event.choru
Slide 4: Ron Hovsepian Executive Chairman and Chief Executive Officer
“ Our teams continued to execute on our transformation strategy during the quarter, and we are very pleased to have delivered a fourth consecutive quarter of revenue growth in our TDS enterprise solution, reinforcing the durability and potential of our core business. However, economic uncertainty co
Slide 5: Recent Business Highlights
Recent Business Highlights • Achieved positive Free Cash Flow in both the year-to-date and last-twelve-month periods. • Announced availability in AWS Marketplace, simplifying and accelerating the purchasing process. • Expanded reach through partnership with Salesforce to bring Skillsoft CAISY agent
Slide 6: Executing Our Transformation Plan
Executing Our Transformation Plan FY25-FY26 FY27+ FINANCIAL TARGET OUTCOMES FINANCIAL TARGET OUTCOMES $45M1+ annualized expense reduction in FY25 At or above-market growth Margin expansion in FY25 & FY26 Industry-leading financial profile Return to topline growth in FY26 FCF generation in FY26 KEY A
Slide 7: Talent Development
Customers Are Shifting Towards A Talent Development Lifecycle Approach Creating A $400B Market Opportunity Lifecycle Talent Champions Talent Development Approach Discrete, Silo’d Buyers of Online Learning Video-based, Interactive, Workforce Transformation Utilization Metrics Outcomes Learning Style
Slide 8: Investment Thesis
Investment Thesis Leveraging a unique and powerful Making immediate changes to “Fix The Executing a compelling “Invest To asset portfolio Basics” Grow” strategy positioned to win in the talent development and achieve profitable growth to capitalize on a significant and growing market industry opport
Slide 9: Q2 FY2026 Financial Highlights
Q2 FY2026 Financial Highlights Continued strong Adjusted EBITDA profitability Q2 FY26 Talent Q2 FY26 Adjusted LTM Dollar EBITDA1 Development Retention Rate1 Solutions Revenue % of Revenue $101.2M ~99% $28.3M 22% $0.5 vs. Prior Year1 1% vs. Prior Year1 ~flat vs. Prior Year1 1 See the Appendix for the
Slide 10: Revenue
Revenue Macroeconomic uncertainty created a challenging environment for Global Knowledge, however, as expected, Enterprise Solutions, representing more than 90% of Talent Development Solutions, achieved a 4th consecutive quarter of YoY growth • Talent Development Solutions $137.2 $139.0 $137.5 $132.
Slide 11: Profitability and Cash Flow
Profitability Transformation initiatives and disciplined expense management help drive continued YoY improvements in and Cash profitability, with free cash flow generation further aided by working capital timing Flow 1 Adjusted EBITDA ($Ms) Free Cash Flow ($Ms) • Q2 ‘26 Adjusted EBITDA of $28.3M, fl
Slide 12: Appendix
skillsoft® Appendix
Slide 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures We track the non-GAAP financial measures and key performance metrics that we believe are key financial measures of our success. Non-GAAP measures and key performance metrics are frequently used by securities analysts, investors, and other interested part
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures • Adjusted EBITDA is defined as net income (loss) excluding (when applicable to the periods presented) the same exclusions set forth above for the determination of adjusted net income (loss) plus the additional exclusions set forth below. Management beli
Slide 15: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 15
Slide 16: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 16