Slide 1: Earnings Supplement Q4 FY2026
Earnings Supplement Q4 FY2026 April 7, 2026
Slide 2: Cautionary Notes Regarding Forward Looking Statements
Cautionary Notes Regarding Forward Looking Statements This document (and the presentation to which it relates) 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 Securi
Slide 3: Today's Call
Today’s Call 1. Opening Remarks 2. Business Update 3. Q4 & Full Year FY2026 Financial Highlights 4. Q&A 5. Closing Remarks Webcast Details Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=nCEC6bgu Audio Dial-in: Toll-free (877) 407-3088 | International: (201) 389-0927 3
Slide 4: Today's Presenters
Today’s Presenters Ron Hovsepian John Frederick Nick Teves Executive Chairman & Chief Financial Officer Investor Relations Chief Executive Officer 4
Slide 5: John Fredrick Ron Hovsepian
“ This quarter’s strong TDS Segment results, led by TDS enterprise solutions, demonstrate the critical role Skillsoft plays in helping organizations navigate the rapid pace of human and AI change. Over the past 18 months, we’ve made meaningful progress Ron Hovsepian executing our transformation, str
Slide 6: Recent Business Highlights
Recent Business Highlights ▪ Strong financial performance in our TDS segment in Q4, with revenue within guidance and Adjusted EBITDA and Free Cash Flow1 exceeding the high end of guidance previously provided. ▪ Skillsoft announced the general availability of its next-generation skills management pla
Slide 7: Q4 FY2026 Financial Highlights
Q4 FY2026 Financial Highlights Q4 FY26 Talent Q4 FY26 Adjusted LTM Dollar Retention EBITDA1 Development Solutions Rate1 Revenue % of Revenue1 $102.6M 98% $31.2M 24% ▼0.2% ▼~700bps ~150bps ▼ vs. Prior Year vs. Prior Year vs. Prior Year 1 - Denotes a non-GAAP financial measure or key performance metri
Slide 8: Full Year FY2026 Financial Highlights
Full Year FY2026 Financial Highlights FY26 Talent FY26 Adjusted FY26 Dollar Retention EBITDA1 Development Solutions Rate1 Revenue % of Revenue $403.7M 96% $109.6M 21% ▼0.4% ▼~300bps ~90bps ▼ vs. Prior Year vs. Prior Year vs. Prior Year 1 - Denotes a non-GAAP financial measure or key performance metr
Slide 9: Revenue
Revenue Challenging macro conditions impacted revenue, though TDS showed (compared to Q4 '25 and FY '25) resilience and Q/Q growth ▪ Talent Development Solutions $132.2 $137.2 $133.8 $130.7 ▼1% YoY ▼3% YoY $128.8 $129.0 roughly flat both in Q4 ’26 and FY ‘26 ▼6% YoY $124.2 ▼3% YoY ▼6% YoY ▼2% YoY $1
Slide 10: Adjusted EBITDA & Free Cash Flow
Transformation execution drove Adjusted EBITDA margin1 expansion and Adjusted EBITDA1 & Adjusted EBITDA1 growth, while Free Cash Flow1 reflected timing of collections and Global Knowledge headwinds Free Cash Flow 1 Adjusted EBITDA1 ($Ms) Free Cash Flow1 ($Ms) ▪ Q4 ‘26 Adjusted EBITDA1 of $31.2M, up
Slide 11: Appendix
# Skillsoft
Slide 12: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures In addition to disclosing detailed operating results in accordance with U.S. GAAP, Skillsoft provides supplementary non-GAAP financial measures to consider in evaluating our operating performance. We track the non-GAAP financial measures that we believe
Slide 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ▪ Adjusted net income (loss) per share is defined as adjusted net income (loss) divided by the number of diluted weighted average shares outstanding, and adjusted net income (loss) margin % is defined as adjusted net income (loss) as a percentage of reve
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non- GAAP Financial Measures 14
Slide 15: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 15