Slide 1: Earnings Supplement Q1 FY2027
Earnings Supplement Q1 FY2027 June 9, 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. Q1 2027 Financial Highlights 4. Q&A 5. Closing Remarks Webcast Details Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=pJJTnRCt Audio Dial-in: Toll-free (877) 407-3088 | International: (201) 389-0927 3
Slide 4: Today's Presenters
Today’s Presenters Ron Hovsepian Ron Kisling Nick Teves Executive Chairman & Chief Financial Officer Investor Relations Chief Executive Officer 4
Slide 5: CEO opening remarks
“ We continued to make meaningful strategic and operational progress in the first quarter, highlighted by our execution of an agreement to divest our Global Knowledge business, which once consummated, will represent an important step in simplifying Skillsoft’s operations and focusing the Company on
Slide 6: Recent Business Highlights
Recent Business Highlights ▪ Global Knowledge segment classified as Discontinued Operations and Talent Development Solutions is the only remaining segment ▪ Results reflect Continuing Operations or “Skillsoft” and prior periods have been recast to conform presentation, except Free Cash Flow(1) which
Slide 7: Q1 FY2027 Financial Highlights
Q1 FY2027 Financial Highlights Q1 FY27 Adjusted Q1 FY27 LTM Dollar Retention EBITDA1 Revenue Rate1 % of Revenue1 $94.5M 98% $26.6M 28% ▼ 1% ▼ ▼ 5% vs. Prior Year ~110bps vs. Prior Year vs. Prior Year 1 - Denotes a non-GAAP financial measure or key performance metric. See “Note Regarding Non-GAAP Fin
Slide 8: Revenue
Impacts of government bookings weakness in Q1’26 and Q2’26 still being Revenue felt; ongoing declines in consumer business (compared to Q1 ‘26) $101.7 $103.0 $102.6 $101.2 $100.8 ▼1% YoY ▲2% YoY $99.1 ▼<1% YoY ▼<1% YoY ▼2% YoY ▪ Total revenue declined 4.7% in Q1 ’27 $102.8 ▲1% YoY $94.5 ▲1% YoY ▼5%
Slide 9: Adjusted EBITDA & Free Cash Flow
Operating expense improvements drove Adjusted EBITDA margin¹ Adjusted EBITDA1 & expansion, while Free Cash Flow¹ remained strong and full-year fiscal 2027 Free Cash Flow¹ guidance remains unchanged Free Cash Flow 1 Adjusted EBITDA1 ($Ms) Free Cash Flow1 ($Ms) ▪ Q1 ‘27 Adjusted EBITDA1 of $26.6M, dow
Slide 10: Appendix
# Skillsoft
Slide 11: 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 12: 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 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non- GAAP Financial Measures 13
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 14