Slide 1: Earnings Supplement Q2 FY2027
Earnings Supplement Q2 FY2027 September 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. Q2 Fiscal 2027 Financial Highlights 4. Q&A 5. Closing Remarks Webcast Details Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=7wBcSLNY Audio Dial-in: Toll-free (877) 407-3138 | International: (201) 389-0928 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
“ The second quarter marked another important step in Skillsoft’s transformation. With the Global Knowledge divestiture complete, we are now a simpler, more focused company centered on our core enterprise opportunity and the continued development of our AI-native skills management platform. We are s
Slide 6: Recent Business Highlights
Recent Business Highlights ▪ Global Knowledge segment classified as Discontinued Operations ▪ Results reflect Skillsoft's Continuing Operations and prior periods have been recast to conform presentation, except Free Cash Flow(1) which includes both continuing and discontinued operations ▪ In July 20
Slide 7: Q2 FY2027 Financial Highlights
Q2 FY2027 Financial Highlights Q2 FY27 Adjusted Q2 FY27 LTM Dollar Retention EBITDA2 Revenue Rate1 % of Revenue2 $98.2M 98% $33.4M 34% ▼ 1% ▼ ▼ 3% vs. Prior Year ~320bps vs. Prior Year vs. Prior Year 1 - See Appendix, for "Key Performance Metric" for the definition of DRR and LTM DRR, how it is calc
Slide 8: Revenue
Ongoing declines in consumer business; Revenue from labor-based Revenue offerings improved in the quarter (compared to Q2 ‘26) $103.0 $102.8 $102.6 $101.2 $100.8 ▼1% YoY ▲2% YoY ▼2% YoY $98.2 ▲1% YoY ▼<1% YoY ▪ Total revenue declined 2.9% in Q2 ’27 $99.1 $94.5 ▼3% YoY ▼<1% YoY ▲1% YoY ▪ Geographic m
Slide 9: Adjusted EBITDA, Free Cash Flow & Total Operating Expenses
Adjusted EBITDA margin¹ expanded despite lower revenue, supported by Adjusted EBITDA1 reduced operating expenses and continued cost discipline, reiterated FY’27 Free Cash Flow 1 & Total Free Cash Flow¹ guidance reflects management’s confidence in the cash generation profile of the simplified go-forw
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 per share is defined as adjusted net income divided by the number of diluted weighted average shares outstanding, and adjusted net income margin % is defined as adjusted net income as a percentage of revenue. ▪ Adjusted EBITDA is de
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