Skillsoft Corp.
SKIL, SKILW · Services-Prepackaged Software · 9.0M shares · -92%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$23M (gross $8M, SBC $31M)
Reference price $6.05 · est. market cap ~$54M — last insider purchase, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42Corporate-learning company with operating losses, negative equity, and thin liquidity.
Strengths
- Slightly positive free cash flow — FCF $23M
Risks
- Operating/net losses — operating margin -17%, net margin -27%
- Negative equity, weak coverage — D/E artifact, interest coverage -1.5
- Thin liquidity, flat revenue — current ratio 0.89 (13th), -3%
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- No interest coverageInterest coverage -1.53 (cannot cover interest)
- Net lossNet loss (net margin -27.3%)
- Weak liquidityCurrent ratio 0.89 (<1)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Negative equityNegative book equity (debt/equity -18.88)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Insider buyingInsider buying — 2 open-market buy(s) by 1 insider(s) (~$302,730, last 6mo) Form 4 ↗
- Strong balance sheetStrong balance sheet — $101M cash & investments
- Buying back stockNet buyback — share count -92%/yr over 2y
- New fund positionNotable fund(s) opened this quarter: CITADEL ADVISORS LLC
- Revenue declineRevenue -27.7% YoY
- Notable holderHeld by 5 notable fund(s): GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC, STATE STREET CORP +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
73.7%
Operating margin
-17.5%
Net margin
-27.3%
Return on equity
462.6%
Return on assets
-14.5%
ROIC
-13.1%
Revenue growth (QoQ)
-27.7%
Debt / equity
-18.9×
Interest coverage
-1.5×
Current ratio
0.9×
Free cash flow
$23M
EBITDA
-$88M
Tangible book value
-$635M
Cash & investments
$101M
Stock comp / revenue
2.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | FRANKOLA JIM | Buy | 27K | $6.05 |
| 2026-06-12 | FRANKOLA JIM | Buy | 23K | $6.06 |
| 2026-06-01 | Semel Scott | Option exercise | 4.0K | — |
| 2026-06-01 | Semel Scott | Tax withheld | 1.2K | $7.87 |
| 2026-05-01 | Swiniarski Keith C. | Tax withheld | 55 | $8.28 |
| 2026-05-01 | Swiniarski Keith C. | Option exercise | 625 | — |
| 2026-05-01 | Swiniarski Keith C. | Tax withheld | 183 | $8.28 |
| 2026-05-01 | Glitzer Matthew | Tax withheld | 1.3K | $8.28 |
| 2026-05-01 | Glitzer Matthew | Option exercise | 15K | — |
| 2026-05-01 | Glitzer Matthew | Tax withheld | 4.3K | $8.28 |
| 2026-05-01 | Glitzer Matthew | Option exercise | 5.6K | — |
| 2026-05-01 | Glitzer Matthew | Tax withheld | 1.6K | $8.28 |
| 2026-05-01 | Frederick John W. | Option exercise | 5.0K | — |
| 2026-05-01 | Frederick John W. | Tax withheld | 1.5K | $8.28 |
| 2026-05-01 | Frederick John W. | Option exercise | 9.0K | — |
| 2026-05-01 | Frederick John W. | Tax withheld | 2.6K | $8.28 |
| 2026-05-01 | Frederick John W. | Option exercise | 3.8K | — |
| 2026-05-01 | Frederick John W. | Tax withheld | 1.1K | $8.28 |
| 2026-05-01 | HOVSEPIAN RONALD W | Option exercise | 23K | — |
| 2026-05-01 | Glitzer Matthew | Option exercise | 4.7K | — |
| 2026-05-01 | Semel Scott | Option exercise | 4.0K | — |
| 2026-05-01 | Semel Scott | Tax withheld | 1.2K | $8.28 |
| 2026-05-01 | Swiniarski Keith C. | Option exercise | 188 | — |
| 2026-04-16 | HOVSEPIAN RONALD W | Option exercise | 31K | — |
| 2026-04-16 | HOVSEPIAN RONALD W | Tax withheld | 9.2K | $6.64 |
| 2026-04-01 | Semel Scott | Option exercise | 4.0K | — |
| 2026-04-01 | Semel Scott | Tax withheld | 1.2K | $4.29 |
| 2026-03-01 | Semel Scott | Option exercise | 4.0K | — |
| 2026-03-01 | Semel Scott | Tax withheld | 1.2K | $4.19 |
| 2026-03-01 | Swiniarski Keith C. | Option exercise | 938 | — |
| 2026-03-01 | Swiniarski Keith C. | Tax withheld | 278 | $4.19 |
| 2026-02-01 | Semel Scott | Option exercise | 4.0K | — |
| 2026-02-01 | Semel Scott | Tax withheld | 1.4K | $9.05 |
| 2026-01-16 | HOVSEPIAN RONALD W | Option exercise | 31K | — |
| 2026-01-01 | Semel Scott | Option exercise | 4.0K | — |
| 2026-01-01 | Semel Scott | Tax withheld | 1.4K | $9.30 |
| 2025-12-01 | Semel Scott | Option exercise | 4.0K | — |
| 2025-12-01 | Semel Scott | Tax withheld | 1.4K | $8.15 |
| 2025-10-16 | HOVSEPIAN RONALD W | Option exercise | 31K | — |
| 2025-10-01 | Glitzer Matthew | Option exercise | 2.8K | — |
| 2025-10-01 | Glitzer Matthew | Tax withheld | 804 | $12.93 |
| 2025-09-01 | Swiniarski Keith C. | Option exercise | 500 | — |
| 2025-09-01 | Swiniarski Keith C. | Tax withheld | 121 | $15.37 |
| 2025-09-01 | Frederick John W. | Option exercise | 10K | — |
| 2025-09-01 | Frederick John W. | Tax withheld | 2.9K | $15.37 |
| 2025-07-17 | Klein Michael Stuart | Option exercise | 20K | — |
| 2025-07-17 | Summers Lawrence Henry | Option exercise | 20K | — |
| 2025-07-17 | FRANKOLA JIM | Option exercise | 20K | — |
| 2025-07-16 | HOVSEPIAN RONALD W | Option exercise | 31K | — |
| 2025-06-11 | PURAKAYASTHA APRATIM | Option exercise | 1.6K | — |
| 2025-06-11 | PURAKAYASTHA APRATIM | Tax withheld | 715 | $17.84 |
| 2025-06-01 | TORRES JOSE | Option exercise | 772 | — |
| 2025-06-01 | TORRES JOSE | Tax withheld | 186 | $20.00 |
| 2025-06-01 | TORRES JOSE | Option exercise | 1.4K | — |
| 2025-06-01 | TORRES JOSE | Tax withheld | 330 | $20.00 |
| 2025-06-01 | PURAKAYASTHA APRATIM | Option exercise | 3.5K | — |
| 2025-06-01 | PURAKAYASTHA APRATIM | Tax withheld | 1.5K | $20.00 |
| 2025-05-19 | HOVSEPIAN RONALD W | Grant | 134K | — |
| 2025-05-19 | HOVSEPIAN RONALD W | Tax withheld | 59K | $22.42 |
| 2025-05-01 | WALKER RICHARD | Option exercise | 6.1K | — |
| 2025-05-01 | WALKER RICHARD | Tax withheld | 1.8K | $19.18 |
| 2025-05-01 | WALKER RICHARD | Option exercise | 11K | — |
| 2025-05-01 | WALKER RICHARD | Tax withheld | 3.1K | $19.18 |
| 2025-05-01 | WALKER RICHARD | Option exercise | 1.8K | — |
| 2025-05-01 | WALKER RICHARD | Tax withheld | 523 | $19.18 |
| 2025-05-01 | WALKER RICHARD | Option exercise | 15K | — |
| 2025-05-01 | WALKER RICHARD | Tax withheld | 4.4K | $19.18 |
| 2025-05-01 | WALKER RICHARD | Option exercise | 2.5K | — |
| 2025-05-01 | WALKER RICHARD | Tax withheld | 1.1K | $19.18 |
| 2025-05-01 | TORRES JOSE | Option exercise | 292 | — |
| 2025-05-01 | TORRES JOSE | Tax withheld | 70 | $19.18 |
| 2025-05-01 | TORRES JOSE | Option exercise | 516 | — |
| 2025-05-01 | TORRES JOSE | Tax withheld | 125 | $19.18 |
| 2025-05-01 | TORRES JOSE | Option exercise | 6.2K | — |
| 2025-05-01 | TORRES JOSE | Tax withheld | 1.5K | $19.18 |
| 2025-05-01 | PURAKAYASTHA APRATIM | Option exercise | 5.3K | — |
| 2025-05-01 | PURAKAYASTHA APRATIM | Tax withheld | 1.6K | $19.18 |
| 2025-05-01 | PURAKAYASTHA APRATIM | Option exercise | 9.4K | — |
| 2025-05-01 | PURAKAYASTHA APRATIM | Tax withheld | 2.8K | $19.18 |
| 2025-05-01 | PURAKAYASTHA APRATIM | Option exercise | 2.4K | — |
| 2025-05-01 | PURAKAYASTHA APRATIM | Tax withheld | 709 | $19.18 |
| 2025-05-01 | PURAKAYASTHA APRATIM | Option exercise | 22K | — |
| 2025-05-01 | PURAKAYASTHA APRATIM | Tax withheld | 7.6K | $19.18 |
| 2025-05-01 | Glitzer Matthew | Option exercise | 2.7K | — |
| 2025-05-01 | Glitzer Matthew | Tax withheld | 762 | $19.18 |
| 2025-05-01 | Glitzer Matthew | Option exercise | 4.7K | — |
| 2025-05-01 | Glitzer Matthew | Tax withheld | 1.3K | $19.18 |
| 2025-05-01 | Glitzer Matthew | Option exercise | 15K | — |
| 2025-05-01 | Glitzer Matthew | Tax withheld | 4.3K | $19.18 |
| 2025-04-16 | HOVSEPIAN RONALD W | Option exercise | 31K | — |
| 2025-01-16 | HOVSEPIAN RONALD W | Option exercise | 31K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Reg FD | filing ↗ |
| 2026-06-09 | ResultsReg FDExhibits | filing ↗ |
| 2026-05-21 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-05-21 | Material agreementReg FDExhibits | filing ↗ |
| 2026-04-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-31 | Exec/director changeExhibits | filing ↗ |
| 2026-03-30 | Delisting noticeReg FDExhibits | filing ↗ |
| 2025-12-10 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0001437749-26-021177 ↗ |
| 8-K | 2026-06-09 | 2026-06-09 | 0001437749-26-019984 ↗ |
| 10-Q | 2026-06-09 | 2026-04-30 | 0001437749-26-019986 ↗ |
| 8-K | 2026-05-21 | 2026-05-19 | 0001437749-26-017992 ↗ |
| 8-K | 2026-05-21 | 2026-05-20 | 0001437749-26-017991 ↗ |
| 8-K | 2026-04-07 | 2026-04-07 | 0001437749-26-011599 ↗ |
| 10-K | 2026-04-07 | 2026-01-31 | 0001437749-26-011602 ↗ |
| 8-K | 2026-03-31 | 2026-03-25 | 0001437749-26-010495 ↗ |
| 8-K | 2026-03-30 | 2026-03-26 | 0001437749-26-010355 ↗ |
| 8-K | 2025-12-10 | 2025-12-10 | 0001437749-25-037392 ↗ |
| 10-Q | 2025-12-10 | 2025-10-31 | 0001437749-25-037393 ↗ |
| 8-K | 2025-11-20 | 2025-11-19 | 0001437749-25-035791 ↗ |