Skillsoft Revenue Slides 10% as GK Divestiture Reshapes the Base

Skillsoft (SKIL) posted $388M-$406M in FY 2027 revenue guidance, a 10% year-over-year decline that the company attributes to the planned Global Knowledge (GK) divestiture. The training and compliance software firm reported Q1 revenue of $127.6M, down from $141.9M in the same quarter last year. Adjusted EBITDA came in at $27.8M, a 21.8% margin that held steady despite the top-line compression.

CEO Jeff Tarr told analysts the GK sale is on track to close in the second half of fiscal 2027. The deal reshapes Skillsoft's revenue base by stripping out a low-margin, high-revenue training resale business. What remains is the Content & Platform segment, which posted $88.5M in Q1 revenue, down 4% from $92.2M a year ago. That segment's gross margin ran at 72%, versus GK's sub-30% margins. The arithmetic is simple: a smaller top line, a cleaner margin profile, and less capital tied up in working capital.

The Debt Refinancing Clock

Skillsoft carries $1.1B in total debt against a market cap of roughly $300M. The company's $450M term loan matures in August 2026, and the $575M convertible notes come due in 2028. Tarr said the firm is in