Core Viewpoint - Skillsoft has announced a strategic partnership with edX to integrate edX's course offerings into the Skillsoft Percipio Platform, enhancing the academic and professional learning available to organizations [1][2][3]. Group 1: Partnership Details - The partnership aims to connect academic learning with enterprise skills priorities, allowing organizations to better align their learning investments with the skills needed in an AI-driven work environment [3][5]. - edX offers a broad catalog of programs from prestigious institutions, including executive education and professional certificates in areas such as AI and cybersecurity, which will now be accessible through the Skillsoft platform [6][7]. Group 2: Workforce Skills and Learning - Organizations face challenges in understanding their current workforce skills and preparing for future needs, with only 10% of HR leaders feeling confident in their workforce's skills to meet business goals in the next 12 to 24 months [4]. - The integration of edX programs into the Skillsoft platform is designed to create a continuous learning environment, helping organizations connect learning activities directly to workforce planning and performance [5][6]. Group 3: Company Background - Skillsoft is a leader in AI-native skills management, supporting over 105 million learners globally and trusted by 60% of the Fortune 1000 [8].

Financial Performance - Talent Development Solutions (TDS) revenue was $100.8 million, a decrease of $2.2 million or 2% year-over-year[23] - Global Knowledge (GK) revenue declined by 18% in Q3 FY2026[27] - Q3 FY2026 Adjusted EBITDA was $28.0 million, representing 22% of revenue, a decrease of approximately 160 basis points year-over-year[23] - Q3 FY2026 Free Cash Flow was negative $23.6 million[31] - Adjusted Operating Expenses were $101.0 million, a decrease of 4.1% year-over-year[32,41] Key Performance Indicators - Last Twelve Months (LTM) Dollar Retention Rate (DRR) was approximately 99%, an increase of 1 percentage point year-over-year[21,23] - TDS federal business DRR was 104% in the quarter[21] Strategic Initiatives - Launched the next-generation Skillsoft Percipio Platform with AI capabilities[21] - AI drives more than half of the design, curation, and production work for learning content[14] - Undertook a strategic review of the Global Knowledge segment, concluding that a partnership-driven model is more appropriate than continued ownership[14] Geographic Mix - Revenue geographic mix: 65% United States, 26% EMEA, 9% rest of world[27]