Financial Performance - Talent Development Solutions revenue was $101.2 million, a decrease of less than 1% year-over-year[26, 30] - Global Knowledge revenue declined by 10% in Q2 '26[30] - Total revenue declined by 3% in Q2 '26[30] - Adjusted EBITDA was $28.3 million, approximately flat compared to the prior year, representing 22% of revenue[26, 35] - Free cash flow was negative $22.6 million, influenced by seasonality and the timing of collections and disbursements[34, 35] - Adjusted operating expenses decreased by 3% year-over-year to $100.5 million[35] Business Highlights - The company achieved a roughly 99% Last-Twelve-Month (LTM) Dollar Retention Rate[26] - The number of technology learners on the Skillsoft platform increased by 50% year-over-year[17] - AI learners increased by 74% and total AI learning hours increased by 158%[17] Strategic Direction - The company is focused on AI-centric product innovation and reshaping its go-to-market strategy[12, 20] - Skillsoft is shifting towards a talent development lifecycle approach, targeting a $400 billion market opportunity[21, 22]