Skillsoft (US:SKIL)2025-12-10 22:00Financial 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]