Revenue and EBITDA Exceed Expectations
Skillsoft delivered solid fourth quarter and fiscal year results with revenue exceeding the high end of guidance and adjusted EBITDA at the upper end of the range.
Strong Dollar Retention Rate
The company achieved a dollar retention rate (DRR) of 105% in Q4, bringing the last 12 months DRR to 100%, meeting expectations and showing a 200 basis point improvement from the previous quarters.
Transformation Plan Progress
The transformation strategy focused on 'fix the basics' and 'invest to grow' is on track, with $45 million in annualized expense reduction achieved and reinvestment underway.
Positive Free Cash Flow
Skillsoft generated positive free cash flow of $11.6 million for FY '25, an improvement of $27 million from the prior year.
Major Customer Wins
Skillsoft secured major deals with Honda and Virgin Media-O2, focusing on digital transformation and learning ecosystem creation.