SKILW · As filed with the SEC

Skillsoft balance sheet, by fiscal year

The statement as Skillsoft presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Consolidated Balance Sheets · USD thousands

USD thousands	FY2026 Jan 31, 2026	FY2025 Jan 31, 2025	FY2024 Jan 31, 2024	FY2023 Jan 31, 2023	FY2022 Jan 31, 2022	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Current assets:
Cash	—	—	—	—	—	3,873,865	2,238,275
Prepaid Income Taxes	—	—	—	—	—	—	27,140
Prepaid expenses	—	—	—	—	—	94,299	—
Cash and cash equivalents	100,816	100,766	136,308	170,359	154,672	—	—
Restricted cash	3,662	2,571	10,215	7,197	14,251	—	—
Accounts receivable, net of allowance for credit losses of approximately $382 and $501 as of January 31, 2026 and January 31, 2025, respectively	174,963	178,989	185,638	183,592	212,463	—	—
Prepaid expenses and other current assets	53,586	50,527	53,170	44,596	45,837	—	275.53
Current assets associated with discontinued operations	—	—	—	0	—	—	—
Total current assets	333,027	332,853	385,331	405,744	427,223	3,968.16	2,540.94
Cash and marketable securities held in Trust Account	—	—	—	—	—	696,957,196	695,295,418
Property and equipment, net	—	—	6,639	10,150	18,084	—	—
Goodwill	296,300	317,071	317,071	457,744	871,504	—	—
Intangible assets, net	308,031	427,221	539,293	738,066	869,487	—	—
Operating right-of-use assets	—	4,936	8,044	14,633	19,925	—	—
Other assets	25,760	23,988	17,256	16,350	15,725	—	—
Non-current assets associated with discontinued operations	—	—	—	0	—	—	—
Total assets	963,118	1,106,069	1,273,634	1,642,687	2,221,948	700,925.36	697,836.36
Current Liabilities Accounts payable and accrued expenses	—	—	—	—	—	635,483	257,466
Income taxes payable	—	—	—	—	—	95,302	—
Convertible promissory note - related party	—	—	—	—	—	1,500,000	—
Current maturities of long-term debt	6,404	6,404	6,404	6,404	4,800	—	—
Borrowings under accounts receivable facility	—	—	—	—	74,629,000	—	—
Borrowings under accounts receivable facility	1,000	1,000	44,980	39,693	—	—	—
Accounts payable	21,309	13,458	14,512	18,338	25,661	—	—
Accrued compensation	43,018	47,803	31,774	34,325	51,115	—	—
Accrued expenses and other current liabilities	—	—	—	—	51,017,000	—	—
Accrued expenses and other current liabilities	26,394	24,231	29,939	41,474	—	—	—
Operating lease liabilities	—	1,791	3,049	4,198	6,895	—	—
Deferred revenue	274,875	282,295	282,570	280,676	331,605	—	—
Current liabilities associated with discontinued operations	—	—	—	0	—	—	—
Total current liabilities	373,000	376,982	413,228	425,108	545,722	2,230.79	257.47
Long-term debt	570,769	573,267	577,487	581,817	462,185	—	—
Warrant liabilities	—	—	—	—	28,199,000	—	—
Deferred tax liabilities	—	—	—	—	99,911,000	—	—
Warrant liabilities	—	—	0	4,754	—	—	—
Deferred tax liabilities	33,933	42,039	52,148	73,976	—	0.98	9.66
Deferred underwriting fee payable	—	—	—	—	—	21,371,000	21,371,000
Total Liabilities	—	—	—	—	—	23,602,761	21,638,123
Operating long-term lease liabilities	—	6,431	9,251	11,947	13,355	—	—
Deferred revenue - non-current	1,117	1,656	2,402	1,778	1,248	—	—
Other long-term liabilities	14,526	11,848	13,531	11,551	11,430	—	—
Long-term liabilities associated with discontinued operations	—	—	—	0	—	—	—
Total long-term liabilities	620,345	635,241	654,819	685,823	616,328	—	—
Commitments and contingencies	—	—	—	0	—	—	—
Class A Common stock subject to possible redemption, 66,580,981 and 66,619,951 shares at redemption value as of December 31, 2020 and 2019, respectively	—	—	—	—	—	672,322,591	671,198,229
Shareholders’ equity (deficit):
Shareholders’ common stock - Class A common shares, $0.0001 par value: 18,750,000 shares authorized and 9,095,922 shares issued and 8,796,145 shares outstanding as of January 31, 2026, and 8,616,633 shares issued and 8,316,856 shares outstanding as of January 31, 2025	1	1	1	14	11	—	—
Class A Common Stock	—	—	—	—	—	242	238
Class B Common Stock	—	—	—	—	—	1,725	1,725
Additional paid-in capital	1,576,794	1,565,040	1,551,005	1,521,574	1,306,146	398.12	305.00
Accumulated (deficit)	(1,583,210)	(1,443,386)	(1,321,478)	(972,193)	(247,229)	4,599.92	4,693.04
Treasury shares	—	—	—	(2,845)	—	—	—
Treasury stock, at cost- 299,777 shares as of January 31, 2026 and January 31, 2025	(10,891)	(10,891)	(10,891)	—	—	—	—
Accumulated other comprehensive income (loss)	(12,921)	(16,918)	(13,050)	(14,794)	970	—	—
Total shareholders’ equity (deficit)	(30,227)	93,846	205,587	531,756	1,059,898	5,000.01	5,000.01
Class A Common Stock	—	—	—	—	—	242	238
Class B Common Stock	—	—	—	—	—	1,725	1,725
Total liabilities and shareholders’ equity (deficit)	963,118	1,106,069	1,273,634	1,642,687	2,221,948	700,925.36	697,836.36

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.