Skillsoft Corp.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-139.8M | $-121.9M | $-349.3M | $-725.0M | $-72.5M | $-14.7M |
| Depreciation & Amortization | $1.8M | $3.4M | $3.3M | $6.5M | $9.7M | — |
| Depreciation | — | — | $3.3M | $5.0M | $9.7M | — |
| Amortization | $127.3M | $127.2M | $152.5M | $170.3M | $96.4M | — |
| Stock-Based Compensation | $13.2M | $19.6M | $31.1M | $36.6M | $83.0K | — |
| Net Cash from Operating Activities | $25.1M | $30.0M | $2.8M | $-20.9M | $-720.7K | $-2.0M |
| Investing Activities | ||||||
| Capital Expenditures | $1.8M | $1.6M | $4.2M | $4.9M | $10.4M | — |
| Business Acquisitions | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-18.6M | $-18.4M | $-23.0M | $-42.2M | $856.3K | $-688.6M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | $0 | $0 | $8.0M | $2.8M | — | — |
| Net Cash from Financing Activities | $-8.1M | $-51.5M | $-10.8M | $77.2M | $1.5M | $692.9M |
| Net Change in Cash | $1.1M | $-43.2M | $-31.0M | $8.6M | $3.3M | — |
| Free Cash Flow | $23.3M | $28.4M | $-1.4M | $-25.8M | $-11.1M | — |