Skillsoft Corp. — Earnings Quality Grade F
SKIL · Consumer Defensive
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 125 days, change +2 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -3.5%, CFFO -16.4%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 1.0% vs revenue -3.5%. Normal
SG&A/Gross Profit = 57.3%. Normal
Gross margin 73.7%, change -0.9pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.0B, FCF/NI = -0.05
Accruals ratio = -17.1%. Low accruals
Cash $0.1B covers only 17% of debt $0.6B
Balance Sheet Health
Goodwill+Intangibles $0.6B = -1999% of equity. Manageable
Debt/EBITDA = 17.2x (>4x). Interest coverage = -0.7x (<2x). Financial stress
Other assets -58.9% vs revenue -3.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -19% YoY. Normal
Manipulation Score
M-Score = -3.36 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25