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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and Skillsoft Corp. (SKIL). Click either name above to swap in a different company.
PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $129.0M, roughly 2.0× Skillsoft Corp.). Skillsoft Corp. runs the higher net margin — -32.0% vs -125.2%, a 93.2% gap on every dollar of revenue. Skillsoft Corp. produced more free cash flow last quarter ($-19.3M vs $-256.6M).
PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.
Skillsoft is an American educational technology company that produces learning management system software and content.
PCLA vs SKIL — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $252.6M | $129.0M |
| Net Profit | $-316.2M | $-41.3M |
| Gross Margin | — | 72.7% |
| Operating Margin | -114.8% | -26.6% |
| Net Margin | -125.2% | -32.0% |
| Revenue YoY | — | -6.0% |
| Net Profit YoY | — | -74.9% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $129.0M | ||
| Q3 25 | — | $128.8M | ||
| Q2 25 | — | $124.2M | ||
| Q1 25 | $252.6M | $133.8M | ||
| Q4 24 | — | $137.2M | ||
| Q3 24 | — | $132.2M | ||
| Q2 24 | — | $127.8M | ||
| Q1 24 | — | $137.5M |
| Q4 25 | — | $-41.3M | ||
| Q3 25 | — | $-23.8M | ||
| Q2 25 | — | $-38.0M | ||
| Q1 25 | $-316.2M | $-31.1M | ||
| Q4 24 | — | $-23.6M | ||
| Q3 24 | — | $-39.6M | ||
| Q2 24 | — | $-27.6M | ||
| Q1 24 | — | $-245.3M |
| Q4 25 | — | 72.7% | ||
| Q3 25 | — | 74.5% | ||
| Q2 25 | — | 74.0% | ||
| Q1 25 | — | 74.9% | ||
| Q4 24 | — | 75.0% | ||
| Q3 24 | — | 75.4% | ||
| Q2 24 | — | 73.0% | ||
| Q1 24 | — | 72.0% |
| Q4 25 | — | -26.6% | ||
| Q3 25 | — | -9.2% | ||
| Q2 25 | — | -14.6% | ||
| Q1 25 | -114.8% | -12.9% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -14.6% | ||
| Q2 24 | — | -18.6% | ||
| Q1 24 | — | -165.8% |
| Q4 25 | — | -32.0% | ||
| Q3 25 | — | -18.5% | ||
| Q2 25 | — | -30.6% | ||
| Q1 25 | -125.2% | -23.3% | ||
| Q4 24 | — | -17.2% | ||
| Q3 24 | — | -29.9% | ||
| Q2 24 | — | -21.6% | ||
| Q1 24 | — | -178.4% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $456.8M | $74.6M |
| Total DebtLower is stronger | — | $570.2M |
| Stockholders' EquityBook value | $354.8M | $4.0M |
| Total Assets | $1.2B | $897.6M |
| Debt / EquityLower = less leverage | — | 142.97× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $74.6M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | — | $127.8M | ||
| Q1 25 | $456.8M | $100.8M | ||
| Q4 24 | — | $97.9M | ||
| Q3 24 | — | $122.7M | ||
| Q2 24 | — | $142.0M | ||
| Q1 24 | — | $136.3M |
| Q4 25 | — | $570.2M | ||
| Q3 25 | — | $571.2M | ||
| Q2 25 | — | $572.2M | ||
| Q1 25 | — | $573.3M | ||
| Q4 24 | — | $574.3M | ||
| Q3 24 | — | $575.4M | ||
| Q2 24 | — | $576.4M | ||
| Q1 24 | — | $577.5M |
| Q4 25 | — | $4.0M | ||
| Q3 25 | — | $42.5M | ||
| Q2 25 | — | $62.6M | ||
| Q1 25 | $354.8M | $93.8M | ||
| Q4 24 | — | $120.5M | ||
| Q3 24 | — | $141.4M | ||
| Q2 24 | — | $182.1M | ||
| Q1 24 | — | $205.6M |
| Q4 25 | — | $897.6M | ||
| Q3 25 | — | $969.4M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | 142.97× | ||
| Q3 25 | — | 13.45× | ||
| Q2 25 | — | 9.13× | ||
| Q1 25 | — | 6.11× | ||
| Q4 24 | — | 4.77× | ||
| Q3 24 | — | 4.07× | ||
| Q2 24 | — | 3.16× | ||
| Q1 24 | — | 2.81× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-245.6M | $-18.9M |
| Free Cash FlowOCF − Capex | $-256.6M | $-19.3M |
| FCF MarginFCF / Revenue | -101.6% | -15.0% |
| Capex IntensityCapex / Revenue | 4.3% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-18.9M | ||
| Q3 25 | — | $-17.8M | ||
| Q2 25 | — | $31.3M | ||
| Q1 25 | $-245.6M | $17.8M | ||
| Q4 24 | — | $8.7M | ||
| Q3 24 | — | $-11.4M | ||
| Q2 24 | — | $14.9M | ||
| Q1 24 | — | $11.5M |
| Q4 25 | — | $-19.3M | ||
| Q3 25 | — | $-18.5M | ||
| Q2 25 | — | $30.8M | ||
| Q1 25 | $-256.6M | $17.0M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $14.8M | ||
| Q1 24 | — | $11.1M |
| Q4 25 | — | -15.0% | ||
| Q3 25 | — | -14.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | -101.6% | 12.7% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | -8.8% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 8.0% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | 4.3% | 0.6% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCLA
| Revenue from product | $179.1M | 71% |
| Revenue from SaaS, Maintenance and others | $42.4M | 17% |
| Revenue from product – related party | $31.0M | 12% |
SKIL
| SAAS And Subscription Services | $93.5M | 73% |
| Virtual Ondemand And Classroom And Individualized Coaching | $28.2M | 22% |
| Professional Services | $7.3M | 6% |
