Earnings summaries and quarterly performance for FiscalNote Holdings.
Executive leadership at FiscalNote Holdings.
Board of directors at FiscalNote Holdings.
Research analysts who have asked questions during FiscalNote Holdings earnings calls.
JS
Jesse Sobelson
Analyst
3 questions for NOTE
Also covers: AREC, CXDO, EVTL +8 more
Mike Latimore
Northland Capital Markets
3 questions for NOTE
Also covers: AI, AXON, CTLP +22 more
Ethan Widell
B. Riley Securities
2 questions for NOTE
Also covers: BLZE, TBLA
Zach Cummins
B. Riley Securities
2 questions for NOTE
Also covers: AEYE, BLZE, DHX +9 more
GM
Glenn Mattson
Ladenburg Thalmann & Co. Inc.
1 question for NOTE
Also covers: BLNE, CRLBF, JUSHF +8 more
John Roy
Water Tower Research LLC
1 question for NOTE
Also covers: CXDO, FIBK, GRRR +2 more
VD
Vijay Devar
Northland Capital Markets
1 question for NOTE
Also covers: DUOT, MCHX, OOMA +1 more
Recent press releases and 8-K filings for NOTE.
FiscalNote Reports Q3 2025 Financial Results and Updates Full-Year Guidance
NOTE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- FiscalNote Holdings, Inc. reported Q3 2025 total revenues of $22.4 million, meeting guidance, and Adjusted EBITDA of $2.2 million, exceeding guidance.
- Annual Recurring Revenue (ARR) grew sequentially on a pro forma basis to $84.8 million as of September 30, 2025, up from $84.7 million in Q2 2025, reflecting stabilization in the core business.
- The company updated its full-year 2025 financial guidance, narrowing total revenues to $95 million to $96 million and Adjusted EBITDA to approximately $10 million.
- Operational highlights include the completion of balance sheet refinancing and continued strengthening of key customer engagement, pipeline, and sales metrics.
Nov 6, 2025, 10:00 PM
FiscalNote Reports Q3 2025 Results and Updates FY 2025 Guidance
NOTE
Earnings
Guidance Update
Debt Issuance
- FiscalNote reported Q3 2025 Total Revenue of $22.4 million and Adjusted EBITDA of $2.2 million, achieving an Adjusted EBITDA Margin of 10%. The company has maintained 9 consecutive quarters of Adjusted EBITDA profitability and 5 consecutive quarters of Adjusted EBITDA margin of +10% as of Q3 2025.
- The company updated its FY 2025 guidance, narrowing the range for Total Revenue to $95 million to $96 million (from previous guidance of $94M-$100M) and for Adjusted EBITDA to ~$10 million (from previous guidance of $10M-$12M).
- FiscalNote completed a balance sheet realignment in August 2025, which included a new $75 million senior secured term loan extending maturity to 2029. This resulted in total principal debt and PIK outstanding of $140.3 million as of September 30, 2025.
- The company continues to advance its product-led growth strategy with its AI-driven SaaS platform, PolicyNote, which launched in January 2025, with customer migration targeted for completion by year-end 2026.
Nov 6, 2025, 10:00 PM
FiscalNote Reports Q3 2025 Results and Updates Full-Year Guidance
NOTE
Earnings
Guidance Update
Debt Issuance
- FiscalNote reported Q3 2025 revenue of $22.4 million and adjusted EBITDA of $2.2 million, achieving a 10% adjusted EBITDA margin for the fifth consecutive quarter.
- The company updated its full-year 2025 revenue guidance to $95-$96 million and adjusted EBITDA guidance to approximately $10 million, both remaining within previously established ranges.
- Annual Recurring Revenue (ARR) for Q3 2025 was $84.8 million, showing a sequential increase of $100,000 on a pro forma basis from Q2 2025, and net revenue retention was 98%.
- Operating expenses decreased by 11% year-over-year in Q3 2025, reflecting cost discipline, and the company strengthened its capital structure by extending debt maturities.
- Corporate new logo sales demonstrated continued momentum with improved win rates and higher average contract values, helping to offset an estimated $2 million to $3 million impact on full-year revenue from the federal government shutdown.
Nov 6, 2025, 10:00 PM
FiscalNote Holdings, Inc. Announces Reverse Stock Split
NOTE
Delisting/Listing Issues
- FiscalNote Holdings, Inc. is implementing a 1-for-12 reverse stock split for its Class A and Class B common stock, effective August 29, 2025, at 4:30 p.m., Eastern Time.
- Trading on a split-adjusted basis on the NYSE is anticipated to commence on September 2, 2025, with the trading symbol remaining "NOTE".
- No fractional shares will be issued; instead, stockholders will receive cash in lieu of fractional interests, and the new CUSIP number for Class A Common Stock will be 337655 302.
- The reverse stock split will also result in proportionate adjustments to the exercise and conversion prices of outstanding warrants, stock options, and other convertible/derivative securities.
Aug 29, 2025, 8:45 PM
Quarterly earnings call transcripts for FiscalNote Holdings.
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