---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-040155"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:12:39.440256+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FiscalNote Q2 revenue up 21% to $32.8M; guides to Q3 adjusted EBITDA profitability a quarter early

## Summary
- Q2 revenue $32.8M (+21% YoY); subscription revenue ~90% of total; GAAP net loss $30.9M.
- Adjusted EBITDA loss $(4.3)M; Q3 2023 guidance: revenue $34-35M, adjusted EBITDA positive $0.2-1.0M (quarter earlier than prior guidance).
- Full-year 2023 revenue guidance $136-138M (+20-21% YoY); adjusted EBITDA loss $(8)-$(6)M, ~71% improvement YoY.
- Cash $38.1M plus ~$94M debt capacity; organic ARR $113M (+6% pro forma YoY); net revenue retention ~98%.
- Launched FiscalNoteGPT generative AI and Risk Connector; new partnerships with Microsoft Bing, OpenAI, Google Bard, and Databricks.

## SEC filing metadata
- accession: 0000950170-23-040155
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000095017023040155/0000950170-23-040155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000095017023040155/note-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-040155
- JSON: https://secwatch.observer/filing/0000950170-23-040155.json
- Plain text: https://secwatch.observer/filing/0000950170-23-040155.txt

## Key facts
- Earnings Releases
  FiscalNote Holdings, Inc. reported the third quarter of 2023 results: revenue $34 million to $35 million. Guidance raised.
  - Period: the third quarter of 2023
  - Revenue: $34 million to $35 million
  - Guidance: raised
  - Result: guidance update
  source text: Guidance for the third quarter of 2023 is as follows: • GAAP revenue of $34 million to $35 million, representing 17% to 20% year-over-year growth. • Adjusted EBITDA (1)(5) of positive $0.2 million to $1.0 million for the quarter, marking an increase from the Company’s prior guidance of approximately break-even in the third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823466/000095017023040155/0000950170-23-040155-index.htm
- Earnings Releases
  FiscalNote Holdings, Inc. reported the second quarter ended June 30, 2023 results: revenue $32.8 million, net income $(30.9) million. Guidance raised.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $32.8 million
  - Net income: $(30.9) million
  - Guidance: raised
  - Result: reported results
  source text: their businesses in an increasingly complex global geopolitical, economic, and regulatory environment. Second Quarter 2023 Financial Highlights ● Revenue increased 21% to $32.8 million, compared to $27.2 million in Q2 2022 and consistent with the guidance range the Company previously provided. Subscription revenue , which comprises approximately 90% of total
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823466/000095017023040155/0000950170-23-040155-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.