---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-029986"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:16:17.972898+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FiscalNote beats Q4 adjusted EBITDA, divests Board.org for up to $103M, guides 2024 EBITDA positive

## Summary
- Q4 2023 revenue $34.3M (+9% YoY); adjusted EBITDA $3.0M, above guidance of $2.5M (157% improvement vs -$5.2M in Q4 2022).
- Full-year 2023 revenue $132.6M (+17% YoY); adjusted EBITDA loss -$7.5M, improved 69% from -$24.5M in 2022.
- Divested Board.org for up to $103M total ($95M cash); used $65.7M to repay senior debt, resulting in ~$45M cash post-close.
- FY 2024 guidance: GAAP revenue $123-127M; adjusted EBITDA $7-9M; Q1 2024 revenue ~$31M, adjusted EBITDA ~$1M.
- Board.org contributed ~$14M revenue and ~$5M EBITDA in 2023; sunset products add ~$17M revenue not expected to recur after March 11.

## SEC filing metadata
- accession: 0000950170-24-029986
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000095017024029986/0000950170-24-029986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000095017024029986/note-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-029986
- JSON: https://secwatch.observer/filing/0000950170-24-029986.json
- Plain text: https://secwatch.observer/filing/0000950170-24-029986.txt

## Key facts
- Earnings Releases
  FiscalNote Holdings, Inc. reported financial results for the year ended December 31, 2023.
  - Period: the year ended December 31, 2023
  - Result: reported results
  source text: On March 12, 2024, FiscalNote Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823466/000095017024029986/0000950170-24-029986-index.htm

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