---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056244"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:52:09.218505+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FiscalNote Q1 revenue $32.1M, adj. EBITDA $1.2M; completes Board.org sale for up to $103M

## Summary
- Q1 revenue $32.1M (+2% YoY); subscription revenue $29.6M (+4%). GAAP net income $50.6M vs loss $19.3M.
- Adjusted EBITDA $1.2M (margin 4%), vs -$7.0M in Q1 2023; third straight profitable quarter.
- Divested Board.org for up to $103M ($95M cash at close); $65.7M used to reduce senior debt; 9.5x cash-on-cash return.
- Reaffirms FY2024: revenue $123-127M, adj. EBITDA $7-9M. Q2 guidance: rev ~$29M, adj. EBITDA ~$1M.
- Board continues strategic review; no timetable set. Centerview and Skadden advised.

## SEC filing metadata
- accession: 0000950170-24-056244
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000095017024056244/0000950170-24-056244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000095017024056244/note-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056244
- JSON: https://secwatch.observer/filing/0000950170-24-056244.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056244.txt

## Key facts
- Earnings Releases
  FiscalNote Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $32.1 million, net income $50.6 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $32.1 million
  - Net income: $50.6 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Reports Q1 2024 total revenues of $32.1 million and adjusted EBITDA of $1.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823466/000095017024056244/0000950170-24-056244-index.htm

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