FiscalNote Reports Q4 2024 Revenue $29.5M, First Full Year of Positive Adjusted EBITDA

FiscalNote Holdings, Inc.

Q4 2024 total revenues of $29.5M, adjusted EBITDA of $3.3M, both exceeding guidance; subscription revenue 92% of total.
Full year 2024: first full calendar year of positive adjusted EBITDA of $9.8M, improvement of over $17M year-over-year.
Signed definitive agreement to divest Oxford Analytica and Dragonfly Intelligence for $40M, expected close by March 31, 2025.
Board of Directors continues to review all strategic options to maximize shareholder value; FY25 guidance expects adjusted EBITDA margins to double on a pro forma basis.
Launched PolicyNote AI platform in January 2025; Q4 2024 net revenue retention 98%, ARR $107M (pro forma $107M).

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