secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0000950170-25-038864
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000095017025038864/0000950170-25-038864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000095017025038864/note-20250313.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-038864

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer