secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0000950170-25-069323
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FiscalNote Q1 revenue $27.5M, adj. EBITDA $2.8M beat; reaffirms FY guidance
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- Q1 revenue $27.5M (-14% YoY); adjusted EBITDA $2.8M vs $1.2M YoY, both exceeding forecasts.
- Subscription revenue $25.2M (92% of total), down 15% YoY primarily due to divestitures.
- ARR $87.7M (-20% as reported; -7% pro forma); NRR 93%.
- Reaffirms FY25 guidance: revenue $94-100M, adj. EBITDA $10-12M; Q2 forecast $22-24M revenue, ~$2M EBITDA.
- Completed sale of Oxford Analytica/Dragonfly for $40M; signed deal to sell TimeBase for $6.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000095017025069323/0000950170-25-069323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000095017025069323/note-20250512.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-069323

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