---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-105119"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T18:12:13.856148+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FiscalNote Q2 revenue $23.3M (-20% YoY), adj EBITDA $2.8M (+58%); reaffirms FY guidance

## Summary
- Q2 total revenue $23.3M, down 20% from $29.2M; subscription revenue $21.4M (-21% YoY).
- Adjusted EBITDA $2.8M, up 58% YoY; margin doubled to 12% from 6%.
- Net loss widened to $13.3M from $12.8M in prior-year Q2.
- ARR at June 30, 2025 was $85.9M (-21% as reported, -8% pro forma excluding divestitures).
- FY2025 guidance reaffirmed: revenue $94-100M, adj EBITDA $10-12M; Q3 guides $22-23M revenue, ~$2M EBITDA.

## SEC filing metadata
- accession: 0000950170-25-105119
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823466/000095017025105119/0000950170-25-105119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000095017025105119/note-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-105119
- JSON: https://secwatch.observer/filing/0000950170-25-105119.json
- Plain text: https://secwatch.observer/filing/0000950170-25-105119.txt

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