secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0000950170-25-105119
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000095017025105119/0000950170-25-105119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000095017025105119/note-20250807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-105119

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