FiscalNote Q3 revenue $22.4M, net loss $24.9M; narrows FY25 revenue guidance to $95-96M

FiscalNote Holdings, Inc.

2025-Q3 EPS reported -$3.20 revenue$73,204,000

Q3 total revenue $22.4M (down 24% YoY); subscription revenue $21.2M (down 22%).
Net loss $24.9M compared to $14.9M in Q3 2024; adjusted EBITDA $2.2M, exceeding guidance.
Pro forma ARR $84.8M, up sequentially from $84.7M in Q2 2025; NRR improved to 98%.
FY2025 guidance updated: revenue narrowed to $95-96M (from $94-100M), adjusted EBITDA ~$10M (from $10-12M).
Board continues strategic review; no timetable or assurance of outcome.

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