---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-270034"
form_type: "8-K"
ticker: "NOTE"
cik: "0001823466"
company_name: "FiscalNote Holdings, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:57:25.423592+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-270034
- form_type: 8-K
- ticker: NOTE
- cik: 0001823466
- company_name: FiscalNote Holdings, Inc.
- filed_at: 2025-11-06T23:59:59+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/1823466/000119312525270034/0001193125-25-270034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823466/000119312525270034/note-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-270034
- JSON: https://secwatch.observer/filing/0001193125-25-270034.json
- Plain text: https://secwatch.observer/filing/0001193125-25-270034.txt

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