secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001193125-25-270034
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312525270034/0001193125-25-270034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312525270034/note-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-270034

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