earnings
confidence high
sentiment positive
materiality 0.80
FiscalNote Q4 revenue $22.2M, -25% YoY; announces 25% workforce reduction, targets positive FCF by Q1 2027
FiscalNote Holdings, Inc.
- Q4 2025 revenue $22.2M (-25% YoY); Adj. EBITDA $2.5M, exceeding guidance.
- Full-year 2025 revenue $95.4M (-21% YoY); Adj. EBITDA $10.3M (+5% YoY).
- Workforce reduction of ~25%; expects positive FCF on trailing 12-month basis by Q1 2027.
- 2026 guidance: revenue $80-83M, Adj. EBITDA $14-16M.
- Pro forma ARR $84.0M (-9% YoY); NRR 96%.