earnings
confidence high
sentiment negative
materiality 0.75
FiscalNote Q1 revenue $20M (-27% YoY), net loss $43.6M; reaffirms FY26 guidance
FiscalNote Holdings, Inc.
2026-Q1 EPS reported
-$2.39
revenue$20,025,000
- Revenue $20.0M vs $27.5M YoY; adjusted EBITDA $1.0M vs $2.8M; net loss $43.6M includes $35.6M goodwill impairment.
- Subscription revenue $19.0M (95% of total); ARR $75.7M (down 14% as reported, 12% pro forma); NRR 89% pro forma.
- Reaffirms FY26 revenue $80-83M, adjusted EBITDA $14-16M; Q2 forecast revenue $19.5-20.5M, adj EBITDA ~$2.5M.
- Board continues strategic review including potential re-listing; positive NTM free cash flow expected from Q2 2026 onward.
- Launched PolicyNote API with MCP, expanded into political prediction markets, and completed legacy customer migration.