secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-212342
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FiscalNote Q1 revenue $20M (-27% YoY), net loss $43.6M; reaffirms FY26 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312526212342/0001193125-26-212342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312526212342/note-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-212342

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