FiscalNote Q2 revenue $19.6M (-16% YoY), EBITDA miss; cuts FY26 guidance; $19.1M goodwill impairment

FiscalNote Holdings, Inc.

Q2 2026 revenue $19.6M, down 16% YoY; subscription revenue $18.8M, down 12%; adjusted EBITDA $2.3M, $0.2M below guidance.
Net loss widened to $27.8M from $13.3M, driven by $19.1M non-cash goodwill impairment; ARR fell 13% YoY to $74.9M.
FY26 guidance cut: revenue $75-78M (was $80-83M), adjusted EBITDA $9-11M (was $14-16M); Q3 forecast rev $19-20M, EBITDA ~$3.5M.
Quarterly net revenue retention improved to 98% from 89% in Q1; Key Compton appointed CEO/President in June 2026.
PolicyNote MCP API licensed by Siemens and a U.S. tech/cloud firm; board strategic review ongoing, further divestitures possible.

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