secwatch.observer — SEC 8-K summary
======================================

Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2026-08-10T21:00:17+00:00
Accession:  0001193125-26-342623
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000119312526342623/0001193125-26-342623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000119312526342623/note-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-342623

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