Brief: FiscalNote Q2 Revenue USD 23.3 Million

Fiscalnote Holdings

07/08/2025 21:22

Overview

FiscalNote Q2 2025 revenue declines 20% yr/yr due to divestitures and product sunsetting

Adjusted EBITDA for Q2 2025 exceeds guidance, improving 58% yr/yr

Co reaffirms full-year 2025 guidance

Outlook

FiscalNote reaffirms 2025 revenue guidance of $94-$100 mln

Company expects 3Q 2025 revenue of $22-$23 mln

FiscalNote anticipates 2025 adjusted EBITDA of $10-$12 mln

Company sees ARR growth returning in 2H 2025

Result Drivers

DIVESTITURES - Revenue decline attributed to business divestitures, impacting subscription revenue

EXPENSE MANAGEMENT - Improved adjusted EBITDA driven by efficiency initiatives and expense management

POLICYNOTE ADOPTION - Strong customer engagement and adoption of PolicyNote platform contributing to positive momentum

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$23.30 mln
Q2 Net Income
-$13.30 mln
Q2 Adjusted EBITDA
Beat
$2.80 mln
$2.08 mln (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for FiscalNote Holdings Inc is $2.50, about 74.1% above its August 6 closing price of $0.65

Press Release: ID:nBw7NLlJKa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)