FiscalNote Earnings Reports

FiscalNote Holdings, Inc. posted Q4 2024 revenue of $29.5 million, down 14% year-over-year, due to divestitures and discontinued products. However, the company improved its profitability, reporting an adjusted EBITDA of $3.3 million and a net loss reduction to $13.4 million. Gross margin increased significantly to 82%, supported by operational efficiencies and a streamlined business model.

FiscalNote reported Q3 2024 financial results, exceeding forecasts with total revenues of $29.4 million and adjusted EBITDA of $3.4 million. The company raised its full year 2024 adjusted EBITDA guidance and continues to focus on deleveraging its balance sheet and simplifying its product portfolio.

FiscalNote reported strong Q2 2024 results, exceeding previous forecasts with total revenues of $29.2 million and adjusted EBITDA of $1.8 million. The company marked its fourth consecutive quarter of positive adjusted EBITDA and its first year of positive adjusted EBITDA on a trailing LTM basis. They are focused on AI product strategy and roadmap.

FiscalNote reported Q1 2024 total revenues of $32.1 million and adjusted EBITDA of $1.2 million, both slightly exceeding previously provided guidance. The company also reaffirmed its forecast for FY 2024 and issued a forecast for Q2 2024. They successfully completed Board.org divestiture for a total consideration of up to $103.0 million and are accelerating its strategy of developing revolutionary AI Copilots.

FiscalNote's Q4 2023 financial results showed revenue growth of 9% to $34.3 million, with a positive adjusted EBITDA of $3.0 million. The company divested Board.org for up to $103 million, enhancing its balance sheet and enabling senior debt repayment.

FiscalNote announced its Q3 2023 financial results, marking its first quarter of Adjusted EBITDA profitability, one quarter earlier than initially forecast. Revenue increased by 17% year-over-year to $34.0 million, driven by ongoing demand for FiscalNote’s trusted, AI-enabled global policy and market intelligence.

FiscalNote reported a 21% increase in revenue to $32.8 million for Q2 2023, driven by strong subscription revenue growth. The company is accelerating its path to profitability and now expects to be profitable on an Adjusted EBITDA basis in Q3 2023, one quarter earlier than previously guided.

FiscalNote reported a 21% increase in revenue to $31.5 million for Q1 2023, driven by durable recurring revenue and high gross margins. The company reiterates its 2023 guidance and expects to be profitable in Q4 2023 on an Adjusted EBITDA basis.

FiscalNote's Q4 2022 results demonstrated strong fundamentals with revenue increasing 29% to $31.4 million and a gross profit of $23.1 million, representing a 73% gross margin. The company's durable revenue growth was driven by a diversified customer base, strong net retention, and strategic M&A.

FiscalNote reported a 34% increase in revenue to $29.1 million for Q3 2022, driven by strong annual recurring revenue. The company's GAAP net loss was $109 million, which included non-cash items related to its public listing. They reiterate that they remain on track to achieve positive Adjusted EBITDA in the fourth quarter of 2023.

FiscalNote reported a 41% increase in total revenue compared to the second quarter of 2021. The company is excited to be a public company and remains focused on sustainable growth, reiterating achieving positive Adjusted EBITDA for the fourth quarter of 2023.