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.
Total revenue declined 14% to $29.5 million due to divestitures and product discontinuations.
Net loss improved to $13.4 million from $50.7 million in Q4 2023.
Gross margin expanded to 82%, up 15 percentage points year-over-year.
Adjusted EBITDA increased to $3.3 million, marking the sixth consecutive profitable quarter.
FiscalNote expects continued margin expansion and a transition towards positive free cash flow in 2025.
Visualization of income flow from segment revenue to net income