FiscalNote Holdings, Inc.

FiscalNote Holdings, Inc. earnings

NOTE

22 quarterly earnings reports from Q1 FY2021 to Q2 FY2026: Summary, reported figures, guidance, risks and SaaS KPIs.

Quarterly reports

Q2 FY2026
Quarter ended Jun 2026

FiscalNote reported second quarter 2026 revenue of $19.6 million, down 15.8% from the prior-year quarter. Year-to-date revenue was $39.6 million, down 22.0% from the prior-year period. The top line remains under pressure from customer retention challenges, federal government cuts, and the loss of divested businesses.

8 KPIs4 guidance items7 risks
$19.6M
Revenue · -15.8% YoY
Op. margin -123.0%
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Q1 FY2026
Quarter ended Mar 2026

FiscalNote opened fiscal 2026 with a steeper decline than the prior-year quarter. Total revenue fell 27.2% to $20.02 million. The net loss widened to $43.61 million, and diluted loss per share was $2.39. Operating loss widened to $42.51 million, and operating margin was negative 212.3%.

7 KPIs7 guidance items9 risks
$20.0M
Revenue · -27.2% YoY
Op. margin -212.3%
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Q4 FY2025
Quarter ended Dec 2025

FiscalNote ended fiscal 2025 with a smaller, more indebted business. Fourth quarter revenue fell 24.7% to $22.20 million, and full year revenue declined 20.7% to $95.41 million.

1 KPIs9 guidance items11 risks
$22.2M
Revenue · -24.7% YoY
Op. margin -83.7%
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Q3 FY2025
Quarter ended Sep 2025

FiscalNote's fiscal 2025 third quarter showed pressure on nearly every major financial line. Revenue was $22.43 million for the quarter, down 23.8% from $29.44 million in the prior-year quarter. Year to date revenue was $73.20 million, down 19.4% from $90.80 million.

6 KPIs3 guidance items4 risks
$22.4M
Revenue · -23.8% YoY
Op. margin -43.4%
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Q2 FY2025
Quarter ended Jun 2025

FiscalNote reported second-quarter revenue of $23.26 million, down 20.5% from the prior-year quarter. The decline reflects divested businesses and sunset products, and the quarter includes Timebase, which was sold on July 1, 2025.

9 KPIs6 guidance items6 risks
$23.3M
Revenue · -20.4% YoY
Op. margin -31.9%
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Q1 FY2025
Quarter ended Mar 2025

FiscalNote's first quarter of fiscal 2025 was defined by shrinking revenue and a swing to a net loss, even as cost cuts lifted adjusted profitability. Total revenue for the quarter ended March 31, 2025 fell 14.3% to $27.5 million from $32.1 million in the prior-year quarter.

9 KPIs4 guidance items9 risks
$27.5M
Revenue · -14.3% YoY
Op. margin -50.0%
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Q4 FY2024
Quarter ended Dec 2024

FiscalNote closed FY2024 Q4 with revenue of $29.47 million, down 14.0% from the prior-year quarter. Full-year revenue was $120.27 million, down 9.3%. The operating loss narrowed to $5.73 million in Q4, and the full-year operating loss narrowed to $31.94 million.

2 KPIs11 risks
$29.5M
Revenue · -14.0% YoY
Op. margin -19.4%
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Q3 FY2024
Quarter ended Sep 2024

FiscalNote reported total revenues of $29.44 million for the third quarter of 2024, down 13.4% from the prior-year quarter. Year-to-date revenue was $90.80 million, down 7.7%. The operating loss was $6.81 million, up 49.4% from the prior-year quarter as the loss narrowed.

10 KPIs5 guidance items7 risks
$29.4M
Revenue · -13.4% YoY
Op. margin -23.1%
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Q2 FY2024
Quarter ended Jun 2024

FiscalNote reported second quarter 2024 total revenue of $29.25 million, down 10.9% from the prior-year quarter. Year-to-date revenue was $61.36 million, down 4.7%. The March 11, 2024 sale of Board.org distorts both comparisons, since the disposed business still contributed to the prior-year periods.

7 KPIs5 guidance items6 risks
$29.2M
Revenue · -10.9% YoY
Op. margin -27.2%
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Q1 FY2024
Quarter ended Mar 2024

FiscalNote reported first quarter fiscal 2024 total revenues of $32.1 million, up 1.8% from the prior-year quarter. The company posted an operating loss of $11.4 million, narrower than the prior-year quarter. Net income was $50.6 million, a swing to profit from a loss in the prior-year quarter. Diluted EPS was $0.37.

10 KPIs7 guidance items8 risks
$32.1M
Revenue · +1.9% YoY
Op. margin -35.6%
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Q4 FY2023
Quarter ended Dec 2023

FiscalNote's fourth-quarter revenue rose 9.0% to $34.26 million. Full-year revenue rose 16.6% to $132.64 million. The top line expanded, but the company still reported large losses. The fourth-quarter operating loss widened to $39.93 million. The full-year operating loss also widened, reaching $97.74 million.

3 KPIs14 risks
$34.3M
Revenue · +8.9% YoY
Op. margin -116.5%
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Q3 FY2023
Quarter ended Sep 2023

FiscalNote Holdings reported third quarter 2023 revenue of $34.01 million, up 17.0% from $29.07 million in the prior-year quarter. Year-to-date revenue reached $98.38 million, up 19.5% from $82.32 million.

18 KPIs10 guidance items4 risks
$34.0M
Revenue · +17.0% YoY
Op. margin -39.6%
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Q2 FY2023
Quarter ended Jun 2023

FiscalNote reported second quarter revenue of $32.8 million, up 20.9% from the prior-year quarter, and year-to-date revenue of $64.4 million, up 20.9%. Subscription revenue made up roughly 90% of the total. Profitability on a GAAP basis stayed negative.

10 KPIs6 guidance items6 risks
$32.8M
Revenue
Op. margin -51.7%
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Q1 FY2023
Quarter ended Mar 2023

FiscalNote Holdings reported first quarter 2023 revenue of $31.5 million, up 21% from the prior-year quarter. The company said the result was consistent with the guidance range it previously provided. Subscription revenue makes up about 90% of total revenue.

12 KPIs11 guidance items8 risks
$31.5M
Revenue
Op. margin -86.8%
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Q4 FY2022
Quarter ended Dec 2022

FiscalNote closed fiscal 2022 with fourth-quarter revenue of $31.45 million, up 28.6% from $24.46 million in the prior-year quarter. Full-year revenue reached $113.76 million, up 37.2% from $82.91 million. That full-year total sat within the previously provided guidance range of $112 million to $114 million.

9 KPIs3 guidance items16 risks
$31.4M
Revenue
Op. margin -63.3%
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Q3 FY2022
Quarter ended Sep 2022

FiscalNote reported third quarter 2022 revenue of $29.1 million, up 33.5% from $21.8 million in the prior-year quarter. Year-to-date revenue reached $82.3 million, up 40.8% from $58.5 million. The top line benefited from acquisitions and organic growth, but GAAP profitability moved sharply the other way.

13 KPIs4 guidance items6 risks
$29.1M
Revenue
Op. margin -151.8%
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Q2 FY2022
Quarter ended Jun 2022

FiscalNote's second quarter paired healthy top-line growth with a deeper GAAP loss. Total revenue for the quarter ended June 30, 2022 was $27.2 million, up 41% from the prior-year quarter. Revenue for the first six months reached $53.2 million. The bottom line went the other way.

5 KPIs4 guidance items
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Q1 FY2022
Quarter ended Mar 2022

Duddell Street Acquisition Corp. is a blank check company incorporated in the Cayman Islands. For the quarter ended March 31, 2022, the reported figures show revenue of $26.1 million and an operating loss of $1.92 million, which widened from a loss of $0.25 million in the prior-year quarter.

6 risks
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Q4 FY2021
Quarter ended Dec 2021

Duddell Street Acquisition Corp reported revenue of $24.46 million for the quarter ended December 31, 2021 and $82.91 million for the full year. The company posted an operating loss of $2.58 million in the quarter and $5.94 million for the year.

1 guidance items12 risks
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Q3 FY2021
Quarter ended Sep 2021

Duddell Street Acquisition Corp closed the September 30, 2021 quarter as a blank check company with no operating business, yet its reported figures show revenue of $21.77 million for the quarter and $58.45 million for the nine months ended September 30, 2021.

4 risks
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Q2 FY2021
Quarter ended Jun 2021

Duddell Street Acquisition Corp. is a blank check company with no operating revenue. Its FY2021 second quarter ended June 30, 2021, produced net income of $1.96 million. Diluted earnings per share for the quarter were $0.27.

5 risks
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Q1 FY2021
Quarter ended Mar 2021

Duddell Street Acquisition Corp., a blank check company, reported net income of $3.5 million for the first quarter of fiscal 2021, which ended March 31, 2021. The quarter also produced an operating loss of $0.25 million. Diluted earnings per share came to $0.46. Operating cash flow was negative $0.09 million.

7 risks
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Summaries, guidance, risks and KPIs are generated from the company's SEC filings (10-Q / 10-K and the 8-K earnings release) and checked against the reported XBRL figures. They can contain errors; the filings are authoritative.