FiscalNote Holdings Sells Australian Subsidiary to Thomson Reuters

FiscalNote Holdings ( (NOTE) ) just unveiled an update.

On May 2, 2025, FiscalNote Holdings announced the sale of its Australian subsidiary, TimeBase Pty. Ltd., to Thomson Reuters for $6.5 million. The proceeds will be used to reduce debt and improve the company’s financial position. Despite this divestiture, FiscalNote reaffirms its financial forecast for 2025, projecting revenues of $94-$100 million and adjusted EBITDA of $10-$12 million. The sale is part of FiscalNote’s strategy to streamline operations and focus on its core business, enhancing its path to positive free cash flow and long-term growth.

Spark’s Take on NOTE Stock

According to Spark, TipRanks’ AI Analyst, NOTE is a Neutral.

FiscalNote Holdings faces significant financial challenges with consistent losses and operational inefficiencies, as reflected in its low financial performance score. Technical indicators point to bearish momentum, further impacting the stock’s outlook. While the earnings call presents a cautiously optimistic view with improvements in profitability and debt management, the overall stock score remains low due to persistent financial and market challenges.

To see Spark’s full report on NOTE stock, click here.

More about FiscalNote Holdings

FiscalNote Holdings, Inc. is a leading provider of AI-driven policy and regulatory intelligence solutions, helping customers manage political and business risks through proprietary AI technology and comprehensive data. The company serves thousands of customers worldwide with a suite of solutions including PolicyNote, CQ, Roll Call, and VoterVoice, and operates global offices in North America, Europe, Asia, and Australia.

YTD Price Performance: -37.40%

Average Trading Volume: 2,639,013

Technical Sentiment Signal: Buy

Current Market Cap: $100.7M

Learn more about NOTE stock on TipRanks’ Stock Analysis page.