Fiscalnote Holdings Inc ( (NOTE) ) has released its Q2 earnings. Here is a breakdown of the information Fiscalnote Holdings Inc presented to its investors.
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FiscalNote Holdings Inc., a leading provider of AI-driven policy and regulatory intelligence solutions, has reported its financial results for the second quarter of 2025, showcasing its position in the policy and regulatory intelligence sector. The company’s innovative approach combines proprietary AI technology with comprehensive data to help clients manage political and business risks effectively.
In the second quarter of 2025, FiscalNote reported total revenues of $23.3 million, surpassing the guidance midpoint, and an adjusted EBITDA of $2.8 million, exceeding expectations. The company highlighted strong momentum in its PolicyNote platform and reaffirmed its full-year guidance, projecting total revenues between $94 million and $100 million and adjusted EBITDA between $10 million and $12 million.
Key financial metrics from the quarter include a 20% decline in total revenues compared to the previous year, primarily due to business divestitures. Despite this, adjusted EBITDA improved by 58% year-over-year, reflecting effective expense management and efficiency initiatives. The company also noted a significant increase in its adjusted EBITDA margin, which doubled from the previous year.
FiscalNote’s strategic initiatives included enhancements to its PolicyNote platform, expansion of its leadership team, and the sale of its Australian subsidiary, TimeBase, to Thomson Reuters. The company is focused on driving product-led growth and innovation in AI-powered policy management solutions, with a strong emphasis on customer engagement and operational improvements.
Looking forward, FiscalNote remains optimistic about returning to ARR growth in the second half of 2025, supported by improving product, customer engagement, and sales metrics. The company is committed to sustainable growth, expanding profitability, and achieving durable positive free cash flow, as it continues to navigate market volatility and execute its strategic plans.