Exceeding Financial Expectations
FiscalNote reported Q1 2025 revenue of $27.5 million, exceeding the forecast of $26 million to $27 million. Adjusted EBITDA was $2.8 million, surpassing the guidance of approximately $2 million.
Improved Adjusted EBITDA Margin
Adjusted EBITDA margin in Q1 2025 was 10%, compared to 4% in the same period one year earlier, reflecting improved operating leverage.
Significant Debt Reduction
FiscalNote reduced its senior term loan by $96 million since December 31, 2023, decreasing cash interest expense from $5 million to $2 million per quarter.
Strong Pipeline Growth
Inbound pipeline rose 20% compared to the same period last year, with notable traction in Europe where pipeline creation doubled compared to 2024.
PolicyNote Platform Success
The new PolicyNote platform is contributing to significant improvements in customer engagement, with 75% of migrated at-risk accounts now healthy and high engagement levels overall.
Increased Multi-Year Agreements
New corporate customers committed to multi-year agreements at more than double the rate of a year ago, indicating trust in the platform and its future developments.