The earnings call reflects a company in transition with notable positive developments in financial stability and product engagement. However, challenges remain with declining ARR and sector-specific instability. Positive trends in new logo sales and user engagement in the new platform are encouraging, but execution and retention issues need resolution.

Company Guidance

During the FiscalNote Holdings, Inc. second quarter 2025 earnings call, the company provided an optimistic guidance, projecting a return to annual recurring revenue (ARR) growth in the latter half of 2025. The second quarter ended with revenue at $23.3 million, exceeding the midpoint of guidance, and an adjusted EBITDA of $2.8 million, reflecting a 12% adjusted EBITDA margin. The company reaffirmed its full-year revenue forecast of $94 million to $100 million, with an adjusted EBITDA range of $10 million to $12 million. Key performance indicators such as ARR stood at $85.9 million, and net revenue retention (NRR) was 96%. FiscalNote expects improvements in retention metrics, driven by strong customer engagement with its new PolicyNote platform, which has surpassed its legacy platform in daily active users. The company also highlighted significant progress in signing multiyear commitments with new clients, which is anticipated to enhance gross retention by 2026.

Adjusted EBITDA Margin Improvement

FiscalNote delivered an adjusted EBITDA of $2.8 million in Q2, exceeding guidance and increasing the margin to 12%, up from 4% in the same period last year.

Successful Refinancing of Senior Term Loan

Refinancing of the senior term loan was announced, with maturity extended to 2029, provided exclusively by MGG Investment Group, improving financial stability and operational flexibility.

Positive Trends in New Logo Sales

Quarter-over-quarter improvement of 400 basis points in corporate win rates and a significant increase in average contract value, particularly with large corporate customers.

PolicyNote User Engagement Increase

PolicyNote now has more daily active users than the legacy platform, with a 30% increase in average usage by customers at the end of their first quarter compared to the midpoint.

Doubling Rate of Multiyear Commitments

On a year-over-year basis, FiscalNote more than doubled the rate at which new private sector customers signed multiyear commitments, indicating strong customer trust.

FiscalNote Holdings (NOTE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NOTE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	-0.06 / -	-0.11	―	―	―
Aug 07, 2025	2025 (Q2)	-0.06 / -0.08	-0.09	11.11% (<+0.01)
May 12, 2025	2025 (Q1)	-0.07 / -0.03	0.37	-108.11% (-0.40)
Mar 13, 2025	2024 (Q4)	-0.08 / -0.10	-0.39	74.36% (+0.29)
Nov 12, 2024	2024 (Q3)	-0.08 / -0.11	-0.11	0.00% (0.00)
Aug 08, 2024	2024 (Q2)	-0.07 / -0.09	-0.23	60.87% (+0.14)
May 09, 2024	2024 (Q1)	-0.07 / 0.37	-0.14	364.29% (+0.51)
Mar 12, 2024	2023 (Q4)	-0.11 / -0.39	-0.32	-21.88% (-0.07)
Nov 14, 2023	2023 (Q3)	-0.12 / -0.11	-1.63	93.25% (+1.52)
Aug 09, 2023	2023 (Q2)	-0.11 / -0.23	-3.06	92.48% (+2.83)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NOTE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$0.63	$0.57	-9.52%
May 12, 2025	$0.65	$0.66	+1.54%
Mar 13, 2025	$0.96	$0.92	-4.17%
Nov 12, 2024	$0.88	$0.77	-12.50%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does FiscalNote Holdings (NOTE) report earnings?

FiscalNote Holdings (NOTE) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is FiscalNote Holdings (NOTE) earnings time?

FiscalNote Holdings (NOTE) earnings time is at Nov 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NOTE EPS forecast?

NOTE EPS forecast for the fiscal quarter 2025 (Q3) is -0.06.

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