Quarterly ResultMay 7, 2026, 05:02 PM
FiscalNote Q1 Revenue $20.0M, Adjusted EBITDA $1.0M; Reaffirms FY26 Guidance
AI Summary
FiscalNote Holdings, Inc. announced its first quarter 2026 financial results, reporting total revenues of $20.0 million and Adjusted EBITDA of $1.0 million, both in line with guidance. Despite a significant net loss of $(43.6) million due to a goodwill impairment and a 14% decline in Annual Recurring Revenue, the company reaffirmed its full-year 2026 guidance and expects to achieve positive free cash flow on a next-twelve-month basis starting April 1, 2026. The company also highlighted new product initiatives in agentic AI and political prediction markets, and its Board continues to explore strategic options.
Key Highlights
- FiscalNote reported Q1 2026 total revenues of $20.0 million, a 27% decrease from Q1 2025.
- Adjusted EBITDA for Q1 2026 was $1.0 million, meeting guidance.
- Net loss for Q1 2026 was $(43.6) million, significantly higher than $(4.3) million in Q1 2025, primarily due to a $35.6 million goodwill impairment.
- Annual Recurring Revenue (ARR) declined 14% to $75.7 million as of March 31, 2026.
- The company reaffirmed its full year 2026 revenue guidance of $80 to $83 million and Adjusted EBITDA of $14 to $16 million.
- FiscalNote forecasts Q2 2026 revenue of $19.5 to $20.5 million and Adjusted EBITDA of approximately $2.5 million.
- The company expects to generate positive free cash flow on a next-twelve-month basis starting April 1, 2026.
- The Board of Directors continues to review all strategic options, including a potential re-listing on a national securities exchange.