FiscalNote Holdings (NOTE) reported second-quarter 2026 revenue of $19.6 million, down 16% from $23.3 million a year earlier. Net loss was $27.8 million, compared with $13.3 million in the prior-year quarter, including a $19.1 million goodwill impairment charge.
The company said revenue was in line with guidance, while adjusted EBITDA of $2.3 million was $0.2 million below guidance. FiscalNote issued third-quarter revenue guidance of $19 million to $20 million and revised its full-year 2026 revenue outlook to $75 million to $78 million.
- Subscription revenue was $18.8 million and represented 96% of total revenue.
- Quarterly net revenue retention improved to 98% from 89% in the first quarter.
- Full-year adjusted EBITDA guidance was revised to $9 million to $11 million, from $14 million to $16 million.
- The board continues to review strategic options, including potential divestitures of non-core assets.
