FiscalNote Holdings Q2 revenue falls 20% due to divestitures

Reuters
Aug 08
<a href="https://laohu8.com/S/NOTE">FiscalNote Holdings</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls 20% due to divestitures

Overview

  • FiscalNote Q2 2025 revenue declines 20% yr/yr due to divestitures and product sunsetting

  • Adjusted EBITDA for Q2 2025 exceeds guidance, improving 58% yr/yr

  • Co reaffirms full-year 2025 guidance

Outlook

  • FiscalNote reaffirms 2025 revenue guidance of $94-$100 mln

  • Company expects 3Q 2025 revenue of $22-$23 mln

  • FiscalNote anticipates 2025 adjusted EBITDA of $10-$12 mln

  • Company sees ARR growth returning in 2H 2025

Result Drivers

  • DIVESTITURES - Revenue decline attributed to business divestitures, impacting subscription revenue

  • EXPENSE MANAGEMENT - Improved adjusted EBITDA driven by efficiency initiatives and expense management

  • POLICYNOTE ADOPTION - Strong customer engagement and adoption of PolicyNote platform contributing to positive momentum

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$23.30 mln

Q2 Net Income

-$13.30 mln

Q2 Adjusted EBITDA

Beat

$2.80 mln

$2.08 mln (5 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for FiscalNote Holdings Inc is $2.50, about 74.1% above its August 6 closing price of $0.65

Press Release: ID:nBw7NLlJKa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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