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.)