NYSE$NOTE
Fiscalnote Holdings Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
FiscalNote reported Q1 2026 total revenues of $20.0M (-27% YoY) and a net loss of $43.6M, including a $35.6M goodwill impairment.
For the quarter ended March 31, 2026, FiscalNote reported total revenues of $20.0 million, down from $27.5 million, with subscription revenue $19.1 million. The company recorded a $35.6 million goodwill impairment; operating loss was $42.5 million. Net loss was $43.6 million versus $4.3 million in Q1 2025 when a $15.7 million gain on sale of business benefited results.
- Total revenues $20.0M (-27% YoY); subscription $19.1M.
- Goodwill impairment $35.6M drove widened operating loss.
- Net loss $43.6M vs. $4.3M prior year.
- Prior-year comp included gain on sale of Dragonfly/TimeBase units.
- Cost cuts in G&A and editorial functions.
Headline financials
Revenue & EPS history
FiscalNote · Revenue · Quarterly
$20M
Revenue by segment
FiscalNote · $30.1M total across 1 segment · Q3 2023
- Subscription Revenue$30.1M+15.3%100.0%
Forward guidance
Focus on subscription retention, federal budget impact, and path to adjusted EBITDA breakeven.
Tailwinds
- Ongoing cost reduction in operating expenses.
Headwinds
- Organic subscription revenue pressure.
- Large non-cash impairment charge.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2026
-3.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-7.6%
Avg return
30 days after
28%
5 / 18 earnings
Positive
+25.7%
Q3 2022
Best reaction
-37.9%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -1.5% | — | — | |
| Q1 2026 | -3.1% | +4.6% | — | |
| Q3 2025 | +2.0% | -9.3% | -33.7% | |
| Q1 2025 | -2.8% | +5.1% | -23.1% | |
| Q4 2024 | -4.4% | +4.7% | -30.6% | |
| Q3 2024 | -17.8% | -14.4% | -3.7% | |
| Q2 2024 | -5.8% | -7.9% | -14.4% | |
| Q1 2024 | +4.1% | +24.6% | -6.6% | |
| Q4 2023 | -17.2% | -13.8% | -36.9% | |
| Q3 2023 | -37.9% | -39.4% | -11.4% | |
| Q2 2023 | -27.2% | -18.3% | -40.0% | |
| Q1 2023 | +15.5% | +22.4% | +74.5% | |
| Q4 2022 | +5.6% | +23.9% | +0.0% | |
| Q3 2022 | +25.7% | +22.6% | +17.3% | |
| Q2 2022 | -3.3% | +1.4% | -12.9% | |
| Q1 2022 | -0.2% | -0.2% | -0.4% | |
| Q4 2021 | -0.1% | +0.0% | +0.2% | |
| Q3 2021 | -0.2% | +0.1% | -0.1% |
Discussion
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