NYSE$NOTE

Fiscalnote Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

FiscalNote reported Q2 2025 results with total revenues of $23.3 million and a net loss of $13.3 million.

The company posted subscription revenue of $21.4 million and advisory/advertising/other revenue of $1.9 million for the three months ended June 30, 2025. Operating loss was $7.4 million and net loss attributable to common shareholders was $13.3 million, or $(0.08) per share. Cash and cash equivalents stood at $34.0 million with total assets of $288.3 million at quarter end.

  • Total revenues declined 20.5% year-over-year to $23.3 million, primarily due to the sale of Dragonfly and Oxford Analytica.
  • Subscription revenue, representing 92% of total, was $21.4 million for the quarter.
  • Net loss widened slightly to $13.3 million from $12.8 million in Q2 2024.
  • ARR at June 30, 2025 was $85.9 million following recent business dispositions.

Headline financials

Total Revenue

$23.3M

Previous: $29.2M-20.5%
EPS (adj)

-$0.08

Previous: -$0.09+11.1%
ARR at period end

$85.9M

No prior period
Net Income

-$13.3M

Previous: -$12.8M-4.0%
Operating Income

-$7.43M

Previous: -$7.96M+6.6%
Cash & Equivalents

$34M

Previous: $30.6M+11.0%
Total Assets

$288M

Previous: $346M-16.7%

Revenue & EPS history

FiscalNote · Revenue · Quarterly

$23.3M

Q2 2025-20.5%vs Q2 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

FiscalNote · $23.3M total across 2 segments · Q2 2025

  • Subscription
    $21.4M
  • Advisory, advertising, and other
    $1.88M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
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%

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