NYSE$NOTE
Fiscalnote Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
FiscalNote reported lower revenue but improved profitability in Q4 2024.
FiscalNote Holdings, Inc. posted Q4 2024 revenue of $29.5 million, down 14% year-over-year, due to divestitures and discontinued products. However, the company improved its profitability, reporting an adjusted EBITDA of $3.3 million and a net loss reduction to $13.4 million. Gross margin increased significantly to 82%, supported by operational efficiencies and a streamlined business model.
- Total revenue declined 14% to $29.5 million due to divestitures and product discontinuations.
- Net loss improved to $13.4 million from $50.7 million in Q4 2023.
- Gross margin expanded to 82%, up 15 percentage points year-over-year.
- Adjusted EBITDA increased to $3.3 million, marking the sixth consecutive profitable quarter.
Headline financials
Revenue & EPS history
FiscalNote · Revenue · Quarterly
$29.5M
Revenue by segment
FiscalNote · $30.1M total across 1 segment · Q3 2023
- Subscription Revenue$30.1M+15.3%100.0%
Forward guidance
FiscalNote expects continued margin expansion and a transition towards positive free cash flow in 2025.
Tailwinds
- Projected adjusted EBITDA margins expected to double in FY25.
- Divestitures of non-core businesses to improve operational efficiency.
- Launch of AI-powered PolicyNote platform to drive customer engagement.
- Further debt reduction planned to strengthen financial position.
- Increased focus on core policy business to support long-term growth.
Headwinds
- Revenue expected to decline in FY25 due to divestitures and product sunsetting.
- Macroeconomic volatility may impact corporate and public sector spending.
- Potential regulatory and policy changes affecting business operations.
- Ongoing operational restructuring may cause short-term disruptions.
- Competitive pressures in the AI-driven SaaS and policy intelligence market.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q4 2024
-3.8%
Avg return
Earnings day
-2.1%
Avg return
5 days after
-11.4%
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 |
|---|---|---|---|---|
| Q1 2026 | -3.1% | +4.6% | — | |
| Q4 2025 | -1.5% | -42.9% | -72.3% | |
| 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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