FiscalNote Holdings Inc (FRA:A2O1)

Q2 2025 FiscalNote Holdings Inc Earnings Call Transcript

Aug 7, 2025 / 09:00 PM GMT

Release Date Price: €6.3 (+0.96%)

Transcript 10-Q8-K

Key Points

Positve

FiscalNote Holdings Inc (NOTE) exceeded guidance with an adjusted EBITDA of $2.8 million, reflecting a margin increase to 12% from 4% in the same period last year.
The company successfully refinanced its senior term loan, extending maturity to 2029, providing long-term financial stability.
Revenue for Q2 2025 was $23.3 million, surpassing the guidance midpoint, and the company reaffirmed its full-year guidance.
Strong demand for FiscalNote's products is translating into improvements in new logo sales, with a 45% increase in the corporate new logo pipeline from Q1 to Q2.
Policy Note, a new platform, has more daily active users than the legacy platform, indicating strong customer engagement and potential for improved retention.

Negative

Annual recurring revenue (ARR) declined to $85.9 million from $93.6 million in 2024, reflecting challenges in new logo and sales funnel execution.
Net revenue retention dropped to 96% from 98% in the prior year, indicating ongoing retention issues with legacy products.
The company faces instability in the US federal sector, impacting organic ARR and revenue growth.
Despite improvements, growth has not yet resumed, and the company acknowledges unacceptable execution challenges earlier in the year.
Cash interest expense will increase slightly due to the refinancing, although it is expected to be offset by streamlined operations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NOTE.N - Fiscalnote Holdings Inc
Q2 2025 FiscalNote Holdings Inc Earnings Call
Aug 07, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and my name is Chris, and I will be your conference operator today. At this time, I would like to welcome everyone to.

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Unidentified_2 [2]
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The fiscal note Holdings Incorporated.

Good evening. My name is Bob Burroughs, investor relations for fiscal notes, and we are pleased you all could join us. The purpose of today's call is to discuss fiscal notes 2nd quarter, 2025 financial results and guidance for both the full year and third quarter of 2025.

Joining me with prepared comments are Josh

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