FiscalNote Holdings Inc (OTCPK:NOTE)

Q4 2025 FiscalNote Holdings Inc Earnings Call Transcript

Mar 19, 2026 / 09:00 PM GMT

Release Date Price: $0.9231 (-2.83%)

Transcript 10-K8-K

Key Points

Positve

FiscalNote Holdings Inc (NOTE) achieved a significant milestone by transitioning all customers from the legacy platform to the new Policy Note platform, indicating strong engagement and improved retention.
The company has successfully reduced cash operating expenses by over 19% and plans to achieve positive free cash flow by the end of Q1 2027.
FiscalNote Holdings Inc (NOTE) is leveraging AI to enhance productivity, with 100% adoption of AI tooling across its engineering organization, resulting in faster development cycles.
The company is expanding into high-growth markets such as prediction markets and AI-driven consumption, which are expected to provide new revenue streams.
FiscalNote Holdings Inc (NOTE) has improved its operating leverage, with adjusted EBITDA margins expected to exceed 20% in 2026, doubling compared to the previous year.

Negative

The company experienced a decline in annual recurring revenue (ARR) and GAAP revenue due to strategic divestitures and non-renewals from legacy products.
Some large enterprise customers chose to cancel without migrating to the new Policy Note platform, partly due to macroeconomic pressures and internal deadlines.
FiscalNote Holdings Inc (NOTE) recorded a GAAP net loss of $22.9 million in Q4 2025, including a non-cash goodwill impairment charge of $12.4 million.
The company faces challenges in maintaining customer engagement and retention during the transition to the new platform, with some headwinds from broader economic conditions.
There is uncertainty regarding the timing of revenue contribution from new initiatives like prediction markets, which may take time to gain traction and generate significant revenue.

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

NOTE.N - Fiscalnote Holdings Inc
Q4 2025 FiscalNote Holdings Inc Earnings Call
Mar 19, 2026 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, good afternoon. My name is Abby, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Fiscal Noe Holdings Incorporated 4th quarter and full year 2025 financial results conference call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press 1 a second time.

Thank you, and with that I would now like to turn the call over to the company to begin the conference.

-----------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.