FiscalNote Holdings, Inc. Q3 2025 Earnings Recap

NOTE Q3 2025 November 8, 2025

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FiscalNote Holdings delivered stable financial performance in Q3 2025, with revenue of $22.4 million and adjusted EBITDA exceeding expectations, signaling strong operational efficiency and growth momentum.

Earnings Per Share Miss

$-1.73 vs $-0.84 est.

-106.0% surprise

Revenue Beat

22429000 vs 22399000 est.

+0.1% surprise

Market Reaction

1-Day +0.0%

5-Day -17.32%

30-Day -34.31%

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Key Takeaways

Revenue of $22.4 million met guidance, while adjusted EBITDA reached $2.2 million, achieving a solid 10% margin for the fifth consecutive quarter.
Operating expenses reduced by approximately 8% pro forma, reflecting ongoing cost discipline and improved operational efficiency.
Annual recurring revenue (ARR) stabilized, with notable increases in enterprise win rates and contract values, indicating enhanced sales performance and revenue visibility.
Significant product innovation with over 35 major enhancements to the PolicyNote platform this year, contributing to user engagement and retention.
Balance sheet extended with four-year maturity enhancements, strengthening financial flexibility for future growth initiatives.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit NOTE on AllInvestView.