Filing Flows › FiscalNote Holdings (NOTE) › Q1 2026
FiscalNote Holdings (NOTE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
FiscalNote Holdings (NOTE) reported revenue of $20.0M for the first quarter 2026 (Q1 2026), -27% from a year earlier and -10% from the quarter before. Operating margin was -212.3%, net loss $43.6M (217.8% of revenue).
FiscalNote Holdings, Q1 2026: revenue $20.0M (-27% year over year), operating margin -212.3%, net loss $43.6M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.0M | -10% | -27% |
| Operating profit | −$42.5M | — | — |
| Net earnings | −$43.6M | — | — |
| Operating cash flow | $3.0M | — | -8% |
| Free cash flow | $1.4M | — | +5% |
What changed
Revenue was $20.0M in Q1 2026, down 27% year over year and down 10% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription lost $6.2M year over year (down 24%), 83% of the total change.
Operating costs exceeded revenue by $42.5M, an operating margin of -212.3%. Total costs grew 52% against a revenue fall of 27%. The fastest-growing cost line was Other operating costs (+221%). The quarter ended with a net loss of $43.6M, wider than the previous quarter's $22.9M loss.
Operating cash flow was $3.0M (down 8% year over year). Non-cash charges added back $2.1M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $41.5M. Capital expenditures of $1.7M left free cash flow of $1.4M.
Questions
What was FiscalNote Holdings' revenue in the first quarter 2026?
FiscalNote Holdings (NOTE) reported revenue of $20.0M for the first quarter 2026 (Q1 2026), -27% from a year earlier and -10% from the quarter before.
Was FiscalNote Holdings profitable in the first quarter 2026?
Operating loss was $42.5M (-212.3% of revenue) and net loss $43.6M.