Filing Flows › FiscalNote Holdings (NOTE) › Q2 2026 › vs Q2 2025
FiscalNote Holdings (NOTE) Q2 2026 vs Q2 2025 (year over year)
FiscalNote Holdings's revenue fell $3.7M (-16%) from $23.3M in Q2 2025 to $19.6M in Q2 2026. The biggest changes: Subscription −$2.6M (-12%); Non-Subscription −$1.1M (-59%).
FiscalNote Holdings, Q2 2026: revenue $19.6M (-16% year over year), operating margin -123.0%, net loss $27.8M, operating cash flow −$2.1M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Advertising | $335K | $500K | −$165K | -33% |
| Other Revenue | $245K | $1.1M | −$826K | -77% |
| Advisory | $201K | $313K | −$112K | -36% |
| Non-Subscription | $781K | $1.9M | −$1.1M | -59% |
| Subscription | $18.8M | $21.4M | −$2.6M | -12% |
| Revenue | $19.6M | $23.3M | −$3.7M | -16% |
| Income tax benefit | $88K | $795K | −$707K | -89% |
| Net loss | $27.8M | $13.3M | $14.6M | +110% |
| Costs & expenses | $47.5M | $37.3M | $10.2M | +27% |
| Operating costs | $43.7M | $30.7M | $13.0M | +42% |
| Interest & other, net | $3.8M | $6.6M | −$2.8M | -42% |
| Research & development | $1.6M | $2.3M | −$687K | -30% |
| Sales & marketing | $4.5M | $6.7M | −$2.2M | -33% |
| General & admin | $9.2M | $11.4M | −$2.1M | -19% |
| Other operating costs | $28.4M | $10.4M | $18.0M | +174% |
| Operating cash sources | $27.8M | $13.3M | $14.6M | +110% |
| Depreciation & amortization | $2.1M | $2.2M | −$59K | -3% |
| Share-based compensation | $828K | $4.0M | −$3.1M | -79% |
| Working capital & other | $22.8M | $945K | $21.8M | 24× |
| Cash used in operations | $2.1M | $6.2M | −$4.1M | -66% |
| Net loss absorbed | $27.8M | $13.3M | $14.6M | +110% |
Questions
How much did FiscalNote Holdings's revenue grow year over year in Q2 2026?
FiscalNote Holdings's revenue fell $3.7M (-16%) from $23.3M in Q2 2025 to $19.6M in Q2 2026.
What drove FiscalNote Holdings's revenue change in Q2 2026?
Subscription −$2.6M (-12%); Non-Subscription −$1.1M (-59%).