Filing Flows › FiscalNote Holdings (NOTE) › Q2 2026
FiscalNote Holdings (NOTE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
FiscalNote Holdings (NOTE) reported revenue of $19.6M for the second quarter 2026 (Q2 2026), -16% from a year earlier and -2% from the quarter before. Operating margin was -123.0%, net loss $27.8M (142.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.6M | -2% | -16% |
| Operating profit | −$24.1M | — | — |
| Net earnings | −$27.8M | — | — |
| Operating cash flow | −$2.1M | -170% | — |
What changed
Revenue was $19.6M in Q2 2026, down 16% year over year and down 2% from the previous quarter. Subscription was the largest line at 96% of revenue. Subscription lost $2.6M year over year (down 12%), 70% of the total change.
Operating costs exceeded revenue by $24.1M, an operating margin of -123.0%. Total costs grew 42% against a revenue fall of 16%. The fastest-growing cost line was Other operating costs (+174%). The quarter ended with a net loss of $27.8M, narrower than the previous quarter's $43.6M loss.
Operating cash flow was −$2.1M. Non-cash charges added back $2.1M of depreciation and amortization and $828K of share-based compensation. Working capital and other items added $22.8M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$3.8M.
Questions
What was FiscalNote Holdings' revenue in the second quarter 2026?
FiscalNote Holdings (NOTE) reported revenue of $19.6M for the second quarter 2026 (Q2 2026), -16% from a year earlier and -2% from the quarter before.
Was FiscalNote Holdings profitable in the second quarter 2026?
Operating loss was $24.1M (-123.0% of revenue) and net loss $27.8M.