Filing Flows › FiscalNote Holdings (NOTE) › Q3 2026 › vs Q3 2025
FiscalNote Holdings (NOTE) Q3 2026 vs Q3 2025 (year over year)
FiscalNote Holdings's revenue fell $3.8M (-17%) from $22.4M in Q3 2025 to $18.7M in Q3 2026. The biggest changes: Subscription −$3.1M (-15%); Non-Subscription −$641K (-51%).
FiscalNote Holdings, Q3 2026: revenue $18.7M (-17% year over year), operating margin -5.6%, net loss $5.9M, operating cash flow −$6.2M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Other Revenue | $282K | $617K | −$335K | -54% |
| Advertising | $227K | $282K | −$55K | -20% |
| Advisory | $97K | $348K | −$251K | -72% |
| Non-Subscription | $606K | $1.2M | −$641K | -51% |
| Subscription | $18.1M | $21.2M | −$3.1M | -15% |
| Revenue | $18.7M | $22.4M | −$3.8M | -17% |
| Net loss | $5.9M | $24.9M | −$19.0M | -76% |
| Costs & expenses | $24.5M | $47.5M | −$23.0M | -48% |
| Operating costs | $19.7M | $32.2M | −$12.5M | -39% |
| Interest & other, net | $4.8M | $15.4M | −$10.5M | -68% |
| Income tax | $3K | −$237K | $240K | — |
| Research & development | $1.7M | $2.1M | −$383K | -18% |
| Sales & marketing | $3.9M | $6.3M | −$2.4M | -38% |
| General & admin | $6.3M | $13.9M | −$7.6M | -55% |
| Other operating costs | $7.8M | $9.9M | −$2.1M | -21% |
| Operating cash sources | $8.6M | $14.1M | −$5.5M | -39% |
| Depreciation & amortization | $2.1M | $2.2M | −$96K | -4% |
| Share-based compensation | $290K | $3.6M | −$3.3M | -92% |
| Cash used in operations | $6.2M | $8.3M | −$2.0M | -25% |
| Net loss absorbed | $5.9M | $24.9M | −$19.0M | -76% |
| Working capital & other | $2.7M | −$10.8M | $13.5M | — |
Questions
How much did FiscalNote Holdings's revenue grow year over year in Q3 2026?
FiscalNote Holdings's revenue fell $3.8M (-17%) from $22.4M in Q3 2025 to $18.7M in Q3 2026.
What drove FiscalNote Holdings's revenue change in Q3 2026?
Subscription −$3.1M (-15%); Non-Subscription −$641K (-51%).