Filing Flows › FiscalNote Holdings (NOTE) › Q4 2024
FiscalNote Holdings (NOTE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 1, 2025
FiscalNote Holdings (NOTE) reported revenue of $29.5M for the fourth quarter 2024 (Q4 2024), -14% from a year earlier and +0.1% from the quarter before. Operating margin was -19.4%, net loss $13.4M (45.4% of revenue).
FiscalNote Holdings, Q4 2024: revenue $29.5M (-14% year over year), operating margin -19.4%, net loss $13.4M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.5M | +0.1% | -14% |
| Operating profit | −$5.7M | — | — |
| Net earnings | −$13.4M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $29.5M in Q4 2024, down 14% year over year and roughly flat from the previous quarter. Subscription was the largest line at 92% of revenue.
Operating costs exceeded revenue by $5.7M, an operating margin of -19.4%. Total costs fell 53% while revenue fell 14%. The quarter ended with a net loss of $13.4M, narrower than the previous quarter's $14.9M loss. Net interest and other expense of $8.2M was the main reason.
Operating cash flow was −$1.3M. Non-cash charges added back $2.7M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $5.3M. Capital expenditures of $2.0M exceeded it, leaving free cash flow of −$3.4M.
Questions
What was FiscalNote Holdings' revenue in the fourth quarter 2024?
FiscalNote Holdings (NOTE) reported revenue of $29.5M for the fourth quarter 2024 (Q4 2024), -14% from a year earlier and +0.1% from the quarter before.
Was FiscalNote Holdings profitable in the fourth quarter 2024?
Operating loss was $5.7M (-19.4% of revenue) and net loss $13.4M.