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How FiscalNote Holdings (NOTE) makes money

FiscalNote Holdings (NOTE) made $19.6M of revenue in the second quarter 2026 (Q2 2026), -16% from a year earlier. Subscription brought in $18.8M (96%); Non-Subscription brought in $781K (4%).

Drawing the Sankey…

FiscalNote Holdings revenue by segment, Q2 2026FiscalNote Holdings revenue by segment, Q2 2026Subscription$18.8MNon-Subscription$781K
FiscalNote Holdings revenue by quarterFiscalNote Holdings revenue by quarter$29.5MQ4 2024$27.5MQ1 2025$23.3MQ2 2025$22.4MQ3 2025$22.2MQ4 2025$20.0MQ1 2026$19.6MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Subscription$18.8M96.0%-1%-12%
Non-Subscription$781K4.0%-20%-59%
  ↳ Advertising$335K1.7%+32%-33%
  ↳ Other Revenue$245K1.3%-37%-77%
  ↳ Advisory$201K1.0%-39%-36%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$19.6M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$19.6M-16%
Q1 2026$20.0M-27%
Q4 2025$22.2M-25%
Q3 2025$22.4M-24%
Q2 2025$23.3M-20%
Q1 2025$27.5M-14%
Q4 2024$29.5M-14%

From FiscalNote Holdings' 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does FiscalNote Holdings make money?

FiscalNote Holdings (NOTE) made $19.6M of revenue in the second quarter 2026 (Q2 2026), -16% from a year earlier. Subscription brought in $18.8M (96%); Non-Subscription brought in $781K (4%).

What is FiscalNote Holdings' biggest business?

Subscription: $18.8M in the second quarter 2026, 96% of revenue, -12% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.