FiscalNote Holdings, Inc.
For the period ended Mar 31, 2025. Filed May 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 13, 2025
NOTE$0.01+4.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except shares and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues: | ||
| Subscription | $25,232 | $29,626 |
| Advisory, advertising, and other | 2,279 | 2,486 |
| Total revenues | 27,511 | 32,112 |
| Operating expenses: (1) | ||
| Cost of revenues, including amortization | 6,984 | 7,244 |
| Research and development | 3,103 | 3,480 |
| Sales and marketing | 7,759 | 9,415 |
| Editorial | 4,798 | 4,660 |
| General and administrative | 16,298 | 16,076 |
| Amortization of intangible assets | 2,331 | 2,685 |
| Transaction gains, net | - | (4) |
| Total operating expenses | 41,273 | 43,556 |
| Operating loss | (13,762) | (11,444) |
| Gain on sale of businesses (Note 4) | (15,743) | (71,599) |
| Interest expense, net | 5,127 | 7,362 |
| Loss on debt extinguishment, net | 1,784 | - |
| Change in fair value of financial instruments | (671) | 527 |
| Other expense, net | 30 | 241 |
| Net (loss) income before income taxes | (4,289) | 52,025 |
| (Benefit) provision from income taxes | (39) | 1,426 |
| Net (loss) income | (4,250) | 50,599 |
| Other comprehensive income | 301 | 5,591 |
| Total comprehensive (loss) income | $(3,949) | $56,190 |
| Earnings (loss) per share attributable to common shareholders (Note 14): | ||
| Basic | $(0.03) | $0.39 |
| Diluted | $(0.03) | $0.37 |
| Weighted average shares used in computing earnings (loss) per share attributable to common shareholders: | ||
| Basic | 151,289,278 | 130,712,032 |
| Diluted | 151,289,278 | 146,027,085 |
(1) Amounts include stock-based compensation expense, as follows:
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cost of revenues, including amortization | $15 | $101 |
| Research and development | 326 | 310 |
| Sales and marketing | 85 | 426 |
| Editorial | 66 | 100 |
| General and administrative | 2,883 | 5,238 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.