FiscalNote Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 15, 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.
Jun 30, 2025 · Filed Aug 15, 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Subscription | $21,380 | $27,151 | $46,612 | $56,777 |
| Advisory, advertising, and other | 1,884 | 2,095 | 4,163 | 4,581 |
| Total revenues | 23,264 | 29,246 | 50,775 | 61,358 |
| Operating expenses: (1) | ||||
| Cost of revenues, including amortization | 4,948 | 6,863 | 11,932 | 14,107 |
| Research and development | 2,267 | 3,205 | 5,370 | 6,685 |
| Sales and marketing | 6,692 | 9,001 | 14,451 | 18,416 |
| Editorial | 3,472 | 4,453 | 8,270 | 9,113 |
| General and administrative | 11,378 | 11,260 | 27,676 | 27,336 |
| Amortization of intangible assets | 1,934 | 2,420 | 4,265 | 5,105 |
| Transaction (gains) costs, net | - | - | - | (4) |
| Total operating expenses | 30,691 | 37,202 | 71,964 | 80,758 |
| Operating loss | (7,427) | (7,956) | (21,189) | (19,400) |
| Loss (gain) on sale of business (Note 4) | 319 | - | (15,424) | (71,599) |
| Interest expense, net | 4,338 | 5,320 | 9,465 | 12,682 |
| Change in fair value of financial instruments | 1,577 | (854) | 906 | (327) |
| Loss on debt extinguishment | - | - | 1,784 | - |
| Other (income) expense, net | 405 | 18 | 435 | 259 |
| Net (loss) income before income taxes | (14,066) | (12,440) | (18,355) | 39,585 |
| (Benefit) provision from income taxes | (795) | 324 | (834) | 1,750 |
| Net (loss) income | (13,271) | (12,764) | (17,521) | 37,835 |
| Other comprehensive income (loss) | 50 | 55 | 351 | (61) |
| Total comprehensive (loss) income | $(13,221) | $(12,709) | $(17,170) | $37,774 |
| Earnings (loss) per share attributable to common shareholders (Note 13): | ||||
| Basic and Diluted | $(0.08) | $(0.09) | $(0.11) | $0.28 |
| Weighted average shares used in computing earnings (loss) per share attributable to common shareholders: | ||||
| Basic and Diluted | 160,000,492 | 134,407,109 | 155,668,949 | 132,763,763 |
(1) Amounts include stock-based compensation expenses, as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Cost of revenues, including amortization | $45 | $107 | $60 | $208 |
| Research and development | 258 | 374 | 584 | 684 |
| Sales and marketing | 366 | 270 | 451 | 696 |
| Editorial | 150 | 165 | 216 | 265 |
| General and administrative | 3,145 | 2,613 | 6,028 | 7,851 |
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