FiscalNote Holdings, Inc. Keeps 2026 Outlook as Q3 Adjusted EBITDA Rises

FiscalNote Holdings, Inc. kept its 2026 targets unchanged after third-quarter adjusted EBITDA increased and revenue fell 17%, leaving its full-year forecast intact despite uneven quarterly results.

Revenue for the quarter ended Sept. 30, 2026, was $18.7 million, down from $22.4 million in the same quarter a year earlier. Adjusted EBITDA increased to $3.6 million from $2.2 million.

FiscalNote posted a net loss of $5.9 million, compared with a $24.9 million loss in the year-earlier quarter. FiscalNote delivers policy and regulatory intelligence through PolicyNote, its flagship platform.

The company expects full-year revenue of $74 million to $76 million and adjusted EBITDA of $8 million to $10 million. Its fourth-quarter outlook calls for revenue of $17 million to $17.5 million and adjusted EBITDA of about $2.5 million.