FiscalNote forecasts 2026 revenue of $74 million to $76 million
NOTE•FiscalNote forecast 2026 revenue of $74 million to $76 million and adjusted EBITDA of $8 million to $10 million. It also forecast fourth-quarter revenue of $17 million to $17.5 million and adjusted EBITDA of about $2.5 million.
1. 2026 outlook
FiscalNote's November 9 outlook projects 2026 revenue of $74 million to $76 million, with adjusted EBITDA of $8 million to $10 million. Fourth-quarter revenue is forecast at $17 million to $17.5 million, and adjusted EBITDA is expected to be approximately $2.5 million.
2. Quarterly results and factors
Third-quarter revenue of $18.7 million missed guidance, while adjusted EBITDA of $3.6 million met guidance. Continued customer retention challenges weigh on the outlook, partly offset by strong public-sector retention. AI-driven restructuring benefits are phasing in through 2026; further noncore divestitures remain possible following the August sale of FrontierView.
