FiscalNote Q2 FY26 net loss widens to $27.8 million; revenue falls 16% to $19.6 million
NOTE•Full-year outlook was cut
FiscalNote cut its full-year 2026 outlook to revenue of $75 million-$78 million and non-GAAP adjusted EBITDA of $9 million-$11 million.
The company forecast Q3 revenue of $19 million-$20 million.
Q2 results show lower revenue and wider loss
FiscalNote posted Q2 revenue of $19.6 million, down 16% year over year, while GAAP net loss widened to $27.8 million.
Non-GAAP adjusted EBITDA slipped 18% from a year earlier to $2.3 million. Quarterly net revenue retention rose 9 percentage points to 98%.
ARR declined and management cited early adoption of PolicyNote MCP API
Annual recurring revenue fell 13% year over year to $74.9 million as of June 30.
Management cited early adoption of its agentic PolicyNote MCP API, including new licenses with and a .
