FiscalNote Holdings Q2 Results: EPS Misses Estimate, Sales Drop 15.8%

1 min read Updated on 11 Aug 2026, 05:33 AM

Reviewed by

Jubin VScanX News Team

AI Summary

FiscalNote Holdings missed Q2 expectations with an EPS of $(1.06) against a $(0.44) estimate. Sales fell to $19.581 million, down 15.83% YoY and below the $19.852 million forecast. The widening loss indicates operational pressure.

*this image is generated using AI for illustrative purposes only.

FiscalNote Holdings reported a wider-than-expected net loss for the second quarter, with earnings per share coming in at $(1.06), missing the analyst consensus estimate of $(0.44) by 140.91 percent. This represents a deterioration in profitability compared to the same period last year, where losses stood at $(0.96) per share, marking a 10.42 percent increase in losses year-over-year. The company’s revenue performance also lagged expectations, with quarterly sales totaling $19.581 million, which missed the consensus estimate of $19.852 million by 1.37 percent.

The decline in top-line growth further underscores the operational headwinds facing the firm. Sales dropped 15.83 percent from $23.264 million in the corresponding period of the previous fiscal year. This simultaneous miss on both earnings and revenue highlights challenges in maintaining margin stability amid contracting sales volumes. The divergence between the estimated and actual EPS suggests that cost structures or one-time items may have exerted additional pressure on the bottom line beyond what was anticipated by market analysts.

Financial Performance Overview

The following table details the key financial metrics reported by FiscalNote Holdings for the quarter, comparing actual results against analyst estimates and prior-year figures.

Metric	Actual Result	Analyst Estimate	Year-Ago Result	Variance vs Estimate	Variance YoY
Earnings Per Share	$(1.06)	$(0.44)	$(0.96)	-140.91%	-10.42%
Quarterly Sales	$19.581 million	$19.852 million	$23.264 million	-1.37%	-15.83%

What the Numbers Show

The widening loss per share, despite a relatively modest miss on revenue estimates, indicates potential inefficiencies in cost management or increased operating expenses during the quarter. While revenue declined by nearly 16 percent year-over-year, the expansion of the loss per share by over 10 percent suggests that fixed costs were not adequately scaled down in response to lower sales activity. Investors should monitor whether this trend reflects a temporary seasonal dip or a structural shift in the company’s profitability profile. The failure to meet both the EPS and sales estimates signals a lack of momentum in FiscalNote Holdings’ core business operations during this period.

What specific cost-cutting measures or operational restructuring plans has FiscalNote Holdings announced to address the widening gap between fixed costs and declining revenue?

How might this significant miss on earnings per share impact analyst consensus estimates for the company's full-year guidance and future quarters?

Are there indications that the 15.83% year-over-year revenue decline is driven by broader macroeconomic headwinds in the government relations sector or specific client churn?

Read Next Article

FiscalNote Holdings FY26 Results: Sales guidance cut to $75-78M

1 min read Updated on 11 Aug 2026, 02:11 AM

Reviewed by

Jubin VScanX News Team

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AI Summary

FiscalNote Holdings cuts FY2026 sales guidance to $75.000 million-$78.000 million, down from $80.000 million-$83.000 million. The revised outlook misses the $80.830 million market estimate, reflecting weaker expected performance.

*this image is generated using AI for illustrative purposes only.

FiscalNote Holdings has reduced its sales guidance for fiscal year 2026, signaling a softer outlook than previously projected. The company revised its full-year revenue forecast downward from a range of $80.000 million to $83.000 million to a new band of $75.000 million to $78.000 million. This adjustment places the updated guidance below the consensus market estimate of $80.830 million, indicating potential headwinds in revenue generation for the period.

The revision reflects a significant shift in expectations for the company’s top-line performance. By lowering the midpoint of its guidance range, FiscalNote Holdings acknowledges challenges that may impact its ability to achieve earlier targets. The new upper limit of $78.000 million represents a notable decrease from the prior ceiling of $83.000 million, while the floor has also dropped by $5.000 million to $75.000 million.

Guidance Revision Details

The following table outlines the changes in FiscalNote Holdings’ FY2026 sales outlook:

Metric	Previous Guidance	Revised Guidance	Market Estimate
Sales Outlook	$80.000 million - $83.000 million	$75.000 million - $78.000 million	$80.830 million

What the Numbers Show

The divergence between the revised guidance and the market estimate is material. The new upper bound of $78.000 million misses the consensus estimate of $80.830 million by approximately $2.830 million. Furthermore, the entire revised range now sits below the analyst expectation, suggesting that the market had priced in stronger performance than the company currently anticipates delivering. This gap highlights a disconnect between investor sentiment and management’s current visibility into revenue streams.

What specific operational or market headwinds are driving FiscalNote Holdings to lower its FY2026 revenue guidance by $5 million?

How might this significant miss against the $80.83 million consensus estimate impact FiscalNote's stock valuation and investor confidence in the short term?

Will FiscalNote Holdings adjust its cost structure or operational expenses to align with the revised, lower revenue projections?