FiscalNote’s PolicyNote platform surpasses legacy system in usage

Published 26/06/2025, 12:16
FiscalNote’s PolicyNote platform surpasses legacy system in usage

WASHINGTON - FiscalNote (NYSE:NOTE), currently trading at $0.52 with a market cap of $81 million, announced Thursday that its PolicyNote platform has exceeded the company’s legacy system in daily active users, marking a significant milestone in customer adoption. According to InvestingPro data, the company maintains impressive gross profit margins of 78%, though it faces challenges with cash management.

The AI-driven policy and regulatory intelligence platform, launched in January 2025, has seen rapid user growth due to its intuitive design and streamlined onboarding process, according to a company press release. FiscalNote reports that users are creating AI-powered alerts 94% faster in PolicyNote compared to the previous system.

The company has regularly added new features to PolicyNote, including a Presidential Actions widget, tariff monitoring, AI-powered alert explanations, relevancy scoring, and bill forecasts with similar bill detection capabilities.

While approximately 90% of FiscalNote’s current revenue comes from U.S.-based customers, the company is exploring international expansion strategies. As part of this effort, FiscalNote is evaluating the use of stablecoins as a payment option to simplify cross-border transactions for non-U.S. customers.

"PolicyNote’s rapid growth reflects our disciplined focus on customer experience, speed to impact, and sustained product innovation," said Josh Resnik, CEO & President of FiscalNote, in the press release statement.

The company’s broader product portfolio includes CQ, Roll Call, and VoterVoice, serving customers worldwide with offices across North America, Europe, and Asia.

FiscalNote, which went public in 2022, trades on the New York Stock Exchange under the ticker NOTE.

In other recent news, FiscalNote Holdings reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of -$0.03, which surpassed the forecasted -$0.08. The company’s revenue reached $27.5 million, exceeding its guidance range of $26 million to $27 million. However, this figure represents a year-over-year decline due to divestitures. FiscalNote reaffirmed its full-year 2025 revenue forecast of $94 million to $100 million and adjusted EBITDA forecast of $10 million to $12 million. The company also expects revenue between $22 million and $24 million in the second quarter of 2025. In terms of strategic moves, FiscalNote announced the sale of its Australian-based subsidiary, TymeBase, to Thomson Reuters for approximately $6.5 million. The company continues to prioritize subscription revenue, which accounted for 92% of total revenue, and maintained a positive adjusted EBITDA for the seventh consecutive quarter. Despite challenges, FiscalNote remains focused on achieving annual recurring revenue (ARR) growth in the second half of 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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