FiscalNote Holdings shares drop 12.48% intraday after reporting Q4 2025 earnings miss (-$1.45 vs. -$0.06) and revenue shortfall ($22.2M vs. $23.01M), with FY2026 sales guidance below analyst estimates.

FiscalNote Holdings fell 12.48% intraday after reporting a significant Q4 2025 earnings miss, with actual EPS of -$1.45 far below the forecasted -$0.06, and revenue of $22.2 million below the $23.01 million estimate. The earnings call highlighted operational challenges, including a 25% workforce reduction and financial targets to achieve positive free cash flow by mid-2027. The stock’s sharp decline aligns with the negative surprise in earnings and revenue, underscoring investor concerns over profitability and strategic restructuring.