🔴 FiscalNote is trading 12.16% down today after Q2 revenue decline and 2026 guidance cuts

FiscalNote is trading 12.16% down at $0.07 as investors continue reacting to the August 10 earnings release.

• Q2 revenue fell 16% year over year to $19.6 million, while adjusted EBITDA missed guidance slightly.
• FiscalNote reduced full-year 2026 revenue guidance to $75–78 million from $80–83 million and adjusted EBITDA guidance to $9–11 million from $14–16 million.
• The decline is company-specific, with no stronger same-day catalyst identified.