Q2 FY2026 EarningsQ2 FY2026 results were in line with revenue expectations but missed on profitability, as total revenue reached $19.6M vs. $19.9M expected. Adjusted EBITDA of $2.3M fell slightly below management's own guidance, and a $19.1M non-cash goodwill impairment led to a significant GAAP EPS miss of -$1.06 vs. -$0.44 expected. Notably, management slashed FY26 revenue guidance to $75M-$78M (previously $80M-$83M) due to federal and public sector softness, signaling a cautious near-term outlook despite an improvement in Net Revenue Retention (NRR) to 98%.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: FiscalNote(NOTE) the Revenue is 19.58 M (-15.83%), Miss estimate;the EBIT is -24.09 M (-224.4%), Miss estimate;the EPS is -1.06 (-10.41%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
0.02B15.83%
0.02B14.67%
-0.00B1.16%
EBITMiss expectations
-0.02B224.36%
-0.00B41.47%
-0.02B265.83%
EPSMiss expectations
-1.0610.41%
-0.4454.17%
-0.620064.58%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf