FiscalNote stock fell 44.24 percent as consensus target fell 15 percent

FiscalNote Holdings (ISIN US3376553026) was last at USD 0.01 on the OTCID Basic Market on October 6, 2026 at 4:00 p.m. ET, down 44.24 percent from the prior session. The sharp move puts the company's tiny equity value against a consensus target that remains far above the quoted stock.

Consensus target falls to USD 2.17

According to Fintel on October 2, 2026, the average one-year analyst target fell 15 percent from USD 2.55 to USD 2.17. The target range ran from USD 1.26 to USD 3.15, while the consensus covered nine recommendations: three Strong Buy, five Buy and one Hold.

At USD 0.01, the consensus target lies 21,600 percent above the October 6 price. The gap is mathematically extreme because the OTC quote is measured in cents, so the target comparison says more about the stock's distressed valuation than about a normal analyst spread.

Q2 revenue fell 16 percent

StockTitan reported that FiscalNote generated USD 19.6 million in Q2 2026 revenue, down 16 percent from USD 23.3 million in Q2 2025. Adjusted EBITDA was USD 2.3 million, below USD 2.8 million a year earlier, while the net loss widened to USD 27.8 million from USD 13.3 million.

The same filing summary put subscription revenue at 96 percent of the quarterly total and net revenue retention at 98 percent, up from 89 percent in the first quarter. That combination points to a business retaining customers more effectively while the reported revenue base continues to contract.

FrontierView sale resets guidance

On September 2, 2026, StockTitan summarized FiscalNote's completed sale of FrontierView to Oxford Economics for total consideration of up to USD 9.4 million, including USD 6.4 million in cash and a potential USD 3.0 million earn-out. FiscalNote used USD 4.95 million of the closing proceeds to prepay term loans.

After removing FrontierView, FiscalNote set its 2026 revenue guidance at USD 74 million to USD 76 million and adjusted EBITDA guidance at USD 8 million to USD 10 million. The transaction therefore reduces the reported revenue base while concentrating the company on its Policy business.

OTC quote remains highly volatile

FiscalNote's October 6 price of USD 0.01 stood at the bottom of its USD 0.01 to USD 5.50 52-week range. Trading volume reached 1,912,761 shares, while market capitalization was USD 0.2 million as of October 6, 2026.

More news and analyses on FiscalNote Holdings stock are available on the FiscalNote Holdings stock topic page.