FiscalNote Holdings, Inc. announced that it has finished migrating every customer from its legacy platform to the new PolicyNote AI‑driven policy intelligence platform. The transition, completed on January 14, 2026, was executed with minimal churn and is expected to streamline user workflows and improve data accessibility for policy professionals worldwide.
The migration consolidates previously separate tools into a single, cohesive solution, reducing friction in daily operations. Early feedback shows a 252% jump in weekly active users and a 34% rate of custom Impact Summary generation, indicating that users are engaging more deeply with the platform’s AI‑powered insights.
Financially, FiscalNote reported a 17.9% decline in revenue over the last twelve months. In the most recent quarter, the company generated $22.43 million in revenue and posted an adjusted loss of $1.73 per share—an improvement over the same quarter in the prior year. The loss reflects ongoing investments in AI capabilities and platform expansion, while the revenue decline highlights current market headwinds.
CEO Josh Resnik described the migration as a “meaningful milestone” that “creates a springboard for faster innovation and long‑term growth.” He emphasized that PolicyNote will serve as the core of FiscalNote’s product‑led growth strategy and its AI‑powered policy advocacy focus.
Strategically, the company has been divesting non‑core subsidiaries and concentrating on its core AI platform. FiscalNote’s gross profit margin remains strong at 78.57%, and the firm is working toward positive free cash flow. The migration is a key step toward stabilizing revenue streams and positioning the company for future growth in the policy intelligence sector.
In summary, the completion of the migration marks a significant operational achievement for FiscalNote, reinforcing its commitment to AI‑driven solutions and setting the stage for continued focus on core product development and market expansion.
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