Saturday 17 October 2026 Export NOTE’s income statement to Excel — free account

FiscalNote Holdings, Inc.

NOTE Technology Information Technology Services

FiscalNote Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $95.4 million, down 20.7% from fiscal 2024. In the quarter to June 2026, revenue fell 15.8%, EPS fell 10.4%, free cash flow grew 50.5% and total debt rose 2.14%, each against the same quarter a year earlier.

0.01 0.01 −50.00%

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Market cap: $4.1M
P/E: 0.0×
Fwd P/E: −0.1×
Dividend yield: —
F-score: 1/9
Altman Z: −4.98
Beneish M: −3.61
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.04

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	1	1	—	—	—	—	—	—	—	—

Insider Ownership 47.26%

Capital & Financial Ratios $m

Market Cap 4.11

Revenue 84.24

Net Income (119.17)

Free Cash Flow (14.70)

Net Debt 98.66

Current Ratio 0.23

Debt/Equity 435.21

P/E ratio 0.00

Fwd P/E (0.06)

P/S ratio 0.00

P/B ratio 0.95

Past 5Y EPS Growth —

This Y EPS Growth 89.06%

Next Y EPS Growth 391.89%

Next Y revenue growth (19.88%)

Next 5Y EPS Growth 30.93%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.28%

10-year low 10-year high

P/B against its own 10 years 22.46%

10-year low 10-year high

EV/Sales against its own 10 years 6.40%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	24	35	27	21
Receivables	17	13	12	7
Inventory	—	—	—	—
Other	6	6	4	4
	50	57	46	34

	2023	2024	2025	Q'26
Payables	13	8	7	7
ST’ Debt	0	0	3	107
Other	6	4	1	1
	66	51	44	148

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	(5.70%)
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	(24.63%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	20	20	—	—	—
’25	28	23	22	22	95
’24	32	29	29	29	120
’23	32	33	34	34	133
’22	26	27	29	31	114

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	3	(2)	—	—	—
’25	3	(6)	(8)	0	(11)
’24	3	(4)	(3)	(1)	(5)
’23	(13)	(7)	(12)	(4)	(35)
’22	(10)	(8)	(39)	(15)	(73)
’21	0	0	(24)	(13)	(37)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	(4)	—	—	—
’25	1	(8)	(10)	(2)	(19)
’24	1	(6)	(5)	(3)	(14)
’23	(15)	(10)	(14)	(6)	(43)
’22	(12)	(12)	(42)	(18)	(84)
’21	0	0	(28)	(15)	(43)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(2.39)	(1.06)	—	—	—
’25	(0.36)	(0.96)	(1.73)	(1.45)	(4.65)
’24	4.44	(1.08)	(1.32)	(1.20)	0.84
’23	(1.68)	(2.76)	(1.32)	(4.68)	(10.56)
’22	(18.15)	(36.73)	(19.57)	(3.84)	(44.18)
’21	9.60	5.38	(20.07)	(79.64)	(84.73)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	116.28	115.26	53.04	7.80	9.02	1.41	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	126.07	134.40	147.60	79.21	27.24	24.36
People
People	Employees	—	—	—	—	0	3	800	680	570	540
	Revenue/emp, $m	—	—	—	—	0.00	27.64	0.14	0.20	0.21	0.18
Income, $m
Income, $m	Revenue	—	—	—	—	—	83	114	133	120	95
	Gross margin, %	—	—	—	—	—	73.70	71.93	69.66	78.68	77.78
	EBT	—	—	—	—	(9)	(117)	(222)	(115)	10	(66)
	EBT margin, %	—	—	—	—	0.00	(141.49)	(194.71)	(86.88)	8.36	(69.70)
	Net income	—	0	—	—	(9)	(109)	(218)	(115)	10	(65)
	Depreciation	—	—	—	—	—	19	24	64	24	34
Per share, $
Per share, $	Revenue	—	—	—	—	0.00	64.20	20.53	12.12	10.51	6.80
	Earnings	—	—	—	—	(24.94)	(2.01)	(44.18)	(10.56)	0.84	(4.65)
	Cash flow	—	—	—	—	0.00	(28.68)	(13.11)	(3.24)	(0.46)	(0.82)
	Capex	—	—	—	—	0.00	(4.31)	(2.05)	(0.73)	(0.78)	(0.51)
	Free cash flow	—	—	—	—	0.00	(33.00)	(15.16)	(3.97)	(1.24)	(1.33)
	Book value	—	—	—	—	(71.51)	(373.24)	26.11	3.97	8.55	4.42
	Shares, m	—	—	—	—	0	1	6	11	11	14
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	0.00	0.00	0.00	11.88	0.00
	P/S	—	—	—	—	—	0.00	3.65	1.04	1.22	0.22
	P/B	—	—	—	—	—	0.00	2.87	3.17	1.50	0.33
	EV/Sales	—	—	—	—	—	0.00	4.54	2.53	2.15	1.28
	EV/FCF	—	—	—	—	—	(12.20)	(6.15)	(7.73)	(18.24)	(6.55)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	0	(37)	(73)	(35)	(5)	(11)
	Capex	—	—	—	—	—	(6)	(11)	(8)	(9)	(7)
	Free cash flow	—	—	—	—	0	(43)	(84)	(43)	(14)	(19)
Balance, $m
Balance, $m	Working capital	—	—	—	—	1	(15)	24	(16)	6	1
	Total debt	—	—	—	—	0	331	162	222	147	128
	Net debt	—	—	—	—	0	298	101	198	112	102
	Shareholders’ equity	—	—	—	—	(26)	(482)	145	43	98	62
Returns, %
Returns, %	ROA	—	—	—	—	(10.32)	(110.66)	(60.33)	(28.73)	2.73	(22.45)
	ROIC	—	—	—	—	0.00	0.00	(22.45)	(25.30)	(9.52)	(18.93)
	ROE	—	—	—	—	0.00	120.81	145.15	(122.73)	13.47	(81.67)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GMM Global Mofy AI Limited	$12.1M	—	—	—	—	+56.29% (above 0%: growing)	—	—	Compare
SLAI SOLAI Limited	$10.2M	— (loss-making)	— (loss-making)	+104.38% (above 0%: growing)	n/m	+78.01% (above 0%: growing)	(33.47%)	(86.31%)	Compare
GLE Global Engine Group Holding Limited	$9.4M	—	—	—	—	−499.14% (below 0%: shrinking)	—	—	Compare
CYCU Cycurion, Inc.	$8.0M	0.1×	— (loss-making)	−3.36% (below 0%: shrinking)	n/m	+8.59% (above 0%: growing)	29.10%	(50.16%)	Compare
DTST Data Storage Corp.	$7.6M	1.5×	— (loss-making)	+9.30% (above 0%: growing)	n/m	−332.80% (below 0%: shrinking)	47.00%	(357.63%)	Compare
ARBB ARB IOT Group Limited	$7.2M	—	—	—	—	−99.18% (below 0%: shrinking)	—	—	Compare
LZMH LZ Technology Holdings Limited	$6.9M	—	—	—	—	—	—	—	Compare
NOTE FiscalNote Holdings, Inc.	$4.1M	— (loss-making)	— (loss-making)	−15.83% (below 0%: shrinking)	n/m	+50.53% (above 0%: growing)	79.69%	(123.03%)
JZ Jianzhi Education Technology Group Company Ltd. Sponsored ADR	$2.5M	—	—	—	—	−55,072.73% (below 0%: shrinking)	8.53%	0.00%	Compare
Median of peers	$7.8M	—	—	+9.30%	—	−99.18%	18.81%	(68.23%)

All 73 Information Technology Services stocks →

FiscalNote Holdings, Inc. (NOTE) key facts

Concern: FiscalNote Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $95.4 million, down 20.7% from fiscal 2024.
FiscalNote Holdings, Inc. (NOTE) is an Information Technology Services company in the Technology sector.
As of October 16, 2026, NOTE traded at $0.01, a market capitalization of $4.1 million.
Return on equity was −81.7% and debt-to-equity 435.21.
Its Piotroski F-score is 1 out of 9 and its Altman Z-score is −4.98 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.