Powerpack

Unlock full stockrow access for only $9.90/month and boost yourself as an investor.

  • Full quarterly history

    Every quarter and TTM period we hold, not just the last 12.

  • Analyst estimates

    Three years of forward estimates and dividend forecasts.

  • Unlimited screener

    All results, unlimited saved screens, email when a screen changes.

  • Unlimited Excel

    Full workbooks and screener exports.

  • Unlimited follows

See Powerpack
Screener Weekly Summary Pricing

FiscalNote Holdings, Inc. NOTE

Technology  —  Information Technology Services
0.03 0.00 0.00% as of 25 Sep
Market cap
$4.1M
P/E
0.0×
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

FiscalNote Holdings, Inc. (NOTE) Business Profile

Updated before January 2025

Company Overview

FiscalNote Holdings, Inc. (NASDAQ: NOTE) is a leading technology and data company that specializes in providing legal, regulatory, and policy data, as well as insights and workflow solutions. Founded in 2013 by Tim Hwang, Gerald Yao, and Jonathan Chen, the company is headquartered in Washington, D.C. FiscalNote has grown rapidly since its inception, leveraging artificial intelligence (AI) and machine learning (ML) to deliver actionable insights to businesses, governments, and non-profit organizations worldwide. Tim Hwang serves as the Chairman and CEO, leading the company’s strategic vision and growth initiatives.

The company has expanded its global footprint through strategic acquisitions and partnerships, positioning itself as a trusted provider of policy and regulatory intelligence. FiscalNote’s mission is to connect the world to its governments, enabling organizations to navigate complex regulatory environments and make informed decisions.

Core Business Segments

Policy and Regulatory Intelligence

FiscalNote’s flagship offerings include platforms that aggregate and analyze legislative, regulatory, and policy data. Key products in this segment include:

  • FiscalNote Platform: A comprehensive solution that provides real-time updates on legislative and regulatory developments across jurisdictions.
  • CQ (Congressional Quarterly): A trusted source for news, analysis, and data on U.S. Congress and public policy.
  • VoterVoice: A grassroots advocacy platform that enables organizations to mobilize supporters and influence policymakers.

Legal and Compliance Solutions

FiscalNote offers tools to help organizations manage legal risks and ensure compliance with regulatory requirements. Products in this category include:

  • Equilibrium: A risk and compliance management platform that helps organizations monitor and mitigate risks.
  • Law Street Media: A legal news platform that provides insights into emerging trends and developments in the legal industry.

Data and Analytics

FiscalNote leverages AI and ML to provide predictive analytics and actionable insights. This segment includes:

  • AI-driven Analytics: Tools that forecast policy outcomes and assess their potential impact on businesses.
  • Custom Data Solutions: Tailored data services that address specific client needs.

Media and News

FiscalNote owns and operates several media properties that deliver specialized content to niche audiences. These include:

  • Roll Call: A publication focused on Capitol Hill news and analysis.
  • CQ Researcher: In-depth reports on current and controversial issues.

Business Model

FiscalNote operates on a subscription-based revenue model, offering its products and services through tiered pricing plans. The company integrates its offerings into clients’ workflows, providing seamless access to critical data and insights. FiscalNote also generates revenue through advertising and sponsorships on its media platforms. By combining proprietary technology with expert analysis, the company delivers high-value solutions that address the unique needs of its diverse client base.

Strategic Direction

FiscalNote aims to expand its market presence by:

  • Enhancing AI Capabilities: Investing in advanced AI and ML technologies to improve the accuracy and relevance of its insights.
  • Global Expansion: Entering new markets and strengthening its presence in existing ones through acquisitions and partnerships.
  • Sustainability Goals: Implementing eco-friendly practices and promoting transparency in its operations.
  • New Product Development: Exploring opportunities in adjacent markets, such as environmental, social, and governance (ESG) analytics.

Competitive Landscape

FiscalNote competes with a range of companies across different sectors, including:

  • Policy and Regulatory Intelligence: Competitors include Bloomberg Government, LexisNexis, and Thomson Reuters.
  • Legal and Compliance Solutions: Rivals include Wolters Kluwer, Compliance.ai, and Mitratech.
  • Data and Analytics: Competitors in this space include Palantir Technologies and Tableau.
  • Media and News: FiscalNote’s media properties compete with Politico, The Hill, and other niche publications.

Risk Factors

Key risks facing FiscalNote include:

  • Market Dependence: Reliance on subscription revenue makes the company vulnerable to economic downturns and budget cuts by clients.
  • Regulatory Changes: Shifts in regulatory frameworks could impact the relevance of FiscalNote’s data and insights.
  • Competition: Intense competition from established players and new entrants poses a challenge.
  • Technological Risks: Dependence on AI and ML technologies exposes the company to risks related to data accuracy and algorithmic bias.

Recent Developments

FiscalNote has recently launched new AI-driven features to enhance its analytics capabilities. The company has also expanded its global reach through the acquisition of several international firms specializing in policy and regulatory intelligence. Additionally, FiscalNote has introduced ESG-focused solutions to meet the growing demand for sustainability insights.

Global developments, such as the COVID-19 pandemic and geopolitical tensions, have underscored the importance of real-time policy and regulatory intelligence, driving increased demand for FiscalNote’s offerings.

Investment Considerations

Strengths

  • Innovative Technology: Advanced AI and ML capabilities.
  • Diverse Client Base: Serving businesses, governments, and non-profits.
  • Strong Brand: Trusted provider of policy and regulatory intelligence.

Risks

  • Economic Sensitivity: Vulnerability to budget cuts by clients.
  • Competitive Pressure: Intense competition in key markets.
  • Technological Dependence: Risks associated with AI and ML technologies.

Conclusion

FiscalNote Holdings, Inc. is a market leader in policy and regulatory intelligence, leveraging cutting-edge technology to deliver high-value solutions. With a strong focus on innovation and global expansion, the company is well-positioned for future growth. However, investors should consider the risks associated with market dependence and competition. Overall, FiscalNote’s unique value proposition and strategic initiatives make it a compelling player in the legal, regulatory, and policy intelligence space.