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FiscalNote(NYSE) NOTE

Market CapN/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2020)-100%
5 Year-100%
1 Year-99%
1 Month+5%
N/A
FiscalNote last closing stock price
MetricPriceDate
Last closeUSD 0.122026-07-27
FiscalNote stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+7.05%USD 0.112026-07-20
1 month+5.04%USD 0.112026-06-26
3 month-42.56%USD 0.212026-04-28
Year to date-91.99%USD 1.472025-12-31
1 year-98.74%USD 9.352025-07-25
3 year-99.71%USD 40.562023-07-28
5 year-99.9%USD 116.522021-07-28
Since inception-99.9%USD 119.072020-12-07

FiscalNote Financials at a Glance

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$87.92M

Net Income (TTM)

-$104.61M

EPS (TTM)

N/A

P/E Ratio

N/A

Dividend

N/A

Beta (Volatility)

N/A

Price

N/A

Volume

N/A

Open

N/A

Previous Close

N/A

Daily Range

N/A

52-Week Range

N/A

Estimated Earnings Date

Aug 6, 2026

NOTE News

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FiscalNote (NOTE) Q2 Revenue Falls 20%

Motley Fool Markets TeamAug 7, 2025
Two business people looking at data on screens.

Why FiscalNote Stock Soared 45.1% Higher This Week

Dave KovaleskiMar 31, 2023

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About FiscalNote

FiscalNote helps organizations track laws and regulations worldwide. Its tools let businesses and governments monitor policy changes and manage advocacy efforts. Clients use these services to stay informed and respond quickly to new rules.

Products and Services

  • Policy Intelligence Platforms: Tools like PolicyNote and CQ Federal track and analyze laws and regulations (93% of 2025 revenue).
  • Advocacy & Constituent Services: VoterVoice and Fireside help manage campaigns and communicate with voters or stakeholders.
  • Market Intelligence: FrontierView supports international business planning and market monitoring.
  • APIs and Data Feeds: Agentic APIs allow clients to integrate policy data into their own systems.
  • Professional Services: Custom research and monitoring for clients in over 100 countries.

Growth and Expansion

  • Launched PolicyNote platform in January 2025, adding advanced AI features.
  • Sold non-core businesses like Board.org (2024), Aicel (2024), Oxford Analytica and Dragonfly (2025), and TimeBase (2025).
  • Expanded into prediction markets in 2025, using proprietary policy data.
  • Reduced workforce from about 800 in 2022 to 540 in 2025 to cut costs.
  • Operates in over 40 countries, with offices in the US, UK, Belgium, India, and Singapore.

What Makes FiscalNote Stand Out

FiscalNote combines artificial intelligence with expert analysis to deliver policy insights. Its platforms aggregate data from local and global sources, helping clients act quickly on regulatory changes. The company’s recurring subscription model provides predictable revenue and serves a diverse, global client base.

Five Things You Need to Know

  • 2025 revenue was $95.4 million, down 21% from 2024.
  • Subscription revenue made up 93% of total revenue in 2025.
  • Annual recurring revenue was $84.1 million at December 31, 2025.
  • Operating loss was $49.5 million in 2025, up from $31.9 million in 2024.
  • International revenue fell to 10% of total in 2025, down from 21% in 2024.

Bottom Line

FiscalNote has shifted focus to core policy data products and recurring revenue. The company faces challenges from divestitures, revenue declines, and ongoing cost reductions.

AI Generated • Apr 16, 2026

Industry

Professional Services

Sector

Industrials

Employees

543

CEO

Josh W. Resnik

Website

www.fiscalnote.com

Headquarters

Washington, DC 20004, US

NOTE Financials

Key Financial Metrics (TTM)

Gross Margin

67.51%

Operating Margin

-33.51%

Net Income Margin

-118.98%

Return on Equity

-160.90%

Return on Capital

-12.73%

Return on Assets

-49.01%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

N/A

Volume

N/A

Avg. Volume

N/A

Financials (TTM)

Gross Profit

$59.35M

Operating Income

-$29.46M

EBITDA

-$28.48M

Operating Cash Flow

-$11.76M

Capital Expenditure

-$6.90M

Free Cash Flow

-$18.67M

Cash & ST Invst.

$25.84M

Total Debt

$144.97M

FiscalNote Performance Analysis

FiscalNote annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 113,765,00037.2%
20232023-12-31USD 132,645,00016.6%
20242024-12-31USD 120,266,000-9.3%
20252025-12-31USD 95,407,000-20.7%
FiscalNote sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-15.4%
Q32025-09-30-3.6%
Q42025-12-31-1.0%
Q12026-03-31-9.8%
FiscalNote annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -44.17-81.4%
20232023-12-31USD -10.54-76.1%
20242024-12-31USD 0.83N/A
20252025-12-31USD -4.65N/A
FiscalNote sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-194.1%
Q32025-09-30-73.0%
Q42025-12-3116.2%
Q12026-03-31-64.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$20.03M

-27.2%

Gross Profit

$13.74M

-33.1%

Gross Margin

68.62%

N/A

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

370

N/A

Net Income

-$43.61M

-926.2%

EBITDA

-$2.38M

-134.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$25.84M

-44.1%

Total Debt

$144.97M

+1.5%

Accounts Receivable

$11.50M

+3.4%

Inventory

$0.00

N/A

Long Term Debt

$30.01M

-78.5%

Short Term Debt

$114.96M

+3605.8%

Return on Assets

-49.01%

N/A

Return on Invested Capital

-50.93%

N/A

Free Cash Flow

$1.37M

+4.9%

Operating Cash Flow

$3.02M

-8.1%

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Questions About NOTE

What is the current price of FiscalNote?

FiscalNote is trading at N/A per share.

What is the 52-week range for FiscalNote?

Over the past 52 weeks, FiscalNote has traded between N/A and N/A.

How much debt does FiscalNote have?

As of the most recent reporting period, FiscalNote reported total debt of $144.97M.

How much cash does FiscalNote have on hand?

FiscalNote reported $24.47M in cash and cash equivalents in its most recent financial results.

What is FiscalNote’s dividend yield?

FiscalNote does not currently have a dividend yield.

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