Symbols / NOTE $0.13 -3.48% FiscalNote Holdings, Inc.

Technology • Information Technology Services • United States • OID
NOTE Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Information Technology Services
CEO Mr. Joshua W. Resnik
Exch · Country OID · United States
Market Cap 3.47M
Enterprise Value 122.72M
Income -104.61M
Sales 87.92M
FCF (ttm) -7.22M
Book/sh 1.28
Cash/sh 0.97
Employees 370
Insider 10d —
IPO Dec 07, 2020
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 0.44
PEG —
P/S 0.04
P/B 0.10
P/C —
EV/EBITDA -5.68
EV/Sales 1.40
Quick Ratio 0.23
Current Ratio 0.28
Debt/Eq 584.65
LT Debt/Eq —
EPS (ttm) -6.70
EPS next Y 0.29
EPS Growth —
Revenue Growth -27.20%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-07
ROA -7.37%
ROE -169.42%
ROIC —
Gross Margin 79.11%
Oper. Margin -34.49%
Profit Margin -118.98%
Shs Outstand 25.96M
Shs Float 21.14M
Insider Own 5.63%
Instit Own 9.45%
Short Float 0.06%
Short Ratio 0.01
Short Interest 3.99K
52W High 10.20
vs 52W High -98.72%
52W Low 0.13
vs 52W Low 0.23%
Beta 0.76
Impl. Vol. 25.00%
Rel Volume 0.11
Avg Volume 383.86K
Volume 40.91K
Target (mean) $4.83
Tgt Median $3.50
Tgt Low $1.25
Tgt High $9.75
# Analysts 3
Recom None
Prev Close $0.14
Price $0.13
Change -3.48%
About

FiscalNote Holdings, Inc. operates as a technology provider for global policy and regulatory intelligence in North America, Europe, Australia, and Asia. The company operates PolicyNote which delivers legislative tracking, regulatory analysis, and stakeholder engagement. It also delivers extensive policy data integrated with AI-powered monitoring and expert analysis. The company serves midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups, and non-profits. FiscalNote Holdings, Inc. was founded in 2013 and is headquartered in Washington, the District Of Columbia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.83
Mean price target
2. Current target
$0.13
Latest analyst target
3. DCF / Fair value
$-5.01
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.13
Low
$1.25
High
$9.75
Mean
$4.83

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-26 main Ladenburg Thalmann Buy → Buy $10
2025-08-12 main D. Boral Capital Buy → Buy $4
2025-05-13 main D. Boral Capital Buy → Buy $4
2025-05-01 init Ladenburg Thalmann — → Buy $3
2025-03-17 main D. Boral Capital Buy → Buy $4
2025-03-14 main Roth MKM Buy → Buy $2
2025-03-14 main B. Riley Securities Buy → Buy $2
2025-02-25 main D. Boral Capital Buy → Buy $4
2025-01-16 main D. Boral Capital Buy → Buy $4
2024-11-13 main D. Boral Capital Buy → Buy $4
2024-11-13 main B. Riley Securities Buy → Buy $2
2024-11-01 main EF Hutton Buy → Buy $4
2024-10-28 main EF Hutton Buy → Buy $4
2024-08-12 main B. Riley Securities Buy → Buy $2
2024-08-12 main Northland Capital Markets Outperform → Outperform $5
2024-08-09 main DA Davidson Neutral → Neutral $1
2024-05-10 main EF Hutton Buy → Buy $4
2024-03-14 reit EF Hutton Buy → Buy $5
2024-03-13 main EF Hutton Buy → Buy $5
2024-03-13 main DA Davidson Neutral → Neutral $2
News
RSS: Latest NOTE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-02 HWANG TIMOTHY T. Director and Beneficial Owner of more than 10% of a Class of Security — 4,090 $1.20 $4,901
2026-01-02 HWANG TIMOTHY T. Director and Beneficial Owner of more than 10% of a Class of Security — 1,716 $1.61 $2,761
2025-12-31 RESNIK JOSHUA W Chief Executive Officer — 3,376 $1.25 $4,220
2025-12-02 HWANG TIMOTHY T. Director and Beneficial Owner of more than 10% of a Class of Security — 5,590 $1.91 $10,696
2025-12-01 JAIN MANOJ Director and Beneficial Owner of more than 10% of a Class of Security — 3,424 $0.00 $0
2025-12-01 SWEENEY BRANDON Director — 5,136 $0.00 $0
2025-12-01 NILSSON KEITH Director — 3,424 $0.00 $0
2025-12-01 SEDGLEY ANNA Director — 6,278 $0.00 $0
2025-11-06 HWANG TIMOTHY T. Director and Beneficial Owner of more than 10% of a Class of Security — 7,695 $2.59 $19,961
2025-10-01 HWANG TIMOTHY T. Director and Beneficial Owner of more than 10% of a Class of Security — 10,551 $4.24 $47,406
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
95.41
-20.67%
120.27
-9.33%
132.65
+16.60%
113.77
Operating Revenue
92.57
-21.30%
117.63
-7.62%
127.33
+11.93%
113.77
Cost Of Revenue
36.13
-18.20%
44.17
-24.01%
58.12
+21.35%
47.89
Reconciled Cost Of Revenue
26.23
-23.36%
34.22
-16.35%
40.91
+8.92%
37.56
Gross Profit
59.28
-22.10%
76.10
+2.11%
74.53
+13.14%
65.87
Operating Expense
96.40
-10.77%
108.04
-23.36%
140.97
-7.05%
151.67
Research And Development
9.57
-25.39%
12.83
-29.46%
18.19
-12.30%
20.74
Selling General And Administration
78.76
-7.66%
85.29
-23.35%
111.27
-7.64%
120.48
Selling And Marketing Expense
26.62
-24.05%
35.05
-23.33%
45.72
+7.13%
42.68
General And Administrative Expense
52.14
+3.78%
50.24
-23.36%
65.55
-15.75%
77.80
Salaries And Wages
—
—
—
15.96
Other Gand A
52.14
+3.78%
50.24
-23.36%
65.55
-15.75%
77.80
Total Expenses
132.53
-12.93%
152.21
-23.55%
199.09
-0.24%
199.56
Operating Income
-37.13
-16.22%
-31.95
+51.92%
-66.44
+22.56%
-85.79
Total Operating Income As Reported
-49.50
-54.99%
-31.94
+67.32%
-97.74
-10.83%
-88.19
EBITDA
-32.03
-159.87%
53.51
+194.57%
-56.58
+46.11%
-104.99
Normalized EBITDA
-19.05
-57.39%
-12.10
+67.98%
-37.79
+42.79%
-66.06
Reconciled Depreciation
17.97
-9.54%
19.87
-30.81%
28.72
+38.18%
20.78
EBIT
-50.01
-248.65%
33.64
+139.44%
-85.30
+32.18%
-125.77
Total Unusual Items
-12.99
-119.79%
65.61
+449.23%
-18.79
+51.74%
-38.93
Total Unusual Items Excluding Goodwill
-12.99
-119.79%
65.61
+449.23%
-18.79
+51.74%
-38.93
Special Income Charges
-3.75
-105.21%
72.02
+307.13%
-34.77
+32.72%
-51.68
Other Special Charges
7.96
—
3.47
-90.76%
37.58
Impairment Of Capital Assets
12.38
0.00
-100.00%
32.06
0.00
Restructuring And Mergern Acquisition
0.00
+100.00%
-0.00
+99.48%
-0.77
-105.44%
14.10
Net Income
-65.25
-785.58%
9.52
+108.24%
-115.46
+47.10%
-218.26
Pretax Income
-66.50
-761.46%
10.05
+108.72%
-115.24
+47.98%
-221.51
Net Non Operating Interest Income Expense
-16.49
+30.10%
-23.59
+21.21%
-29.94
+68.73%
-95.74
Interest Expense Non Operating
16.49
-30.10%
23.59
-21.21%
29.94
-68.73%
95.74
Net Interest Income
-16.49
+30.10%
-23.59
+21.21%
-29.94
+68.73%
-95.74
Interest Expense
16.49
-30.10%
23.59
-21.21%
29.94
-68.73%
95.74
Other Income Expense
-12.88
-119.64%
65.59
+447.83%
-18.86
+52.83%
-39.98
Other Non Operating Income Expenses
0.10
+503.85%
-0.03
+61.76%
-0.07
+93.49%
-1.04
Gain On Sale Of Security
-9.23
-44.10%
-6.41
-140.09%
15.98
+25.39%
12.75
Gain On Sale Of Business
16.58
-76.97%
72.02
0.00
—
Tax Provision
-1.25
-333.21%
0.54
+140.36%
0.22
+106.85%
-3.25
Tax Rate For Calcs
0.00
-64.81%
0.00
-74.29%
0.00
+1300.00%
0.00
Tax Effect Of Unusual Items
-0.25
-106.96%
3.54
+189.80%
-3.95
-575.64%
-0.58
Net Income Including Noncontrolling Interests
-65.25
-785.58%
9.52
+108.24%
-115.46
+47.10%
-218.26
Net Income From Continuing Operation Net Minority Interest
-65.25
-785.58%
9.52
+108.24%
-115.46
+47.10%
-218.26
Net Income From Continuing And Discontinued Operation
-65.25
-785.58%
9.52
+108.24%
-115.46
+47.10%
-218.26
Net Income Continuous Operations
-65.25
-785.58%
9.52
+108.24%
-115.46
+47.10%
-218.26
Normalized Income
-52.51
+0.09%
-52.55
+47.77%
-100.62
+44.07%
-179.91
Net Income Common Stockholders
-65.25
-785.58%
9.52
+108.24%
-115.46
+52.84%
-244.83
Diluted EPS
-4.65
-653.57%
0.84
+107.95%
-10.56
+76.09%
-44.16
Basic EPS
-4.65
-653.57%
0.84
+107.95%
-10.56
+76.09%
-44.16
Basic Average Shares
14.03
+22.60%
11.44
+4.48%
10.95
+97.55%
5.54
Diluted Average Shares
14.03
+22.60%
11.44
+4.48%
10.95
+97.55%
5.54
Diluted NI Availto Com Stockholders
-65.25
-785.58%
9.52
+108.24%
-115.46
+52.84%
-244.83
Amortization
8.07
-18.67%
9.93
-13.76%
11.51
+10.12%
10.45
Amortization Of Intangibles Income Statement
8.07
-18.67%
9.93
-13.76%
11.51
+10.12%
10.45
Depreciation Amortization Depletion Income Statement
8.07
-18.67%
9.93
-13.76%
11.51
+10.12%
10.45
Depreciation And Amortization In Income Statement
8.07
-18.67%
9.93
-13.76%
11.51
+10.12%
10.45
Preferred Stock Dividends
—
—
—
26.57
Rent And Landing Fees
—
—
—
0.00
Rent Expense Supplemental
—
—
—
0.00
Line Item Trend 2023-12-31
Total Assets
370.56
Current Assets
49.80
Cash Cash Equivalents And Short Term Investments
23.59
Cash And Cash Equivalents
16.45
Other Short Term Investments
7.13
Receivables
16.93
Accounts Receivable
16.93
Prepaid Assets
2.59
Current Deferred Assets
3.33
Restricted Cash
0.85
Other Current Assets
2.52
Total Non Current Assets
320.76
Net PPE
23.92
Gross PPE
30.24
Accumulated Depreciation
-6.32
Properties
0.00
Machinery Furniture Equipment
2.43
Other Properties
18.28
Leases
9.53
Goodwill And Other Intangible Assets
291.94
Goodwill
187.70
Other Intangible Assets
104.24
Non Current Deferred Assets
4.26
Other Non Current Assets
0.63
Total Liabilities Net Minority Interest
327.10
Current Liabilities
65.65
Payables And Accrued Expenses
12.91
Payables
12.91
Accounts Payable
12.91
Current Debt And Capital Lease Obligation
3.17
Current Debt
0.10
Other Current Borrowings
0.10
Current Capital Lease Obligation
3.07
Current Deferred Liabilities
46.56
Current Deferred Revenue
46.56
Other Current Liabilities
3.01
Total Non Current Liabilities Net Minority Interest
261.45
Long Term Debt And Capital Lease Obligation
248.47
Long Term Debt
222.31
Long Term Capital Lease Obligation
26.16
Non Current Deferred Liabilities
3.05
Non Current Deferred Revenue
0.88
Non Current Deferred Taxes Liabilities
2.18
Other Non Current Liabilities
5.17
Stockholders Equity
43.46
Common Stock Equity
43.46
Capital Stock
0.01
Common Stock
0.01
Preferred Stock
—
Share Issued
10.83
Ordinary Shares Number
10.83
Treasury Shares Number
0.00
Additional Paid In Capital
860.49
Retained Earnings
-816.42
Gains Losses Not Affecting Retained Earnings
-0.62
Other Equity Adjustments
-0.62
Total Equity Gross Minority Interest
43.46
Total Capitalization
265.77
Working Capital
-15.85
Invested Capital
265.87
Total Debt
251.64
Net Debt
205.96
Capital Lease Obligations
29.23
Net Tangible Assets
-248.48
Tangible Book Value
-248.48
Derivative Product Liabilities
4.76
Preferred Stock Equity
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-11.44
-115.99%
-5.30
+85.07%
-35.49
+51.13%
-72.62
Cash Flow From Continuing Operating Activities
-11.44
-115.99%
-5.30
+85.07%
-35.49
+51.13%
-72.62
Net Income From Continuing Operations
-65.25
-785.58%
9.52
+108.24%
-115.46
+47.10%
-218.26
Depreciation Amortization Depletion
17.97
-9.54%
19.87
-30.81%
28.72
+38.18%
20.78
Depreciation
1.04
-16.28%
1.24
-7.94%
1.35
+8.89%
1.24
Amortization Cash Flow
16.93
-9.09%
18.63
-31.94%
27.37
+40.03%
19.55
Depreciation And Amortization
17.97
-9.54%
19.87
-30.81%
28.72
+38.18%
20.78
Amortization Of Intangibles
16.93
-9.09%
18.63
-31.94%
27.37
+40.03%
19.55
Other Non Cash Items
12.46
-26.06%
16.86
-5.25%
17.79
-78.30%
82.00
Stock Based Compensation
14.79
-17.63%
17.95
-33.66%
27.06
-28.89%
38.05
Asset Impairment Charge
12.79
+8544.59%
0.15
-99.54%
32.49
+22778.17%
0.14
Deferred Tax
-0.19
-16.67%
-0.16
-325.00%
0.07
+102.34%
-3.08
Deferred Income Tax
-0.19
-16.67%
-0.16
-325.00%
0.07
+102.34%
-3.08
Operating Gains Losses
-8.62
+88.03%
-72.02
—
37.58
Gain Loss On Investment Securities
—
—
—
-12.75
Unrealized Gain Loss On Investment Securities
9.23
+44.10%
6.41
+140.09%
-15.98
-25.39%
-12.75
Change In Working Capital
-4.63
-19.83%
-3.87
+61.99%
-10.18
+40.50%
-17.10
Change In Receivables
-3.60
-237.62%
-1.07
+77.46%
-4.73
+41.39%
-8.07
Changes In Account Receivables
-1.27
-169.12%
1.84
+739.72%
-0.29
+92.72%
-3.94
Change In Prepaid Assets
1.91
+221.79%
0.59
-82.70%
3.42
+710.66%
0.42
Change In Payables And Accrued Expense
-0.17
+84.25%
-1.11
+82.71%
-6.43
-204.12%
-2.11
Change In Other Working Capital
2.18
+160.26%
0.84
-78.65%
3.92
-19.45%
4.87
Change In Other Current Assets
-0.01
-105.26%
0.23
+226.67%
-0.18
+54.43%
-0.40
Change In Other Current Liabilities
-4.93
-47.36%
-3.35
+45.86%
-6.19
+47.66%
-11.82
Investing Cash Flow
39.71
-55.47%
89.17
+538.88%
-20.32
-98.37%
-10.24
Cash Flow From Continuing Investing Activities
39.71
-55.47%
89.17
+538.88%
-20.32
-98.37%
-10.24
Capital Expenditure
-7.20
+18.92%
-8.88
-11.92%
-7.94
+30.17%
-11.37
Capital Expenditure Reported
-7.20
+18.92%
-8.88
-11.92%
-7.94
+30.17%
-11.37
Net Investment Purchase And Sale
—
0.00
+100.00%
-7.37
0.00
Purchase Of Investment
—
0.00
+100.00%
-7.37
0.00
Net Business Purchase And Sale
46.91
-52.15%
98.05
+2057.13%
-5.01
-545.33%
1.12
Purchase Of Business
—
0.00
+100.00%
-5.01
—
Gain Loss On Sale Of Business
-16.58
+76.97%
-72.02
0.00
—
Financing Cash Flow
-32.83
+54.04%
-71.43
-691.47%
12.08
-89.17%
111.53
Cash Flow From Continuing Financing Activities
-32.83
+54.04%
-71.43
-691.47%
12.08
-89.17%
111.53
Net Issuance Payments Of Debt
-27.84
+56.85%
-64.51
-666.20%
11.39
+149.34%
-23.09
Issuance Of Debt
100.98
+1502.68%
6.30
-45.21%
11.50
-93.07%
166.01
Repayment Of Debt
-128.82
-81.93%
-70.81
-66075.70%
-0.11
+99.94%
-189.10
Long Term Debt Issuance
100.98
+1502.68%
6.30
-45.21%
11.50
-93.07%
166.01
Long Term Debt Payments
-128.82
-81.93%
-70.81
-66075.70%
-0.11
+99.94%
-189.10
Net Long Term Debt Issuance
-27.84
+56.85%
-64.51
-666.20%
11.39
+149.34%
-23.09
Net Common Stock Issuance
—
—
0.00
+100.00%
-0.09
Common Stock Payments
—
—
0.00
+100.00%
-0.09
Repurchase Of Capital Stock
—
—
0.00
+100.00%
-0.09
Proceeds From Stock Option Exercised
0.28
-41.77%
0.47
-30.70%
0.68
-86.18%
4.95
Net Other Financing Charges
-5.27
+28.73%
-7.40
—
129.76
Changes In Cash
-4.57
-136.71%
12.44
+128.44%
-43.73
-252.58%
28.66
Effect Of Exchange Rate Changes
0.06
+122.54%
-0.28
-50.26%
-0.19
+57.91%
-0.45
Beginning Cash Position
29.45
+70.25%
17.30
-71.74%
61.22
+85.47%
33.01
End Cash Position
24.95
-15.28%
29.45
+70.25%
17.30
-71.74%
61.22
Free Cash Flow
-18.65
-31.48%
-14.18
+67.35%
-43.43
+48.29%
-83.99
Interest Paid Supplemental Data
9.65
-34.50%
14.73
-28.76%
20.68
-41.18%
35.16
Income Tax Paid Supplemental Data
1.23
+349.64%
0.27
+398.18%
0.06
+0.00%
0.06
Issuance Of Capital Stock
—
—
—
—
Net Preferred Stock Issuance
—
—
—
—
Preferred Stock Issuance
—
—
—
—
Sale Of Business
46.91
-52.15%
98.05
0.00
-100.00%
1.12
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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