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NOTE Stock Chart & Stats
$0.12
<$0.01(8.61%)
At close: 4:00 PM EDT
$0.12
<$0.01(8.61%)
Day’s Range― - ―
52-Week Range$0.06 - $5.63
Previous CloseN/A
Volume201.09K
Average Volume (3M)281.53K
Market Cap
$2.04M
Enterprise Value$122.63
Total Cash (Recent Filing)$19.95B
Total Debt (Recent Filing)$127.76B
Price to Earnings (P/E)―
Beta2.60
Next Earnings
Nov 17, 2026EPS Estimate
-0.48Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.63
Shares Outstanding28,519,148
10 Day Avg. Volume199,122
30 Day Avg. Volume281,531
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.33
Price to Sales (P/S)0.22
P/FCF Ratio-1.11
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-4.2
Revenue Forecast (FY)$78.88M
Bulls Say, Bears Say
Bulls Say
Subscription ModelA predominantly subscription-based revenue model supports recurring relationships and scalable delivery. The high subscription mix and 88% adjusted gross margin indicate that the core platform can generate attractive unit economics if customer retention and demand stabilize.
Proprietary Data AdvantageWinning a head-to-head API trial validates FiscalNote’s proprietary policy data and creates a potentially scalable distribution channel. Integrations with major technology platforms can broaden product reach and strengthen the strategic value of its content.
Operational EfficiencyCost reductions across revenue, R&D, sales, marketing, and G&A are improving profitability despite weak sales. A higher adjusted EBITDA margin provides a stronger base for cash conservation and may support resilience while management works toward stabilization.
Bears Say
Revenue ContractionDeclines in total revenue, ARR, and subscription revenue show that weakness is affecting the core recurring business rather than only ancillary activities. Sustained contraction can reduce operating leverage, weaken customer momentum, and limit visibility into a durable recovery.
Extreme LeverageThe extremely high debt burden leaves little balance-sheet flexibility and makes the company more dependent on lender negotiations or external capital. Refinancing, restructuring, or dilution could constrain investment in products and weaken outcomes for existing stakeholders.
Negative Free Cash FlowPositive TTM operating cash flow has not translated into self-funding because free cash flow remains meaningfully negative. The history of negative operating and free cash flow suggests that the business has not yet demonstrated sustained cash generation to support debt and ongoing investment.
FiscalNote Holdings News
NOTE FAQ
What was Fiscalnote Holdings Inc’s price range in the past 12 months?
Fiscalnote Holdings Inc lowest stock price was $0.06 and its highest was $5.63 in the past 12 months.
What is Fiscalnote Holdings Inc’s market cap?
Fiscalnote Holdings Inc’s market cap is $2.04M.
When is Fiscalnote Holdings Inc’s upcoming earnings report date?
Fiscalnote Holdings Inc’s upcoming earnings report date is Nov 17, 2026 which is in 84 days.
How were Fiscalnote Holdings Inc’s earnings last quarter?
Fiscalnote Holdings Inc released its earnings results on Aug 10, 2026. The company reported -$1.06 earnings per share for the quarter, missing the consensus estimate of -$0.44 by -$0.62.
Is Fiscalnote Holdings Inc overvalued?
According to Wall Street analysts Fiscalnote Holdings Inc’s price is currently Overvalued.
Does Fiscalnote Holdings Inc pay dividends?
Fiscalnote Holdings Inc does not currently pay dividends.
What is Fiscalnote Holdings Inc’s EPS estimate?
Fiscalnote Holdings Inc’s EPS estimate is -0.48.
How many shares outstanding does Fiscalnote Holdings Inc have?
Fiscalnote Holdings Inc has 28,519,148 shares outstanding.
What happened to Fiscalnote Holdings Inc’s price movement after its last earnings report?
Fiscalnote Holdings Inc reported an EPS of -$1.06 in its last earnings report, missing expectations of -$0.44. Following the earnings report the stock price went down -16.25%.
Which hedge fund is a major shareholder of Fiscalnote Holdings Inc?
Currently, no hedge funds are holding shares in NOTE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Fiscalnote Holdings Inc
FiscalNote Holdings Inc. operates as a premier technology and data firm, specializing in the global provision of vital legal data and actionable insights. They achieve this by integrating advanced artificial intelligence, machine learning, and other proprietary technologies with robust analytics, practical workflow tools, and specialized expert research. This comprehensive intelligence is then delivered via their suite of public policy and issues management solutions, along with powerful platforms for optimizing workflows, orchestrating advocacy campaigns, and nurturing constituent relationships. FiscalNote caters to a diverse clientele, including Fortune 100 corporations, governmental agencies, law firms, professional service providers, industry trade groups, and non-profit organizations. The company's operations are headquartered in Washington, D.C.
NOTE Company Deck
NOTE Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Negative
The call mixed operational progress (improving net revenue retention, margin expansion, cost reductions, and a strategic API customer win) with material financial and capital challenges (double-digit revenue and ARR declines, a $19.1M goodwill impairment driving a GAAP loss, sharply lower non-subscription revenue, reduced full-year guidance, and delisting/capital-structure uncertainty). While management is emphasizing stabilization and a path to return to growth, the magnitude of declines and balance-sheet/listing issues weigh heavily on the near-term outlook.View all NOTE earnings summariesTechnical Analysis
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Ownership Overview
21.35% Insiders
0.83% Mutual Funds
<0.01% Other Institutional Investors
77.82% Public Companies and
Individual Investors