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NOTE Stock Chart & Stats
$0.26
-$0.14(-10.53%)
At close: 4:00 PM EST
$0.26
-$0.14(-10.53%)
Day’s Range― - ―
52-Week Range$0.11 - $10.20
Previous CloseN/A
Volume3.11M
Average Volume (3M)223.60K
Market Cap
$3.07M
Enterprise Value$123.79M
Total Cash (Recent Filing)$26.47M
Total Debt (Recent Filing)$144.97M
Price to Earnings (P/E)―
Beta2.98
Next Earnings
Aug 06, 2026EPS Estimate
-0.44Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.57
Shares Outstanding25,961,842
10 Day Avg. Volume253,125
30 Day Avg. Volume223,602
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 Cap40.35
Enterprise Value/Revenue1.41
Enterprise Value/Gross Profit2.09
Enterprise Value/Ebitda-4.35
Forecast
1Y Price Target
$6.63Price Target Upside2448.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-2.78
Revenue Forecast (FY)$80.84M
Bulls Say, Bears Say
Bulls Say
Recurring SaaS Revenue ModelA subscription-based SaaS model creates durable, contract-driven revenue and predictable renewal dynamics across enterprise and government customers. This supports long-term customer lifetime value, upsell potential, and unit economics that can scale with modest incremental cost as products and datasets are reused.
High Gross MarginsSustained ~70% gross margins indicate the business delivers high-value digital content and analytics with low incremental delivery costs. If revenue stabilizes, margins enable operating leverage, funding product development and AI integrations without proportional increases in cost of goods sold.
Product Modernization & AI StrategyMigrating customers to PolicyNote and integrating AI and APIs is a structural move to modernize the stack, improve retention, and monetize proprietary regulatory data. These initiatives can expand addressable market via API/data licensing and partnerships with model providers, boosting long-term revenue mix.
Bears Say
Very High LeverageExtremely elevated leverage limits financial flexibility and raises refinancing and covenant risk, especially following NYSE delisting and forbearance arrangements. High subordinated debt can accelerate distress if operating cash flow remains negative, constraining strategic options and investment capacity.
Negative Cash GenerationConsistent negative OCF and FCF mean the business does not self-fund operations or growth, necessitating ongoing external financing or creditor concessions. This persistent cash burn increases reliance on debt extensions or equity actions, raising execution risk for multi-quarter strategic initiatives.
Declining Revenue & LossesA multi-year pattern of soft or declining revenue combined with renewed losses undermines the ability to achieve operating leverage. Even with strong gross margins, falling top-line reduces fixed-cost absorption, delays path to profitability, and weakens bargaining power with creditors and enterprise customers.
FiscalNote Holdings News
NOTE FAQ
What was FiscalNote Holdings’s price range in the past 12 months?
FiscalNote Holdings lowest stock price was $0.11 and its highest was $10.20 in the past 12 months.
What is FiscalNote Holdings’s market cap?
FiscalNote Holdings’s market cap is $3.07M.
When is FiscalNote Holdings’s upcoming earnings report date?
FiscalNote Holdings’s upcoming earnings report date is Aug 06, 2026 which is in 28 days.
How were FiscalNote Holdings’s earnings last quarter?
FiscalNote Holdings released its earnings results on May 07, 2026. The company reported -$2.39 earnings per share for the quarter, missing the consensus estimate of -$0.6 by -$1.79.
Is FiscalNote Holdings overvalued?
According to Wall Street analysts FiscalNote Holdings’s price is currently Undervalued.
Does FiscalNote Holdings pay dividends?
FiscalNote Holdings does not currently pay dividends.
What is FiscalNote Holdings’s EPS estimate?
FiscalNote Holdings’s EPS estimate is -0.44.
How many shares outstanding does FiscalNote Holdings have?
FiscalNote Holdings has 25,961,842 shares outstanding.
What happened to FiscalNote Holdings’s price movement after its last earnings report?
FiscalNote Holdings reported an EPS of -$2.39 in its last earnings report, missing expectations of -$0.6. Following the earnings report the stock price went down -2%.
Which hedge fund is a major shareholder of FiscalNote Holdings?
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
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive momentum in corporate sales and product innovation, but was offset by challenges such as revenue declines due to divestitures and federal sector volatility. Cost management efforts showed positive results, yet increased G&A expenses and a decline in ARR highlight areas for improvement.View all NOTE earnings summariesNOTE Stock 12 Month Forecast
Average Price Target
$6.63
▲(2448.08% Upside)
Technical Analysis
Ownership Overview
17.88% Insiders
0.91% Mutual Funds
<0.01% Other Institutional Investors
81.20% Public Companies and
Individual Investors