NOTE Stock Financial Analysis - FiscalNote Holdings, Inc. (NYSE) Stock

Overview

FiscalNote Holdings, Inc., based in the United States, operates primarily within the legal technology sector, providing a platform that offers real-time legal and regulatory data, aiming to transform how global organizations manage risk and compliance issues. The company has developed a suite of software services, which includes tools for monitoring legislative and regulatory developments, stakeholder management, and issues management, designed to enhance the decision-making capabilities of corporate and governmental agencies by harnessing artificial intelligence and machine learning technologies. FiscalNote’s offerings support various entities in navigating complex, dynamically changing policymaking environments efficiently, illustrating its commitment to integrating cutting-edge technology with legal and regulatory solutions.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for FiscalNote Holdings, Inc. as of June 30, 2025 is 109.68 MM.
The operating income for FiscalNote Holdings, Inc. as of June 30, 2025 is -33.73 MM.
The net income for FiscalNote Holdings, Inc. as of June 30, 2025 is -45.84 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	109.68	-33.73	-45.84
2025-03-31	115.67	-34.26	-45.33
2024-12-31	120.27	-31.95	9.52
2024-09-30	125.06	-41.44	-27.85
2024-06-30	129.63	-49.05	-27.38
2024-03-31	133.23	-57.76	-45.59
2023-12-31	132.65	-66.44	-115.46
2023-09-30	129.83	-69.99	-107.26
2023-06-30	124.89	-98.80	-201.79
2023-03-31	119.22	-92.84	-209.18
2022-12-31	113.77	-85.79	-218.26
2022-09-30	106.78	-81.20	-196.67
2022-06-30	99.48	-51.51	-115.63
2022-03-31	91.63	-54.16	-111.35
2021-12-31	82.91	-50.88	-109.42
2021-09-30	75.10	-43.03	-101.76
2020-12-31	65.16	-26.31	-51.27

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31	-0.32	-0.35
2024-12-31	0.07	0.07
2024-09-30	-0.21	-0.21
2024-06-30	-0.21	-0.21
2024-03-31	-0.35	-0.33
2023-12-31	-0.88	-0.88
2023-09-30	-0.81	-0.64
2023-06-30	-1.83	-1.83
2023-03-31	-2.57	-2.56
2022-12-31	-3.68
2022-09-30	-5.32	-5.93
2022-06-30	-9.12	-9.12
2022-03-31	-16.91	-16.91
2021-12-31	-19.80	-19.80
2021-09-30	-26.42	-26.42
2020-12-31	-8.74

Cash Flow: Operations, Investing, Financing

The cash from operating activities for FiscalNote Holdings, Inc. as of June 30, 2025 is -7.21 MM.
The cash from investing activities for FiscalNote Holdings, Inc. as of June 30, 2025 is 39.01 MM.
The cash from financing activities for FiscalNote Holdings, Inc. as of June 30, 2025 is -28.42 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	-7.21	39.01	-28.42
2025-03-31	-4.75	38.26	-28.44
2024-12-31	-5.30	89.17	-71.43
2024-09-30	-7.50	82.53	-66.07
2024-06-30	-16.28	75.73	-66.31
2024-03-31	-19.93	75.75	-65.96
2023-12-31	-35.49	-20.32	12.08
2023-09-30	-47.07	-20.84	6.58
2023-06-30	-74.48	-13.30	98.37
2023-03-31	-75.25	-14.99	98.07
2022-12-31	-72.62	-10.24	111.53
2022-09-30	-70.37	-26.62	139.83
2022-06-30	-44.77	-27.44	58.95
2022-03-31	-41.75	-46.47	76.47
2021-12-31	-37.05	-49.20	74.31
2021-09-30	-29.28	-33.70	64.18
2020-12-31	-17.17	-5.49	60.68

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/book for FiscalNote Holdings, Inc. as of June 30, 2025 is 0.83.
The p/tbv for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.72.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30		0.83	-0.72
2025-03-31		1.30	-0.87
2024-12-31	-5.49	1.55	-0.96
2024-09-30	-6.08	1.56	-1.11
2024-06-30	-4.24	1.82	-1.26
2024-03-31	-1.50	3.98	-0.70
2023-12-31	-1.38	1.77	-0.62
2023-09-30	-1.33	2.87	-1.14
2023-06-30	-2.22	3.30	-2.39
2023-03-31	-1.37	2.06
2022-12-31		4.58	-6.22
2022-09-30		-8.25	-2.00
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2020-12-31

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.29.
The ebit (3y)/ev for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.58.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	-0.29	-0.58
2025-03-31	0.04	-0.33
2024-12-31	-0.10	-0.43
2024-09-30	-0.09	-0.39
2024-06-30	-0.14	-0.40
2024-03-31	-0.30	-0.40
2023-12-31	-0.31	-0.40
2023-09-30	-0.46	-0.24
2023-06-30	-0.36	-0.22
2023-03-31	-0.55	-0.33
2022-12-31	-0.15	-0.08
2022-09-30	-0.07	-0.05
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2020-12-31

Management Effectiveness

The roa for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.13.
The roe for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.42.
The roic for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.19.
The croic for FiscalNote Holdings, Inc. as of June 30, 2025 is 0.02.
The ocroic for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.02.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.13	-0.42	-0.19	0.02	-0.02
2025-03-31	0.03	0.09	0.04	0.04	-0.02
2024-12-31	-0.08	-0.64	-0.10	0.03	-0.03
2024-09-30	-0.07	-0.33	-0.10	-0.02	-0.06
2024-06-30	-0.10	-0.32	-0.16	-0.04	-0.07
2024-03-31	-0.27	-0.80	-0.39	-0.15	-0.12
2023-12-31	-0.24	-0.59	-0.33	-0.19	-0.14
2023-09-30	-0.51		-0.59	0.03	-0.22
2023-06-30	-0.52		-0.67	0.03	-0.25
2023-03-31	-0.53		-0.63	0.02	-0.23
2022-12-31	-0.55		-0.52	0.11	-0.19
2022-09-30	-0.32		-0.32	0.07	-0.12
2022-06-30	-0.41	-14.95	-0.33	-0.04	-0.13
2022-03-31	-0.40	-14.40	-0.31	-0.03	-0.12
2021-12-31	-0.39	-14.15	-0.36	-0.04	-0.12
2021-09-30			-0.34	0.00	-0.10
2020-12-31	-0.21	-2.91	-0.23	0.17	-0.08

Gross Margins

The gross margin for FiscalNote Holdings, Inc. as of June 30, 2025 is 0.78.
The net margin for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.39.
The operating margin for FiscalNote Holdings, Inc. as of June 30, 2025 is -0.30.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.78	-0.39	-0.30
2025-03-31	0.79	0.08	-0.27
2024-12-31	0.75	-0.22	-0.33
2024-09-30	0.72	-0.21	-0.38
2024-06-30	0.71	-0.34	-0.43
2024-03-31	0.70	-0.87	-0.50
2023-12-31	0.71	-0.83	-0.54
2023-09-30	0.72	-1.62	-0.79
2023-06-30	0.72	-1.62	-0.79
2023-03-31	0.72	-1.75	-0.78
2022-12-31	0.71	-1.84	-0.76
2022-09-30	0.72	-1.84	-0.76
2022-06-30	0.72	-1.16	-0.52
2022-03-31	0.73	-1.22	-0.59
2021-12-31	0.74	-1.32	-0.61
2021-09-30	0.77	-1.36	-0.62
2020-12-31	0.81	-0.79	-0.41