FiscalNote Holdings Inc (NOTE) FinancialsNOTEFinancialFiscalNote Holdings Inc

FiscalNote Holdings Inc (NOTE) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Subscription, accounting for 91.9% of total sales, equivalent to $21.38M. Other significant revenue streams include Other revenue and Advertising. Understanding this composition is critical for investors evaluating how NOTE navigates market cycles within the Software industry.

Evaluating the bottom line, FiscalNote Holdings Inc maintains a gross margin of 71.20%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -25.23%, while the net margin is -103.01%. These profitability ratios, combined with a Return on Equity (ROE) of -81.67%, provide a clear picture of how effectively NOTE converts its operational activities into shareholder value.

In the context of the broader market, NOTE competes directly with industry leaders such as MIGI and OLB. With a market capitalization of N/A, it holds a significant position in the sector. When comparing efficiency, NOTE's gross margin of 71.20% stands against MIGI's -72.39% and OLB's 10.37%. Such benchmarking helps identify whether FiscalNote Holdings Inc is trading at a premium or discount relative to its financial performance.

In Q4 2025, revenue dropped to $22.2M (-24.66% YoY), net income improved to -$22.87M (up 70.90% YoY), and EPS increased to -1.45 (up 29.46% YoY). However, gross margin declined to 71.2% (-3.71% YoY), and free cash flow is not expected until Q1 2027.