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MARKETS / BALCAO / NOTE
BALCAO · SERVICES-BUSINESS SERVICES, NEC · MID CAP

FiscalNote Holdings, Inc. NOTE

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$95.4M
▼ 20.7% YoY
$-65.2M
▼ 785.6% YoY
$-18.6M
In brief

What this company does

FiscalNote Holdings, Inc. ingests unstructured data on legislative and regulatory developments and overlays that data with in-house AI and data science tools to produce structured, actionable information for its customers. It serves customers in more than 40 countries, including global enterprises, of which 46 are Fortune 100 companies, midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups and non-profits. As of December 31, 2025, it had over 540 employees. It generates recurring revenues primarily through a subscription-based model, which accounted for approximately 93% of its 2025 total revenues. Its headquarters is located in Washington, D.C., and it maintains offices in the United Kingdom, Belgium, India, and Singapore. Its portfolio of public policy intelligence products includes PolicyNote, CQ Federal, and Curate. FiscalNote was established in 2013.

Written from the business description in FiscalNote Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 March 2026. Every sentence was checked against that document before publication.

Growth
USD 95.4M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 95.4 · Net income -65.2
50M100M-80M-160M20212022202320242025
Compound annual growth
−5.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−68 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -51.9% · Net -68.4%
-50%-100%-150%20212022202320242025
ROE
FY2025 · ROE -81.7%
-50%-100%20212022202320242025

Each USD of equity lost 82 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -18.6
-40M-80M20212022202320242025
Net buybacks $M Dividends $M
FY2022 · Dividends — · Net buybacks -45.2
-20M-40M2022

Total assetsUSD 255.1M
EquityUSD 62.0M
CashUSD 24.3M
Gross debtUSD 128.4M
Net debtUSD 104.1M
Current ratio1.03×

Net debt stands at 168% of equity.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.10.10.10.10.1
Operating income $B−0.0−0.0−0.1−0.1−0.1
EBITDA $B−0.0−0.0−0.1−0.1−0.1
Income tax $B−0.00.00.0−0.0−0.0
Net income $B−0.10.0−0.1−0.2−0.1
Free cash flow $B−0.0−0.0−0.0−0.1−0.0
EPS, diluted $−4.650.83−0.88−3.68−19.80
Dividend / sh $·····
Payout %·····
ROE %−81.713.5−122.7··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 56 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onOTC market
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2021

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