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FISCALNOTE HOLDINGS INC (NOTE) Stock Fundamental Analysis

NYSE:NOTE - New York Stock Exchange, Inc. - US3376551046 - Common Stock - Currency: USD

0.54  0 (-0.83%)

After market: 0.546 +0.01 (+1.11%)

Fundamental Rating

1

Overall NOTE gets a fundamental rating of 1 out of 10. We evaluated NOTE against 80 industry peers in the Professional Services industry. NOTE has a bad profitability rating. Also its financial health evaluation is rather negative. NOTE has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year NOTE has reported negative net income.
NOTE had a negative operating cash flow in the past year.
NOTE had negative earnings in 4 of the past 5 years.
NOTE had a negative operating cash flow in each of the past 5 years.
NOTE Yearly Net Income VS EBIT VS OCF VS FCFNOTE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -100M -200M -300M

1.2 Ratios

NOTE's Return On Assets of -15.13% is on the low side compared to the rest of the industry. NOTE is outperformed by 80.00% of its industry peers.
The Return On Equity of NOTE (-44.70%) is worse than 80.00% of its industry peers.
Industry RankSector Rank
ROA -15.13%
ROE -44.7%
ROIC N/A
ROA(3y)-28.25%
ROA(5y)-39.12%
ROE(3y)-141.72%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NOTE Yearly ROA, ROE, ROICNOTE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 500 -500 -1K

1.3 Margins

With an excellent Gross Margin value of 86.54%, NOTE belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
In the last couple of years the Gross Margin of NOTE has grown nicely.
The Profit Margin and Operating Margin are not available for NOTE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 86.54%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.09%
GM growth 5YN/A
NOTE Yearly Profit, Operating, Gross MarginsNOTE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -100 -200 -300

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2

2. Health

2.1 Basic Checks

NOTE does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, NOTE has more shares outstanding
Compared to 1 year ago, NOTE has an improved debt to assets ratio.
NOTE Yearly Shares OutstandingNOTE Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M
NOTE Yearly Total Debt VS Total AssetsNOTE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

NOTE has an Altman-Z score of -3.46. This is a bad value and indicates that NOTE is not financially healthy and even has some risk of bankruptcy.
NOTE has a Altman-Z score of -3.46. This is amonst the worse of the industry: NOTE underperforms 90.00% of its industry peers.
A Debt/Equity ratio of 1.16 is on the high side and indicates that NOTE has dependencies on debt financing.
NOTE's Debt to Equity ratio of 1.16 is on the low side compared to the rest of the industry. NOTE is outperformed by 76.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.16
Debt/FCF N/A
Altman-Z -3.46
ROIC/WACCN/A
WACC9.11%
NOTE Yearly LT Debt VS Equity VS FCFNOTE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.28 indicates that NOTE should not have too much problems paying its short term obligations.
NOTE has a Current ratio (1.28) which is comparable to the rest of the industry.
NOTE has a Quick Ratio of 1.28. This is a normal value and indicates that NOTE is financially healthy and should not expect problems in meeting its short term obligations.
NOTE has a Quick ratio (1.28) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.28
Quick Ratio 1.28
NOTE Yearly Current Assets VS Current LiabilitesNOTE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 20M 40M 60M 80M

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2

3. Growth

3.1 Past

NOTE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -29.17%.
NOTE shows a decrease in Revenue. In the last year, the revenue decreased by -9.33%.
Measured over the past years, NOTE shows a quite strong growth in Revenue. The Revenue has been growing by 13.20% on average per year.
EPS 1Y (TTM)-29.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.11%
Revenue 1Y (TTM)-9.33%
Revenue growth 3Y13.2%
Revenue growth 5YN/A
Sales Q2Q%-20.45%

3.2 Future

NOTE is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -165.69% yearly.
The Revenue is expected to grow by 7.03% on average over the next years.
EPS Next Y-589.6%
EPS Next 2Y-165.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-18.84%
Revenue Next 2Y7.03%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NOTE Yearly Revenue VS EstimatesNOTE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M 100M
NOTE Yearly EPS VS EstimatesNOTE Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 0 -1 -2 -3 -4

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NOTE. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NOTE. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NOTE Price Earnings VS Forward Price EarningsNOTE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NOTE Per share dataNOTE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5

4.3 Compensation for Growth

A cheap valuation may be justified as NOTE's earnings are expected to decrease with -165.69% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-165.69%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for NOTE!.
Industry RankSector Rank
Dividend Yield N/A

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FISCALNOTE HOLDINGS INC

NYSE:NOTE (8/14/2025, 4:44:00 PM)

After market: 0.546 +0.01 (+1.11%)

0.54

0 (-0.83%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-10 2025-11-10/bmo
Inst Owners37.83%
Inst Owner Change-0.31%
Ins Owners10.83%
Ins Owner Change32.42%
Market Cap85.44M
Analysts83.64
Price Target2.91 (438.89%)
Short Float %10.26%
Short Ratio5.06
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)38.19%
Min EPS beat(2)-0.55%
Max EPS beat(2)76.93%
EPS beat(4)2
Avg EPS beat(4)24.24%
Min EPS beat(4)-11.56%
Max EPS beat(4)76.93%
EPS beat(8)4
Avg EPS beat(8)26.01%
EPS beat(12)5
Avg EPS beat(12)-139.85%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.83%
Min Revenue beat(2)-0.41%
Max Revenue beat(2)2.07%
Revenue beat(4)1
Avg Revenue beat(4)-0.07%
Min Revenue beat(4)-1.44%
Max Revenue beat(4)2.07%
Revenue beat(8)2
Avg Revenue beat(8)-1.03%
Revenue beat(12)2
Avg Revenue beat(12)-2.89%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-2.98%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.5%
EPS NY rev (1m)0%
EPS NY rev (3m)20.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.84%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.74
P/FCF N/A
P/OCF N/A
P/B 0.84
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.25
Fwd EYN/A
FCF(TTM)-0.09
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS0.73
BVpS0.64
TBVpS-0.7
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -15.13%
ROE -44.7%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 86.54%
FCFM N/A
ROA(3y)-28.25%
ROA(5y)-39.12%
ROE(3y)-141.72%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.09%
GM growth 5YN/A
F-Score5
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 1.16
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 44.6%
Cap/Sales 7.93%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.28
Quick Ratio 1.28
Altman-Z -3.46
F-Score5
WACC9.11%
ROIC/WACCN/A
Cap/Depr(3y)42.35%
Cap/Depr(5y)41.75%
Cap/Sales(3y)7.79%
Cap/Sales(5y)7.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-29.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.11%
EPS Next Y-589.6%
EPS Next 2Y-165.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.33%
Revenue growth 3Y13.2%
Revenue growth 5YN/A
Sales Q2Q%-20.45%
Revenue Next Year-18.84%
Revenue Next 2Y7.03%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y41.24%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year133.24%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y83.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y93.68%
OCF growth 3YN/A
OCF growth 5YN/A