NOTE Fundamental Analysis - FISCALNOTE HOLDINGS INC

Name: FISCALNOTE HOLDINGS INC (NOTE) Stock
Brand: FISCALNOTE HOLDINGS INC
Rating: 3 (3 reviews)

Fundamental Rating

NOTE gets a fundamental rating of 1 out of 10. The analysis compared the fundamentals against 86 industry peers in the Professional Services industry. NOTE may be in some trouble as it scores bad on both profitability and health. NOTE has a expensive valuation and it also scores bad on growth.

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1. Profitability

1.1 Basic Checks

In the past year NOTE has reported negative net income.

In the past year NOTE has reported a negative cash flow from operations.

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.

1.2 Ratios

With a Return On Assets value of -15.90%, NOTE is not doing good in the industry: 79.07% of the companies in the same industry are doing better.

With a Return On Equity value of -46.86%, NOTE is not doing good in the industry: 77.91% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
ROA	-15.9%
ROE	-46.86%
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

1.3 Margins

Looking at the Gross Margin, with a value of 86.88%, NOTE belongs to the top of the industry, outperforming 94.19% of the companies in the same industry.

NOTE's Gross Margin has improved in the last couple of years.

The Profit Margin and Operating Margin are not available for NOTE so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	86.88%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y2.09%

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

NOTE does not have a ROIC to compare to the WACC, probably because it is not profitable.

The number of shares outstanding for NOTE has been increased compared to 1 year ago.

NOTE has a better debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of -3.83, we must say that NOTE is in the distress zone and has some risk of bankruptcy.

The Altman-Z score of NOTE (-3.83) is worse than 86.05% of its industry peers.

NOTE has a Debt/Equity ratio of 1.19. This is a high value indicating a heavy dependency on external financing.

NOTE has a Debt to Equity ratio of 1.19. This is in the lower half of the industry: NOTE underperforms 74.42% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.19
Debt/FCF	N/A
Altman-Z	-3.83

ROIC/WACCN/A

WACC7.94%

2.3 Liquidity

A Current Ratio of 1.25 indicates that NOTE should not have too much problems paying its short term obligations.

NOTE's Current ratio of 1.25 is in line compared to the rest of the industry. NOTE outperforms 40.70% of its industry peers.

A Quick Ratio of 1.25 indicates that NOTE should not have too much problems paying its short term obligations.

NOTE has a Quick ratio (1.25) which is in line with its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.25
Quick Ratio	1.25

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

The earnings per share for NOTE have decreased strongly by -43.40% in the last year.

Looking at the last year, NOTE shows a decrease in Revenue. The Revenue has decreased by -9.33% in the last year.

NOTE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.20% yearly.

EPS 1Y (TTM)-43.4%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-31.06%

Revenue 1Y (TTM)-9.33%

Revenue growth 3Y13.2%

Revenue growth 5YN/A

Sales Q2Q%-23.81%

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 -162.60% yearly.

Based on estimates for the next years, NOTE will show a decrease in Revenue. The Revenue will decrease by -8.06% on average per year.

EPS Next Y-603.2%

EPS Next 2Y-162.6%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year-19.2%

Revenue Next 2Y-8.06%

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.

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Find the best growth stocks

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4. Valuation

4.1 Price/Earnings Ratio

NOTE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

Also next year NOTE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

NOTE's earnings are expected to decrease with -162.60% in the coming years. This may justify a cheaper valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y-162.6%

EPS Next 3YN/A

More info and screens

Show best valued peers

5. Dividend

5.1 Amount

NOTE does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

More info and screens

Find the best dividend stocks

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FISCALNOTE HOLDINGS INC

NYSE:NOTE (11/12/2025, 5:51:19 PM)

After market: 2.7219 +0 (+0.07%)

2.72

-0.04 (-1.45%)

Chartmill FA Rating

GICS SectorIndustrials

GICS IndustryGroupCommercial & Professional Services

GICS IndustryProfessional Services

Earnings (Last)11-06 2025-11-06/amc

Earnings (Next)03-11 2026-03-11/bmo

Inst Owners31.08%

Inst Owner Change-9.55%

Ins Owners9.82%

Ins Owner Change12.32%

Market Cap39.09M

Revenue(TTM)120.27M

Net Income(TTM)-45.84M

Analysts84

Price Target32.13 (1081.25%)

Short Float %14.48%

Short Ratio1.88

Dividend

		Industry Rank	Sector 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)35.47%

Min EPS beat(2)-5.99%

Max EPS beat(2)76.93%

EPS beat(4)1

Avg EPS beat(4)14.71%

Min EPS beat(4)-11.56%

Max EPS beat(4)76.93%

EPS beat(8)4

Avg EPS beat(8)35.02%

EPS beat(12)5

Avg EPS beat(12)-74.05%

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)1

Avg Revenue beat(2)0.99%

Min Revenue beat(2)-0.09%

Max Revenue beat(2)2.07%

Revenue beat(4)1

Avg Revenue beat(4)0.27%

Min Revenue beat(4)-0.49%

Max Revenue beat(4)2.07%

Revenue beat(8)2

Avg Revenue beat(8)-0.69%

Revenue beat(12)2

Avg Revenue beat(12)-2.18%

Revenue beat(16)N/A

Avg Revenue beat(16)N/A

PT rev (1m)0%

PT rev (3m)1005.26%

EPS NQ rev (1m)0%

EPS NQ rev (3m)-1100%

EPS NY rev (1m)0%

EPS NY rev (3m)-1133.33%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-1.87%

Revenue NY rev (1m)0%

Revenue NY rev (3m)-0.44%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	0.36
P/FCF	N/A
P/OCF	N/A
P/B	0.4
P/tB	N/A
EV/EBITDA	N/A

EPS(TTM)-4.13

EYN/A

EPS(NY)-2.94

Fwd EYN/A

FCF(TTM)-1.05

FCFYN/A

OCF(TTM)-0.5

OCFYN/A

SpS7.63

BVpS6.81

TBVpS-7.79

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-15.9%
ROE	-46.86%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	N/A
GM	86.88%
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

ROICexgc growth 3YN/A

ROICexgc 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 Turnover0.38

Health

		Industry Rank	Sector Rank
Debt/Equity	1.19
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	41.05%
Cap/Sales	7.23%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	1.25
Quick Ratio	1.25
Altman-Z	-3.83

F-Score5

WACC7.94%

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)-43.4%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-31.06%

EPS Next Y-603.2%

EPS Next 2Y-162.6%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)-9.33%

Revenue growth 3Y13.2%

Revenue growth 5YN/A

Sales Q2Q%-23.81%

Revenue Next Year-19.2%

Revenue Next 2Y-8.06%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y31.88%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year132.14%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y81.97%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y90.33%

OCF growth 3YN/A

OCF growth 5YN/A

FISCALNOTE HOLDINGS INC / NOTE FAQ

What is the fundamental rating for NOTE stock?

ChartMill assigns a fundamental rating of 1 / 10 to NOTE.

Can you provide the valuation status for FISCALNOTE HOLDINGS INC?

ChartMill assigns a valuation rating of 0 / 10 to FISCALNOTE HOLDINGS INC (NOTE). This can be considered as Overvalued.

How profitable is FISCALNOTE HOLDINGS INC (NOTE) stock?

FISCALNOTE HOLDINGS INC (NOTE) has a profitability rating of 1 / 10.

What is the expected EPS growth for FISCALNOTE HOLDINGS INC (NOTE) stock?

The Earnings per Share (EPS) of FISCALNOTE HOLDINGS INC (NOTE) is expected to decline by -603.2% in the next year.

FISCALNOTE HOLDINGS INC (NOTE) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

More info and screens

FISCALNOTE HOLDINGS INC / NOTE FAQ

What is the fundamental rating for NOTE stock?

Can you provide the valuation status for FISCALNOTE HOLDINGS INC?

How profitable is FISCALNOTE HOLDINGS INC (NOTE) stock?

What is the expected EPS growth for FISCALNOTE HOLDINGS INC (NOTE) stock?