Delisting riskPopularity #5,230
NOTE · NYSE · Information Technology Services

FiscalNote (NOTE)

AI policy data and workflow tools for government affairs teams.

$0.0360
After hours+0.00 (+5.88%)
At close$0.0340(−5.56%)
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FiscalNote Holdings, Inc.NOTE
Information Technology

FiscalNote provides AI-driven policy and regulatory intelligence through PolicyNote, CQ, Roll Call and VoterVoice. Its tools help enterprises, government agencies, trade groups and nonprofits monitor legislation, regulation, stakeholders and advocacy workflows.

FiscalNote is an operating software and information-services company focused on policy, regulatory and political intelligence. Its flagship PolicyNote suite combines legislative tracking, regulatory monitoring, stakeholder management, expert analysis from CQ and Roll Call, and grassroots mobilization data from VoterVoice. The company says its products ingest unstructured public-policy information and apply in-house AI and data science to turn it into structured alerts, research, reports and workflows.

Customers include government affairs teams, public-sector users, trade associations, nonprofits and companies that need to understand policy change and coordinate advocacy. Recent company materials emphasize consolidation around PolicyNote, API access for enterprise and AI workflows, and product additions such as bill comparison, reporting upgrades and personalized impact summaries. After a March 2026 NYSE delisting notice, FiscalNote said its operations and customer commitments were unchanged while it explored listing alternatives.

Company facts

CEOKey Compton
ListedDec 7, 2020
ExchangeNYSE
HeadquartersWashington, DC
CountryUnited States
Employees370
CIK0001823466
ISINUS3376553026

Market cap$555.7K
EPS (ttm)−$6.63
P/E (ttm)−0.0054
ROE-293.3%
P/B2.03
P/S0.0066
Dividend yieldDiv yield
Beta2.10vs XLK 0.31

Price target$7.25+24,066.7%Average of 8 analysts
ConsensusBuy6 of 8 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 5, 26
in 44 days
EPS estimate
−$0.48
Revenue estimate
$19.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$1.20−$0.36−$0.96−$1.73−$1.45−$2.39−$1.06Pending
Estimate−$0.91−$0.84−$0.74−$0.84−$0.67−$0.62−$0.44−$0.48
Surprise−31.8%+57.3%−29.0%−106.0%−116.4%−285.5%−140.9%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$29.5M$27.5M$23.3M$22.4M$22.2M$20.0M$19.6MPending
Estimate$29.0M$26.5M$22.8M$22.4M$22.4M$20.3M$19.9M$19.3M
Surprise+1.6%+3.9%+1.9%0.0%−0.9%−1.6%−1.5%
Estimate−$0.48
ReportedDue Nov 5, 2026
Estimate$19.3M
ReportedDue Nov 5, 2026
View details

Debt to equity51,166.10%
Current ratio21.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$29.4M$29.5M$27.5M$23.3M$22.4M$22.2M$20.0M$19.6M
Net income−$14.9M−$13.4M−$4.3M−$13.3M−$24.9M−$22.9M−$43.6M−$27.8M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$6.8M−$5.7M−$13.8M−$7.4M−$9.7M−$6.2M−$6.1M−$4.6M
YoY growthLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss widenedLoss widenedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $20.6M · Total debt $140.2M · Total assets $182.2M · Shareholders' equity $274.0K

Revenue
$19.6M
Operating income
−$4.6M
Net income
−$27.8M
View details

No dividends on record.

Institutions0.02%7.1K shares
4 holders · as of Mar 31, 2026
Insiders11.61%3.54M shares
14 holders · as of Jul 29, 2026
Other88.37%26.92M shares
remainder

30.47M company shares as of Sep 22, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (30.47M in the company's Sep 22, 2026 report, 15.44M elsewhere); stakes use the report.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Key ComptonInsiderdirector, officer: President and CEO
6.62%2.02M Afiled Jul 28, 2026
Tim HwangInsiderdirector, 10 percent owner
2.59%195,399 A · 592,385 Bfiled Feb 4, 2026
Josh ResnikInsiderofficer: President and CEO
0.51%156,041 Afiled Jul 29, 2026
Jon SlabaughInsiderofficer: CFO and SVP, Corp. Dev.
0.35%107,582 Afiled Jan 22, 2026
Keith NilssonInsiderdirector
0.30%90,713 Afiled Dec 3, 2025

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Feb 2, 2026Tim Hwangdirector, 10 percent owner: −4,090$1.20
Jan 2, 2026Tim Hwangdirector, 10 percent owner: −1,716$1.61
Dec 2, 2025Tim Hwangdirector, 10 percent owner: −5,590$1.91
Nov 6, 2025Tim Hwangdirector, 10 percent owner: −7,695$2.59
Oct 1, 2025Tim Hwangdirector, 10 percent owner: −4,766$4.80
View details

Not reported.