FiscalNote (NOTE) Stock Price, News & Analysis

Company Overview

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, D.C., with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary. Users can track bills, committee hearings, rulemaking proceedings and political developments in real time, with customizable dashboards, automated alerts and workflow tools designed to streamline policy monitoring and advocacy efforts.

FiscalNote has expanded its product suite and content offerings through strategic acquisitions, including its 2018 purchase of CQ Roll Call, a news and analysis provider covering the U.S. Congress and Capitol Hill. The company serves a broad range of clients—such as legal departments, corporate affairs teams, financial services firms, pharmaceutical companies and trade associations—helping them anticipate regulatory changes, assess policy risk and engage effectively with stakeholders.

Under the leadership of co-founder and CEO Timothy Hwang, FiscalNote employs a team of policy analysts, data scientists and software engineers to support decision-makers navigating complex political and regulatory environments. The company continues to invest in machine learning, natural language processing and expanded data sources to enhance its predictive capabilities and global coverage.

Key Stats

• Today's Range: $4.69 to $5.48
• 50-Day Range: $3.99 to $10.01
• 52-Week Range: $3.80 to $24.36
• Volume: 545,291 shs
• Average Volume: 249,998 shs
• Market Capitalization: $73.13 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $29.25
• Consensus Rating: Buy

FiscalNote Stock Analysis - MarketRank™

FiscalNote scored higher than 61% of companies evaluated by MarketBeat, and ranked 124th out of 305 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Buy

Consensus Rating

FiscalNote has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Upside Potential

FiscalNote has a consensus price target of $29.25, representing about 470.3% upside from its current price of $5.13.

Amount of Analyst Coverage

FiscalNote has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for FiscalNote are expected to grow in the coming year, from ($0.43) to ($0.38) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FiscalNote is -1.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of FiscalNote is -1.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

FiscalNote has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.40% of the float of FiscalNote has been sold short.

Short Interest Ratio / Days to Cover

FiscalNote has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in FiscalNote has recently increased by 20.44%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

FiscalNote does not currently pay a dividend.

Dividend Growth

FiscalNote does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.40% of the float of FiscalNote has been sold short.

Short Interest Ratio / Days to Cover

FiscalNote has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in FiscalNote has recently increased by 20.44%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.10

News Sentiment

FiscalNote has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.86 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for FiscalNote this week, compared to 3 articles on an average week.

Search Interest

21 people have searched for NOTE on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

13 people have added FiscalNote to their MarketBeat watchlist in the last 30 days. This is an increase of 225% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, FiscalNote insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $56,746.00 in company stock.

Percentage Held by Insiders

37.20% of the stock of FiscalNote is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

54.31% of the stock of FiscalNote is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NOTE Stock Analysis - Frequently Asked Questions

How have NOTE shares performed this year?

FiscalNote's stock was trading at $12.84 at the beginning of 2025. Since then, NOTE stock has decreased by 60.1% and is now trading at $5.1290.

How were FiscalNote's earnings last quarter?

FiscalNote Holdings, Inc. (NYSE:NOTE) released its quarterly earnings results on Thursday, August, 7th. The company reported ($0.96) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.08) by $0.12. The business earned $23.26 million during the quarter, compared to the consensus estimate of $22.83 million. FiscalNote had a negative trailing twelve-month return on equity of 61.31% and a negative net margin of 41.79%.
Read the conference call transcript.

When did FiscalNote's stock split?

FiscalNote shares reverse split before market open on Tuesday, September 2nd 2025.The 1-12 reverse split was announced on Friday, August 22nd 2025. The number of shares owned by shareholders was adjusted after the closing bell on Friday, August 29th 2025. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

Who are FiscalNote's major shareholders?

Top institutional shareholders of FiscalNote include Geode Capital Management LLC (0.55%), Citizens Financial Group Inc. RI (0.30%), Marshall Wace LLP (0.27%) and NewEdge Advisors LLC (0.17%). Insiders that own company stock include Josh Resnik, Tim Hwang, Conrad Yiu, Todd Aman, Keith Nilsson, Jon Slabaugh, Paul Donnell, Stanley A Mcchrystal, Gerald Yao and Richard Henderson.
View institutional ownership trends.

How do I buy shares of FiscalNote?

Shares of NOTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of FiscalNote own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FiscalNote investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Alphabet (GOOG).

Company Calendar

• Last Earnings: 8/07/2025
• Today: 9/10/2025
• Next Earnings (Estimated): 11/11/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Business Services
• Current Symbol: NYSE:NOTE
• CIK: 1823466
• Web: www.dsac.co
• Phone: 202-793-5300
• Fax: N/A
• Employees: 790
• Year Founded: 2013

Price Target and Rating

• Average Price Target for FiscalNote: $29.25
• High Price Target: $45.00
• Low Price Target: $18.00
• Potential Upside/Downside: +468.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): ($3.84)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $9.52 million
• Net Margins: -41.79%
• Pretax Margin: -43.66%
• Return on Equity: -61.31%
• Return on Assets: -19.10%

Debt

• Debt-to-Equity Ratio: 1.23
• Current Ratio: 1.25
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $120.27 million
• Price / Sales: 0.61
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $7.77 per share
• Price / Book: 0.66

Miscellaneous

• Outstanding Shares: 14,340,000
• Free Float: 9,008,000
• Market Cap: $73.78 million
• Optionable: Optionable
• Beta: 0.57