NOTE

BEARISH

$0.2 Live

FiscalNote Holdings, Inc. · NYSE

Target $7.25 (+3543.2%)

$0.16 52W Range $10.2

NOTE FiscalNote Holdings, Inc. - Fundamental Analysis

BEARISH

Console Chart News

NOTE Stock | Fundamental Analysis & Investment Insights

NYSE • Technology • Information Technology Services

Current Price Live

$0.2

Analyst Target

$7.25

+3543.2% Upside

52W High

$10.2

52W Low

$0.16

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated May 01, 2026

Market cap

$4.05M

P/E

N/A

ROE

-81.7%

Profit margin

-68.4%

Debt/Equity

2.44

Dividend yield

N/A

AI Analysis

AI-powered fundamental assessment

Confidence

95%

FiscalNote (NOTE) exhibits severe financial distress, anchored by a critical Piotroski F-Score of 1/9, indicating fundamental instability. The company is experiencing a collapse in market value, with a 1-year price decline of 97.3% and shrinking revenue growth of -24.70%. Deeply negative profit margins (-68.39%) and high leverage (Debt/Equity of 2.44) suggest a high risk of insolvency or extreme dilution. Despite a stale analyst target price of $7.25, the deterministic data points to a company in a death spiral.

Key Strengths

Strong Gross Margin (77.78%)

Extremely low Price-to-Sales ratio (0.04)

Current Ratio slightly above 1.0 (1.02)

Low Price-to-Book ratio (0.05)

Recent Q/Q EPS growth improvement (though still negative)

Key Risks

High bankruptcy risk indicated by Piotroski F-Score of 1/9

Accelerating revenue decline (-24.70% YoY)

Unsustainable debt levels (Debt/Equity 2.44)

Severe negative profitability (ROE -81.67%)

Extreme technical bearishness with a 99.8% 5-year price drop

AI Fair Value Estimate

Based on comprehensive analysis

$0.15

-24.6% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Weak

Value

Future

Past

Health

Dividend

AI Verdict

Critical Distress

Key drivers: Piotroski F-Score 1/9, Revenue contraction, Massive market cap erosion, High leverage

Confidence

95%

Value

15/100

P/B 0.05, P/S 0.04

Positives

P/S of 0.04
P/B of 0.05

Watchpoints

Negative earnings render P/E useless
Value metrics are 'value traps' due to deteriorating fundamentals

Future

10/100

Revenue Growth -24.70%

Positives

Potential for pivot if costs are slashed

Watchpoints

Negative YoY revenue growth
Consistent earnings misses

Past

5/100

5Y Change -99.8%

Positives

No standout positives identified.

Watchpoints

99.8% 5-year decline
Catastrophic EPS surprises in 2022

Health

5/100

Piotroski F-Score 1/9

Positives

Current ratio > 1

Watchpoints

Piotroski F-Score 1/9
Debt/Equity 2.44

Dividend

0/100

Dividend Yield N/A

Positives

No standout positives identified.

Watchpoints

No dividend history
No capacity to pay

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$0.2

Analyst Target

$7.25

Upside/Downside

+3543.2%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for NOTE and closest competitors.

Updated 2026-04-30

Company	5Y	3Y	1Y	6M	1M	1W
NOTE FiscalNote Holdings, Inc. Primary	-99.8%	-99.0%	-97.3%	-95.0%	-22.0%	-13.5%
WTO UTime Limited Peer	-100.0%	-100.0%	-99.7%	-93.5%	-17.7%	-10.1%
HTCR HeartCore Enterprises, Inc. Peer	-95.8%	-76.1%	-68.3%	-75.8%	-32.5%	0.0%
SONM DNA X, Inc. Peer	-99.7%	-98.6%	-89.8%	-79.4%	-20.0%	+1.0%
JTAI Jet.AI Inc. Peer	-100.0%	-100.0%	-99.3%	-98.9%	-68.8%	-62.6%

NOT

FiscalNote Holdings, Inc.

Primary

-99.8%

-99.0%

-97.3%

-95.0%

-22.0%

-13.5%

WTO

UTime Limited

Peer

-100.0%

-99.7%

-93.5%

-17.7%

-10.1%

HTC

HeartCore Enterprises, Inc.

Peer

-95.8%

-76.1%

-68.3%

-75.8%

-32.5%

0.0%

SON

DNA X, Inc.

Peer

-99.7%

-98.6%

-89.8%

-79.4%

-20.0%

+1.0%

JTA

Jet.AI Inc.

Peer

-100.0%

-99.3%

-98.9%

-68.8%

-62.6%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

N/A

0.37

N/A

0.05

0.04

1.35

-4.59

$4.05M

Profitability

Profit margins and return metrics

Profit Margin -68.39%

Operating Margin -27.91%

Gross Margin 77.78%

ROE -81.67%

ROA -7.98%

Growth

Revenue and earnings growth rates

Revenue Growth -24.7%

Earnings Growth N/A

Q/Q Revenue Growth -24.66%

Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

2.44

High debt

Current Ratio

1.02

Good

Quick Ratio

0.88

Poor

Cash/Share

$1.36

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue

$0.0B

Gross Margin

64.4%

Op. Margin

-27.9%

Net Margin

-103.0%

Total Assets

$0.3B

Liabilities

$0.2B

Equity

$0.1B

Debt/Equity

3.12x

Operating CF

$-0.0B

CapEx

$-0.0B

Free Cash Flow

$-0.0B

FCF Yield

689%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-05-07

$N/A

2026-03-19

$-0.3

-45.6% surprise

2025-11-06

$-0.38

-4.8% surprise

2025-08-07

$-0.39

+19.0% surprise

Technology Sector Comparison

Comparing NOTE against 600 companies in the Technology sector (46 bullish, 214 neutral, 340 bearish)

Return on Equity (ROE)

-81.67%

This Stock

-31.82%

Sector Avg

+156.7% (Excellent)

Profit Margin

-68.39%

This Stock

-11.88%

Sector Avg

+475.6% (Superior)

Debt to Equity

2.44

This Stock

0.77

Sector Avg

+214.8% (Higher)

Revenue Growth

-24.7%

This Stock

4122.0%

Sector Avg

-100.6% (Slower)

Current Ratio

1.02

This Stock

3.69

Sector Avg

-72.2% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
NOTE FiscalNote Holdings, Inc.	BEARISH	$4.05M	-	-81.7%	-68.4%	$0.2
WTO UTime Limited	BEARISH	$3.79M	-	-253.7%	-251.5%	$2.24	Compare
HTCR HeartCore Enterprises, Inc.	BEARISH	$4.32M	-	-77.9%	64.6%	$3.4	Compare
SONM DNA X, Inc.	BEARISH	$4.47M	-	-%	-%	$3.0	Compare
JTAI Jet.AI Inc.	BEARISH	$3.61M	0.09	32.2%	50.0%	$6.06	Compare

NOTE FiscalNote Holdings, Inc.

BEARISH

Mkt Cap

$4M

P/E

ROE

-81.7%

Price

$0.2

Compare with NOTE

Compare with NOTE

Compare with NOTE

Compare with NOTE

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-02-02	HWANG TIMOTHY T.	Director and Beneficial Owner of more than 10% of a Class of Security	Sale	4,090	$4,901
2026-01-02	HWANG TIMOTHY T.	Director and Beneficial Owner of more than 10% of a Class of Security	Sale	1,716	$2,761
2025-12-31	RESNIK JOSHUA W	Chief Executive Officer	Stock Award	3,376	$4,220
2025-12-02	HWANG TIMOTHY T.	Director and Beneficial Owner of more than 10% of a Class of Security	Sale	5,590	$10,696
2025-12-01	JAIN MANOJ	Director and Beneficial Owner of more than 10% of a Class of Security	Stock Award	3,424	-
2025-12-01	SWEENEY BRANDON	Director	Stock Award	5,136	-
2025-12-01	NILSSON KEITH	Director	Stock Award	3,424	-
2025-12-01	SEDGLEY ANNA	Director	Stock Award	6,278	-
2025-11-06	HWANG TIMOTHY T.	Director and Beneficial Owner of more than 10% of a Class of Security	Sale	7,695	$19,961

HWANG TIMOTHY T.

Director and Beneficial Owner of more than 10% of a Class of Security

Sell

2026-02-02

4,090 shares · $4,901

HWANG TIMOTHY T.

Director and Beneficial Owner of more than 10% of a Class of Security

Sell

2026-01-02

1,716 shares · $2,761

RESNIK JOSHUA W

Chief Executive Officer

Stock Award

2025-12-31

3,376 shares · $4,220

HWANG TIMOTHY T.

Director and Beneficial Owner of more than 10% of a Class of Security

Sell

2025-12-02

5,590 shares · $10,696

JAIN MANOJ

Director and Beneficial Owner of more than 10% of a Class of Security

Stock Award

2025-12-01

3,424 shares

SWEENEY BRANDON

Director

Stock Award

2025-12-01

5,136 shares

NILSSON KEITH

Director

Stock Award

2025-12-01

3,424 shares

SEDGLEY ANNA

Director

Stock Award

2025-12-01

6,278 shares

HWANG TIMOTHY T.

Director and Beneficial Owner of more than 10% of a Class of Security

Sell

2025-11-06

7,695 shares · $19,961

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

8-K

2026-04-21

NOTE filed a current report on April 21, 2026, likely to announce its first-quarter financial results.

DEF 14A

2026-04-15

NOTE filed its Definitive Proxy Statement on April 15, 2026, providing shareholders with necessary information to vote on matters at the upcoming annual meeting.

8-K

2026-03-26

NOTE filed an 8-K on March 26, 2026, likely to announce its periodic financial results.

10-K

2026-03-24

NOTE filed its 10-K annual report on March 24, 2026, which includes sections on business operations, risk factors, and management's discussion and analysis. No specific financial highlights or detailed risk factors were provided in the available excerpts.

8-K

2026-03-19

8-K

2026-03-19

8-K

2026-02-20

NOTE filed an 8-K on February 20, 2026, likely to announce its fourth-quarter and full-year financial results.

8-K

2026-02-17

NOTE filed an 8-K on February 17, 2026, likely to announce its financial results for the most recent fiscal period.

10-Q

2025-11-10

NOTE filed its quarterly 10-Q report on November 10, 2025. The filing includes a dedicated section for risk factors under Item 1A, although specific financial highlights and detailed risk descriptions were not provided in the available excerpt.

8-K

2025-11-06

NOTE filed a current report on November 6, 2025, to disclose material corporate events.

8-K

2025-10-31

8-K

2025-09-11

8-K

2025-08-29

10-Q

2025-08-15

8-K

2025-08-07

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

NONE

3 analysts

Ladenburg Thalmann

2026-03-26

Maintains

Buy Buy

Past News Coverage

Recent headlines mentioning NOTE from our newsroom.

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NOTE

NOTE FiscalNote Holdings, Inc. - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Technology Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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