FiscalNote
AI policy data and workflow tools for government affairs teams.
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Profile
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
Key statistics
Year to date −96.5% · Average volume (30d) 320.7K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.44 | −$1.06 | −140.9% | $19.9M | $19.6M | −1.5% | −10.65% |
| May 7, 2026Q1 FY26 | −$0.62 | −$2.39 | −285.5% | $20.3M | $20.0M | −1.6% | −2.00% |
| Mar 19, 2026Q4 FY25 | −$0.67 | −$0.66 | +1.5% | $22.4M | $22.2M | −0.9% | −14.84% |
| Nov 6, 2025Q3 FY25 | −$0.84 | −$1.73 | −106.0% | $22.4M | $22.4M | +0.1% | +2.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $27.5M | $23.3M | $22.4M | $22.2M | $20.0M | $19.6M | |
| Gross profit | $20.5M | $18.3M | $17.7M | $9.6M | $13.7M | $13.5M | |
| Operating income | −$13.8M | −$7.4M | −$9.7M | −$6.2M | −$6.1M | −$4.6M | |
| Net income | −$4.3M | −$13.3M | −$24.9M | −$22.9M | −$43.6M | −$27.8M | |
| Diluted EPS | −$0.34 | −$1.00 | −$1.73 | −$1.45 | −$2.39 | −$1.06 | |
| Gross margin | 74.6% | 78.7% | 78.7% | 43.4% | 68.6% | 68.9% | |
| Operating margin | -50.0% | -31.9% | -43.4% | -27.9% | -30.4% | -23.6% |
Fiscal years (4-quarter sums)FY21 $82.9M · FY22 $113.8M · FY23 $132.6M · FY24 $120.3M · FY25 $95.4M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $20.6M · Total debt $127.76B · Total assets $182.2M · Shareholders' equity $274.0K
Dividends
No dividends on record.
Ownership
Shares outstanding 15.44M · Float 11.72M · 75.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Key Compton · director, officer: President and CEO | 2.02M | 13.07% | Form 4 | Jul 28, 2026 |
| Tim Hwang · director, 10 percent owner: | 195.4K | 1.27% | Form 4 | Feb 4, 2026 |
| Josh Resnik · officer: President and CEO | 156.0K | 1.01% | Form 4 | Jul 29, 2026 |
| Jon Slabaugh · officer: CFO and SVP, Corp. Dev. | 107.6K | 0.70% | Form 4 | Jan 22, 2026 |
| Keith Nilsson · director | 90.7K | 0.59% | Form 4 | Dec 3, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 2, 2026 | Tim Hwang | director, 10 percent owner: | −4,090 | $1.20 |
| Jan 2, 2026 | Tim Hwang | director, 10 percent owner: | −1,716 | $1.61 |
| Dec 2, 2025 | Tim Hwang | director, 10 percent owner: | −5,590 | $1.91 |
| Nov 6, 2025 | Tim Hwang | director, 10 percent owner: | −7,695 | $2.59 |
| Oct 1, 2025 | Tim Hwang | director, 10 percent owner: | −4,766 | $4.80 |
Peers
Not reported.