FiscalNote Holdings (NOTE) Fair Value & Analysis
Technology · US · Market cap $3.6M
FiscalNote Holdings
NOTE · US
Fair value as of: Jul 29, 2026
From 1 valuation models · updated 12 days ago
Share price −9.0% over the past month.
Below-average quality, and screening another 15% overvalued on our models.
What matters now
- Weak quality (20/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range ($0.0605 to $0.1216) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 29, 2026.
How to read this chart
60‑month range $0.0859 – $129.36 · fair‑value band $0.0605 – $0.1216 · the $0.1001 price screens above the $0.0850 fair value. Dashed = 300-day average. As of Jul 29, 2026.
Analysis
FiscalNote Holdings (NOTE) currently trades at $0.1001, while our model-based Fair Value estimate is $0.0850, implying the stock looks roughly 15.1% overvalued today. The Quality Score stands at 20/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Trailing-twelve-month revenue stands at $87.9M. Revenue declined 27.2% year over year. Net debt stands at $127M. Fundamentals as of Jul 29, 2026
Our scenario range runs from $0.0605 (bear case) to $0.1216 (bull case); at $0.1001, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -15%, NOTE screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 20 · Market factors (momentum, volatility) 12
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
FiscalNote Holdings, Inc. operates as a technology provider for global policy and regulatory intelligence in North America, Europe, Australia, and Asia. The company operates PolicyNote which delivers legislative tracking, regulatory analysis, and stakeholder engagement.
Full company description
FiscalNote Holdings, Inc. operates as a technology provider for global policy and regulatory intelligence in North America, Europe, Australia, and Asia. The company operates PolicyNote which delivers legislative tracking, regulatory analysis, and stakeholder engagement. It also delivers extensive policy data integrated with AI-powered monitoring and expert analysis. The company serves midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups, and non-profits. FiscalNote Holdings, Inc. was founded in 2013 and is headquartered in Washington, the District Of Columbia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
FiscalNote Holdings reported revenue of $95.4M in FY2025 versus $82.9M in FY2021, a compound +3.6%/yr. Reported net income was −$65.2M in FY2025.
NOTE screens 15% overvalued. Compare with International Business Machines Corporation →
Peer Group
Information Technology Services · 480 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Information Technology Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.92 | $143.90 | -39% |
| Accenture plc ACNN | 2,460 MXN | 250.95 MXN | -90% |
| Infosys Limited INFY | ₹1,156 | ₹1,457 | +26% |
| HCL Technologies Limited HCLTECH | ₹1,204 | ₹1,230 | +2% |
| Wipro Limited WIPRO | ₹178.43 | ₹226.81 | +27% |
| Tech Mahindra Limited TECHM | ₹1,455 | ₹1,086 | -25% |
| Samsung SDS Co 018260 | 199,300 KRW | 196,390 KRW | -1% |
| Persistent Systems Limited PERSISTENT | ₹5,059 | ₹2,364 | -53% |
| Hyundai Autoever Corporation 307950 | 393,000 KRW | 133,088 KRW | -66% |
| Coforge Limited COFORGE | ₹1,541 | ₹702.84 | -54% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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