Reading NOTE? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track NOTE free→Reading NOTE? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track NOTE free→Information TechnologySnapshot 2026-06-16
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed, and it has a capital-unfriendly stance. Risk is high, and compared with sector peers, it is below typical for the sector, although the sector backdrop is a tailwind. The read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 0 valuation methods, at three horizons. Current price $0.18. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Not enough valuation methods to set a 12-month read yet.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 63% of the time over the next year (vs 62% for the rest of the cohort, n=2777).
Over the trailing year it converted 0.11x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$415.
How much price usually moves either way.
On a bad day, this stock has moved -$1,070.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $9,830.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: If sector revenue growth drops, it means the Information Technology sector is slowing down. This might hurt FiscalNote.
Confirms:Sector revenue growth falls below its median, indicating a slowdown.
Disproves:Sector revenue growth is still above average. This shows that the sector is strong.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for NOTE yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. Financial Results for the Quarter Ended March 31, 2026 On May 7, 2026, FiscalNote Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information disclosed under Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of th…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Information Technology (broad).
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
NOTE FiscalNote Holdings Inc | Below typical Show detailsSector percentile: 7 of 100 | — | high |
NVDA NVIDIA Corporation | Above typical Show detailsSector percentile: 88 of 100 | inexpensive | moderate |
AAPL Apple Inc | Above typical Show detailsSector percentile: 74 of 100 | expensive | moderate |
MSFT Microsoft | Above typical Show detailsSector percentile: 84 of 100 | expensive | moderate |
TSM Taiwan Semiconductor Manufacturing Co. Ltd. | — | — | moderate |
14 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated volatile grew net income 58% of the time over the next year (vs 61% for the rest of the cohort, n=793).
Not investment advice. As of 2026-06-16.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
The company aims to achieve positive adjusted EBITDA for the fiscal year 2026.
The company aims to achieve total revenues of $80 to $83 million for the fiscal year 2026.
The company is focused on improving cash flow from operating activities.
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing;
Results of Operations and Financial Condition. Financial Results for the Year Ended December 31, 2025 On March 19, 2026, FiscalNote Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information disclosed under Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of…
Other Events. On March 25, 2026, FiscalNote Holdings, Inc., a Delaware corporation (the “ Company ”) announced that it received a letter (the “ Delisting Notice ”) from the staff of the New York Stock Exchange (the “ Exchange ” or “ NYSE ”) indicating that the Company is not in compliance Rule 802.01C of the NYSE’s continued listing requirements, since, as of March 25, 2026, the 30-trading day average closing price of the Company’s shares of Class A common stock, par value $0.0001 per share (…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 15, 2026, Anna Sedgley, a member of the Board of Directors (the “ Board ”) of FiscalNote Holdings, Inc. (the “ Company ”), notified the Company of her decision to resign as a director effective on March 19, 2026. She has decided to resign in order to focus on other professional commitments, and not due to any disagreement with the Company…