Brokers Offer Predictions for FiscalNote FY2025 Earnings

FiscalNote Holdings, Inc. (NYSE:NOTE) – Stock analysts at Northland Securities issued their FY2025 EPS estimates for FiscalNote in a research note issued to investors on Monday, February 2nd. Northland Securities analyst M. Latimore forecasts that the company will post earnings of ($4.67) per share for the year. The consensus estimate for FiscalNote’s current full-year earnings is ($0.43) per share. Northland Securities also issued estimates for FiscalNote’s Q4 2025 earnings at ($0.60) EPS, Q1 2026 earnings at ($0.44) EPS, Q2 2026 earnings at ($0.40) EPS, Q3 2026 earnings at ($0.36) EPS, Q4 2026 earnings at ($0.32) EPS and FY2026 earnings at ($1.52) EPS.

Several other brokerages have also weighed in on NOTE. LADENBURG THALM/SH SH raised shares of FiscalNote to a “strong-buy” rating in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FiscalNote in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, FiscalNote has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

FiscalNote Stock Performance

Shares of FiscalNote stock opened at $1.12 on Wednesday. The firm has a market cap of $17.52 million, a PE ratio of -0.26 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.66. FiscalNote has a 52 week low of $1.09 and a 52 week high of $24.36. The business’s fifty day simple moving average is $1.67 and its 200-day simple moving average is $3.88.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.89). FiscalNote had a negative return on equity of 75.96% and a negative net margin of 54.31%.The business had revenue of $22.43 million during the quarter, compared to analysts’ expectations of $22.83 million.

Institutional Investors Weigh In On FiscalNote

Several large investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI boosted its stake in shares of FiscalNote by 147.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company’s stock valued at $252,000 after buying an additional 280,000 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of FiscalNote by 8.2% during the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock worth $384,000 after buying an additional 35,984 shares during the period. Focus Partners Wealth raised its holdings in FiscalNote by 830.9% in the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock valued at $647,000 after acquiring an additional 714,091 shares in the last quarter. NewEdge Advisors LLC lifted its stake in FiscalNote by 617.6% in the second quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock worth $144,000 after acquiring an additional 230,733 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in FiscalNote in the second quarter worth approximately $232,000. Hedge funds and other institutional investors own 54.31% of the company’s stock.

Key FiscalNote News

Here are the key news stories impacting FiscalNote this week:

• Neutral Sentiment: Northland sees losses narrowing after FY2026 — the firm projects FY2027 EPS of ($1.05), an improvement from its FY2026 forecast — which suggests a recovery path but still no near-term profitability. MarketBeat NOTE Coverage
• Negative Sentiment: Northland’s FY2026 forecast is much worse than consensus (Northland: ($1.52) vs. consensus ~($0.43)), implying deeper-than-expected losses that can pressure valuation and investor confidence. MarketBeat NOTE Coverage
• Negative Sentiment: The firm issued negative quarterly EPS forecasts across 2025–2027 (examples: Q4 2025 ($0.60), Q1 2026 ($0.44), Q2 2026 ($0.40), Q3 2026 ($0.36), Q4 2026 ($0.32)), signaling persistent quarterly losses through multiple periods — a continuing headwind for the share price until revenue/margin improvement becomes evident. MarketBeat NOTE Coverage
• Negative Sentiment: Northland also models an acute FY2025 loss (($4.67) per share), highlighting either one-time items or a weak baseline year that could complicate near-term comparables and investor sentiment. MarketBeat NOTE Coverage

FiscalNote Company Profile

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, DC, 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.