FiscalNote Holdings, Inc.

NOTEOTCTechnology● Active

$0.17

+$0.00(+2.35%)

Market Cap$2688799

P/E Ratio—

52W High$10.2

52W Low$0.156

Avg Volume395K

Open$0.17

Beta0.77

Free Cash Flow Financials Revenue

FiscalNote Holdings, Inc. (NOTE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NOTE · free cash flow · updated Jun 8, 2026

Core FCF metrics

NOTE · FCF · TTM · margin & CAGR

Free cash flow was −$18.6M for FY2025 (fiscal year ending 2025-12-31), down 31.5% year-over-year The FCF margin was -19.5%.

FY2025 Free Cash Flow−$18.6M▼ -31.5% YoY

Trailing 12M (TTM)−$18.7Mtrailing 4 quarters sum

FCF Margin-19.5%−$18.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NOTE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$11.4M(7M)−$18.6M▼ 31.5%-19.5%

FY2024−$5.3M(9M)−$14.2M▲ +67.3%-11.8%

FY2023−$35.5M(8M)−$43.4M▲ +48.3%-32.7%

FY2022−$72.6M(11M)−$84.0M▼ 97.1%-73.8%

FY2021−$37.0M(6M)−$42.6M▼ 88.1%-51.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NOTE · P/FCF · FCF yield · FCF per share

FiscalNote Holdings, Inc. (NOTE) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NOTE · cash flow statement · operating / investing / financing

For FY2025, FiscalNote Holdings, Inc. generated −$11.4M in operating cash flow and spent 7M in capital expenditures, yielding −$18.6M in free cash flow.

Operating Activities

−$11.4M

Cash from core business operations

2025-12-31

Investing Activities

+$39.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$32.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$11.4M) − |CapEx| (7M) = FCF (−$18.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

NOTE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

FiscalNote Holdings, Inc.YOU

NOTE

−$18.6M-31.5%-19.5%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

FiscalNote Holdings, Inc. (NOTE) reported free cash flow of −$18.6M for FY2025 (fiscal year ending 2025-12-31), down 31.5% year-over-year. The FCF margin was -19.5%.

FiscalNote Holdings, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 7 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NOTE free cash flow · 8 questions

FiscalNote Holdings, Inc. free cash flow was −$18.6M for FY2025, down 31.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$18.7M.

NOTE free cash flowNOTE FCFNOTE FCF 2025NOTE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · FiscalNote Holdings, Inc. · FiscalNote Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026