FiscalNote Holdings Inc (NOTE)
OTCInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
$0.05-29.10%
Close 2026-09-04 · 1-day change
OTCInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · NOTE
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
A comparable price-assumption read is not available for this company.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Model as of — · Company calendar date is not available
NOTE — divestiture
Dated 2026-09-02
Entry into a Material Definitive Agreement. Introduction On August 27, 2026 (the “ Closing Date ”), FiscalNote Holdings, Inc. (the “ Company ”) sold the equity of its subsidiary owning and operating its FrontierView business (“ FrontierView ”). The proceeds from the sale of FrontierView were used to prepay $4.95 million of term loans, and $0.05 million of accrued and unpaid interest, under the Company’s Financing Agreement, dated August 5, 2025, with MGG Investment Group LP, as amended, and f…
Why it matters: Stabilizing ARR shows better customer loyalty and growth in the main business.
Supportive ifARR reported at $75 million or higher.
Worry ifARR falls below $75 million.
Why it matters: If sector revenue growth drops, it means the Information Technology sector is slowing down. This might hurt FiscalNote.
Worry ifSector revenue growth falls below its median, indicating a slowdown.
Less concerning ifSector revenue growth is still above average. This shows that the sector is strong.
Why it matters: Reaching this target means the company is making more money and working better.
Supportive ifQ3 2026 adjusted EBITDA is $3.5 million or more.
Worry ifQ3 2026 adjusted EBITDA is less than $3.5 million.
Why it matters: New enterprise customers in this area would show growth and market demand.
Supportive ifThere is news of at least two new enterprise customers for the API products.
Worry ifNo new enterprise customer wins reported in the next quarter.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$415 on $10,000 · ±4.1% | How much price usually moves either way. |
| Bad day | $1,395 loss on $10,000 · 13.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $9,902 loss on $10,000 · 99.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Lower operating expenses show good cost control. This leads to better operations.
Supportive ifOperating expenses go down from Q2 2026 levels.
Worry ifOperating expenses go up from Q2 2026 levels.
Why it matters: Better cash flow is important for the company's health. It shows improved management.
Supportive ifQ2 cash from operations was over $3 million.
Worry ifCash from operations falls back below $3 million.
Why it matters: Revenue growth is key for FiscalNote. A recovery means better business results.
Supportive ifQ2 revenue reported above $20 million, showing growth from Q1.
Worry ifQ2 revenue is below $20 million, which continues the decline.
Why it matters: This revenue target is important. It helps us see if the company can recover after recent drops.
Supportive ifQ3 2026 revenue reported at or above $19 million.
Worry ifQ3 2026 revenue reported below $19 million.
Why it matters: A rise in net revenue retention shows better customer engagement. It also means more stability.
Supportive ifNet revenue retention reported above 98% in the next quarter.
Worry ifNet revenue retention reported below 98% in the next quarter.
Why it matters: Positive free cash flow is key. It helps the company stay healthy and grow.
Supportive ifPositive free cash flow reported for the quarter ending April 2026.
Worry ifNegative free cash flow reported for the quarter ending April 2026.