Northland Securities Weighs in on FiscalNote FY2025 Earnings

FiscalNote Holdings, Inc. (NYSE:NOTE) – Analysts at Northland Securities issued their FY2025 EPS estimates for shares of FiscalNote in a research report issued to clients and 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 equities research analysts also recently commented on NOTE. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FiscalNote in a report on Thursday, January 22nd. LADENBURG THALM/SH SH upgraded shares of FiscalNote to a “strong-buy” rating in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.25.

FiscalNote Stock Down 6.8%

NOTE stock opened at $1.17 on Wednesday. The stock has a fifty day moving average of $1.70 and a 200-day moving average of $3.93. FiscalNote has a fifty-two week low of $1.11 and a fifty-two week high of $24.36. The company has a market capitalization of $18.30 million, a price-to-earnings ratio of -0.27 and a beta of 0.62. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.01 and a current ratio of 1.01.

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

Institutional Trading of FiscalNote

A number of hedge funds and other institutional investors have recently bought and sold shares of NOTE. Bank of America Corp DE lifted its stake in FiscalNote by 51.5% in the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after purchasing an additional 16,675 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of FiscalNote by 8.2% in 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 in the last quarter. Focus Partners Wealth raised its position in shares of FiscalNote by 830.9% in the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock worth $647,000 after buying an additional 714,091 shares in the last quarter. International Assets Investment Management LLC grew its position in FiscalNote by 25.2% during the second quarter. International Assets Investment Management LLC now owns 158,835 shares of the company’s stock worth $85,000 after buying an additional 32,000 shares in the last quarter. Finally, R Squared Ltd purchased a new position in FiscalNote during the second quarter worth about $27,000. Institutional investors own 54.31% of the company’s stock.

Key Headlines Impacting FiscalNote

Here are the key news stories impacting FiscalNote this week:

• Positive Sentiment: Northland’s longer‑range outlook shows improvement by FY2027 (forecast FY2027 EPS of ($1.05) with quarterly losses narrowing through the year), which suggests a path to smaller losses that could be constructive if management executes on revenue and margin progress.
• Neutral Sentiment: Northland issued comprehensive coverage and specific quarterly estimates through 2027 (adds analyst visibility and a clear benchmark for future results), giving investors updated targets to measure upcoming reports against.
• Negative Sentiment: Northland’s near‑term estimates are significantly more bearish than consensus: FY2026 EPS of ($1.52) (vs. consensus ~($0.43)), quarter-by-quarter 2026 losses (Q1 $‑0.44, Q2 $‑0.40, Q3 $‑0.36, Q4 $‑0.32) and FY2025 at ($4.67). Those larger projected losses raise concerns about cash burn, financing needs and dilution risk for a company with a small market cap and elevated leverage. MarketBeat FiscalNote 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.