NOTE · XBRL financial data

FiscalNote Holdings financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NOTE's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025†Dec 31, 2025
Revenue from contracts with customers	—	82,912	113,765	132,645	120,266	95,407
Research and development	—	24,017	20,736	18,186	12,828	9,571
General and administrative	—	5,940	77,801	65,550	50,236	52,137
Total operating expenses	—	138,494	201,954	230,384	152,207	144,911
Operating income (loss)	—	(5,940)	(88,189)	(97,739)	(31,941)	(49,504)
Interest income	—	71	—	—	—	—
Interest expense	—	64,800	95,741	29,940	23,589	16,488
Other income (expense)	—	(333)	(1,045)	(68)	(26)	105
Income tax expense (benefit)	—	(7,889)	(3,254)	223	536	(1,250)
Net income (loss)	—	(3,656)	(218,257)	(115,461)	9,517	(65,247)
Earnings per share, basic USD per share	—	(19.80)	(3.68)	(0.88)	0.07	(4.65)
Earnings per share, diluted USD per share	—	(19.80)	(3.68)	(0.88)	0.07	(4.65)
Weighted average shares, basic thousands of shares	—	15,504	66,514	131,400	137,281	14,025
Weighted average shares, diluted thousands of shares	—	15,504	66,514	131,400	137,281	14,025

† Share count changed about 2x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/10 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (NOTE's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025†Dec 31, 2025
Cash and cash equivalents	0	618	60,388	16,451	28,814	24,319
Short-term investments	—	—	—	7,134	5,796	1,995
Accounts receivable	—	11,174	14,909	16,931	13,465	11,953
Total current assets	1,201	1,081	86,005	49,805	57,187	45,550
Property and equipment, net	—	7,509	7,325	6,141	5,051	4,177
Right-of-use asset	—	—	21,005	17,782	15,620	13,646
Goodwill	120,671	188,768	194,362	187,703	159,061	122,984
Total assets	176,232	176,182	433,157	370,561	326,197	255,138
Accounts payable	4	1,736	—	—	—	—
Accrued liabilities	180	2,942	—	—	—	—
Current portion of long-term debt	—	13,567	68	105	36	2,813
Total current liabilities	360	4,679	62,112	65,650	51,253	44,426
Long-term debt	—	317,613	161,980	222,310	147,041	125,635
Lease liability, non-current	—	—	29,110	26,162	22,490	19,312
Total liabilities	27,290	30,491	288,467	327,102	228,366	193,187
Accumulated deficit	(26,058)	(29,309)	(700,743)	(816,416)	(806,899)	(872,146)
Total stockholders' equity	(26,058)	(29,309)	144,690	43,459	97,831	61,951
Total liabilities and equity	176,232	176,182	433,157	370,561	326,197	255,138

† Share count changed about 2x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/10 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (NOTE's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025†Dec 31, 2025
Net income (loss)	—	(3,656)	(218,257)	(115,461)	9,517	(65,247)
Stock-based compensation	—	1,010	38,047	27,057	17,949	14,785
Net cash from operating activities	—	(1,030)	(72,625)	(35,494)	(5,298)	(11,443)
Net cash from investing activities	—	(49,196)	(10,242)	(20,317)	89,168	39,710
Proceeds from issuing common stock	—	—	(45,242)	—	—	—
Share repurchases	—	—	88	—	—	—
Proceeds from long-term debt	—	61,165	166,014	11,500	6,301	100,985
Repayments of long-term debt	—	—	189,105	107	70,808	128,821
Net cash from financing activities	—	1,648	111,530	12,077	(71,432)	(32,833)
Net change in cash	—	618	28,214	(43,923)	12,154	(4,502)

† Share count changed about 2x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/10 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 7389 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7389 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
FiscalNote Holdings	17,953	19,581	(2,125)*	not reported	9.4 quarters	Q2 FY26 10-QJun 30, 2026
Emerald Holding	121,100	155,400	28,700	197.9M	—	Q1 FY26 10-QMar 31, 2026
Heritage Global	13,179	12,265	1,617*	34.6M	—	Q2 FY26 10-QJun 30, 2026
Bridger Aerospace Group Holdings	7,241	30,494	(15,705)*	58.8M	0.5 quarters	Q2 FY26 10-QJun 30, 2026
Datavault AI	1,400	6,717	(71,236)*	949.7M	0.0 quarters	Q2 FY26 10-QJun 30, 2026
Getty Images Holdings	51,621	229,098	(108,726)*	421.0M	0.5 quarters	Q2 FY26 10-QJun 30, 2026
Research Solutions	12,630	12,081*	1,775*	33.8M	—	Q4 FY26 10-KJun 30, 2026
Altisource Portfolio Solutions	25,055	51,920	3,482*	11.4M	—	Q3 FY26 10-QSep 30, 2026
Dhi Group	3,769	31,341	6,098*	43.4M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.