NOTE FiscalNote (NOTE) Insider Trading, Ownership & Congress Trades
Services · Services-business services, nec · CIK 0001823466
Congress · 3
Insider buyers, 180 days
0
Funds added, last quarter
0
13F, latest reported quarter
What the filings say about NOTE
Congress, 1 year
3 bought · 0 sold
Latest: purchase, 2026-05-04
FiscalNote insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
No insider purchases or sales are on record for FiscalNote Holdings, Inc. in the period covered. Source: SEC Form 4 filings, as of 2026-10-27.
Insider
Filed
Shares
Value
Since filing
Context
- 50 earlier Form 4 trades (code P or S) here by this insider (50 sales), the last on Jan 2, 2026.
- The trade is 0.5% of the 195,399 shares held after it.
- No other insider sold within 30 days.
Insider activity: Director Hwang Tim sold about $1.2K of NOTE on Feb 2, 2026.Context
- 50 earlier Form 4 trades (code P or S) here by this insider (50 sales), the last on Jan 2, 2026.
- The trade is 1.6% of the 196,407 shares held after it.
- No other insider sold within 30 days.
Insider activity: Director Hwang Tim sold about $3.7K of NOTE on Feb 2, 2026.Context
- 48 earlier Form 4 trades (code P or S) here by this insider (48 sales), the last on Dec 2, 2025.
- The trade is 0.2% of the 199,489 shares held after it.
- No other insider sold within 30 days.
Insider activity: Director Hwang Tim sold about $681 of NOTE on Jan 2, 2026.Context
- 48 earlier Form 4 trades (code P or S) here by this insider (48 sales), the last on Dec 2, 2025.
- The trade is 0.6% of the 199,912 shares held after it.
- No other insider sold within 30 days.
Insider activity: Director Hwang Tim sold about $2.1K of NOTE on Jan 2, 2026.Context
- 46 earlier Form 4 trades (code P or S) here by this insider (46 sales), the last on Nov 6, 2025.
- The trade is 2.1% of the 202,582 shares held after it.
- No other insider sold within 30 days.
Insider activity: Director Hwang Tim sold about $8.0K of NOTE on Dec 2, 2025.150 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
no insider buys or sells on file
Congress
3 members bought in the last year
more than 90% of Services
Funds
under five funds report holding it
Revenue
-20.7% year over year
below 89% of Services
Margin
-68.4% net margin
below 87% of Services
Buybacks
no share repurchases reported
Short interest
0.3% of the float short (float per yahoo 2026-10-26) · 1.0 days to cover · settled 2026-09-30
below 81% of Services
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch NOTE
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-99.7%12M
Insider sell
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns NOTE: institutional holders (13F)
13F holdings, latest reported quarter
SEC 13F
No reported 13F holders
No fund above the reporting threshold listed this stock last quarter. That is a fact, not missing data.
Congress trades in NOTE
STOCK Act disclosures, US House only, filed up to 45 days after the trade
Bought 2026-05-04 · disclosed 45 days later
$50,001 - $100,000
Bought 2026-02-18 · disclosed 28 days later
$50,001 - $100,000
Bought 2025-12-31 · disclosed 16 days later
$15,001 - $50,000
Bought 2025-12-30 · disclosed the same day
$5,000,001 - $25,000,000
Bought 2025-12-30 · disclosed 1 day later
$5,000,001 - $25,000,000
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
NOTE planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
The complete filing record, in one place.
The record shows 3 House member(s) bought in 12 months, disclosed weeks after the trade. Each figure is a federal filing, dated the day it went public.
NOTE financials
Revenue growth
-20.7%
XBRL, annual
Net margin
-68.4%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$84.2M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM NOTE
| FY Dec 2025 | $95.4M |
| FY Dec 2024 | $120.3M |
| FY Dec 2023 | $132.6M |
| FY Dec 2022 | $113.8M |
| FY Dec 2021 | n/a |
| Jun 2026 | $19.6M |
| Mar 2026 | $20.0M |
| Dec 2025 | $22.2M |
| Sep 2025 | $22.4M |
| Jun 2025 | $23.3M |
| Mar 2025 | $27.5M |
| Dec 2024 | $29.5M |
| Sep 2024 | $29.4M |
At each fiscal year end
Single quarter
Net margin, TTM
-141.5%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM NOTE
| FY Dec 2025 | -68.4% |
| FY Dec 2024 | +7.9% |
| FY Dec 2023 | -87.0% |
| FY Dec 2022 | -191.8% |
| FY Dec 2021 | n/a |
| Jun 2026 | -142.1% |
| Mar 2026 | -217.8% |
| Dec 2025 | -103.0% |
| Sep 2025 | -110.8% |
| Jun 2025 | -57.0% |
| Mar 2025 | -15.4% |
| Dec 2024 | -45.4% |
| Sep 2024 | -50.7% |
At each fiscal year end
Single quarter
Free cash flow, TTM
-$14.7M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM NOTE
| FY Dec 2025 | -$18.6M |
| FY Dec 2024 | -$14.2M |
| FY Dec 2023 | -$43.4M |
| FY Dec 2022 | -$84.0M |
| FY Dec 2021 | n/a |
| Jun 2026 | -$3.8M |
| Mar 2026 | $1.4M |
| Dec 2025 | -$1.9M |
| Sep 2025 | -$10.4M |
| Jun 2025 | -$7.7M |
| Mar 2025 | $1.3M |
| Dec 2024 | -$3.4M |
| Sep 2024 | -$5.4M |
At each fiscal year end
Single quarter
Debt to equity
435.21x
long-term 2026-06-30 plus current 2026-06-30; equity 2026-06-30
Debt to equity NOTE
| FY Dec 2025 | 2.07x |
| FY Dec 2024 | 1.50x |
| FY Dec 2023 | 5.12x |
| FY Dec 2022 | 1.12x |
| FY Dec 2021 | n/a |
| Jun 2026 | 435.21x |
| Mar 2026 | 4.97x |
| Dec 2025 | 2.07x |
| Sep 2025 | 1.74x |
| Jun 2025 | 1.23x |
| Mar 2025 | 1.20x |
| Dec 2024 | 1.50x |
| Sep 2024 | 1.54x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
-0.06x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt NOTE
| FY Dec 2025 | -0.09x |
| FY Dec 2024 | -0.04x |
| FY Dec 2023 | -0.16x |
| FY Dec 2022 | -0.45x |
| FY Dec 2021 | -0.11x |
| Jun 2026 | -0.06x |
| Mar 2026 | -0.10x |
| Dec 2025 | -0.09x |
| Sep 2025 | -0.10x |
| Jun 2025 | -0.06x |
| Mar 2025 | -0.04x |
| Dec 2024 | -0.04x |
| Sep 2024 | -0.05x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-249.9%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity NOTE
| FY Dec 2025 | -81.7% |
| FY Dec 2024 | +13.5% |
| FY Dec 2023 | -122.7% |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | -249.9% |
| Mar 2026 | -169.4% |
| Dec 2025 | -81.7% |
| Sep 2025 | -64.1% |
| Jun 2025 | -45.4% |
| Mar 2025 | -44.3% |
| Dec 2024 | +13.5% |
| Sep 2024 | -30.6% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-50.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets NOTE
| FY Dec 2025 | -22.4% |
| FY Dec 2024 | +2.7% |
| FY Dec 2023 | -28.7% |
| FY Dec 2022 | -53.8% |
| FY Dec 2021 | n/a |
| Jun 2026 | -50.6% |
| Mar 2026 | -40.8% |
| Dec 2025 | -22.4% |
| Sep 2025 | -18.2% |
| Jun 2025 | -14.4% |
| Mar 2025 | -13.8% |
| Dec 2024 | +2.7% |
| Sep 2024 | -7.5% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital NOTE
| FY Dec 2025 | n/a |
| FY Dec 2024 | -15.5% |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | -15.5% |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-68.6%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed NOTE
| FY Dec 2025 | -20.4% |
| FY Dec 2024 | -11.0% |
| FY Dec 2023 | -28.9% |
| FY Dec 2022 | -25.9% |
| FY Dec 2021 | n/a |
| Jun 2026 | -68.6% |
| Mar 2026 | -51.1% |
| Dec 2025 | -20.4% |
| Sep 2025 | -14.8% |
| Jun 2025 | -12.8% |
| Mar 2025 | -12.6% |
| Dec 2024 | -11.0% |
| Sep 2024 | -21.8% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing NOTE
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$102.8M
market value at close 2026-10-23 on 2022-08-02 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value NOTE
| FY Dec 2025 | $282.7M |
| FY Dec 2024 | $1.7B |
| FY Dec 2023 | $1.9B |
| FY Dec 2022 | $9.3B |
| FY Dec 2021 | n/a |
| Jun 2026 | $115.4M |
| Mar 2026 | $130.3M |
| Dec 2025 | $282.7M |
| Sep 2025 | $667.1M |
| Jun 2025 | $863.9M |
| Mar 2025 | $1.3B |
| Dec 2024 | $1.7B |
| Sep 2024 | $2.0B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-1,009%
TTM free cash flow over market value at close 2026-10-23
FCF yield NOTE
| FY Dec 2025 | -10.4% |
| FY Dec 2024 | -0.9% |
| FY Dec 2023 | -2.6% |
| FY Dec 2022 | -0.9% |
| FY Dec 2021 | n/a |
| Jun 2026 | -104.4% |
| Mar 2026 | -60.0% |
| Dec 2025 | -10.4% |
| Sep 2025 | -3.6% |
| Jun 2025 | -1.9% |
| Mar 2025 | -1.2% |
| Dec 2024 | -0.9% |
| Sep 2024 | -0.9% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing NOTE
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $95.4M | $120.3M | $132.6M | $113.8M |
| Operating income | -$49.5M | -$31.9M | -$97.7M | -$88.2M |
| Net income | -$65.2M | $9.5M | -$115.5M | -$218.3M |
| EPS (diluted) | -4.65 | 0.83 | -0.88 | -3.68 |
| Operating cash flow | -$11.4M | -$5.3M | -$35.5M | -$72.6M |
| Cash | $24.3M | $28.8M | $16.5M | $60.4M |
| Long-term debt | $125.6M | $147.0M | $222.3M | $162.0M |
| Buybacks | n/a | n/a | n/a | $88.0K |
SEC XBRL, fiscal years, as known on 2026-10-27
NOTE Stock Sonar score 5/7 axes
Find similar shapesCompareNOTE ranks highest on institutional and government (99th percentile) and risk and compliance (62nd), and lowest on profitability (11th), among Services peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
NOTE filings, in plain words
Have members of Congress traded NOTE?
Yes. In the year to 2026-10-27, 3 House members disclosed buying NOTE and 0 House members disclosed selling it; the latest on record is a purchase by Thomas H. Kean dated 2026-05-04.
Read the full summary
In the year to 2026-10-27, 3 members of Congress disclosed buying NOTE and 0 members disclosed selling it; the latest on record is a purchase by Thomas H. Kean dated 2026-05-04. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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