Fiscalnote Holdings, Inc. Class A (NOTE)

FiscalNote's stock price has experienced significant volatility and a general downward trend over the past six months. Key events impacting the stock include the Second Quarter 2025 financial results reported on August 7, 2025, the announcement of a 1-for-12 reverse stock split on August 22, 2025, and the exploration of cryptocurrencies as a strategic reserve asset announced on September 2, 2025. Third Quarter 2025 financial results were reported on November 6, 2025. On December 5, 2025, FiscalNote Holdings' price target was decreased by 19.79% to $19.64 by Fintel. FiscalNote released 'Epstein Unboxed' on December 18, 2025. Over the last year, insiders have collectively sold more company stock than they have bought.

Specific detailed information about the demand seasonality for FiscalNote's particular products and services is not publicly available, though demand can be influenced by various factors. Businesses that rely on subscriptions for policy and market intelligence may experience demand fluctuations tied to legislative cycles, regulatory changes, and economic conditions. The company's focus on AI-driven solutions and continuous product enhancements suggests an effort to maintain consistent value and demand regardless of traditional seasonal shifts.

FiscalNote Holdings, Inc. (NOTE) is a publicly traded software, data, and media company headquartered in Washington, D.C., operating in the SaaS, information services, and technology industries. It provides AI-driven policy and regulatory intelligence solutions, with its core product being the FiscalNote Government Relationship Management (GRM) service, which includes software tools, platforms, data services, and news. Major products and services include FiscalNote GRM, PolicyNote, CQ Roll Call, FiscalNote ESG Solutions, Oxford Analytica, Forge.AI, Curate, Aicel Technology, VoterVoice, Fireside, FrontierView, StressLens, and FiscalNote Global Intelligence Copilot.

FiscalNote Holdings, Inc. has a global commercial presence with offices across North America, Europe, Asia, and Australia, providing global policy and market intelligence in these regions. The Global Policy Dashboard within the PolicyNote platform delivers region-specific policy data and insights across North America, Latin America, Europe, and the Asia Pacific.

In the past year, FiscalNote has focused on enhancing its product offerings and leveraging AI, which generally contributes positively to its brand reputation as an innovative technology provider. Positive events include the launch of PolicyNote on January 15, 2025, continued global commercial growth supported by expanded adoption of its Global Policy Dashboard within PolicyNote on November 19, 2025, and the unveiling of Impact Summaries on December 3, 2025. The release of 'Epstein Unboxed' occurred on December 18, 2025. The integration of grassroots advocacy data from VoterVoice into its PolicyNote platform occurred on October 29, 2025, the introduction of AI-Powered Bill Comparison in PolicyNote on October 16, 2025, the launch of CQ&A on September 25, 2025, and the launch of AI-Powered Tariff Impact Reports on September 8, 2025.

FiscalNote Holdings, Inc. has a blend of institutional and insider ownership. As of July 2025, institutional investors collectively own over 54% of the company's stock. Insiders, including co-founder Tim Hwang and Keith Nilsson, collectively possess around 80.53% of the company's stock as of July 2025. Manoj Jain is noted as the largest individual shareholder, holding approximately 37.28% of FiscalNote's shares.