NOTE FINANCIAL STATEMENTS

FiscalNote Holdings Inc. — balance sheet, income statement and cash flow trends

NOTEFiscalNote Holdings Inc.

🇺🇸 USA · NYSE · Technology · Information Technology Services

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue87.9 M $-99.7%

Gross Profit59.4 M $-99.8%

Operating Income-29.5 M $—

EBITDA-28.5 M $—

Net Income-104.6 M $—

Peer Comparison· Information Technology Services

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
NOTE	-99.7%	67.5%	-32.4%	-119.0%
VBTYZ	-4.7%	31.2%	27.8%	5.7%
SMART	-30.3%	71.3%	54.2%	-21.8%
ESCOM	342.1%	100.0%	99.4%	59.9%
DESPC	-12.2%	7.5%	9.0%	-0.8%
Industry median	5.5%	29.8%	13.8%	4.7%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity24.8 M $12%
Current Liabilities155.6 M $73%
Long-term Liabilities33 M $15%

Key Figures

YoY change

Total Assets213.4 M $-28.8%

Total Liabilities188.6 M $-4.9%

Total Equity24.8 M $-75.6%

Cash & ST Investments26.5 M $-42.8%

Total Debt145 M $+1.5%

Net Debt121.1 M $+19.8%

Peer Comparison· Information Technology Services

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
NOTE	0.28	584.7%	-4.16	11.6%
VBTYZ	1.66	65.0%	0.46	43.1%
SMART	0.18	25.1%	1.10	59.1%
ESCOM	0.40	0.0%	-0.00	97.9%
DESPC	1.28	2.6%	0.00	22.4%
Industry median	1.60	66.6%	1.05	43.4%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow-11.8 M $—

Capital Expenditures6.9 M $-24.8%

Free Cash Flow-18.7 M $—

Dividends Paid——

Peer Comparison· Information Technology Services

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
NOTE	-13.4%	-21.2%	7.9%	11.2%
VBTYZ	12.5%	12.3%	0.2%	217.1%
SMART	151.9%	5.1%	147.0%	-695.7%
ESCOM	-0.0%	-0.0%	0.0%	-0.0%
DESPC	5.0%	5.0%	0.0%	-627.2%
Industry median	10.8%	8.2%	2.3%	131.6%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 7, 26. This content is for informational purposes only and is not investment advice.