FiscalNote Holdings (NOTE) Cost of Revenue (2021 - 2026)

FiscalNote Holdings (NOTE) recorded quarterly Cost of Revenue of $5.7 million in Q1 2026, down 3.25% quarter-over-quarter from $5.9 million in Q4 2025, and down 26.29% on a YoY basis from $7.8 million in Q1 2025.

FiscalNote Holdings (NOTE) Cost of Revenue (2021 - 2026) Analysis & Trends

FiscalNote Holdings' Cost of Revenue history runs 6 years deep, the most recent figure standing at $5.7 million for Q1 2026.

  • In Q1 2026, Cost of Revenue fell 26.29% year-over-year to $5.7 million; the TTM figure through Mar 2026 stood at $24.6 million (down 26.39% YoY), while the FY2025 annual figure was $26.6 million, down 24.05% from the prior year.
  • Cost of Revenue was $5.7 million for Q1 2026 at FiscalNote Holdings, down from $5.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $11.7 million in Q2 2023 to a low of $215000.0 in Q4 2022.
  • Historically, Cost of Revenue has averaged $7.7 million across 5 years, with a median of $7.8 million in 2025.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue tumbled 98.57% in 2022, then surged 2239.07% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $215000.0 in 2022, then soared by 2239.07% to $5.0 million in 2023, then jumped by 50.55% to $7.6 million in 2024, then slipped by 21.93% to $5.9 million in 2025, then declined by 3.25% to $5.7 million in 2026.
  • The last three Cost of Revenue figures came in at $5.7 million (Q1 2026), $5.9 million (Q4 2025), and $6.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Infosys 250,975,992.28 Bn 250,975,991.00 Bn 1.56 Bn 3.49 Bn
2 International Business Machines 267.32 Bn 252.39 Bn 8.95 Bn 6.97 Bn
3 Wipro 138.60 Bn 137.44 Bn 751.00 Mn 1.83 Bn
4 Accenture 109.98 Bn 101.66 Bn 16.30 Bn 1.75 Bn
5 Cognizant Technology Solutions 25.38 Bn 23.86 Bn 1.78 Bn 3.64 Bn
6 Fidelity National Information Services 21.09 Bn 20.34 Bn 1.11 Bn 2.19 Bn
7 Broadridge Financial Solutions 17.60 Bn 17.30 Bn 626.90 Mn 1.33 Bn
8 Cdw 17.16 Bn 16.58 Bn 1.19 Bn 4.49 Bn
9 Leidos Holdings 15.68 Bn 15.27 Bn 761.00 Mn 3.64 Bn
10 FiscalNote Holdings - - 14.31 Mn 5.72 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.72 Mn
Mar 31, 2026 5.72 Mn
Dec 31, 2025 5.91 Mn
Dec 31, 2025 5.91 Mn
Sep 30, 2025 6.26 Mn
Sep 30, 2025 6.26 Mn
Jun 30, 2025 6.69 Mn
Jun 30, 2025 6.69 Mn
Mar 31, 2025 7.76 Mn
Mar 31, 2025 7.76 Mn
Dec 31, 2024 7.57 Mn
Dec 31, 2024 7.57 Mn
Sep 30, 2024 9.07 Mn
Sep 30, 2024 9.07 Mn
Jun 30, 2024 9.00 Mn
Jun 30, 2024 9.00 Mn
Mar 31, 2024 9.42 Mn
Mar 31, 2024 9.42 Mn
Dec 31, 2023 5.03 Mn
Dec 31, 2023 5.03 Mn