FiscalNote Holdings (NOTE) Cost of Revenue (2021 - 2026)
FiscalNote Holdings (NOTE) posted quarterly Cost of Revenue of $4.2 million for Q1 2026, down 40.54% year-over-year from $7.0 million in Q1 2025, and down 7.53% quarter-over-quarter from $4.5 million in Q4 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 $4.2 million for Q1 2026.
- In Q1 2026, Cost of Revenue fell 40.54% year-over-year to $4.2 million; the TTM figure through Mar 2026 stood at $18.4 million (down 27.63% YoY), while the FY2025 annual figure was $21.2 million, down 17.33% from the prior year.
- Cost of Revenue for Q1 2026 stood at $4.2 million, down from $4.5 million in the prior quarter.
- The five-year high for Cost of Revenue was $11.4 million in Q4 2023, with the low at $4.2 million in Q1 2026.
- The 5-year median for Cost of Revenue is $7.2 million (2022), against an average of $7.2 million.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue soared 60.74% in 2022, then tumbled 53.49% in 2024.
- FiscalNote Holdings' Cost of Revenue stood at $8.4 million in 2022, then jumped by 36.29% to $11.4 million in 2023, then tumbled by 53.49% to $5.3 million in 2024, then fell by 15.22% to $4.5 million in 2025, then dropped by 7.53% to $4.2 million in 2026.
- Business Quant data shows NOTE's Cost of Revenue at $4.2 million in Q1 2026, $4.5 million in Q4 2025, and $4.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 7.26 Bn |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 12.58 Bn |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | 3.48 Bn |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 3.65 Bn |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 2.20 Bn |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | 1.37 Bn |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | 1.85 Bn |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 3.74 Bn |
| 10 | FiscalNote Holdings | 1.83 Mn | -20.76 Mn | 15.61 Mn | 3.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.98 Mn |
| Jun 30, 2026 | 3.98 Mn |
| Mar 31, 2026 | 4.15 Mn |
| Mar 31, 2026 | 4.15 Mn |
| Dec 31, 2025 | 4.49 Mn |
| Dec 31, 2025 | 4.49 Mn |
| Sep 30, 2025 | 4.77 Mn |
| Sep 30, 2025 | 4.77 Mn |
| Jun 30, 2025 | 4.95 Mn |
| Jun 30, 2025 | 4.95 Mn |
| Mar 31, 2025 | 6.98 Mn |
| Mar 31, 2025 | 6.98 Mn |
| Dec 31, 2024 | 5.30 Mn |
| Dec 31, 2024 | 5.30 Mn |
| Sep 30, 2024 | 6.24 Mn |
| Sep 30, 2024 | 6.24 Mn |
| Jun 30, 2024 | 6.86 Mn |
| Jun 30, 2024 | 6.86 Mn |
| Mar 31, 2024 | 7.24 Mn |
| Mar 31, 2024 | 7.24 Mn |