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

FiscalNote Holdings' (NOTE) quarterly Cost of Revenue came in at $4.2 million in Q1 2026, down 40.54% year-on-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.

  • On a quarterly basis, Cost of Revenue fell 40.54% year-over-year to $4.2 million in Q1 2026; TTM through Mar 2026 was $18.4 million, a 27.63% decrease from a year earlier, with the FY2025 full-year figure at $21.2 million, down 17.33% from the prior year.
  • Cost of Revenue fell to $4.2 million in Q1 2026 per NOTE's latest filing, from $4.5 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $11.4 million in Q4 2023 and bottomed 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.
  • Across the five-year window, Cost of Revenue soared 60.74% in 2022 and plunged 53.49% in 2024, its largest moves.
  • Year by year, Cost of Revenue stood at $8.4 million in 2022, then surged by 36.29% to $11.4 million in 2023, then slumped by 53.49% to $5.3 million in 2024, then retreated by 15.22% to $4.5 million in 2025, then declined by 7.53% to $4.2 million in 2026.
  • Per Business Quant, the three latest NOTE Cost of Revenue figures stand at $4.2 million (Q1 2026), $4.5 million (Q4 2025), and $4.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 International Business Machines 203.45 Bn 192.09 Bn 9.91 Bn 7.26 Bn
2 Accenture 94.76 Bn 84.59 Bn 6.13 Bn 12.58 Bn
3 Cgi 61.46 Bn 60.81 Bn - -
4 GDS Holdings 48.81 Bn 46.67 Bn 164.04 Mn 324.09 Mn
5 Infosys 47.98 Bn 47.98 Bn 1.60 Bn 3.48 Bn
6 Cognizant Technology Solutions 22.55 Bn 21.03 Bn 1.78 Bn 3.64 Bn
7 Fidelity National Information Services 22.25 Bn 21.49 Bn 1.11 Bn 2.19 Bn
8 Wipro 20.03 Bn 15.85 Bn 738.00 Mn 1.85 Bn
9 Cdw 17.85 Bn 17.27 Bn 1.19 Bn 4.49 Bn
10 FiscalNote Holdings 2.10 Mn -22.37 Mn 15.87 Mn 4.15 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 11.39 Mn
Dec 31, 2023 11.39 Mn