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| Date | Value |
|---|---|
| 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 |