FiscalNote Holdings (NOTE) Invested Capital (2020 - 2026)
FiscalNote Holdings' Invested Capital came in at $119.52 million for Q2 2026, down 43.6% from $211.84 million a year earlier and down 19.2% from the prior quarter.
Powered by 
Analysis
FiscalNote Holdings (NOTE) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, FiscalNote Holdings' Invested Capital was $190.4 million, down 22.3% from FY2024.
- Invested Capital has declined in each of the last three years.
- Going back by year, Invested Capital was $244.91 million in FY2024 (-7.9%), $265.87 million in FY2023 (-13.3%), $306.74 million in FY2022 and -$169.16 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Invested Capital since Q1 2022.
- Year-over-year, Invested Capital has declined for 12 consecutive quarters, with an average decline of 21.4% over the last eight quarters.
- Over the past five years, the year-over-year decline in Invested Capital ranged from 7.9% (Q4 2024) to 43.6% (Q2 2026).
- Business Quant data shows NOTE's Invested Capital at $147.95 million (Q1 2026), $190.4 million (Q4 2025) and $207 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | - |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 192.53 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 68.16 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 77.67 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 14.60 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 11.00 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 26.66 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | 4.97 Bn |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 37.60 Bn |
| 10 | FiscalNote Holdings | 844,272.34 | -19.74 Mn | 15.61 Mn | 119.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 119.52 Mn |
| Mar 31, 2026 | 147.95 Mn |
| Dec 31, 2025 | 190.40 Mn |
| Sep 30, 2025 | 207.00 Mn |
| Jun 30, 2025 | 211.84 Mn |
| Mar 31, 2025 | 216.66 Mn |
| Dec 31, 2024 | 244.91 Mn |
| Sep 30, 2024 | 250.69 Mn |
| Jun 30, 2024 | 252.78 Mn |
| Mar 31, 2024 | 259.13 Mn |
| Dec 31, 2023 | 265.87 Mn |
| Sep 30, 2023 | 296.79 Mn |
| Jun 30, 2023 | 308.49 Mn |
| Mar 31, 2023 | 317.18 Mn |
| Dec 31, 2022 | 306.74 Mn |
| Sep 30, 2022 | 341.12 Mn |
| Mar 31, 2022 | -501.14 Mn |
| Dec 31, 2021 | -169.16 Mn |
| Sep 30, 2021 | -482.31 Mn |
| Jun 30, 2021 | -399.19 Mn |
API Access
FiscalNote Holdings Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=NOTE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "NOTE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=NOTE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();