FiscalNote Holdings (NOTE) Operating Expenses (2021 - 2026)

FiscalNote Holdings' (NOTE) quarterly Operating Expenses came in at $62.5 million in Q1 2026, up 51.51% year-on-year from $41.3 million in Q1 2025, and up 53.34% quarter-over-quarter from $40.8 million in Q4 2025.

FiscalNote Holdings (NOTE) Operating Expenses (2021 - 2026) Analysis & Trends

FiscalNote Holdings' Operating Expenses history runs 6 years deep, the most recent figure standing at $62.5 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 51.51% year-over-year to $62.5 million in Q1 2026; TTM through Mar 2026 was $166.2 million, a 10.84% increase from a year earlier, with the FY2025 full-year figure at $144.9 million, down 4.79% from the prior year.
  • Operating Expenses climbed to $62.5 million in Q1 2026 per NOTE's latest filing, from $40.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $74.2 million in Q4 2023 and bottomed at $30.7 million in Q2 2025.
  • The 5-year median for Operating Expenses is $41.3 million (2025), against an average of $46.6 million.
  • Across the five-year window, Operating Expenses jumped 15269.71% in 2022 and tumbled 52.56% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $51.4 million in 2022, then surged by 44.45% to $74.2 million in 2023, then tumbled by 52.56% to $35.2 million in 2024, then grew by 15.85% to $40.8 million in 2025, then jumped by 53.34% to $62.5 million in 2026.
  • Per Business Quant, the three latest NOTE Operating Expenses figures stand at $62.5 million (Q1 2026), $40.8 million (Q4 2025), and $32.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 International Business Machines 203.67 Bn 192.31 Bn 9.91 Bn 7.29 Bn
2 Accenture 95.10 Bn 84.92 Bn 6.13 Bn 15.54 Bn
3 Cgi 61.46 Bn 60.81 Bn - 29.83 Mn
4 GDS Holdings 48.70 Bn 46.56 Bn 164.04 Mn -27.00 Mn
5 Infosys 48.10 Bn 48.10 Bn 1.60 Bn 528.00 Mn
6 Cognizant Technology Solutions 22.66 Bn 21.14 Bn 1.78 Bn 791.00 Mn
7 Fidelity National Information Services 22.35 Bn 21.59 Bn 1.11 Bn 605.00 Mn
8 Wipro 20.08 Bn 15.90 Bn 738.00 Mn 2.23 Bn
9 Cdw 17.81 Bn 17.23 Bn 1.19 Bn 814.00 Mn
10 FiscalNote Holdings 2.10 Mn -22.37 Mn 15.87 Mn 62.53 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 62.53 Mn
Dec 31, 2025 40.78 Mn
Sep 30, 2025 32.17 Mn
Jun 30, 2025 30.69 Mn
Mar 31, 2025 41.27 Mn
Dec 31, 2024 35.20 Mn
Sep 30, 2024 36.25 Mn
Jun 30, 2024 37.20 Mn
Mar 31, 2024 43.56 Mn
Dec 31, 2023 74.19 Mn
Sep 30, 2023 47.47 Mn
Jun 30, 2023 49.82 Mn
Mar 31, 2023 58.90 Mn
Dec 31, 2022 51.36 Mn
Sep 30, 2022 73.20 Mn
Jun 30, 2022 38.91 Mn
Mar 31, 2022 38.48 Mn
Dec 31, 2021 40.74 Mn
Sep 30, 2021 37.06 Mn
Jun 30, 2021 2.03 Mn