FiscalNote Holdings (NOTE) Research & Development (2021 - 2026)
FiscalNote Holdings' (NOTE) quarterly Research & Development came in at $2.0 million in Q1 2026, down 73.68% year-on-year from $7.8 million in Q1 2025, and down 89.35% quarter-over-quarter from $19.2 million in Q4 2025.
FiscalNote Holdings (NOTE) Research & Development (2021 - 2026) Analysis & Trends
FiscalNote Holdings' Research & Development history runs 6 years deep, the most recent figure standing at $2.0 million for Q1 2026.
- On a quarterly basis, Research & Development fell 73.68% year-over-year to $2.0 million in Q1 2026; TTM through Mar 2026 was $25.6 million, a 11.0% decrease from a year earlier, with the FY2025 full-year figure at $26.6 million, up 107.55% from the prior year.
- Research & Development slipped to $2.0 million in Q1 2026 per NOTE's latest filing, from $19.2 million in the prior quarter.
- Across five years, Research & Development topped out at $19.2 million in Q4 2025 and bottomed at -$11.0 million in Q4 2022.
- The 5-year median for Research & Development is $9.0 million (2024), against an average of $6.9 million.
- Across the five-year window, Research & Development plunged 230.51% in 2022 and surged 562.74% in 2025, its largest moves.
- Year by year, Research & Development stood at -$11.0 million in 2022, then soared by 195.58% to $10.5 million in 2023, then slumped by 72.45% to $2.9 million in 2024, then jumped by 562.74% to $19.2 million in 2025, then sank by 89.35% to $2.0 million in 2026.
- Per Business Quant, the three latest NOTE Research & Development figures stand at $2.0 million (Q1 2026), $19.2 million (Q4 2025), and $2.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 203.67 Bn | 192.31 Bn | 9.91 Bn | 2.31 Bn |
| 2 | Accenture | 95.10 Bn | 84.92 Bn | 6.13 Bn | 1.81 Bn |
| 3 | Cgi | 61.46 Bn | 60.81 Bn | - | - |
| 4 | GDS Holdings | 48.70 Bn | 46.56 Bn | 164.04 Mn | -1.39 Mn |
| 5 | Infosys | 48.10 Bn | 48.10 Bn | 1.60 Bn | 270.00 Mn |
| 6 | Cognizant Technology Solutions | 22.66 Bn | 21.14 Bn | 1.78 Bn | - |
| 7 | Fidelity National Information Services | 22.35 Bn | 21.59 Bn | 1.11 Bn | - |
| 8 | Wipro | 20.08 Bn | 15.90 Bn | 738.00 Mn | -174.00 Mn |
| 9 | Cdw | 17.81 Bn | 17.23 Bn | 1.19 Bn | - |
| 10 | FiscalNote Holdings | 2.10 Mn | -22.37 Mn | 15.87 Mn | 2.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.04 Mn |
| Dec 31, 2025 | 19.17 Mn |
| Sep 30, 2025 | 2.08 Mn |
| Jun 30, 2025 | 2.27 Mn |
| Mar 31, 2025 | 7.76 Mn |
| Dec 31, 2024 | 2.89 Mn |
| Sep 30, 2024 | 9.07 Mn |
| Jun 30, 2024 | 9.00 Mn |
| Mar 31, 2024 | 9.42 Mn |
| Dec 31, 2023 | 10.50 Mn |
| Sep 30, 2023 | 11.24 Mn |
| Jun 30, 2023 | 11.69 Mn |
| Mar 31, 2023 | 12.30 Mn |
| Dec 31, 2022 | -10.99 Mn |
| Sep 30, 2022 | 5.63 Mn |
| Jun 30, 2022 | 3.79 Mn |
| Mar 31, 2022 | 9.50 Mn |
| Dec 31, 2021 | 8.42 Mn |
| Sep 30, 2021 | 7.45 Mn |