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
DateValue
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