公司概述
FiscalNote Holdings, Inc. operates as a specialized technology provider delivering global policy and market intelligence services across North America, Europe, Australia, and Asia. Within the broader Technology sector and specifically the Information Technology Services industry, the company leverages artificial intelligence to synthesize legal and policy insights within complex political, regulatory, and macroeconomic environments. The firm maintains a workforce of 407 employees and holds a total market capitalization of $4.85 million. Despite generating annual revenue of $95.41 million, the relatively small market cap indicates that the market values the company significantly below its revenue generation capacity, suggesting a divergence between current financial performance and investor expectations or a potential re-rating of the asset class.
财务健康
The company reported trailing twelve-month revenue of $95.41 million, yet recorded a net income of -$65,247,000 and an EBITDA of -$28,015,000. The substantial disparity between the $95.41 million in revenue and the negative net income reveals a cost structure where operating expenses and losses heavily outweigh gross profitability, resulting in a significant bottom-line contraction. Free cash flow stands at -$10,892,750, indicating that the company is currently burning cash rather than generating liquidity from its operations, which constrains financial flexibility and necessitates reliance on existing capital reserves or external financing. The gross margin is reported at 77.8%, reflecting a highly efficient cost of goods sold typical of software and technology delivery models, whereas the operating margin is negative at -27.9% and the profit margin is negative at -68.4%, highlighting that high fixed costs or significant R&D and sales expenditures are eroding the gross profit before reaching the bottom line. On the balance sheet, the company holds $26.31 million in cash against $151.08 million in debt, resulting in a debt-to-equity ratio of 243.87, which characterizes a highly leveraged financial position rather than a conservative one. The current ratio is 1.02, suggesting that the company's current assets barely cover its current liabilities, presenting a tight liquidity environment with limited buffer for short-term obligations. Furthermore, the return on equity is -81.7% and the return on assets is -8.0%, metrics that collectively reveal that management is currently unable to generate positive returns on the capital invested by shareholders or held on the balance sheet.
估值评估
The trailing P/E ratio is listed as N/A due to the negative net income, while the forward P/E is 0.46, implying that market pricing is heavily reliant on future earnings expectations rather than current profitability. The price-to-book ratio stands at 0.07, indicating that the market values the company's equity at a fraction of its book value, suggesting a deep discount or significant perceived risk regarding the asset's intrinsic worth. Alternative valuation metrics such as the price-to-sales ratio of 0.05 and an EV/EBITDA of -4.63 further illustrate that the stock is trading at a negligible multiple of its sales and earnings power. The 52-week price range spans from a low of $0.24 to a high of $10.20, placing the current trading environment within a highly volatile band relative to this historical range. The beta value of 0.98 suggests that the stock's price volatility moves in tandem with the broader market, lacking significant defensive characteristics or extreme aggression compared to the general equity index.
Growth & Income
Revenue growth year-over-year is -24.7%, while earnings growth is N/A due to the reported losses; this contraction in top-line revenue without positive earnings growth implies that the company is struggling to scale its operations or maintain cost discipline during a downturn. As a non-dividend payer, the company has a dividend yield of N/A and a payout ratio of 0.0%, meaning it does not distribute cash to shareholders and instead retains all cash flow, albeit negative, to fund operations or debt obligations. The absence of dividend payments reflects a strategy focused on survival and potential future growth rather than income distribution, given the negative return metrics and lack of free cash flow. Overall, the growth and income profile is defined by declining revenue, significant negative earnings, and a lack of dividend support, presenting a high-risk scenario for investors seeking capital appreciation or income stability in the current fiscal period.