FiscalNote Holdings, Inc. NOTE NYSE

FiscalNote Holdings, Inc. (NOTE) generated $-11.44B in operating cash flow for fiscal year 2025. After capital expenditures of $7.2B, free cash flow was $-18.65B.

Free cash flow margin was -19543.6% of revenue. Cash conversion ratio was 0.18x, suggesting some earnings are non-cash.

Criteria supported by this page:

• HEALTH (17/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (50/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (10/100) — Cash conversion ratio was 0.18x suggests some earnings are non-cash items

Overall SharesGrow Score: 43/100 with 2/7 criteria passed.