Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FiscalNote HoldingsNOTE +2.27% Operating Cash Flow per Share is $-0.51 as of Jun. 2026. The stock has 4 warning signs investors should review. Among 1,955 Software companies, FiscalNote Holdings ranks better than 87.01% on this metric.
FiscalNote Holdings's operating cash flow per share for the
three
months ended in Jun. 2026 was $-0.08.
FiscalNote Holdings's operating cash flow per share for the trailing twelve months (TTM) ended in Jun. 2026 was $-0.51.
During the past 3 years, the average Operating Cash Flow per Share Growth Rate was 60.40% per year.
During the past 5 years, the average Operating Cash Flow per Share Growth Rate was 26.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the OCF Growth Rate using Operating Cash Flow per Share data.
The historical rank and industry rank for FiscalNote Holdings's Operating Cash Flow per Share or its related term are showing as below:
NOTE'
s 3-Year OCF Growth Rate Range Over the Past 10 Years
Min: -103.1 Med: 10.95 Max: 60.4
Current: 60.4
During the past 7 years, FiscalNote Holdings's highest 3-Year average Operating Cash Flow per Share Growth Rate was 60.40% per year. The lowest was -103.10% per year. And the median was 10.95% per year.
NOTE's 3-Year OCF Growth Rate is ranked better than 87.01% of 1955
companies
in the Software industry
Industry Median: 15.7
vs NOTE: 60.40
FiscalNote Holdings Operating Cash Flow per Share Related Terms
FiscalNote Holdings Operating Cash Flow per Share Historical Data
* Premium members only.
The historical data trend for FiscalNote Holdings's Operating Cash Flow per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FiscalNote Holdings Operating Cash Flow per Share Chart
NOTE vs HWNI, CYCU, KSEZ: Operating Cash Flow per Share Comparison
For the Information Technology Services subindustry, FiscalNote Holdings's Price-to-Operating-Cash-Flow, along with its competitors' market caps and Price-to-Operating-Cash-Flow data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FiscalNote Holdings Price-to-Operating-Cash-Flow vs Software Industry
For the Software industry and Technology sector, FiscalNote Holdings's Price-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where FiscalNote Holdings's Price-to-Operating-Cash-Flow falls into.
Operating Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.51
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Operating Cash Flow per Share of $-0.51 mean?
FiscalNote Holdings (NOTE) has a Operating Cash Flow per Share of $-0.51 as of Jun. 2026. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on FiscalNote Holdings and its competitors. According to the industry distribution chart, FiscalNote Holdings ranks #254 out of 1955 companies in the Software industry, placing it in the top 13%.
Is FiscalNote Holdings' Operating Cash Flow per Share too high?
FiscalNote Holdings' current Operating Cash Flow per Share is $-0.51. Based on the distribution chart, FiscalNote Holdings ranks #254 out of 1955 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does FiscalNote Holdings' Operating Cash Flow per Share compare to HWNI and CYCU?
According to the Software industry distribution chart, FiscalNote Holdings ranks #254 out of 1955 companies for Operating Cash Flow per Share. This places FiscalNote Holdings in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Cash Flow per Share is 15.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Cash Flow per Share for a Software company?
The median Operating Cash Flow per Share among Software companies is 15.70, based on 1,955 companies in the industry. Companies in the top quartile (top 25%) have a Operating Cash Flow per Share significantly above this median, while those in the bottom quartile fall well below. However, Operating Cash Flow per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Cash Flow per Share mean?
A high Operating Cash Flow per Share can signal that a stock is expensive relative to its fundamentals. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on FiscalNote Holdings and its competitors. For the Software industry, the median Operating Cash Flow per Share is 15.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FiscalNote Holdings's current Operating Cash Flow per Share is $-0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FiscalNote Holdings stock overvalued right now?
Based on GuruFocus' analysis, FiscalNote Holdings (NOTE) is currently considered Possible Value Trap. The stock's GF Value™ is $4.23, compared to a current price of $0.07 — trading 98.4% below its estimated fair value. The current Operating Cash Flow per Share is $-0.51. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Cash Flow per Share calculated?
Operating Cash Flow per Share is calculated from a company's financial statements. For FiscalNote Holdings (NOTE), the current Operating Cash Flow per Share is $-0.51 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
FiscalNote Holdings Inc provides technology solutions for policy and market intelligence. Its offerings include legislative tracking, regulatory analysis, and stakeholder engagement through its platform, PolicyNote, which integrates policy data with monitoring tools and analysis. The company serves a diverse customer base comprising enterprises, midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups and non-profits in more than 40 countries. It derives revenue from subscription revenue arrangements and advisory, advertising and other revenues. Geographically, the company generates the majority of its revenue from North America, and the rest from Europe, Australia, and Asia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NOTE has been successfully added to your 
