NOTE (FiscalNote Holdings) Moat Score: 4/10 (As of Aug. 19, 2026)

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What is FiscalNote Holdings Moat Score?

FiscalNote Holdings NOTE -4.35% Moat Score is 4 as of Aug. 19, 2026. The stock has 4 warning signs investors should review. Among 2,831 Software companies, FiscalNote Holdings ranks better than 90.07% on this metric.

FiscalNote Holdings has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

FiscalNote Holdings has Narrow Moat: FiscalNote has a modest moat due to its specialized data analytics services and some customer switching costs. However, it lacks significant brand strength or market leadership, limiting its competitive advantage.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes FiscalNote Holdings might have Narrow Moat - Discernible but modest moat.

FiscalNote Holdings  (OTCPK:NOTE) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

FiscalNote Holdings Moat Score Related Terms

NOTE vs HWNI, CYCU, KSEZ: Moat Score Comparison

For the Information Technology Services subindustry, FiscalNote Holdings's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Software Industry

For the Software industry and Technology sector, FiscalNote Holdings's Moat Score distribution charts can be found below:

* The bar in red indicates where FiscalNote Holdings's Moat Score falls into.


Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
FiscalNote Holdings (NOTE) has a Moat Score of 4 as of Aug. 19, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, FiscalNote Holdings ranks #281 out of 2831 companies in the Software industry, placing it in the top 9.9%.
Is FiscalNote Holdings' Moat Score too high?
FiscalNote Holdings' current Moat Score is 4. Based on the distribution chart, FiscalNote Holdings ranks #281 out of 2831 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does FiscalNote Holdings' Moat Score compare to HWNI and CYCU?
According to the Software industry distribution chart, FiscalNote Holdings ranks #281 out of 2831 companies for Moat Score. This places FiscalNote Holdings in the top 10% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Software company?
A good Moat Score depends on the Software industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. FiscalNote Holdings's current Moat Score is 4. 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 Moat Score is 4. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For FiscalNote Holdings (NOTE), the current Moat Score is 4 as of Aug. 19, 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 Business Description

Address 1201 Pennsylvania Avenue NW, 6th floor, Washington, DC, USA, 20004
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.