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NOTE (FiscalNote Holdings) Operating Income : $-41.8 Mil (TTM As of Sep. 2024)


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What is FiscalNote Holdings Operating Income?

FiscalNote Holdings's Operating Income for the three months ended in Sep. 2024 was $-6.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-41.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. FiscalNote Holdings's Operating Income for the three months ended in Sep. 2024 was $-6.8 Mil. FiscalNote Holdings's Revenue for the three months ended in Sep. 2024 was $29.4 Mil. Therefore, FiscalNote Holdings's Operating Margin % for the quarter that ended in Sep. 2024 was -23.14%.

FiscalNote Holdings's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FiscalNote Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was -7.69%. FiscalNote Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -174.90%.


FiscalNote Holdings Operating Income Historical Data

The historical data trend for FiscalNote Holdings's Operating Income 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.

* Premium members only.

FiscalNote Holdings Operating Income Chart

FiscalNote Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
-29.13 -26.53 -50.88 -85.79 -66.44

FiscalNote Holdings Quarterly Data
Dec19 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.04 -15.61 -11.45 -7.96 -6.81

FiscalNote Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-41.8 Mil.

* 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  (NYSE:NOTE) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

FiscalNote Holdings's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-27.244 * ( 1 - 3.99% )/( (337.875 + 342.738)/ 2 )
=-26.1569644/340.3065
=-7.69 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

FiscalNote Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-39.884/( ( (23.101 + max(-33.543, 0)) + (22.506 + max(-31.484, 0)) )/ 2 )
=-39.884/( ( 23.101 + 22.506 )/ 2 )
=-39.884/22.8035
=-174.90 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.553 + 0 + 10.693) - (7.813 + 45.206 + 4.77)
=-33.543

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.249 + 0 + 10.385) - (7.635 + 41.393 + 4.09)
=-31.484

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

FiscalNote Holdings's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-6.811/29.439
=-23.14 %

* 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.

4. 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 Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


FiscalNote Holdings Operating Income Related Terms

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FiscalNote Holdings Business Description

Traded in Other Exchanges
Address
1201 Pennsylvania Avenue NW, 6th floor, Washington, DC, USA, 20004
FiscalNote Holdings Inc is a provider of global policy and market intelligence solutions. Leveraging AI and analytics, it delivers actionable legal and policy insights for businesses, government institutions, and nonprofits. Its suite of products includes FiscalNote Core, CQ Federal, and EU Issue Tracker, facilitating effective policy management and risk mitigation. With expert analysis from FrontierView, Oxford Analytica, and Dragonfly Eye, it offers geopolitical and market intelligence services. Operating as one segment, it generates revenue by integrating policy intelligence into daily operations. Geographically the company generates the majority of its revenue from North America, Europe, Australia, and Asia, with the majority generated from North America.
Executives
Josh Resnik officer: See Remarks 1201 PENNSYLVANIA AVE NW, 6TH FLOOR, WASHINGTON DC 20004
Tim Hwang director, officer: See Remarks 1201 PENNSYLVANIA AVE NW, 6TH FLOOR, WASHINGTON DC 20004
Todd Aman officer: See Remarks 1201 PENNSYLVANIA AVENUE NW, 6TH FLOOR, WASHINGTON, D.C. DC 20004
Paul Donnell officer: Chief Accounting Officer 1201 PENNSYLVANIA AVENUE NW, 6TH FLOOR, WASHINGTON, D.C. DC 20004
Jon Slabaugh officer: See Remarks 1201 PENNSYLVANIA AVE NW, 6TH FLOOR, WASHINGTON DC 20004
Gerald Yao director, officer: See Remarks 1201 PENNSYLVANIA AVE NW, 6TH FLOOR, WASHINGTON DC 20004
Richard Henderson officer: Chief Revenue Officer 1201 PENNSYLVANIA AVENUE NW, 6TH FLOOR, WASHINGTON DC 20004
Keith Nilsson director 1201 PENNSYLVANIA AVE NW, 6TH FLOOR, COSTA MESA CA 92626
Key Compton director 1201 PENNSYLVANIA AVE NW, 6TH FLOOR, WASHINGTON DC 20004
Stanley A Mcchrystal director C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Yiu Conrad director 1201 PENNSYLVANIA AVE NW, 6TH FLOOR, WASHINGTON DC 20004
Star V Partners Llc 10 percent owner 2100 WEST END AVENUE, SUITE 100, NASHVILLE TN 37203
Maso Capital Investments Ltd 10 percent owner C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KYL-9008
Anna Sedgley director 1201 PENNSYLVANIA AVE NW, 6TH FLOOR, WASHINGTON DC 20004
Vlad Eidelman officer: Chief Technology Officer 1201 PENNSYLVANIA AVENUE NW, 6TH FLOOR, WASHINGTON, D.C. DC 20004