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FiscalNote Holdings vs Outdoor Holding: NOTE and POWW compared
FiscalNote Holdings is the larger company: $19.6M of revenue in its latest quarter (Q2 2026) against $14.5M for Outdoor Holding (Q1 FY27). Outdoor Holding is growing faster (+22% against -16% a year earlier). Outdoor Holding is more profitable, with an operating margin of 22.8% against -123.0%.
Where the money goes: NOTE and POWW
FiscalNote Holdings (NOTE) · Q2 2026
FiscalNote Holdings, Q2 2026: revenue $19.6M (-16% year over year), operating margin -123.0%, net loss $27.8M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
Outdoor Holding (POWW) · Q1 FY27
Outdoor Holding, Q1 FY27: revenue $14.5M (+22% year over year), operating margin 22.8%, net earnings $3.6M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| FiscalNote Holdings (NOTE) | Outdoor Holding (POWW) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q1 FY27 |
| Revenue | $19.6M | $14.5M |
| Revenue growth, Y/Y | -16% | +22% |
| Gross margin | — | 84.5% |
| Operating margin | -123.0% | 22.8% |
| Net earnings | −$27.8M | $3.6M |
| Net margin | -142.1% | 24.7% |
| Operating cash flow | −$2.1M | $4.4M |
| Free cash flow | — | $3.8M |
Where the revenue comes from
FiscalNote Holdings
- Subscription: $18.8M (96%)
- Non-Subscription: $781K (4%)
Questions
Which is bigger, FiscalNote Holdings or Outdoor Holding?
FiscalNote Holdings is the larger company: $19.6M of revenue in its latest quarter (Q2 2026) against $14.5M for Outdoor Holding (Q1 FY27).
Is FiscalNote Holdings or Outdoor Holding growing faster?
Outdoor Holding is growing faster (+22% against -16% a year earlier).
Which is more profitable, FiscalNote Holdings or Outdoor Holding?
Outdoor Holding is more profitable, with an operating margin of 22.8% against -123.0%.
More: FiscalNote Holdings earnings · how FiscalNote Holdings makes money · Outdoor Holding earnings · how Outdoor Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.