Filing Flows › Comparisons › NOTE vs RSSS
FiscalNote Holdings vs Research Solutions: NOTE and RSSS compared
FiscalNote Holdings is the larger company: $19.6M of revenue in its latest quarter (Q2 2026) against $12.1M for Research Solutions (Q4 FY26). Research Solutions is growing faster (-3% against -16% a year earlier). Research Solutions is more profitable, with an operating margin of 7.0% against -123.0%.
Where the money goes: NOTE and RSSS
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.
Research Solutions (RSSS) · Q4 FY26
Research Solutions, Q4 FY26: revenue $12.1M (-3% year over year), operating margin 7.0%, net earnings $666K, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
| FiscalNote Holdings (NOTE) | Research Solutions (RSSS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $19.6M | $12.1M |
| Revenue growth, Y/Y | -16% | -3% |
| Gross margin | — | 53.0% |
| Operating margin | -123.0% | 7.0% |
| Net earnings | −$27.8M | $666K |
| Net margin | -142.1% | 5.5% |
| Operating cash flow | −$2.1M | $1.8M |
| Free cash flow | — | $1.8M |
Where the revenue comes from
FiscalNote Holdings
- Subscription: $18.8M (96%)
- Non-Subscription: $781K (4%)
Research Solutions
- Transactions: $6.8M (56%)
- Platforms: $5.3M (44%)
Questions
Which is bigger, FiscalNote Holdings or Research Solutions?
FiscalNote Holdings is the larger company: $19.6M of revenue in its latest quarter (Q2 2026) against $12.1M for Research Solutions (Q4 FY26).
Is FiscalNote Holdings or Research Solutions growing faster?
Research Solutions is growing faster (-3% against -16% a year earlier).
Which is more profitable, FiscalNote Holdings or Research Solutions?
Research Solutions is more profitable, with an operating margin of 7.0% against -123.0%.
More: FiscalNote Holdings earnings · how FiscalNote Holdings makes money · Research Solutions earnings · how Research Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-K filed Sep 11, 2026). Fiscal quarters can end on different dates. Not investment advice.