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Side-by-side financial comparison of AYTU BIOPHARMA, INC (AYTU) and FiscalNote Holdings, Inc. (NOTE). Click either name above to swap in a different company.

FiscalNote Holdings, Inc. is the larger business by last-quarter revenue ($22.2M vs $15.2M, roughly 1.5× AYTU BIOPHARMA, INC). On growth, AYTU BIOPHARMA, INC posted the faster year-over-year revenue change (-6.5% vs -24.7%). AYTU BIOPHARMA, INC produced more free cash flow last quarter ($3.7M vs $-1.9M). Over the past eight quarters, AYTU BIOPHARMA, INC's revenue compounded faster (4.0% CAGR vs -16.8%).

Aytu BioPharma, Inc. is a US-based specialty pharmaceutical company that develops and commercializes a portfolio of consumer healthcare products and prescription therapeutics. Its key offerings cover cold and allergy treatments, sexual health solutions, and therapies for rare pediatric conditions, serving patients and healthcare providers across the United States.

FiscalNote Holdings, Inc., or commonly FiscalNote, is a publicly traded software, data, and media company headquartered in Washington, D.C. The company was founded by Timothy Hwang, Gerald Yao, and Jonathan Chen in 2013. FiscalNote provides software tools, platforms, data services, and news through the FiscalNote Government Relationship Management (GRM) service, its core product. The company also uses an artificial intelligence platform to analyze proposed U.S. legislation based on key phrase...

AYTU vs NOTE — Head-to-Head

Bigger by revenue
NOTE
NOTE
1.5× larger
NOTE
$22.2M
$15.2M
AYTU
Growing faster (revenue YoY)
AYTU
AYTU
+18.1% gap
AYTU
-6.5%
-24.7%
NOTE
More free cash flow
AYTU
AYTU
$5.6M more FCF
AYTU
$3.7M
$-1.9M
NOTE
Faster 2-yr revenue CAGR
AYTU
AYTU
Annualised
AYTU
4.0%
-16.8%
NOTE

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AYTU
AYTU
NOTE
NOTE
Revenue
$15.2M
$22.2M
Net Profit
$-10.6M
Gross Margin
63.5%
Operating Margin
-13.0%
-83.7%
Net Margin
-69.8%
Revenue YoY
-6.5%
-24.7%
Net Profit YoY
-1443.1%
EPS (diluted)
$-1.05
$-2.81

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AYTU
AYTU
NOTE
NOTE
Q4 25
$15.2M
$22.2M
Q3 25
$13.9M
$22.4M
Q2 25
$15.1M
$23.3M
Q1 25
$18.5M
$27.5M
Q4 24
$16.2M
$29.5M
Q3 24
$16.6M
$29.4M
Q2 24
$14.6M
$29.2M
Q1 24
$14.0M
$32.1M
Net Profit
AYTU
AYTU
NOTE
NOTE
Q4 25
$-10.6M
Q3 25
$2.0M
$-24.9M
Q2 25
$-19.8M
$-13.3M
Q1 25
$4.0M
$-4.3M
Q4 24
$788.0K
Q3 24
$1.5M
$-14.9M
Q2 24
$-4.6M
$-12.8M
Q1 24
$-2.9M
$50.6M
Gross Margin
AYTU
AYTU
NOTE
NOTE
Q4 25
63.5%
Q3 25
66.1%
Q2 25
67.8%
Q1 25
69.4%
Q4 24
66.5%
Q3 24
72.3%
Q2 24
75.7%
Q1 24
73.9%
Operating Margin
AYTU
AYTU
NOTE
NOTE
Q4 25
-13.0%
-83.7%
Q3 25
-10.8%
-43.4%
Q2 25
-50.4%
-31.9%
Q1 25
13.1%
-50.0%
Q4 24
-10.4%
-19.4%
Q3 24
-5.6%
-23.1%
Q2 24
-15.6%
-27.2%
Q1 24
-11.4%
-35.6%
Net Margin
AYTU
AYTU
NOTE
NOTE
Q4 25
-69.8%
Q3 25
14.1%
-110.8%
Q2 25
-130.9%
-57.0%
Q1 25
21.6%
-15.4%
Q4 24
4.9%
Q3 24
8.9%
-50.7%
Q2 24
-31.6%
-43.6%
Q1 24
-20.6%
157.6%
EPS (diluted)
AYTU
AYTU
NOTE
NOTE
Q4 25
$-1.05
$-2.81
Q3 25
$-0.08
$-1.73
Q2 25
$-0.08
Q1 25
$0.21
$-0.03
Q4 24
$-0.26
$1.88
Q3 24
$-0.15
$-1.33
Q2 24
$-0.09
Q1 24
$-0.52
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AYTU
AYTU
NOTE
NOTE
Cash + ST InvestmentsLiquidity on hand
$30.0M
$26.3M
Total DebtLower is stronger
$10.0M
$128.4M
Stockholders' EquityBook value
$14.2M
$62.0M
Total Assets
$122.0M
$255.1M
Debt / EquityLower = less leverage
0.70×
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYTU
AYTU
NOTE
NOTE
Q4 25
$30.0M
$26.3M
Q3 25
$32.6M
$31.2M
Q2 25
$31.0M
$38.5M
Q1 25
$18.2M
$46.3M
Q4 24
$20.4M
$34.6M
Q3 24
$20.1M
$32.7M
Q2 24
$20.0M
$37.7M
Q1 24
$19.8M
$43.6M
Total Debt
AYTU
AYTU
NOTE
NOTE
Q4 25
$10.0M
$128.4M
Q3 25
$10.4M
$131.5M
Q2 25
$10.9M
$116.7M
Q1 25
$9.5M
$118.0M
Q4 24
$10.0M
$147.1M
Q3 24
$10.4M
$152.2M
Q2 24
$10.9M
$145.9M
Q1 24
$0
$153.0M
Stockholders' Equity
AYTU
AYTU
NOTE
NOTE
Q4 25
$14.2M
$62.0M
Q3 25
$23.2M
$75.5M
Q2 25
$19.0M
$95.1M
Q1 25
$34.9M
$98.7M
Q4 24
$30.8M
$97.8M
Q3 24
$29.8M
$98.5M
Q2 24
$27.7M
$106.9M
Q1 24
$30.8M
$106.1M
Total Assets
AYTU
AYTU
NOTE
NOTE
Q4 25
$122.0M
$255.1M
Q3 25
$125.0M
$273.9M
Q2 25
$124.2M
$288.3M
Q1 25
$124.2M
$299.7M
Q4 24
$116.2M
$326.2M
Q3 24
$115.8M
$337.9M
Q2 24
$118.1M
$346.3M
Q1 24
$128.9M
$357.8M
Debt / Equity
AYTU
AYTU
NOTE
NOTE
Q4 25
0.70×
2.07×
Q3 25
0.45×
1.74×
Q2 25
0.57×
1.23×
Q1 25
0.27×
1.20×
Q4 24
0.32×
1.50×
Q3 24
0.35×
1.54×
Q2 24
0.39×
1.36×
Q1 24
0.00×
1.44×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AYTU
AYTU
NOTE
NOTE
Operating Cash FlowLast quarter
$3.7M
$-279.0K
Free Cash FlowOCF − Capex
$3.7M
$-1.9M
FCF MarginFCF / Revenue
24.1%
-8.7%
Capex IntensityCapex / Revenue
0.1%
7.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-18.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYTU
AYTU
NOTE
NOTE
Q4 25
$3.7M
$-279.0K
Q3 25
$-618.0K
$-8.3M
Q2 25
$2.8M
$-6.2M
Q1 25
$-6.5M
$3.3M
Q4 24
$2.9M
$-1.3M
Q3 24
$-1.2M
$-3.0M
Q2 24
$-788.0K
$-3.7M
Q1 24
$-254.0K
$2.7M
Free Cash Flow
AYTU
AYTU
NOTE
NOTE
Q4 25
$3.7M
$-1.9M
Q3 25
$-10.4M
Q2 25
$-7.7M
Q1 25
$-6.5M
$1.3M
Q4 24
$2.9M
$-3.4M
Q3 24
$-1.3M
$-5.4M
Q2 24
$-6.5M
Q1 24
$1.0M
FCF Margin
AYTU
AYTU
NOTE
NOTE
Q4 25
24.1%
-8.7%
Q3 25
-46.2%
Q2 25
-33.0%
Q1 25
-35.4%
4.7%
Q4 24
17.9%
-11.4%
Q3 24
-8.0%
-18.4%
Q2 24
-22.1%
Q1 24
3.3%
Capex Intensity
AYTU
AYTU
NOTE
NOTE
Q4 25
0.1%
7.4%
Q3 25
0.0%
9.3%
Q2 25
6.4%
Q1 25
0.4%
7.2%
Q4 24
0.0%
6.8%
Q3 24
0.8%
8.3%
Q2 24
9.4%
Q1 24
0.0%
5.3%
Cash Conversion
AYTU
AYTU
NOTE
NOTE
Q4 25
Q3 25
-0.31×
Q2 25
Q1 25
-1.62×
Q4 24
3.69×
Q3 24
-0.81×
Q2 24
Q1 24
0.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AYTU
AYTU

Segment breakdown not available.

NOTE
NOTE

Subscription$21.2M95%
Advisory Advertising And Other$1.0M5%

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