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

OptimizeRx Corp is the larger business by last-quarter revenue ($32.2M vs $22.2M, roughly 1.5× FiscalNote Holdings, Inc.). On growth, OptimizeRx Corp posted the faster year-over-year revenue change (-0.2% vs -24.7%). OptimizeRx Corp produced more free cash flow last quarter ($7.1M vs $-1.9M). Over the past eight quarters, OptimizeRx Corp's revenue compounded faster (28.0% CAGR vs -16.8%).

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...

OptimizeRx Corp is a U.S.-headquartered digital health technology company that delivers patient engagement, medication affordability and clinical communication solutions to life sciences enterprises, healthcare providers and pharmacy partners. Its core offerings include digital medication savings tools, patient support programs, and therapeutic area-specific resources to boost medication access and treatment adherence.

NOTE vs OPRX — Head-to-Head

Bigger by revenue
OPRX
OPRX
1.5× larger
OPRX
$32.2M
$22.2M
NOTE
Growing faster (revenue YoY)
OPRX
OPRX
+24.4% gap
OPRX
-0.2%
-24.7%
NOTE
More free cash flow
OPRX
OPRX
$9.0M more FCF
OPRX
$7.1M
$-1.9M
NOTE
Faster 2-yr revenue CAGR
OPRX
OPRX
Annualised
OPRX
28.0%
-16.8%
NOTE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NOTE
NOTE
OPRX
OPRX
Revenue
$22.2M
$32.2M
Net Profit
$5.0M
Gross Margin
74.8%
Operating Margin
-83.7%
26.6%
Net Margin
15.6%
Revenue YoY
-24.7%
-0.2%
Net Profit YoY
6535.9%
EPS (diluted)
$-2.81
$0.27

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
NOTE
NOTE
OPRX
OPRX
Q4 25
$22.2M
$32.2M
Q3 25
$22.4M
$26.1M
Q2 25
$23.3M
$29.2M
Q1 25
$27.5M
$21.9M
Q4 24
$29.5M
$32.3M
Q3 24
$29.4M
$21.3M
Q2 24
$29.2M
$18.8M
Q1 24
$32.1M
$19.7M
Net Profit
NOTE
NOTE
OPRX
OPRX
Q4 25
$5.0M
Q3 25
$-24.9M
$779.0K
Q2 25
$-13.3M
$1.5M
Q1 25
$-4.3M
$-2.2M
Q4 24
$-78.0K
Q3 24
$-14.9M
$-9.1M
Q2 24
$-12.8M
$-4.0M
Q1 24
$50.6M
$-6.9M
Gross Margin
NOTE
NOTE
OPRX
OPRX
Q4 25
74.8%
Q3 25
67.2%
Q2 25
63.8%
Q1 25
60.9%
Q4 24
68.1%
Q3 24
63.1%
Q2 24
62.2%
Q1 24
62.0%
Operating Margin
NOTE
NOTE
OPRX
OPRX
Q4 25
-83.7%
26.6%
Q3 25
-43.4%
7.9%
Q2 25
-31.9%
10.9%
Q1 25
-50.0%
-9.6%
Q4 24
-19.4%
11.2%
Q3 24
-23.1%
-40.2%
Q2 24
-27.2%
-19.9%
Q1 24
-35.6%
-25.5%
Net Margin
NOTE
NOTE
OPRX
OPRX
Q4 25
15.6%
Q3 25
-110.8%
3.0%
Q2 25
-57.0%
5.2%
Q1 25
-15.4%
-10.0%
Q4 24
-0.2%
Q3 24
-50.7%
-42.8%
Q2 24
-43.6%
-21.3%
Q1 24
157.6%
-35.0%
EPS (diluted)
NOTE
NOTE
OPRX
OPRX
Q4 25
$-2.81
$0.27
Q3 25
$-1.73
$0.04
Q2 25
$-0.08
$0.08
Q1 25
$-0.03
$-0.12
Q4 24
$1.88
$0.00
Q3 24
$-1.33
$-0.50
Q2 24
$-0.09
$-0.22
Q1 24
$0.37
$-0.38

Balance Sheet & Financial Strength

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

Metric
NOTE
NOTE
OPRX
OPRX
Cash + ST InvestmentsLiquidity on hand
$26.3M
$23.4M
Total DebtLower is stronger
$128.4M
$26.3M
Stockholders' EquityBook value
$62.0M
$128.3M
Total Assets
$255.1M
$176.9M
Debt / EquityLower = less leverage
2.07×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOTE
NOTE
OPRX
OPRX
Q4 25
$26.3M
$23.4M
Q3 25
$31.2M
$19.5M
Q2 25
$38.5M
$16.6M
Q1 25
$46.3M
$16.6M
Q4 24
$34.6M
$13.4M
Q3 24
$32.7M
$16.1M
Q2 24
$37.7M
Q1 24
$43.6M
Total Debt
NOTE
NOTE
OPRX
OPRX
Q4 25
$128.4M
$26.3M
Q3 25
$131.5M
$28.8M
Q2 25
$116.7M
$29.3M
Q1 25
$118.0M
$33.8M
Q4 24
$147.1M
$34.3M
Q3 24
$152.2M
$36.8M
Q2 24
$145.9M
$37.3M
Q1 24
$153.0M
$37.8M
Stockholders' Equity
NOTE
NOTE
OPRX
OPRX
Q4 25
$62.0M
$128.3M
Q3 25
$75.5M
$122.3M
Q2 25
$95.1M
$119.3M
Q1 25
$98.7M
$116.3M
Q4 24
$97.8M
$117.0M
Q3 24
$98.5M
$114.5M
Q2 24
$106.9M
$121.0M
Q1 24
$106.1M
$122.5M
Total Assets
NOTE
NOTE
OPRX
OPRX
Q4 25
$255.1M
$176.9M
Q3 25
$273.9M
$170.3M
Q2 25
$288.3M
$169.3M
Q1 25
$299.7M
$167.8M
Q4 24
$326.2M
$171.2M
Q3 24
$337.9M
$165.2M
Q2 24
$346.3M
$172.9M
Q1 24
$357.8M
$176.4M
Debt / Equity
NOTE
NOTE
OPRX
OPRX
Q4 25
2.07×
0.20×
Q3 25
1.74×
0.24×
Q2 25
1.23×
0.25×
Q1 25
1.20×
0.29×
Q4 24
1.50×
0.29×
Q3 24
1.54×
0.32×
Q2 24
1.36×
0.31×
Q1 24
1.44×
0.31×

Cash Flow & Capital Efficiency

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

Metric
NOTE
NOTE
OPRX
OPRX
Operating Cash FlowLast quarter
$-279.0K
$7.1M
Free Cash FlowOCF − Capex
$-1.9M
$7.1M
FCF MarginFCF / Revenue
-8.7%
22.0%
Capex IntensityCapex / Revenue
7.4%
0.0%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$-18.6M
$18.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOTE
NOTE
OPRX
OPRX
Q4 25
$-279.0K
$7.1M
Q3 25
$-8.3M
$3.2M
Q2 25
$-6.2M
$4.6M
Q1 25
$3.3M
$3.9M
Q4 24
$-1.3M
$198.0K
Q3 24
$-3.0M
$1.8M
Q2 24
$-3.7M
$782.0K
Q1 24
$2.7M
$2.1M
Free Cash Flow
NOTE
NOTE
OPRX
OPRX
Q4 25
$-1.9M
$7.1M
Q3 25
$-10.4M
$3.2M
Q2 25
$-7.7M
$4.6M
Q1 25
$1.3M
$3.8M
Q4 24
$-3.4M
$181.0K
Q3 24
$-5.4M
$1.8M
Q2 24
$-6.5M
$737.0K
Q1 24
$1.0M
$2.1M
FCF Margin
NOTE
NOTE
OPRX
OPRX
Q4 25
-8.7%
22.0%
Q3 25
-46.2%
12.2%
Q2 25
-33.0%
15.6%
Q1 25
4.7%
17.5%
Q4 24
-11.4%
0.6%
Q3 24
-18.4%
8.3%
Q2 24
-22.1%
3.9%
Q1 24
3.3%
10.6%
Capex Intensity
NOTE
NOTE
OPRX
OPRX
Q4 25
7.4%
0.0%
Q3 25
9.3%
0.0%
Q2 25
6.4%
0.0%
Q1 25
7.2%
0.1%
Q4 24
6.8%
0.1%
Q3 24
8.3%
0.1%
Q2 24
9.4%
0.2%
Q1 24
5.3%
0.2%
Cash Conversion
NOTE
NOTE
OPRX
OPRX
Q4 25
1.41×
Q3 25
4.11×
Q2 25
2.98×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOTE
NOTE

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

OPRX
OPRX

Segment breakdown not available.

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