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Side-by-side financial comparison of FiscalNote Holdings, Inc. (NOTE) and Oak Valley Bancorp (OVLY). Click either name above to swap in a different company.

FiscalNote Holdings, Inc. is the larger business by last-quarter revenue ($22.2M vs $21.3M, roughly 1.0× Oak Valley Bancorp). On growth, Oak Valley Bancorp posted the faster year-over-year revenue change (10.4% vs -24.7%). Oak Valley Bancorp produced more free cash flow last quarter ($24.6M vs $-1.9M). Over the past eight quarters, Oak Valley Bancorp's revenue compounded faster (6.5% 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...

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Morristown, New Jersey, with approximately $64 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois. Valley Bank is one of the largest commercial banks headquartered in New Jersey.

NOTE vs OVLY — Head-to-Head

Bigger by revenue
NOTE
NOTE
1.0× larger
NOTE
$22.2M
$21.3M
OVLY
Growing faster (revenue YoY)
OVLY
OVLY
+35.1% gap
OVLY
10.4%
-24.7%
NOTE
More free cash flow
OVLY
OVLY
$26.5M more FCF
OVLY
$24.6M
$-1.9M
NOTE
Faster 2-yr revenue CAGR
OVLY
OVLY
Annualised
OVLY
6.5%
-16.8%
NOTE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NOTE
NOTE
OVLY
OVLY
Revenue
$22.2M
$21.3M
Net Profit
$6.3M
Gross Margin
Operating Margin
-83.7%
38.3%
Net Margin
29.8%
Revenue YoY
-24.7%
10.4%
Net Profit YoY
5.4%
EPS (diluted)
$-2.81
$0.76

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
OVLY
OVLY
Q4 25
$22.2M
$21.3M
Q3 25
$22.4M
$21.2M
Q2 25
$23.3M
$19.9M
Q1 25
$27.5M
$19.4M
Q4 24
$29.5M
$19.3M
Q3 24
$29.4M
$19.5M
Q2 24
$29.2M
$19.1M
Q1 24
$32.1M
$18.8M
Net Profit
NOTE
NOTE
OVLY
OVLY
Q4 25
$6.3M
Q3 25
$-24.9M
$6.7M
Q2 25
$-13.3M
$5.6M
Q1 25
$-4.3M
$5.3M
Q4 24
$6.0M
Q3 24
$-14.9M
$7.3M
Q2 24
$-12.8M
$5.9M
Q1 24
$50.6M
$5.7M
Operating Margin
NOTE
NOTE
OVLY
OVLY
Q4 25
-83.7%
38.3%
Q3 25
-43.4%
40.3%
Q2 25
-31.9%
36.1%
Q1 25
-50.0%
35.0%
Q4 24
-19.4%
40.1%
Q3 24
-23.1%
50.2%
Q2 24
-27.2%
39.0%
Q1 24
-35.6%
38.5%
Net Margin
NOTE
NOTE
OVLY
OVLY
Q4 25
29.8%
Q3 25
-110.8%
31.6%
Q2 25
-57.0%
28.1%
Q1 25
-15.4%
27.3%
Q4 24
31.2%
Q3 24
-50.7%
37.6%
Q2 24
-43.6%
30.9%
Q1 24
157.6%
30.5%
EPS (diluted)
NOTE
NOTE
OVLY
OVLY
Q4 25
$-2.81
$0.76
Q3 25
$-1.73
$0.81
Q2 25
$-0.08
$0.67
Q1 25
$-0.03
$0.64
Q4 24
$1.88
$0.73
Q3 24
$-1.33
$0.89
Q2 24
$-0.09
$0.71
Q1 24
$0.37
$0.69

Balance Sheet & Financial Strength

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

Metric
NOTE
NOTE
OVLY
OVLY
Cash + ST InvestmentsLiquidity on hand
$26.3M
$232.2M
Total DebtLower is stronger
$128.4M
Stockholders' EquityBook value
$62.0M
$208.0M
Total Assets
$255.1M
$2.0B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOTE
NOTE
OVLY
OVLY
Q4 25
$26.3M
$232.2M
Q3 25
$31.2M
$247.2M
Q2 25
$38.5M
$198.9M
Q1 25
$46.3M
$209.3M
Q4 24
$34.6M
$168.8M
Q3 24
$32.7M
$213.9M
Q2 24
$37.7M
$180.3M
Q1 24
$43.6M
$169.7M
Total Debt
NOTE
NOTE
OVLY
OVLY
Q4 25
$128.4M
Q3 25
$131.5M
Q2 25
$116.7M
Q1 25
$118.0M
Q4 24
$147.1M
Q3 24
$152.2M
Q2 24
$145.9M
Q1 24
$153.0M
Stockholders' Equity
NOTE
NOTE
OVLY
OVLY
Q4 25
$62.0M
$208.0M
Q3 25
$75.5M
$198.3M
Q2 25
$95.1M
$185.8M
Q1 25
$98.7M
$183.5M
Q4 24
$97.8M
$183.4M
Q3 24
$98.5M
$185.4M
Q2 24
$106.9M
$171.8M
Q1 24
$106.1M
$166.9M
Total Assets
NOTE
NOTE
OVLY
OVLY
Q4 25
$255.1M
$2.0B
Q3 25
$273.9M
$2.0B
Q2 25
$288.3M
$1.9B
Q1 25
$299.7M
$1.9B
Q4 24
$326.2M
$1.9B
Q3 24
$337.9M
$1.9B
Q2 24
$346.3M
$1.8B
Q1 24
$357.8M
$1.8B
Debt / Equity
NOTE
NOTE
OVLY
OVLY
Q4 25
2.07×
Q3 25
1.74×
Q2 25
1.23×
Q1 25
1.20×
Q4 24
1.50×
Q3 24
1.54×
Q2 24
1.36×
Q1 24
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
NOTE
NOTE
OVLY
OVLY
Operating Cash FlowLast quarter
$-279.0K
$28.7M
Free Cash FlowOCF − Capex
$-1.9M
$24.6M
FCF MarginFCF / Revenue
-8.7%
115.4%
Capex IntensityCapex / Revenue
7.4%
19.3%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters
$-18.6M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOTE
NOTE
OVLY
OVLY
Q4 25
$-279.0K
$28.7M
Q3 25
$-8.3M
$7.1M
Q2 25
$-6.2M
$5.6M
Q1 25
$3.3M
$8.0M
Q4 24
$-1.3M
$25.6M
Q3 24
$-3.0M
$8.9M
Q2 24
$-3.7M
$4.2M
Q1 24
$2.7M
$8.3M
Free Cash Flow
NOTE
NOTE
OVLY
OVLY
Q4 25
$-1.9M
$24.6M
Q3 25
$-10.4M
$6.3M
Q2 25
$-7.7M
$4.0M
Q1 25
$1.3M
$6.8M
Q4 24
$-3.4M
$23.9M
Q3 24
$-5.4M
$8.7M
Q2 24
$-6.5M
$3.6M
Q1 24
$1.0M
$8.1M
FCF Margin
NOTE
NOTE
OVLY
OVLY
Q4 25
-8.7%
115.4%
Q3 25
-46.2%
30.0%
Q2 25
-33.0%
20.1%
Q1 25
4.7%
35.0%
Q4 24
-11.4%
123.8%
Q3 24
-18.4%
44.9%
Q2 24
-22.1%
18.8%
Q1 24
3.3%
43.4%
Capex Intensity
NOTE
NOTE
OVLY
OVLY
Q4 25
7.4%
19.3%
Q3 25
9.3%
3.7%
Q2 25
6.4%
8.0%
Q1 25
7.2%
6.1%
Q4 24
6.8%
9.2%
Q3 24
8.3%
0.9%
Q2 24
9.4%
3.1%
Q1 24
5.3%
0.7%
Cash Conversion
NOTE
NOTE
OVLY
OVLY
Q4 25
4.53×
Q3 25
1.07×
Q2 25
1.00×
Q1 25
1.50×
Q4 24
4.27×
Q3 24
1.22×
Q2 24
0.71×
Q1 24
0.05×
1.45×

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%

OVLY
OVLY

Segment breakdown not available.

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