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Side-by-side financial comparison of FiscalNote Holdings, Inc. (NOTE) and Western New England Bancorp, Inc. (WNEB). Click either name above to swap in a different company.

FiscalNote Holdings, Inc. is the larger business by last-quarter revenue ($22.2M vs $22.0M, roughly 1.0× Western New England Bancorp, Inc.). On growth, Western New England Bancorp, Inc. posted the faster year-over-year revenue change (18.8% vs -24.7%). Western New England Bancorp, Inc. produced more free cash flow last quarter ($17.1M vs $-1.9M). Over the past eight quarters, Western New England Bancorp, Inc.'s revenue compounded faster (10.5% 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...

The Bank of New England Corporation refers to a current online real estate bank based in New Hampshire and former regional banking institution based in Boston, Massachusetts, which was seized by the Federal Deposit Insurance Corporation (FDIC) in 1991 as a result of heavy losses in its loan portfolio and was placed into Chapter 7 liquidation. At the time, it was the 33rd largest bank in the United States, and its federal seizure bailout was the second-largest on record. At its peak, it had be...

NOTE vs WNEB — Head-to-Head

Bigger by revenue
NOTE
NOTE
1.0× larger
NOTE
$22.2M
$22.0M
WNEB
Growing faster (revenue YoY)
WNEB
WNEB
+43.4% gap
WNEB
18.8%
-24.7%
NOTE
More free cash flow
WNEB
WNEB
$19.1M more FCF
WNEB
$17.1M
$-1.9M
NOTE
Faster 2-yr revenue CAGR
WNEB
WNEB
Annualised
WNEB
10.5%
-16.8%
NOTE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NOTE
NOTE
WNEB
WNEB
Revenue
$22.2M
$22.0M
Net Profit
$5.2M
Gross Margin
Operating Margin
-83.7%
30.1%
Net Margin
23.7%
Revenue YoY
-24.7%
18.8%
Net Profit YoY
58.4%
EPS (diluted)
$-2.81
$0.25

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
WNEB
WNEB
Q4 25
$22.2M
$22.0M
Q3 25
$22.4M
$21.3M
Q2 25
$23.3M
$21.1M
Q1 25
$27.5M
$18.3M
Q4 24
$29.5M
$18.5M
Q3 24
$29.4M
$17.9M
Q2 24
$29.2M
$18.3M
Q1 24
$32.1M
$18.0M
Net Profit
NOTE
NOTE
WNEB
WNEB
Q4 25
$5.2M
Q3 25
$-24.9M
$3.2M
Q2 25
$-13.3M
$4.6M
Q1 25
$-4.3M
$2.3M
Q4 24
$3.3M
Q3 24
$-14.9M
$1.9M
Q2 24
$-12.8M
$3.5M
Q1 24
$50.6M
$3.0M
Operating Margin
NOTE
NOTE
WNEB
WNEB
Q4 25
-83.7%
30.1%
Q3 25
-43.4%
19.7%
Q2 25
-31.9%
28.6%
Q1 25
-50.0%
16.2%
Q4 24
-19.4%
23.5%
Q3 24
-23.1%
14.1%
Q2 24
-27.2%
23.4%
Q1 24
-35.6%
21.0%
Net Margin
NOTE
NOTE
WNEB
WNEB
Q4 25
23.7%
Q3 25
-110.8%
14.9%
Q2 25
-57.0%
21.8%
Q1 25
-15.4%
12.6%
Q4 24
17.7%
Q3 24
-50.7%
10.7%
Q2 24
-43.6%
19.2%
Q1 24
157.6%
16.4%
EPS (diluted)
NOTE
NOTE
WNEB
WNEB
Q4 25
$-2.81
$0.25
Q3 25
$-1.73
$0.16
Q2 25
$-0.08
$0.23
Q1 25
$-0.03
$0.11
Q4 24
$1.88
$0.16
Q3 24
$-1.33
$0.09
Q2 24
$-0.09
$0.17
Q1 24
$0.37
$0.14

Balance Sheet & Financial Strength

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

Metric
NOTE
NOTE
WNEB
WNEB
Cash + ST InvestmentsLiquidity on hand
$26.3M
Total DebtLower is stronger
$128.4M
Stockholders' EquityBook value
$62.0M
$247.6M
Total Assets
$255.1M
$2.7B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOTE
NOTE
WNEB
WNEB
Q4 25
$26.3M
Q3 25
$31.2M
Q2 25
$38.5M
Q1 25
$46.3M
Q4 24
$34.6M
Q3 24
$32.7M
Q2 24
$37.7M
Q1 24
$43.6M
Total Debt
NOTE
NOTE
WNEB
WNEB
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
WNEB
WNEB
Q4 25
$62.0M
$247.6M
Q3 25
$75.5M
$243.6M
Q2 25
$95.1M
$239.4M
Q1 25
$98.7M
$237.7M
Q4 24
$97.8M
$235.9M
Q3 24
$98.5M
$240.7M
Q2 24
$106.9M
$236.5M
Q1 24
$106.1M
$235.8M
Total Assets
NOTE
NOTE
WNEB
WNEB
Q4 25
$255.1M
$2.7B
Q3 25
$273.9M
$2.7B
Q2 25
$288.3M
$2.7B
Q1 25
$299.7M
$2.7B
Q4 24
$326.2M
$2.7B
Q3 24
$337.9M
$2.6B
Q2 24
$346.3M
$2.6B
Q1 24
$357.8M
$2.6B
Debt / Equity
NOTE
NOTE
WNEB
WNEB
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
WNEB
WNEB
Operating Cash FlowLast quarter
$-279.0K
$18.2M
Free Cash FlowOCF − Capex
$-1.9M
$17.1M
FCF MarginFCF / Revenue
-8.7%
77.9%
Capex IntensityCapex / Revenue
7.4%
4.9%
Cash ConversionOCF / Net Profit
3.50×
TTM Free Cash FlowTrailing 4 quarters
$-18.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOTE
NOTE
WNEB
WNEB
Q4 25
$-279.0K
$18.2M
Q3 25
$-8.3M
$5.6M
Q2 25
$-6.2M
$6.8M
Q1 25
$3.3M
$-1.2M
Q4 24
$-1.3M
$12.2M
Q3 24
$-3.0M
$3.0M
Q2 24
$-3.7M
$2.0M
Q1 24
$2.7M
$1.2M
Free Cash Flow
NOTE
NOTE
WNEB
WNEB
Q4 25
$-1.9M
$17.1M
Q3 25
$-10.4M
Q2 25
$-7.7M
Q1 25
$1.3M
Q4 24
$-3.4M
$11.0M
Q3 24
$-5.4M
Q2 24
$-6.5M
Q1 24
$1.0M
FCF Margin
NOTE
NOTE
WNEB
WNEB
Q4 25
-8.7%
77.9%
Q3 25
-46.2%
Q2 25
-33.0%
Q1 25
4.7%
Q4 24
-11.4%
59.2%
Q3 24
-18.4%
Q2 24
-22.1%
Q1 24
3.3%
Capex Intensity
NOTE
NOTE
WNEB
WNEB
Q4 25
7.4%
4.9%
Q3 25
9.3%
Q2 25
6.4%
Q1 25
7.2%
Q4 24
6.8%
6.5%
Q3 24
8.3%
Q2 24
9.4%
Q1 24
5.3%
Cash Conversion
NOTE
NOTE
WNEB
WNEB
Q4 25
3.50×
Q3 25
1.76×
Q2 25
1.49×
Q1 25
-0.54×
Q4 24
3.70×
Q3 24
1.57×
Q2 24
0.56×
Q1 24
0.05×
0.40×

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%

WNEB
WNEB

Segment breakdown not available.

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