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FiscalNote Holdings, Inc.（NOTE）与Simulations Plus, Inc.（SLP）财务数据对比。点击上方公司名可切换其他公司
FiscalNote Holdings, Inc.的季度营收约是Simulations Plus, Inc.的1.2倍（$22.2M vs $18.4M），Simulations Plus, Inc.同比增速更快（-2.7% vs -24.7%），过去两年Simulations Plus, Inc.的营收复合增速更高（0.3% vs -16.8%）
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
Simulations Plus公司为医药生物、化工、化妆品、食品原料及除草剂领域开发ADMET（吸收、分布、代谢、排泄和毒性）建模仿真软件，并于2014年9月收购了提供临床试验数据分析及咨询服务的Cognigen公司，助力相关行业研发工作开展。
NOTE vs SLP — 直观对比
营收规模更大
NOTE
是对方的1.2倍
$18.4M
营收增速更快
SLP
高出22.0%
-24.7%
两年增速更快
SLP
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $22.2M | $18.4M |
| 净利润 | — | $676.0K |
| 毛利率 | — | 59.1% |
| 营业利润率 | -83.7% | 3.9% |
| 净利率 | — | 3.7% |
| 营收同比 | -24.7% | -2.7% |
| 净利润同比 | — | 228.2% |
| 每股收益（稀释后） | $-2.81 | $0.03 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NOTESLP
| Q4 25 | $22.2M | $18.4M | ||
| Q3 25 | $22.4M | $17.5M | ||
| Q2 25 | $23.3M | $20.4M | ||
| Q1 25 | $27.5M | $22.4M | ||
| Q4 24 | $29.5M | $18.9M | ||
| Q3 24 | $29.4M | $18.7M | ||
| Q2 24 | $29.2M | $18.5M | ||
| Q1 24 | $32.1M | $18.3M |
净利润NOTESLP
| Q4 25 | — | $676.0K | ||
| Q3 25 | $-24.9M | $-681.0K | ||
| Q2 25 | $-13.3M | $-67.3M | ||
| Q1 25 | $-4.3M | $3.1M | ||
| Q4 24 | — | $206.0K | ||
| Q3 24 | $-14.9M | $843.0K | ||
| Q2 24 | $-12.8M | $3.1M | ||
| Q1 24 | $50.6M | $4.0M |
毛利率NOTESLP
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 56.4% | ||
| Q2 25 | — | 64.0% | ||
| Q1 25 | — | 58.5% | ||
| Q4 24 | — | 54.0% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 71.5% | ||
| Q1 24 | — | 72.2% |
营业利润率NOTESLP
| Q4 25 | -83.7% | 3.9% | ||
| Q3 25 | -43.4% | 3.8% | ||
| Q2 25 | -31.9% | -364.5% | ||
| Q1 25 | -50.0% | 12.1% | ||
| Q4 24 | -19.4% | 0.7% | ||
| Q3 24 | -23.1% | -6.2% | ||
| Q2 24 | -27.2% | 10.1% | ||
| Q1 24 | -35.6% | 24.3% |
净利率NOTESLP
| Q4 25 | — | 3.7% | ||
| Q3 25 | -110.8% | -3.9% | ||
| Q2 25 | -57.0% | -330.6% | ||
| Q1 25 | -15.4% | 13.7% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | -50.7% | 4.5% | ||
| Q2 24 | -43.6% | 16.9% | ||
| Q1 24 | 157.6% | 22.0% |
每股收益（稀释后）NOTESLP
| Q4 25 | $-2.81 | $0.03 | ||
| Q3 25 | $-1.73 | $-0.03 | ||
| Q2 25 | $-0.08 | $-3.35 | ||
| Q1 25 | $-0.03 | $0.15 | ||
| Q4 24 | $1.88 | $0.01 | ||
| Q3 24 | $-1.33 | $0.04 | ||
| Q2 24 | $-0.09 | $0.15 | ||
| Q1 24 | $0.37 | $0.20 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $26.3M | $35.7M |
| 总债务越低越好 | $128.4M | — |
| 股东权益账面价值 | $62.0M | $127.1M |
| 总资产 | $255.1M | $137.8M |
| 负债/权益比越低杠杆越低 | 2.07× | — |
8季度趋势，按日历期对齐
现金及短期投资NOTESLP
| Q4 25 | $26.3M | $35.7M | ||
| Q3 25 | $31.2M | $32.4M | ||
| Q2 25 | $38.5M | $28.4M | ||
| Q1 25 | $46.3M | $21.4M | ||
| Q4 24 | $34.6M | $18.2M | ||
| Q3 24 | $32.7M | $20.3M | ||
| Q2 24 | $37.7M | $119.0M | ||
| Q1 24 | $43.6M | $108.5M |
总债务NOTESLP
| 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 | — |
股东权益NOTESLP
| Q4 25 | $62.0M | $127.1M | ||
| Q3 25 | $75.5M | $124.8M | ||
| Q2 25 | $95.1M | $123.8M | ||
| Q1 25 | $98.7M | $189.5M | ||
| Q4 24 | $97.8M | $184.7M | ||
| Q3 24 | $98.5M | $182.4M | ||
| Q2 24 | $106.9M | $180.9M | ||
| Q1 24 | $106.1M | $177.0M |
总资产NOTESLP
| Q4 25 | $255.1M | $137.8M | ||
| Q3 25 | $273.9M | $131.9M | ||
| Q2 25 | $288.3M | $134.4M | ||
| Q1 25 | $299.7M | $201.4M | ||
| Q4 24 | $326.2M | $196.9M | ||
| Q3 24 | $337.9M | $196.6M | ||
| Q2 24 | $346.3M | $192.7M | ||
| Q1 24 | $357.8M | $194.0M |
负债/权益比NOTESLP
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-279.0K | $4.2M |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | — |
| 自由现金流率自由现金流/营收 | -8.7% | — |
| 资本支出强度资本支出/营收 | 7.4% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 6.26× |
| 过去12个月自由现金流最近4个季度 | $-18.6M | — |
8季度趋势，按日历期对齐
经营现金流NOTESLP
| Q4 25 | $-279.0K | $4.2M | ||
| Q3 25 | $-8.3M | $5.6M | ||
| Q2 25 | $-6.2M | $8.1M | ||
| Q1 25 | $3.3M | $5.7M | ||
| Q4 24 | $-1.3M | $-1.3M | ||
| Q3 24 | $-3.0M | $1.7M | ||
| Q2 24 | $-3.7M | $5.7M | ||
| Q1 24 | $2.7M | $5.8M |
自由现金流NOTESLP
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $-10.4M | $5.3M | ||
| Q2 25 | $-7.7M | $7.8M | ||
| Q1 25 | $1.3M | $5.6M | ||
| Q4 24 | $-3.4M | $-1.4M | ||
| Q3 24 | $-5.4M | $1.6M | ||
| Q2 24 | $-6.5M | $5.6M | ||
| Q1 24 | $1.0M | $5.4M |
自由现金流率NOTESLP
| Q4 25 | -8.7% | — | ||
| Q3 25 | -46.2% | 30.5% | ||
| Q2 25 | -33.0% | 38.5% | ||
| Q1 25 | 4.7% | 25.0% | ||
| Q4 24 | -11.4% | -7.2% | ||
| Q3 24 | -18.4% | 8.8% | ||
| Q2 24 | -22.1% | 30.0% | ||
| Q1 24 | 3.3% | 29.4% |
资本支出强度NOTESLP
| Q4 25 | 7.4% | 0.0% | ||
| Q3 25 | 9.3% | 1.5% | ||
| Q2 25 | 6.4% | 1.5% | ||
| Q1 25 | 7.2% | 0.3% | ||
| Q4 24 | 6.8% | 0.5% | ||
| Q3 24 | 8.3% | 0.1% | ||
| Q2 24 | 9.4% | 0.6% | ||
| Q1 24 | 5.3% | 2.4% |
现金转化率NOTESLP
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | — | -6.18× | ||
| Q3 24 | — | 1.97× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | 0.05× | 1.44× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
SLP
| Services Segment | $9.5M | 52% |
| Development | $7.2M | 39% |
| Discovery | $1.3M | 7% |
