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FiscalNote Holdings, Inc.（NOTE）与Spire Global, Inc.（SPIR）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Spire Global, Inc.的1.4倍（$22.2M vs $15.8M），FiscalNote Holdings, Inc.同比增速更快（-24.7% vs -26.9%），FiscalNote Holdings, Inc.自由现金流更多（$-1.9M vs $-16.2M），过去两年FiscalNote Holdings, Inc.的营收复合增速更高（-16.8% vs -32.6%）
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。
Spire Global, Inc.是一家天基云数据与分析服务企业，核心业务依托由大量纳米卫星组成的卫星星座，提供覆盖全球的多领域数据集追踪服务，具体包含船舶航运追踪、航空航行监控以及气象模式观测等相关业务，服务覆盖全球范围。
NOTE vs SPIR — 直观对比
营收规模更大
NOTE
是对方的1.4倍
$15.8M
营收增速更快
NOTE
高出2.3%
-26.9%
自由现金流更多
NOTE
多$14.2M
$-16.2M
两年增速更快
NOTE
近两年复合增速
-32.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2M | $15.8M |
| 净利润 | — | $-28.0M |
| 毛利率 | — | 40.2% |
| 营业利润率 | -83.7% | -164.1% |
| 净利率 | — | -176.6% |
| 营收同比 | -24.7% | -26.9% |
| 净利润同比 | — | 42.7% |
| 每股收益（稀释后） | $-2.81 | $-0.85 |
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NOTESPIR
| Q4 25 | $22.2M | $15.8M | ||
| Q3 25 | $22.4M | $12.7M | ||
| Q2 25 | $23.3M | $19.2M | ||
| Q1 25 | $27.5M | $23.9M | ||
| Q4 24 | $29.5M | $21.7M | ||
| Q3 24 | $29.4M | $28.6M | ||
| Q2 24 | $29.2M | $25.4M | ||
| Q1 24 | $32.1M | $34.8M |
净利润NOTESPIR
| Q4 25 | — | $-28.0M | ||
| Q3 25 | $-24.9M | $-19.7M | ||
| Q2 25 | $-13.3M | $119.6M | ||
| Q1 25 | $-4.3M | $-20.7M | ||
| Q4 24 | — | $-48.8M | ||
| Q3 24 | $-14.9M | $-12.5M | ||
| Q2 24 | $-12.8M | $-16.6M | ||
| Q1 24 | $50.6M | $-25.5M |
毛利率NOTESPIR
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
营业利润率NOTESPIR
| Q4 25 | -83.7% | -164.1% | ||
| Q3 25 | -43.4% | -166.1% | ||
| Q2 25 | -31.9% | -122.7% | ||
| Q1 25 | -50.0% | -106.5% | ||
| Q4 24 | -19.4% | -144.1% | ||
| Q3 24 | -23.1% | -48.0% | ||
| Q2 24 | -27.2% | -48.6% | ||
| Q1 24 | -35.6% | -34.4% |
净利率NOTESPIR
| Q4 25 | — | -176.6% | ||
| Q3 25 | -110.8% | -155.3% | ||
| Q2 25 | -57.0% | 623.4% | ||
| Q1 25 | -15.4% | -86.5% | ||
| Q4 24 | — | -225.2% | ||
| Q3 24 | -50.7% | -43.7% | ||
| Q2 24 | -43.6% | -65.2% | ||
| Q1 24 | 157.6% | -73.3% |
每股收益（稀释后）NOTESPIR
| Q4 25 | $-2.81 | $-0.85 | ||
| Q3 25 | $-1.73 | $-0.61 | ||
| Q2 25 | $-0.08 | $3.72 | ||
| Q1 25 | $-0.03 | $-0.77 | ||
| Q4 24 | $1.88 | $-1.93 | ||
| Q3 24 | $-1.33 | $-0.50 | ||
| Q2 24 | $-0.09 | $-0.68 | ||
| Q1 24 | $0.37 | $-1.17 |
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 | $81.8M |
| 总债务越低越好 | $128.4M | — |
| 股东权益账面价值 | $62.0M | $112.9M |
| 总资产 | $255.1M | $211.0M |
| 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NOTESPIR
| Q4 25 | $26.3M | $81.8M | ||
| Q3 25 | $31.2M | $96.8M | ||
| Q2 25 | $38.5M | $117.6M | ||
| Q1 25 | $46.3M | $35.9M | ||
| Q4 24 | $34.6M | $19.2M | ||
| Q3 24 | $32.7M | $36.6M | ||
| Q2 24 | $37.7M | $45.8M | ||
| Q1 24 | $43.6M | $63.7M |
总债务NOTESPIR
| Q4 25 | $128.4M | — | ||
| Q3 25 | $131.5M | — | ||
| Q2 25 | $116.7M | — | ||
| Q1 25 | $118.0M | $103.7M | ||
| Q4 24 | $147.1M | $103.1M | ||
| Q3 24 | $152.2M | $4.9M | ||
| Q2 24 | $145.9M | $4.9M | ||
| Q1 24 | $153.0M | $123.1M |
股东权益NOTESPIR
| Q4 25 | $62.0M | $112.9M | ||
| Q3 25 | $75.5M | $133.1M | ||
| Q2 25 | $95.1M | $149.2M | ||
| Q1 25 | $98.7M | $3.7M | ||
| Q4 24 | $97.8M | $-11.7M | ||
| Q3 24 | $98.5M | $30.8M | ||
| Q2 24 | $106.9M | $40.3M | ||
| Q1 24 | $106.1M | $52.5M |
总资产NOTESPIR
| Q4 25 | $255.1M | $211.0M | ||
| Q3 25 | $273.9M | $224.3M | ||
| Q2 25 | $288.3M | $239.5M | ||
| Q1 25 | $299.7M | $208.8M | ||
| Q4 24 | $326.2M | $193.6M | ||
| Q3 24 | $337.9M | $224.2M | ||
| Q2 24 | $346.3M | $230.8M | ||
| Q1 24 | $357.8M | $252.3M |
负债/权益比NOTESPIR
| Q4 25 | 2.07× | — | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.20× | 27.92× | ||
| Q4 24 | 1.50× | — | ||
| Q3 24 | 1.54× | 0.16× | ||
| Q2 24 | 1.36× | 0.12× | ||
| Q1 24 | 1.44× | 2.35× |
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 | $-4.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | $-16.2M |
| 自由现金流率自由现金流/营收 | -8.7% | -102.1% |
| 资本支出强度资本支出/营收 | 7.4% | 75.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-18.6M | $-92.6M |
8季度趋势，按日历期对齐
经营现金流NOTESPIR
| Q4 25 | $-279.0K | $-4.3M | ||
| Q3 25 | $-8.3M | $-12.0M | ||
| Q2 25 | $-6.2M | $-35.1M | ||
| Q1 25 | $3.3M | $-8.4M | ||
| Q4 24 | $-1.3M | $-19.2M | ||
| Q3 24 | $-3.0M | $14.0M | ||
| Q2 24 | $-3.7M | $-4.4M | ||
| Q1 24 | $2.7M | $-8.8M |
自由现金流NOTESPIR
| Q4 25 | $-1.9M | $-16.2M | ||
| Q3 25 | $-10.4M | $-20.4M | ||
| Q2 25 | $-7.7M | $-38.7M | ||
| Q1 25 | $1.3M | $-17.3M | ||
| Q4 24 | $-3.4M | $-24.3M | ||
| Q3 24 | $-5.4M | $5.1M | ||
| Q2 24 | $-6.5M | $-9.9M | ||
| Q1 24 | $1.0M | $-15.9M |
自由现金流率NOTESPIR
| Q4 25 | -8.7% | -102.1% | ||
| Q3 25 | -46.2% | -161.3% | ||
| Q2 25 | -33.0% | -201.7% | ||
| Q1 25 | 4.7% | -72.6% | ||
| Q4 24 | -11.4% | -112.2% | ||
| Q3 24 | -18.4% | 17.8% | ||
| Q2 24 | -22.1% | -39.0% | ||
| Q1 24 | 3.3% | -45.7% |
资本支出强度NOTESPIR
| Q4 25 | 7.4% | 75.1% | ||
| Q3 25 | 9.3% | 66.2% | ||
| Q2 25 | 6.4% | 18.8% | ||
| Q1 25 | 7.2% | 37.3% | ||
| Q4 24 | 6.8% | 23.5% | ||
| Q3 24 | 8.3% | 31.2% | ||
| Q2 24 | 9.4% | 21.8% | ||
| Q1 24 | 5.3% | 20.3% |
现金转化率NOTESPIR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.05× | — |
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% |
SPIR
暂无分部数据
