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FiscalNote Holdings, Inc.（NOTE）与Spok Holdings, Inc（SPOK）财务数据对比。点击上方公司名可切换其他公司
Spok Holdings, Inc的季度营收约是FiscalNote Holdings, Inc.的1.5倍（$33.9M vs $22.2M），Spok Holdings, Inc同比增速更快（-0.1% vs -24.7%），Spok Holdings, Inc自由现金流更多（$10.1M vs $-1.9M），过去两年Spok Holdings, Inc的营收复合增速更高（-1.5% 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。
Spok Holdings, Inc.是一家主要服务医疗健康行业的关键通信解决方案提供商，主打统一临床通信平台、安全消息工具、警报系统和值班调度软件，帮助医护团队高效协作，缩短响应时长，提升医疗机构的患者安全水平。
NOTE vs SPOK — 直观对比
营收规模更大
SPOK
是对方的1.5倍
$22.2M
营收增速更快
SPOK
高出24.6%
-24.7%
自由现金流更多
SPOK
多$12.0M
$-1.9M
两年增速更快
SPOK
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2M | $33.9M |
| 净利润 | — | $2.9M |
| 毛利率 | — | 76.7% |
| 营业利润率 | -83.7% | 11.6% |
| 净利率 | — | 8.7% |
| 营收同比 | -24.7% | -0.1% |
| 净利润同比 | — | -19.6% |
| 每股收益（稀释后） | $-2.81 | $0.13 |
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NOTESPOK
| Q4 25 | $22.2M | $33.9M | ||
| Q3 25 | $22.4M | $33.9M | ||
| Q2 25 | $23.3M | $35.7M | ||
| Q1 25 | $27.5M | $36.3M | ||
| Q4 24 | $29.5M | $33.9M | ||
| Q3 24 | $29.4M | $34.9M | ||
| Q2 24 | $29.2M | $34.0M | ||
| Q1 24 | $32.1M | $34.9M |
净利润NOTESPOK
| Q4 25 | — | $2.9M | ||
| Q3 25 | $-24.9M | $3.2M | ||
| Q2 25 | $-13.3M | $4.6M | ||
| Q1 25 | $-4.3M | $5.2M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $-14.9M | $3.7M | ||
| Q2 24 | $-12.8M | $3.4M | ||
| Q1 24 | $50.6M | $4.2M |
毛利率NOTESPOK
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
营业利润率NOTESPOK
| Q4 25 | -83.7% | 11.6% | ||
| Q3 25 | -43.4% | 12.9% | ||
| Q2 25 | -31.9% | 15.1% | ||
| Q1 25 | -50.0% | 16.6% | ||
| Q4 24 | -19.4% | 13.7% | ||
| Q3 24 | -23.1% | 14.2% | ||
| Q2 24 | -27.2% | 13.2% | ||
| Q1 24 | -35.6% | 14.0% |
净利率NOTESPOK
| Q4 25 | — | 8.7% | ||
| Q3 25 | -110.8% | 9.5% | ||
| Q2 25 | -57.0% | 12.8% | ||
| Q1 25 | -15.4% | 14.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | -50.7% | 10.5% | ||
| Q2 24 | -43.6% | 10.1% | ||
| Q1 24 | 157.6% | 12.1% |
每股收益（稀释后）NOTESPOK
| Q4 25 | $-2.81 | $0.13 | ||
| Q3 25 | $-1.73 | $0.15 | ||
| Q2 25 | $-0.08 | $0.22 | ||
| Q1 25 | $-0.03 | $0.25 | ||
| Q4 24 | $1.88 | $0.17 | ||
| Q3 24 | $-1.33 | $0.18 | ||
| Q2 24 | $-0.09 | $0.17 | ||
| Q1 24 | $0.37 | $0.21 |
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 | $25.3M |
| 总债务越低越好 | $128.4M | — |
| 股东权益账面价值 | $62.0M | $146.4M |
| 总资产 | $255.1M | $206.1M |
| 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NOTESPOK
| Q4 25 | $26.3M | $25.3M | ||
| Q3 25 | $31.2M | $21.4M | ||
| Q2 25 | $38.5M | $20.2M | ||
| Q1 25 | $46.3M | $19.9M | ||
| Q4 24 | $34.6M | $29.1M | ||
| Q3 24 | $32.7M | $27.8M | ||
| Q2 24 | $37.7M | $23.9M | ||
| Q1 24 | $43.6M | $23.3M |
总债务NOTESPOK
| 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NOTESPOK
| Q4 25 | $62.0M | $146.4M | ||
| Q3 25 | $75.5M | $148.7M | ||
| Q2 25 | $95.1M | $150.9M | ||
| Q1 25 | $98.7M | $151.7M | ||
| Q4 24 | $97.8M | $154.7M | ||
| Q3 24 | $98.5M | $156.3M | ||
| Q2 24 | $106.9M | $158.2M | ||
| Q1 24 | $106.1M | $160.2M |
总资产NOTESPOK
| Q4 25 | $255.1M | $206.1M | ||
| Q3 25 | $273.9M | $209.7M | ||
| Q2 25 | $288.3M | $208.7M | ||
| Q1 25 | $299.7M | $204.5M | ||
| Q4 24 | $326.2M | $217.1M | ||
| Q3 24 | $337.9M | $216.8M | ||
| Q2 24 | $346.3M | $216.4M | ||
| Q1 24 | $357.8M | $215.0M |
负债/权益比NOTESPOK
| 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 | $11.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | $10.1M |
| 自由现金流率自由现金流/营收 | -8.7% | 29.9% |
| 资本支出强度资本支出/营收 | 7.4% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 3.93× |
| 过去12个月自由现金流最近4个季度 | $-18.6M | $25.2M |
8季度趋势，按日历期对齐
经营现金流NOTESPOK
| Q4 25 | $-279.0K | $11.5M | ||
| Q3 25 | $-8.3M | $8.1M | ||
| Q2 25 | $-6.2M | $7.0M | ||
| Q1 25 | $3.3M | $2.3M | ||
| Q4 24 | $-1.3M | $8.4M | ||
| Q3 24 | $-3.0M | $11.1M | ||
| Q2 24 | $-3.7M | $7.4M | ||
| Q1 24 | $2.7M | $2.0M |
自由现金流NOTESPOK
| Q4 25 | $-1.9M | $10.1M | ||
| Q3 25 | $-10.4M | $7.6M | ||
| Q2 25 | $-7.7M | $6.0M | ||
| Q1 25 | $1.3M | $1.5M | ||
| Q4 24 | $-3.4M | $7.5M | ||
| Q3 24 | $-5.4M | $10.3M | ||
| Q2 24 | $-6.5M | $6.8M | ||
| Q1 24 | $1.0M | $1.1M |
自由现金流率NOTESPOK
| Q4 25 | -8.7% | 29.9% | ||
| Q3 25 | -46.2% | 22.4% | ||
| Q2 25 | -33.0% | 16.8% | ||
| Q1 25 | 4.7% | 4.2% | ||
| Q4 24 | -11.4% | 22.3% | ||
| Q3 24 | -18.4% | 29.4% | ||
| Q2 24 | -22.1% | 20.0% | ||
| Q1 24 | 3.3% | 3.2% |
资本支出强度NOTESPOK
| Q4 25 | 7.4% | 4.1% | ||
| Q3 25 | 9.3% | 1.6% | ||
| Q2 25 | 6.4% | 2.9% | ||
| Q1 25 | 7.2% | 2.1% | ||
| Q4 24 | 6.8% | 2.5% | ||
| Q3 24 | 8.3% | 2.4% | ||
| Q2 24 | 9.4% | 1.9% | ||
| Q1 24 | 5.3% | 2.5% |
现金转化率NOTESPOK
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | 0.05× | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
