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FiscalNote Holdings, Inc.（NOTE）与Usio, Inc.（USIO）财务数据对比。点击上方公司名可切换其他公司
Usio, Inc.的季度营收约是FiscalNote Holdings, Inc.的1.0倍（$22.2M vs $22.2M），Usio, Inc.同比增速更快（8.2% vs -24.7%），Usio, Inc.自由现金流更多（$1.1M vs $-1.9M），过去两年Usio, Inc.的营收复合增速更高（3.0% 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。
Usio, Inc.是总部位于美国得克萨斯州圣安东尼奥的金融科技企业，主打综合电子支付服务，业务涵盖ACH交易处理、信用卡与借记卡收单、为软件平台提供支付便利、预付卡发行，同时还经营文件打印邮寄业务。
NOTE vs USIO — 直观对比
营收规模更大
USIO
是对方的1.0倍
$22.2M
营收增速更快
USIO
高出32.8%
-24.7%
自由现金流更多
USIO
多$3.0M
$-1.9M
两年增速更快
USIO
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2M | $22.2M |
| 净利润 | — | $-1.5M |
| 毛利率 | — | 21.9% |
| 营业利润率 | -83.7% | -5.7% |
| 净利率 | — | -6.7% |
| 营收同比 | -24.7% | 8.2% |
| 净利润同比 | — | -337.8% |
| 每股收益（稀释后） | $-2.81 | $-0.05 |
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NOTEUSIO
| Q4 25 | $22.2M | $22.2M | ||
| Q3 25 | $22.4M | $21.2M | ||
| Q2 25 | $23.3M | $20.0M | ||
| Q1 25 | $27.5M | $22.0M | ||
| Q4 24 | $29.5M | $20.6M | ||
| Q3 24 | $29.4M | $21.3M | ||
| Q2 24 | $29.2M | $20.1M | ||
| Q1 24 | $32.1M | $21.0M |
净利润NOTEUSIO
| Q4 25 | — | $-1.5M | ||
| Q3 25 | $-24.9M | $-415.1K | ||
| Q2 25 | $-13.3M | $-366.7K | ||
| Q1 25 | $-4.3M | $-235.0K | ||
| Q4 24 | — | $628.9K | ||
| Q3 24 | $-14.9M | $2.9M | ||
| Q2 24 | $-12.8M | $75.5K | ||
| Q1 24 | $50.6M | $-250.2K |
毛利率NOTEUSIO
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 23.0% | ||
| Q2 25 | — | 25.8% | ||
| Q1 25 | — | 21.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 23.0% | ||
| Q2 24 | — | 23.9% | ||
| Q1 24 | — | 23.1% |
营业利润率NOTEUSIO
| Q4 25 | -83.7% | -5.7% | ||
| Q3 25 | -43.4% | -2.2% | ||
| Q2 25 | -31.9% | -2.0% | ||
| Q1 25 | -50.0% | -1.1% | ||
| Q4 24 | -19.4% | -2.9% | ||
| Q3 24 | -23.1% | -1.8% | ||
| Q2 24 | -27.2% | -1.0% | ||
| Q1 24 | -35.6% | -1.3% |
净利率NOTEUSIO
| Q4 25 | — | -6.7% | ||
| Q3 25 | -110.8% | -2.0% | ||
| Q2 25 | -57.0% | -1.8% | ||
| Q1 25 | -15.4% | -1.1% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | -50.7% | 13.4% | ||
| Q2 24 | -43.6% | 0.4% | ||
| Q1 24 | 157.6% | -1.2% |
每股收益（稀释后）NOTEUSIO
| Q4 25 | $-2.81 | $-0.05 | ||
| Q3 25 | $-1.73 | $-0.02 | ||
| Q2 25 | $-0.08 | $-0.01 | ||
| Q1 25 | $-0.03 | $-0.01 | ||
| Q4 24 | $1.88 | $0.03 | ||
| Q3 24 | $-1.33 | $0.10 | ||
| Q2 24 | $-0.09 | $0.00 | ||
| Q1 24 | $0.37 | $-0.01 |
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 | $7.4M |
| 总债务越低越好 | $128.4M | $1.4M |
| 股东权益账面价值 | $62.0M | $17.9M |
| 总资产 | $255.1M | $134.9M |
| 负债/权益比越低杠杆越低 | 2.07× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资NOTEUSIO
| Q4 25 | $26.3M | $7.4M | ||
| Q3 25 | $31.2M | $7.7M | ||
| Q2 25 | $38.5M | $8.1M | ||
| Q1 25 | $46.3M | $8.7M | ||
| Q4 24 | $34.6M | $8.1M | ||
| Q3 24 | $32.7M | $8.4M | ||
| Q2 24 | $37.7M | $7.2M | ||
| Q1 24 | $43.6M | $7.1M |
总债务NOTEUSIO
| Q4 25 | $128.4M | $1.4M | ||
| Q3 25 | $131.5M | $836.7K | ||
| Q2 25 | $116.7M | $647.1K | ||
| Q1 25 | $118.0M | $683.3K | ||
| Q4 24 | $147.1M | $719.4K | ||
| Q3 24 | $152.2M | $562.9K | ||
| Q2 24 | $145.9M | $597.2K | ||
| Q1 24 | $153.0M | $630.9K |
股东权益NOTEUSIO
| Q4 25 | $62.0M | $17.9M | ||
| Q3 25 | $75.5M | $18.7M | ||
| Q2 25 | $95.1M | $18.7M | ||
| Q1 25 | $98.7M | $19.0M | ||
| Q4 24 | $97.8M | $19.2M | ||
| Q3 24 | $98.5M | $18.9M | ||
| Q2 24 | $106.9M | $15.7M | ||
| Q1 24 | $106.1M | $15.3M |
总资产NOTEUSIO
| Q4 25 | $255.1M | $134.9M | ||
| Q3 25 | $273.9M | $99.4M | ||
| Q2 25 | $288.3M | $108.4M | ||
| Q1 25 | $299.7M | $109.6M | ||
| Q4 24 | $326.2M | $107.2M | ||
| Q3 24 | $337.9M | $114.6M | ||
| Q2 24 | $346.3M | $108.8M | ||
| Q1 24 | $357.8M | $99.1M |
负债/权益比NOTEUSIO
| Q4 25 | 2.07× | 0.08× | ||
| Q3 25 | 1.74× | 0.04× | ||
| Q2 25 | 1.23× | 0.03× | ||
| Q1 25 | 1.20× | 0.04× | ||
| Q4 24 | 1.50× | 0.04× | ||
| Q3 24 | 1.54× | 0.03× | ||
| Q2 24 | 1.36× | 0.04× | ||
| Q1 24 | 1.44× | 0.04× |
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 | $1.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | $1.1M |
| 自由现金流率自由现金流/营收 | -8.7% | 4.8% |
| 资本支出强度资本支出/营收 | 7.4% | 2.0% |
| 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 | $1.7M |
8季度趋势，按日历期对齐
经营现金流NOTEUSIO
| Q4 25 | $-279.0K | $1.5M | ||
| Q3 25 | $-8.3M | $303.8K | ||
| Q2 25 | $-6.2M | $-263.9K | ||
| Q1 25 | $3.3M | $1.4M | ||
| Q4 24 | $-1.3M | $2.9M | ||
| Q3 24 | $-3.0M | $1.4M | ||
| Q2 24 | $-3.7M | $369.1K | ||
| Q1 24 | $2.7M | $88.7K |
自由现金流NOTEUSIO
| Q4 25 | $-1.9M | $1.1M | ||
| Q3 25 | $-10.4M | $85.2K | ||
| Q2 25 | $-7.7M | $-503.2K | ||
| Q1 25 | $1.3M | $1.1M | ||
| Q4 24 | $-3.4M | $2.7M | ||
| Q3 24 | $-5.4M | $1.4M | ||
| Q2 24 | $-6.5M | $246.3K | ||
| Q1 24 | $1.0M | $-88.1K |
自由现金流率NOTEUSIO
| Q4 25 | -8.7% | 4.8% | ||
| Q3 25 | -46.2% | 0.4% | ||
| Q2 25 | -33.0% | -2.5% | ||
| Q1 25 | 4.7% | 4.8% | ||
| Q4 24 | -11.4% | 13.1% | ||
| Q3 24 | -18.4% | 6.4% | ||
| Q2 24 | -22.1% | 1.2% | ||
| Q1 24 | 3.3% | -0.4% |
资本支出强度NOTEUSIO
| Q4 25 | 7.4% | 2.0% | ||
| Q3 25 | 9.3% | 1.0% | ||
| Q2 25 | 6.4% | 1.2% | ||
| Q1 25 | 7.2% | 1.4% | ||
| Q4 24 | 6.8% | 1.0% | ||
| Q3 24 | 8.3% | 0.3% | ||
| Q2 24 | 9.4% | 0.6% | ||
| Q1 24 | 5.3% | 0.8% |
现金转化率NOTEUSIO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.61× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 4.89× | ||
| 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% |
USIO
| Credit Card Revenue | $7.7M | 35% |
| ACH And Complementary Service Revenue | $6.1M | 28% |
| Output Solutions | $5.4M | 24% |
| Prepaid Card Services Revenue | $2.6M | 12% |
