Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
FiscalNote Holdings, Inc. is a policy and regulatory intelligence company that provides software, data, and analytics tools designed to help organizations monitor legislation, regulation, geopolitical developments, and public policy risks. The company operates within the government technology, regulatory technology (RegTech), legal information, and policy intelligence industries. Its platforms are used by corporations, trade associations, law firms, nonprofit organizations, and government entities to track policy developments, manage stakeholder engagement, and support strategic decision-making.
The company’s primary revenue drivers are subscription-based software and information services delivered through its policy intelligence platforms and data products. Key offerings include legislative and regulatory tracking, geopolitical risk analysis, advocacy management, and legal and policy research tools. FiscalNote expanded significantly through acquisitions, including CQ Roll Call, Oxford Analytica, and FrontierView, which broadened its reach into legislative intelligence, geopolitical analysis, and global market advisory services. Founded in 2013 by Tim Hwang, Jonathan Chen, and Gerald Yao, the company evolved from an AI-driven legislative tracking startup into a diversified policy and global intelligence platform. FiscalNote became publicly traded through a SPAC merger in 2022 under the ticker NOTE.
Business Operations
FiscalNote organizes its operations around subscription intelligence and workflow products that support policy monitoring and strategic advisory functions. The company generates most of its revenue from recurring SaaS and subscription contracts through platforms such as FiscalNote, CQ Federal, CQ Roll Call, VoterVoice, Oxford Analytica, and FrontierView. These services provide legislative tracking, constituent engagement tools, geopolitical forecasting, and market intelligence. The company also earns revenue from professional services, advertising, and events associated with some of its media and policy brands.
Operations span both domestic and international markets. In the United States, FiscalNote maintains a strong presence among federal government affairs professionals, advocacy organizations, and regulated industries. Internationally, its geopolitical and market intelligence businesses support multinational corporations operating across Europe, Asia-Pacific, Latin America, and the Middle East. The company controls proprietary policy databases, AI-enabled analytics capabilities, and workflow software designed to automate regulatory monitoring and policy analysis. FiscalNote has also maintained partnerships and integrations with enterprise software providers and public-sector data sources to enhance customer workflows and information access.
Strategic Position & Investments
FiscalNote’s strategic direction has focused on expanding recurring subscription revenue, integrating acquired intelligence assets, and using artificial intelligence to improve policy forecasting and workflow automation. Management has emphasized operational efficiency and debt reduction following its post-SPAC restructuring efforts. The company has invested in AI-assisted legislative analysis and automated summarization tools intended to improve productivity for policy professionals and enterprise users.
Major acquisitions have played a central role in FiscalNote’s growth strategy. The acquisitions of CQ Roll Call from The Economist Group, Oxford Analytica, and FrontierView significantly expanded the company’s institutional customer base and international intelligence capabilities. Through these businesses, FiscalNote strengthened its positioning as a consolidated provider of legislative, geopolitical, and regulatory intelligence services. The company has also explored opportunities in generative AI applications for policy analysis and enterprise decision support, although commercialization and long-term competitive impact remain subject to market adoption and execution performance.
Geographic Footprint
FiscalNote is headquartered in Washington, D.C., reflecting its concentration in government affairs and regulatory intelligence markets. The company maintains operations and client coverage across North America, Europe, Asia-Pacific, Latin America, and the Middle East through both direct offices and acquired international advisory businesses. Its customer base includes multinational corporations, trade organizations, and institutions operating in highly regulated sectors such as healthcare, energy, financial services, and technology.
Internationally, the company’s footprint expanded through Oxford Analytica and FrontierView, which brought global analyst networks and advisory capabilities across developed and emerging markets. FiscalNote’s products are used by organizations seeking intelligence on legislative developments, political risk, trade policy, and macroeconomic conditions in multiple jurisdictions. The company’s global positioning is intended to support clients managing cross-border regulatory exposure and geopolitical uncertainty.
Leadership & Governance
FiscalNote was co-founded by Tim Hwang, Jonathan Chen, and Gerald Yao. The company has positioned itself around the idea that AI-driven policy intelligence can improve decision-making for organizations facing increasing regulatory complexity. Leadership communications and public filings have emphasized disciplined cost management, recurring revenue growth, product integration, and expanded use of automation and artificial intelligence across the company’s intelligence platforms.
Key executives include:
- Josh Resnik – Chief Executive Officer and President
- Tim Hwang – Co-Founder and Executive Chair
- Gerald Yao – Co-Founder and Chief Strategy Officer
- Jonathan Chen – Co-Founder and Board Member
- Stephanie Miller – Chief Financial Officer
- Josh Becker – Chief Content Officer
Information regarding executive roles and governance structure has been verified through public company disclosures, including SEC filings, investor presentations, and company leadership announcements. Certain operational metrics and strategic outlook statements may vary across reporting periods due to restructuring activities and portfolio changes.