FM3 RESEARCH
$2.36M
2025-2026 cycle
FM3 RESEARCH is a strategy & research vendor. In the 2025-2026 cycle FM3 RESEARCH was paid $2.36M across 28 client committees, of which $32K flowed through Independent Expenditures rather than direct committee payments.
Part I Identity
Stable facts about this entity. These figures do not change as you adjust the timeframe in Part II.
Source split
$2.36M
=
$2.33M
(Schedule B)
+
$32K
(Independent Expenditures)
| Schedule B direct committee payments |
$2,331,553 | 68 rows | 98.6% |
| Independent Expenditures money this entity spent supporting candidates, NOT a committee paying them |
$32,375 | 2 rows | 1.4% |
- Activity span ALL TIME
- Mar 12, 2018 → Mar 20, 2026
- spans 8.0 years
- Disbursements ALL TIME
- 68
- Schedule B + IE rows
- Client committees ALL TIME
- 28
- distinct payers
Part II Activity in selected window
One timeframe control governs all three panels below. Change it once and the trajectory, top buyers, and party breakdown all update together.
Spend trajectory
Monthly spend to this vendor over the last 12 months.
Apr 2025
Mar 2026
$415K
across 12 months
Top buyers
Two views of the same data — diagram and table share the time-window control and the same top-buyers slice. Click "View all buyers in research" to drill in with the matching date range.
No buyer activity in this window.
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 3 months · top 1
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| AMERICAN FUTURE C00926204 |
$87,500 | 3 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 6 months · top 2
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| AMERICAN FUTURE C00926204 |
$309,294 | 10 |
| ALLIANCE AGAINST CORPORATE ABUSE, SPONSORED BY CONSUMER ATTORNEYS OF CALIFORNIA 1485203 |
$50,000 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 12 months · top 2
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| AMERICAN FUTURE C00926204 |
$309,294 | 10 |
| ALLIANCE AGAINST CORPORATE ABUSE, SPONSORED BY CONSUMER ATTORNEYS OF CALIFORNIA 1485203 |
$50,000 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 18 months · top 5
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| AMERICAN FUTURE C00926204 |
$309,294 | 10 |
| YES ON 26, NO ON 27 - COALITION FOR SAFE, RESPONSIBLE GAMING, SPONSORED BY CALIFORNIA INDIAN TRIBES 1424396 |
$50,750 | 1 |
| ALLIANCE AGAINST CORPORATE ABUSE, SPONSORED BY CONSUMER ATTORNEYS OF CALIFORNIA 1485203 |
$50,000 | 1 |
| AMERICAN FEDERATION OF STATE, COUNTY & MUNICIPAL EMPLOYEES - COUNCIL 57 ISSUES PAC 1338455 |
$5,000 | 1 |
| LEE, BARBARA CA · Senate DEM |
$556 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 24 months · top 7
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| AMERICAN FUTURE C00926204 |
$309,294 | 10 |
| YES ON 26, NO ON 27 - COALITION FOR SAFE, RESPONSIBLE GAMING, SPONSORED BY CALIFORNIA INDIAN TRIBES 1424396 |
$50,750 | 1 |
| ALLIANCE AGAINST CORPORATE ABUSE, SPONSORED BY CONSUMER ATTORNEYS OF CALIFORNIA 1485203 |
$50,000 | 1 |
| CONROY, CARMELA WA · House DEM |
$27,000 | 1 |
| EMILYS LIST C00193433 |
$21,125 | 1 |
| AMERICAN FEDERATION OF STATE, COUNTY & MUNICIPAL EMPLOYEES - COUNCIL 57 ISSUES PAC 1338455 |
$5,000 | 1 |
| LEE, BARBARA CA · Senate DEM |
$556 | 1 |
By party
Revenue by party
D · 100%
R · 0%
| Party | Amount | % |
|---|---|---|
| Democratic | $288,397 | 12.20% |
| Republican | $0 | 0.00% |
| Non-partisan | $2,075,531 | 87.80% |
Part III Reference tables
Full all-time and cycle-to-date data.
Cycle-over-cycle trajectory
current cycle earlier election cycle off-cycle year quarterly · 9 years
Per-quarter totals
| Year | Q | Cycle | Total | Txns | Top buyer · share | Top category · share | Cum. (cycle) | YoY % |
|---|---|---|---|---|---|---|---|---|
| 2018 | Q1 | 2018 | $13K | 2 | CALIFORNIANS FOR JOBS AND A… 61% | Strategy & Research 100% | $13K | — |
| 2018 | Q2 | 2018 | $27K | 2 | GOVERN FOR CALIFORNIA ACTIO… 100% | Strategy & Research 100% | $40K | — |
| 2018 | Q3 | 2018 | $103K | 3 | MOVING TO THE FUTURE PAC 46% | Strategy & Research 100% | $143K | — |
| 2018 | Q4 | 2018 | $49K | 4 | STANTON, GREG 41% | Strategy & Research 100% | $192K | — |
| 2019 | Q3 | 2018 | $96K | 2 | MOVING TO THE FUTURE PAC 100% | Strategy & Research 100% | $288K | — |
| 2019 | Q4 | 2018 | $20K | 1 | MOVING TO THE FUTURE PAC 100% | Strategy & Research 100% | $308K | — |
| 2020 | Q1 | 2020 | $101K | 4 | COMMITTEE FOR CLEAN WATER N… 40% | Strategy & Research 100% | $101K | +690% |
| 2020 | Q2 | 2020 | $5K | 1 | 971911 100% | Strategy & Research 100% | $106K | -82% |
| 2020 | Q3 | 2020 | $135K | 3 | YES ON 26, NO ON 27 - COALI… 49% | Strategy & Research 100% | $241K | +31% |
| 2020 | Q4 | 2020 | $77K | 3 | C00735308 44% | Strategy & Research 100% | $317K | +56% |
| 2021 | Q1 | 2020 | $35K | 1 | LABORERS LOCAL 89 PAC FUND 100% | Strategy & Research 100% | $352K | — |
| 2021 | Q3 | 2020 | $60K | 1 | YES ON 26, NO ON 27 - COALI… 100% | Strategy & Research 100% | $413K | -37% |
| 2022 | Q1 | 2022 | $155K | 3 | YES ON 26, NO ON 27 - COALI… 82% | Strategy & Research 100% | $155K | +54% |
| 2022 | Q2 | 2022 | $93K | 2 | YES ON 26, NO ON 27 - COALI… 67% | Strategy & Research 100% | $248K | +1760% |
| 2022 | Q3 | 2022 | $169K | 3 | YES ON 26, NO ON 27 - COALI… 100% | Strategy & Research 100% | $417K | +25% |
| 2022 | Q4 | 2022 | $440K | 9 | YES ON 26, NO ON 27 - COALI… 69% | Strategy & Research 100% | $857K | +474% |
| 2023 | Q2 | 2022 | $554 | 1 | YES ON 26, NO ON 27 - COALI… 100% | Strategy & Research 100% | $858K | — |
| 2023 | Q3 | 2022 | $50K | 1 | YIU FOR STATE SENATE 2024; … 100% | Strategy & Research 100% | $908K | -17% |
| 2023 | Q3 | 2024 | $68K | 1 | LEE, BARBARA 100% | Strategy & Research 100% | $68K | — |
| 2023 | Q4 | 2022 | $1K | 1 | 840819 100% | Strategy & Research 100% | $909K | — |
| 2024 | Q1 | 2024 | $41K | 1 | YIU FOR STATE SENATE 2024; … 100% | Strategy & Research 100% | $109K | -74% |
| 2024 | Q2 | 2024 | $129K | 3 | YES ON 26, NO ON 27 - COALI… 99% | Strategy & Research 100% | $238K | +39% |
| 2024 | Q3 | 2024 | $21K | 1 | EMILYS LIST 100% | Strategy & Research 100% | $259K | -87% |
| 2024 | Q4 | 2024 | $27K | 1 | CONROY, CARMELA 100% | Strategy & Research 100% | $286K | -94% |
| 2025 | Q1 | 2026 | $556 | 1 | LEE, BARBARA 100% | Strategy & Research 100% | $556 | — |
| 2025 | Q2 | 2024 | $56K | 2 | YES ON 26, NO ON 27 - COALI… 91% | Strategy & Research 100% | $342K | +9958% |
| 2025 | Q4 | 2024 | $50K | 1 | ALLIANCE AGAINST CORPORATE … 100% | Strategy & Research 100% | $392K | +4900% |
| 2026 | Q1 | 2026 | $309K | 10 | AMERICAN FUTURE 100% | Strategy & Research 100% | $310K | +659% |
Revenue by service category
No category revenue in this window.
Per-category breakdown · cycle-to-date
| Category | Total spend | Txns | Avg check | % of total | Top buyer · share | Last paid |
|---|---|---|---|---|---|---|
| Strategy & Research | $2,331,553 | 68 | $34K | 100.0% | YES ON 26, NO ON 27 - COALI… 41% | 2mo ago |
Client retention
Sticky-relationship signal: how many clients keep coming back across cycles vs one-time buyers.
2
Anchor clients 3+ cycles
$1,030,542 · 44% of revenue
2
Repeat clients 2 cycles
$160,306 · 7% of revenue
24
One-time clients 1 cycle
$1,140,706 · 49% of revenue
Top 2 anchor clients · all-time
| Client | Cycles | All-time spend | Txns | First paid | Last paid |
|---|---|---|---|---|---|
| YES ON 26, NO ON 27 - COALITION FOR SAFE, RESPONSIBLE GAMING, SPONSORED BY CALIFORNIA INDIAN TRIBES | 3 | $966,417 | 18 | 2020-07-15 | 2025-06-13 |
| EMILYS LIST | 3 | $64,125 | 3 | 2018-11-01 | 2024-09-13 |
Geographic concentration
Where this vendor's clients are based — federal committees by state, plus implicit jurisdiction for CA and TX state filers.
| State | Total spend | % of revenue | Clients | |
|---|---|---|---|---|
| CA | $1,454,867 | 62.4% | 17 | |
| TX | $609,294 | 26.1% | 4 | |
| Unknown | $109,250 | 4.7% | 3 | |
| DC | $78,500 | 3.4% | 2 | |
| AZ | $52,641 | 2.3% | 1 | |
| WA | $27,000 | 1.2% | 1 |
Notable disbursements
5 largest all-time · 5 largest in the current cycle · 5 most recent. Each row earns its place.
| Reason | Date | Filer | Category | Purpose | Amount |
|---|---|---|---|---|---|
| Largest all-time | 2022-10-14 | YES ON 26, NO ON 27 - COALITION FOR SAFE, RESPONSIBLE GAMING, SPONSORED BY CALIFORNIA INDIAN TRIBES | Strategy & Research | — | $99,000 |
| Largest all-time | 2022-09-02 | YES ON 26, NO ON 27 - COALITION FOR SAFE, RESPONSIBLE GAMING, SPONSORED BY CALIFORNIA INDIAN TRIBES | Strategy & Research | — | $80,300 |
| Largest all-time | 2024-04-11 | YES ON 26, NO ON 27 - COALITION FOR SAFE, RESPONSIBLE GAMING, SPONSORED BY CALIFORNIA INDIAN TRIBES | Strategy & Research | — | $69,913 |
| Largest all-time | 2023-08-24 | LEE, BARBARA | Strategy & Research | POLLING | $68,000 |
| Largest all-time | 2020-07-15 | YES ON 26, NO ON 27 - COALITION FOR SAFE, RESPONSIBLE GAMING, SPONSORED BY CALIFORNIA INDIAN TRIBES | Strategy & Research | — | $66,000 |
| Largest this cycle | 2026-01-09 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $44,750 |
| Largest this cycle | 2026-02-13 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $39,189 |
| Largest this cycle | 2026-03-20 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $35,000 |
| Largest this cycle | 2026-03-06 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $30,755 |
| Largest this cycle | 2026-03-06 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $30,000 |
| Recent | 2026-03-20 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $27,500 |
| Recent | 2026-03-06 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $25,600 |
| Recent | 2026-03-06 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $25,500 |
| Recent | 2026-03-17 | AMERICAN FUTURE | Strategy & Research | RESEARCH SERVICES | $25,000 |