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Forrester Research (FORR)

Nasdaq Market Closed

Forrester Research Inc. is an independent research and advisory company that helps business and technology leaders make strategic decisions. The firm is best known for its research on technology markets, customer experience, digital transformation, marketing, sales, and business strategy. Its clients typically include corporate executives, technology vendors, and professionals who rely on external analysis to evaluate trends, benchmark performance, and plan investments.

The company operates through three main areas: Research, Consulting, and Events. The Research business develops and delivers subscription-based research, data, advisory access, and analytics products. This segment is central to Forrester’s model because it gives clients ongoing access to reports, frameworks, market evaluations, and analyst expertise. Forrester’s research is often used to compare vendors, understand emerging technologies, and guide enterprise purchasing decisions.

The Consulting segment provides project-based advisory work for clients that need more tailored support. These engagements can involve strategy development, customer experience improvement, market assessment, or technology planning. Consulting extends the company’s research capabilities into client-specific applications and can deepen relationships with enterprise customers.

The Events segment organizes in-person and virtual conferences that bring together Forrester analysts, industry executives, and technology providers. These events support the company’s brand, create networking opportunities, and provide another channel for delivering research insights.

Forrester competes in the broader market for business intelligence, technology research, and management advisory services. Its value depends on the credibility of its analysts, the relevance of its data, and its ability to interpret fast-changing technology and business trends for decision-makers.

11.50 USD
+1.76 (+18.07%)

Last updated

Market Cap
$223,238,000
P/E
P/FCF
19.58
P/S
0.57
Enterprise Value
$184,335,000
Sector
Industry
Address
60 ACORN PARK DRIVE, CAMBRIDGE, MA, 02140
Market Cap
$223,238,000
Enterprise Value
$184,335,000
P/E
P/B
2.1
P/S
0.57
EV / EBITDA
9.06
EV / Sales
0.47
EPS
-2.78
Dividend Yield
0%
P/FCF
19.58
P/CF
11.2
Free Cash Flow
$11,399,000
ROE
-50.84%
ROA
-13.18%
Debt / Equity
0.33
Current Ratio
0.92
Quick Ratio
0.92
Cash
0.31
Avg Volume
$189,965
Fundamentals Snapshot Price
11.5

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 85.45M 101.06M 94.3M 111.66M 89.88M
Cost of revenue 38.63M 43.75M 37.71M 49.65M 39.6M
Gross profit 46.82M 57.31M 56.58M 62.01M 50.28M
Operating income -18.63M -37M 4.46M 6.96M -88.5M
EBITDA -2.16M 3.1M 8.1M 11.32M 598K
Net income -21.83M -33.88M -2.13M 3.91M -87.27M
Income taxes 3.1M -2.66M 437K 3.2M -1.03M
Interest expense -654K -684K -675K
Other operating expenses 12.95M 36.65M -111K 491K 86.31M
Total operating expenses 65.45M 94.3M 52.13M 55.05M 138.78M
Basic EPS -1.14 -1.79 -0.11 0.21 -4.62
Diluted EPS -1.14 -1.79 -0.11 0.2 -4.62

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 409.07M 404.03M 414.18M 436.04M 439.81M
Total liabilities 303.02M 277.51M 256.51M 276.5M 292.37M
Total equity 106.05M 126.53M 157.67M 159.54M 147.43M
Cash & equivalents 73.9M 63.34M 65.12M 67.77M 75.59M
Current assets 218.37M 212.69M 193.64M 214.2M 218.5M
Current liabilities 237.89M 240.06M 182.1M 197.23M 223.69M
Accounts payable 1.08M 832K 1.82M 1.8M 422K
Receivables 40.9M 50.85M 33.59M 40.24M 43.25M
Goodwill 109.12M 120.38M 147.2M 147.38M 145.27M
Long-term debt 35M 35M 35M 35M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 25.58M -3.21M 1.2M -3.63M 26.72M
Investing cash flow -14.07M 1.64M -956K -6.28M -8.47M
Financing cash flow 148K -195K -2.12M -485K 235K
Change in cash 10.53M -1.79M -2.69M -7.7M 19.57M
Net income -21.83M -33.88M -2.13M 3.91M -87.27M
Kind Filing Date Link
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edgar index 4 — FORRESTER RESEARCH, INC. View Filing
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edgar index 4 — FORRESTER RESEARCH, INC. View Filing
edgar index 8-K — FORRESTER RESEARCH, INC. View Filing
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edgar index 8-K — FORRESTER RESEARCH, INC. View Filing
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edgar index 4 — FORRESTER RESEARCH, INC. View Filing
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edgar index 4 — FORRESTER RESEARCH, INC. View Filing
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form 4 Form 4 — Gonsalves Jobina View Filing
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form 4 Form 4 — Gonsalves Jobina View Filing
form 4 Form 4 — Gonsalves Jobina View Filing
form 4 Form 4 — Cox Andrew View Filing
form 4 Form 4 — Cox Andrew View Filing