Forrester Research, Inc. (FORR)

Forrester Research Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	412.1	432.47	480.78	537.79	494.32	448.98
Revenue Growth (YoY)	-9.11%	-10.05%	-10.60%	8.79%	10.10%	-2.75%
Cost of Revenue	175.94	182.53	204.48	223.77	201.82	180.9
Gross Profit	236.17	249.94	276.3	314.01	292.5	268.09
Selling, General & Admin	209.72	218.44	231.05	249.6	229.01	216.57
Operating Expenses	225.35	235.65	251.46	272.03	253.52	246.13
Operating Income	10.82	14.29	24.84	41.99	38.98	21.95
Interest Expense	-2.83	-3.01	-3.06	-2.46	-4.22	-5.34
Currency Exchange Gain (Loss)	-0.37	-0.72	-0.31	-0.39	-1.49	-0.76
Other Non Operating Income (Expenses)	3.99	4.81	2.68	0.62	0.26	0.38
EBT Excluding Unusual Items	11.61	15.37	24.15	39.75	33.53	16.24
Merger & Restructuring Charges	-7.07	-11.77	-13.27	-9.34	-0.33	-5.78
Gain (Loss) on Sale of Investments	-0.21	0.81	0.21	0.31	-	2.47
Gain (Loss) on Sale of Assets	-1.78	-1.78	-	-	-	-
Legal Settlements	-	-	-4.8	-	-	-
Pretax Income	-81.34	2.64	6.29	30.72	33.19	12.93
Income Tax Expense	7.39	8.38	3.24	8.92	8.35	2.94
Net Income	-88.73	-5.75	3.05	21.81	24.84	9.99
Net Income to Common	-88.73	-5.75	3.05	21.81	24.84	9.99
Net Income Growth	-	-	-86.01%	-12.23%	148.69%	-
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change (YoY)	-1.34%	-0.85%	0.45%	-0.96%	2.23%	2.40%
EPS (Basic)	-4.67	-0.30	0.16	1.15	1.30	0.53
EPS (Diluted)	-4.67	-0.30	0.16	1.14	1.28	0.53
EPS Growth	-	-	-86.05%	-10.94%	141.51%	-
Free Cash Flow	19.14	-7.26	16.18	33.76	96.32	38.85
Free Cash Flow Per Share	1.01	-0.38	0.84	1.76	4.98	2.05
Gross Margin	57.31%	57.79%	57.47%	58.39%	59.17%	59.71%
Operating Margin	2.63%	3.30%	5.17%	7.81%	7.89%	4.89%
Profit Margin	-21.53%	-1.33%	0.63%	4.06%	5.03%	2.23%
Free Cash Flow Margin	4.64%	-1.68%	3.36%	6.28%	19.49%	8.65%
EBITDA	22.15	27.2	40.55	59.62	58.9	46.62
EBITDA Margin	5.38%	6.29%	8.43%	11.09%	11.91%	10.38%
D&A For EBITDA	11.33	12.91	15.71	17.63	19.92	24.66
EBIT	10.82	14.29	24.84	41.99	38.98	21.95
EBIT Margin	2.63%	3.30%	5.17%	7.81%	7.89%	4.89%
Effective Tax Rate	-	317.94%	51.47%	29.03%	25.15%	22.76%
Revenue as Reported	412.1	432.47	480.78	537.79	494.32	448.98

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q