Forrester Research, Inc. (FORR)
NASDAQ: FORR · Real-Time Price · USD
8.83
+0.13 (1.49%)
Nov 6, 2026, 4:00 PM EST - Market closed

Forrester Research Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
372.85396.89432.47480.78537.79494.32
Revenue Growth
-7.68%-8.23%-10.05%-10.60%8.79%10.10%
Gross Profit
212.27226.17249.94276.3314.01292.5
Operating Income
1.289.2614.2924.8441.9938.98
Net Income
-44.87-119.36-5.753.0521.8124.84
Earnings Per Share
-2.35-6.28-0.300.161.141.28
EPS Growth
----86.05%-10.94%141.51%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Research
285.35295.61316.74334.4354.45325.34
Consulting
75.1688.1997.25118.23152.59156.11
Events
12.3513.0918.4828.1630.7512.86
Revenue (Total)
372.85396.89432.47480.78537.79494.32

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
131.43128.26105.27124.49123.32134.28
Total Debt
63.9971.972.5786.85114.38153.32
Net Cash (Debt)
67.4456.3632.737.648.93-19.05
Net Cash Growth
16.96%72.35%-13.11%321.26%--
Net Cash Per Share
3.532.961.711.950.47-0.98

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-21.08-3.8621.6739.43107.07
Capital Expenditures
--2.99-3.4-5.5-5.66-10.75
Free Cash Flow
-18.09-7.2616.1833.7696.32
Free Cash Flow Growth
----52.08%-64.95%147.94%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
56.93%56.99%57.79%57.47%58.39%59.17%
Operating Margin
0.34%2.33%3.30%5.17%7.81%7.89%
Pretax Margin
-13.38%-30.09%0.61%1.31%5.71%6.71%
Profit Margin
-12.03%-30.07%-1.33%0.63%4.06%5.03%
FCF Margin
-4.56%-1.68%3.36%6.28%19.49%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
---169.1131.2445.32
Forward PE
10.216.149.7417.6416.6128.63
P/FCF Ratio
55.438.53-31.8820.1811.69
PS Ratio
0.450.390.691.071.272.28