Forrester Research, Inc. (FORR)
NASDAQ: FORR · Real-Time Price · USD
12.65
+0.17 (1.36%)
Sep 4, 2026, 4:00 PM EDT - Market closed

Forrester Research Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
381.04396.89432.47480.78537.79494.32
Revenue Growth
-7.54%-8.23%-10.05%-10.60%8.79%10.10%
Gross Profit
217.23226.17249.94276.3314.01292.5
Operating Income
3.789.2614.2924.8441.9938.98
Net Income
-42.57-119.36-5.753.0521.8124.84
Earnings Per Share
-2.23-6.28-0.300.161.141.28
EPS Growth
----86.05%-10.94%141.51%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Research
287.87295.61316.74334.4354.45325.34
Consulting
81.8988.1997.25118.23152.59156.11
Events
11.2913.0918.4828.1630.7512.86
Revenue (Total)
381.04396.89432.47480.78537.79494.32

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '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
15.83%72.35%-13.11%321.26%--
Net Cash Per Share
3.522.961.711.950.47-0.98

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
23.0121.08-3.8621.6739.43107.07
Capital Expenditures
-19.98-2.99-3.4-5.5-5.66-10.75
Free Cash Flow
3.0318.09-7.2616.1833.7696.32
Free Cash Flow Growth
-84.15%---52.08%-64.95%147.94%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
57.01%56.99%57.79%57.47%58.39%59.17%
Operating Margin
0.99%2.33%3.30%5.17%7.81%7.89%
Pretax Margin
-14.18%-30.09%0.61%1.31%5.71%6.71%
Profit Margin
-11.17%-30.07%-1.33%0.63%4.06%5.03%
FCF Margin
0.80%4.56%-1.68%3.36%6.28%19.49%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
---169.1131.2445.32
Forward PE
16.436.149.7417.6416.6128.63
P/FCF Ratio
79.418.53-31.8820.1811.69
PS Ratio
0.630.390.691.071.272.28