Forrester Research Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	65.12	56.09	72.91	103.63	115.77	90.26
Short-Term Investments	66.83	48.58	51.58	19.69	18.51	-
Cash & Short-Term Investments	131.95	104.67	124.49	123.32	134.28	90.26
Cash Growth	14.81%	-15.92%	0.95%	-8.16%	48.77%	32.92%
Accounts Receivable	33.59	55.49	59	73.35	86.97	84.7
Other Current Assets	28.1	41.21	32.51	38.63	48.25	42.21
Total Current Assets	193.64	201.36	216	235.29	269.49	217.16
Net Property, Plant & Equipment	41.59	38.75	59.12	73.18	93.25	96.33
Other Intangible Assets	20.82	27.48	37.64	49.5	62.73	78
Goodwill	147.2	227.96	244.26	242.15	244.99	247.21
Other Long-Term Assets	10.94	8.32	7.16	8.32	9.66	5.52
Total Assets	414.18	503.86	564.17	608.44	680.13	644.22
Accounts Payable	1.82	0.97	1.8	0.36	0.84	0.66
Accrued Expenses	39.03	57.6	81.48	91.01	97.8	76.62
Current Portion of Long-Term Debt	-	-	-	-	-	12.5
Unearned Revenue	141.25	145.4	156.8	178.02	213.7	179.97
Total Current Liabilities	182.1	203.97	240.08	269.39	312.34	269.75
Long-Term Debt	35	35	35	50	75	95.3
Long-Term Leases	31.79	24.81	37.67	50.75	65.04	70.32
Other Long-Term Liabilities	7.61	10.55	11.16	16.64	23.85	23.09
Total Long-Term Liabilities	74.41	70.35	83.83	117.39	163.89	188.71
Total Liabilities	256.51	274.33	323.91	386.78	476.22	458.45
Common Stock	0.26	0.25	0.25	0.24	0.24	-
Treasury Stock	-229.62	-227.12	-211.15	-207.07	-191.96	-171.89
Additional Paid-in Capital	301.76	292.22	278.06	261.77	245.99	230.13
Accumulated Other Comprehensive Income	-1.17	-7.75	-4.57	-7.92	-3.19	-0.69
Retained Earnings	86.45	171.93	177.68	174.63	152.83	127.98
Shareholders' Equity	157.67	229.54	240.27	221.66	203.91	185.77
Total Liabilities & Equity	414.18	503.86	564.17	608.44	680.13	644.22
Total Debt	66.79	59.81	72.67	100.75	140.04	178.12
Net Cash (Debt)	65.16	44.86	51.82	22.57	-5.76	-87.87
Net Cash Growth	45.25%	-13.42%	129.62%	-	-	-
Net Cash Per Share	3.42	2.35	2.69	1.18	-0.30	-4.64
Book Value	157.67	229.54	240.27	221.66	203.91	185.77
Book Value Per Share	8.29	12.02	12.48	11.56	10.53	9.81
Tangible Book Value	-10.35	-25.9	-41.63	-70	-103.82	-139.44
Tangible Book Value Per Share	-0.54	-1.36	-2.16	-3.65	-5.36	-7.36

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q