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 Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -119.36 | -5.75 | 3.05 | 21.81 | 24.84 |
Depreciation & Amortization | 11.57 | 12.91 | 15.71 | 17.63 | 31.33 |
Other Amortization | 3.2 | 4.3 | 4.7 | 4.8 | 5.52 |
Loss (Gain) From Sale of Assets | - | 1.78 | - | - | - |
Asset Writedown & Restructuring Costs | 110.77 | 5.57 | 3.33 | 6.3 | - |
Loss (Gain) From Sale of Investments | - | - | - | - | 0.07 |
Stock-Based Compensation | 12.26 | 14.34 | 15.49 | 14.54 | 10.07 |
Other Operating Activities | 10.97 | 8.49 | 3.79 | 3.23 | 1.16 |
Change in Accounts Receivable | 4.85 | -0.01 | 14.72 | 12.84 | -3.9 |
Change in Accounts Payable | -0.14 | -0.81 | 1.43 | -0.46 | 0.2 |
Change in Unearned Revenue | -6.25 | -9.11 | -23.28 | -31.66 | 36.01 |
Change in Other Net Operating Assets | -6.78 | -35.57 | -17.25 | -9.6 | 1.76 |
Operating Cash Flow | 21.08 | -3.86 | 21.67 | 39.43 | 107.07 |
Operating Cash Flow Growth | - | - | -45.03% | -63.18% | 124.21% |
Investing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -2.99 | -3.4 | -5.5 | -5.66 | -10.75 |
Divestitures | - | 6 | - | - | - |
Investment in Securities | -12.72 | 2.48 | -31.28 | -1.35 | -18.61 |
Other Investing Activities | 1.64 | -0.06 | 0.01 | 0.2 | 0.06 |
Investing Cash Flow | -14.07 | 5.02 | -36.76 | -6.81 | -29.3 |
Financing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Repaid | - | - | -15 | -25 | -34.38 |
Net Debt Issued (Repaid) | - | - | -15 | -25 | -34.38 |
Issuance of Common Stock | 1.27 | 2.43 | 3.49 | 4.35 | 9.17 |
Repurchase of Common Stock | -3.83 | -18.53 | -6.76 | -18.22 | -23.44 |
Other Financing Activities | - | - | -0.03 | - | -0.49 |
Financing Cash Flow | -2.57 | -16.1 | -18.3 | -38.87 | -49.14 |
Net Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 2.96 | -1.91 | 2.77 | -6.12 | -1.25 |
Net Cash Flow | 7.4 | -16.86 | -30.61 | -12.38 | 27.38 |
Free Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 18.09 | -7.26 | 16.18 | 33.76 | 96.32 |
Free Cash Flow Growth | - | - | -52.08% | -64.95% | 147.94% |
Free Cash Flow Margin | 4.56% | -1.68% | 3.36% | 6.28% | 19.49% |
Free Cash Flow Per Share | 0.95 | -0.38 | 0.84 | 1.76 | 4.98 |
Levered Free Cash Flow | 46.28 | -4.07 | 34.61 | 35.67 | 103.66 |
Unlevered Free Cash Flow | 47.96 | -2.18 | 36.52 | 37.2 | 105.38 |
Additional Metrics
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 2.24 | 2.56 | 2.6 | 2.02 | 3.28 |
Cash Income Tax Paid | 7.23 | 9.28 | 10.64 | 8.9 | 9.82 |
Change in Working Capital | -8.32 | -45.5 | -24.39 | -28.88 | 34.07 |