Forrester Research IncFORR
Price$11.61

Financial Snapshot

Revenue, profitability, returns, debt, and capital allocation

Revenue $381M-11.9% YoYTTM through 30 Jun 2026
Net Income -$42.6MTTM through 30 Jun 2026
Free Cash Flow $3MTTM through 30 Jun 2026

Margins

Current
Gross Margin57.0%
EBITDA Margin-8.8%
Operating Margin-28.5%
Net Margin-11.2%

Returns

-94.4%ROE
-29.6%ROA

Balance Sheet Health

Debt / Equity0.28x
Current Ratio1.06x
Net Debt-$46.5Mnet cash position
Cash & Equivalents$59.5M

Quality Metrics

Altman Z-Score1.18
Piotroski F-Score4 / 9
FCF Margin0.8%
Earnings-Beat Rate50.0%

Multi-Year Trend

Revenue
'19'20'21'22'23'24'25
FY2025: $396.9M
Diluted EPS-$2.23TTM
'19'20'21'22'23'24'25
FY2025: $-6.28

Dividend

$0.80Per share, FY20180.00%Yield2 yrsStreak

Capital Allocation

Capex Intensity5.2%

Segment Performance

SegmentRevenueYoYOutlook
Research$297.7M-6.0%
View details

Restructuring to focus on CV growth and accelerating the integration of AI across the product portfolio.

Consulting$87.3M-9.0%
View details

Forrester plans to sunset strategy consulting, expecting consulting revenue to drop in the low-20% range in 2026.

Events$11.9M-29.0%
View details

Events are designed to drive CV growth and improve client retention.

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AI-assisted, source-linked narrative; figures from company filings (SEC EDGAR) and market data. Dates shown per section. Not investment advice. Terms of Use.