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FORR

Forrester Research, Inc.

Price Chart
Latest Quote

$7.29

+0.17 (+2.46%)
Current Price
Previous Close $7.11
Open $7.15
Day High $7.29
Day Low $6.74
Volume 3,183
Fetched: 2026-06-23T13:35:29
Stock Information
Shares Outstanding 19.41M
Total Debt $62.34M
Cash Equivalents $146.07M
Revenue $392.47M
Net Income $-53.91M
Sector Industrials
Industry Consulting Services
Market Cap $141.42M
EPS (TTM) $-2.80
Exchange NMS
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📊 Comprehensive Analysis
Company Data
Enterprise Value$54.29M
Sales$392.47M
Income$-53.91M
Book/sh$5.53
Cash/sh$7.52
Employees1K
Financial Ratios
Quick Ratio0.79
Current Ratio0.92
Debt/Eq58.78
Returns & Margins
ROA0.85%
ROE-42.54%
Gross Margin56.75%
Operating Margin-6.65%
Profit Margin-13.74%
Ownership
Insider Ownership39.80%
Institutional Ownership62.33%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E8.05
PEG0.81
P/S0.36
P/B1.32
Analyst Data
Recommendationnone
Target Price$6.00
Technical Indicators
SMA20$6.92
SMA50$6.55
SMA200$7.36
RSI55.61
ATR0.4032
Shares Float10.10M
Short Float26.63%
Short Ratio15.80
Volatility1.02
Rel Volume0.04
Performance History
Week+8.41%
Month+4.52%
Quarter+21.82%
6 Months-1.02%
YTD-10.61%
Year-23.72%
3 Years-75.50%
5 Years-82.47%
10 Years-79.95%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-23 $7.28 3,183
2026-06-22 $7.11 96,600
2026-06-18 $6.70 179,000
2026-06-17 $6.67 147,100
2026-06-16 $6.88 60,700
2026-06-15 $6.72 109,200
2026-06-12 $6.99 58,900
2026-06-11 $6.79 45,400
2026-06-10 $6.73 82,000
2026-06-09 $6.84 83,100
2026-06-08 $6.83 58,900
2026-06-05 $7.00 44,600
2026-06-04 $7.08 69,100
2026-06-03 $6.91 53,800
2026-06-02 $7.04 44,300
2026-06-01 $7.22 53,300
2026-05-29 $7.05 71,300
2026-05-28 $6.97 71,100
2026-05-27 $6.93 130,100
2026-05-26 $6.69 78,400
About Forrester Research, Inc.

Forrester Research, Inc. operates as an independent research and advisory company in the United States, Europe, the United Kingdom, Canada, Asia Pacific, and internationally. It operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions which are designed to provide business and technology leaders with a proven path to growth through customer obsession. This segment delivers content, such as future trends, predictions, and market forecasts; deep consumer and business buyer data and insights; curated best practice models and tools to run business functions; operational and performance benchmarking data; and technology and service market landscapes and vendor evaluations. Its Consulting segment provides consulting projects, content marketing, and advisory services. The Events segment hosts events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, and new technology and innovation. It sells its products and services through direct sales force. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $164,037,000 $169,560,000 $192,826,000 $209,262,000
Cost Of Revenue $170,717,000 $182,534,000 $204,484,000 $223,773,000
Total Revenue $396,888,000 $432,470,000 $480,779,000 $537,787,000
Operating Revenue $396,888,000 $432,470,000 $480,779,000 $537,787,000
Expenses
Interest Expense $2,680,000 $3,011,000 $3,060,000 $2,461,000
Total Expenses $394,940,000 $418,182,000 $460,741,000 $495,798,000
Other Income Expense $-118,677,000 $-8,640,000 $-10,693,000 $-8,804,000
Other Non Operating Income Expenses $3,752,000 $4,094,000 $2,371,000 $222,000
Net Non Operating Interest Income Expense $-2,680,000 $-3,011,000 $-3,060,000 $-2,461,000
Interest Expense Non Operating $2,680,000 $3,011,000 $3,060,000 $2,461,000
Operating Expense $224,223,000 $235,648,000 $256,257,000 $272,025,000
Selling And Marketing Expense $149,479,000 $159,621,000 $167,352,000 $181,940,000
General And Administrative Expense $52,664,000 $58,818,000 $68,497,000 $67,655,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-119,360,000 $-5,747,000 $3,050,000 $21,806,000
Net Interest Income $-2,680,000 $-3,011,000 $-3,060,000 $-2,461,000
Normalized Income $3,018,761 $4,312,860 $13,370,560 $28,212,098
Net Income From Continuing And Discontinued Operation $-119,360,000 $-5,747,000 $3,050,000 $21,806,000
Total Operating Income As Reported $-113,173,000 $740,000 $6,766,000 $32,654,000
Net Income Common Stockholders $-119,360,000 $-5,747,000 $3,050,000 $21,806,000
Net Income $-119,360,000 $-5,747,000 $3,050,000 $21,806,000
Net Income Including Noncontrolling Interests $-119,360,000 $-5,747,000 $3,050,000 $21,806,000
Net Income Continuous Operations $-119,360,000 $-5,747,000 $3,050,000 $21,806,000
Pretax Income $-119,409,000 $2,637,000 $6,285,000 $30,724,000
Special Income Charges $-122,431,000 $-13,548,000 $-13,272,000 $-9,335,000
Operating Income $1,948,000 $14,288,000 $20,038,000 $41,989,000
Depreciation Amortization Depletion Income Statement $14,770,000 $17,209,000 $20,408,000 $22,430,000
Depreciation And Amortization In Income Statement $14,770,000 $17,209,000 $20,408,000 $22,430,000
Amortization Of Intangibles Income Statement $8,745,000 $9,648,000 $11,956,000 $13,161,000
Depreciation Income Statement $6,025,000 $7,561,000 $8,452,000 $9,269,000
Gross Profit $226,171,000 $249,936,000 $276,295,000 $314,014,000
Earnings From Equity Interest - $814,000 $208,000 $309,000
Per Share
Diluted EPS $-6.28 $-0.30 $0.16 $1.14
Basic EPS $-6.28 $-0.30 $0.16 $1.15
Other
Tax Effect Of Unusual Items $-50,239 $-2,674,140 $-2,743,440 $-2,619,902
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $27,150,000 $48,565,000 $54,475,000 $79,152,000
Total Unusual Items $-122,429,000 $-12,734,000 $-13,064,000 $-9,026,000
Total Unusual Items Excluding Goodwill $-122,429,000 $-12,734,000 $-13,064,000 $-9,026,000
Reconciled Depreciation $21,450,000 $30,183,000 $32,066,000 $36,941,000
EBITDA (Bullshit earnings) $-95,279,000 $35,831,000 $41,411,000 $70,126,000
EBIT $-116,729,000 $5,648,000 $9,345,000 $33,185,000
Diluted Average Shares $19,017,000 $19,094,000 $19,258,000 $19,172,000
Basic Average Shares $19,017,000 $19,094,000 $19,183,000 $18,967,000
Diluted NI Availto Com Stockholders $-119,360,000 $-5,747,000 $3,050,000 $21,806,000
Tax Provision $-49,000 $8,384,000 $3,235,000 $8,918,000
Gain On Sale Of Business $0 $-1,775,000 $0 $0
Write Off $7,310,000 $0 $0 -
Impairment Of Capital Assets $110,707,000 $0 $0 -
Restructuring And Mergern Acquisition $11,724,000 $11,773,000 $13,272,000 $9,335,000
Gain On Sale Of Security $2,000 $814,000 $208,000 $309,000
Provision For Doubtful Accounts $7,310,000 $0 $0 -
Amortization $8,745,000 $9,648,000 $11,956,000 $13,161,000
Selling General And Administration $202,143,000 $218,439,000 $235,849,000 $249,595,000
Other Gand A $52,664,000 $58,818,000 $68,497,000 $67,655,000
Fetched: 2026-06-23
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $-12,586,000 $-25,897,000 $-41,629,000 $-69,997,000
Total Assets $404,034,000 $503,862,000 $564,174,000 $608,438,000
Total Non Current Assets $191,349,000 $302,498,000 $348,174,000 $373,148,000
Other Non Current Assets $10,359,000 $8,316,000 $7,157,000 $8,317,000
Goodwill And Other Intangible Assets $139,111,000 $255,434,000 $281,894,000 $291,653,000
Other Intangible Assets $18,730,000 $27,475,000 $37,637,000 $49,504,000
Current Assets $212,685,000 $201,364,000 $216,000,000 $235,290,000
Other Current Assets $12,119,000 $18,263,000 $9,305,000 $14,069,000
Current Deferred Assets $22,060,000 $22,942,000 $23,207,000 $24,559,000
Receivables $50,850,000 $55,490,000 $58,999,000 $73,345,000
Accounts Receivable $50,850,000 $55,490,000 $58,999,000 $73,345,000
Allowance For Doubtful Accounts Receivable $-360,000 $-434,000 $-574,000 $-560,000
Gross Accounts Receivable $51,210,000 $55,924,000 $59,573,000 $73,905,000
Cash Cash Equivalents And Short Term Investments $127,656,000 $104,669,000 $124,489,000 $123,317,000
Cash And Cash Equivalents $63,335,000 $56,087,000 $72,909,000 $103,629,000
Prepaid Assets - - - -
Debt
Total Debt $71,895,000 $72,567,000 $86,854,000 $114,383,000
Long Term Debt And Capital Lease Obligation $29,512,000 $59,809,000 $72,673,000 $100,751,000
Current Debt And Capital Lease Obligation $42,383,000 $12,758,000 $14,181,000 $13,632,000
Current Debt $35,000,000 - - -
Other Current Borrowings $35,000,000 - - -
Long Term Debt - $35,000,000 $35,000,000 $50,000,000
Liabilities
Total Liabilities Net Minority Interest $277,509,000 $274,325,000 $323,909,000 $386,782,000
Total Non Current Liabilities Net Minority Interest $37,447,000 $70,354,000 $83,833,000 $117,393,000
Other Non Current Liabilities $2,053,000 $1,840,000 $2,481,000 $2,509,000
Non Current Deferred Liabilities $5,882,000 $8,705,000 $8,679,000 $14,133,000
Non Current Deferred Taxes Liabilities $5,882,000 $8,705,000 $8,679,000 $14,133,000
Current Liabilities $240,062,000 $203,971,000 $240,076,000 $269,389,000
Other Current Liabilities $15,580,000 $11,823,000 $19,195,000 $17,971,000
Current Deferred Liabilities $141,812,000 $145,404,000 $156,798,000 $178,021,000
Payables And Accrued Expenses $40,287,000 $33,986,000 $49,902,000 $59,765,000
Payables $4,132,000 $3,107,000 $6,476,000 $6,184,000
Total Tax Payable $3,300,000 $2,142,000 $4,680,000 $5,823,000
Accounts Payable $832,000 $965,000 $1,796,000 $361,000
Equity
Common Stock Equity $126,525,000 $229,537,000 $240,265,000 $221,656,000
Total Equity Gross Minority Interest $126,525,000 $229,537,000 $240,265,000 $221,656,000
Stockholders Equity $126,525,000 $229,537,000 $240,265,000 $221,656,000
Gains Losses Not Affecting Retained Earnings $-1,093,000 $-7,746,000 $-4,571,000 $-7,918,000
Other Equity Adjustments $-1,093,000 $-7,746,000 $-4,571,000 $-7,918,000
Retained Earnings $52,574,000 $171,934,000 $177,681,000 $174,631,000
Other
Treasury Shares Number $6,522,000 $6,282,000 $5,437,000 $5,305,000
Ordinary Shares Number $19,013,000 $18,838,000 $19,248,000 $19,062,000
Share Issued $25,535,000 $25,120,000 $24,685,000 $24,367,000
Tangible Book Value $-12,586,000 $-25,897,000 $-41,629,000 $-69,997,000
Invested Capital $161,525,000 $264,537,000 $275,265,000 $271,656,000
Working Capital $-27,377,000 $-2,607,000 $-24,076,000 $-34,099,000
Capital Lease Obligations $36,895,000 $37,567,000 $51,854,000 $64,383,000
Total Capitalization $126,525,000 $264,537,000 $275,265,000 $271,656,000
Treasury Stock $229,615,000 $227,119,000 $211,149,000 $207,067,000
Additional Paid In Capital $304,404,000 $292,217,000 $278,057,000 $261,766,000
Capital Stock $255,000 $251,000 $247,000 $244,000
Common Stock $255,000 $251,000 $247,000 $244,000
Preferred Stock $0 $0 $0 $0
Long Term Capital Lease Obligation $29,512,000 $24,809,000 $37,673,000 $50,751,000
Current Deferred Revenue $141,812,000 $145,404,000 $156,798,000 $178,021,000
Current Capital Lease Obligation $7,383,000 $12,758,000 $14,181,000 $13,632,000
Current Accrued Expenses $36,155,000 $30,879,000 $43,426,000 $53,581,000
Goodwill $120,381,000 $227,959,000 $244,257,000 $242,149,000
Net PPE $41,879,000 $38,748,000 $59,123,000 $73,178,000
Accumulated Depreciation $-56,891,000 $-61,852,000 $-64,062,000 $-66,028,000
Gross PPE $98,770,000 $100,600,000 $123,185,000 $139,206,000
Leases $24,004,000 $25,423,000 $29,506,000 $30,285,000
Other Properties $30,662,000 $27,049,000 $39,722,000 $49,970,000
Machinery Furniture Equipment $44,104,000 $48,128,000 $53,957,000 $58,951,000
Properties $0 $0 $0 $0
Other Short Term Investments $64,321,000 $48,582,000 $51,580,000 $19,688,000
Fetched: 2026-06-23
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $18,094,000 $-7,261,000 $16,178,000 $33,762,000
Operating Activities
Operating Cash Flow $21,081,000 $-3,861,000 $21,673,000 $39,425,000
Cash Flow From Continuing Operating Activities $21,081,000 $-3,861,000 $21,673,000 $39,425,000
Operating Gains Losses $7,310,000 $1,775,000 $46,000 $-70,000
Investing Activities
Capital Expenditure $-2,987,000 $-3,400,000 $-5,495,000 $-5,663,000
Investing Cash Flow $-14,067,000 $5,019,000 $-36,759,000 $-6,814,000
Cash Flow From Continuing Investing Activities $-14,067,000 $5,019,000 $-36,759,000 $-6,814,000
Net Other Investing Changes $1,642,000 $-62,000 $13,000 $201,000
Financing Activities
Repurchase Of Capital Stock $-2,540,000 $-15,920,000 $-4,082,000 $-15,112,000
Financing Cash Flow $-2,569,000 $-16,099,000 $-18,299,000 $-38,871,000
Cash Flow From Continuing Financing Activities $-2,569,000 $-16,099,000 $-18,299,000 $-38,871,000
Net Other Financing Charges $-1,294,000 $-2,605,000 $-2,706,000 $-3,111,000
Net Common Stock Issuance $-2,540,000 $-15,920,000 $-4,082,000 $-15,112,000
Other
Repayment Of Debt $0 $0 $-15,000,000 $-25,000,000
Interest Paid Supplemental Data $2,235,000 $2,562,000 $2,596,000 $2,015,000
Income Tax Paid Supplemental Data $7,234,000 $9,277,000 $10,643,000 $8,901,000
End Cash Position $65,589,000 $58,187,000 $75,042,000 $105,654,000
Beginning Cash Position $58,187,000 $75,042,000 $105,654,000 $118,031,000
Effect Of Exchange Rate Changes $2,957,000 $-1,914,000 $2,773,000 $-6,117,000
Changes In Cash $4,445,000 $-14,941,000 $-33,385,000 $-6,260,000
Proceeds From Stock Option Exercised $1,265,000 $2,426,000 $3,489,000 $4,352,000
Common Stock Payments $-2,540,000 $-15,920,000 $-4,082,000 $-15,112,000
Net Issuance Payments Of Debt $0 $0 $-15,000,000 $-25,000,000
Net Long Term Debt Issuance $0 $0 $-15,000,000 $-25,000,000
Long Term Debt Payments $0 $0 $-15,000,000 $-25,000,000
Net Investment Purchase And Sale $-12,722,000 $2,481,000 $-31,277,000 $-1,352,000
Sale Of Investment $20,732,000 $61,846,000 $29,791,000 $27,331,000
Purchase Of Investment $-33,454,000 $-59,365,000 $-61,068,000 $-28,683,000
Net Business Purchase And Sale $0 $6,000,000 $0 $0
Sale Of Business $0 $6,000,000 $0 $0
Net PPE Purchase And Sale $-2,987,000 $-3,400,000 $-5,495,000 $-5,663,000
Purchase Of PPE $-2,987,000 $-3,400,000 $-5,495,000 $-5,663,000
Change In Working Capital $-8,324,000 $-45,498,000 $-24,386,000 $-28,879,000
Change In Other Working Capital $-5,368,000 $-9,042,000 $-21,927,000 $-26,586,000
Change In Other Current Liabilities $-10,962,000 $-14,570,000 $-13,978,000 $-12,939,000
Change In Payables And Accrued Expense $6,550,000 $-21,680,000 $-9,216,000 $-6,563,000
Change In Accrued Expense $6,694,000 $-20,866,000 $-10,644,000 $-6,102,000
Change In Payable $-144,000 $-814,000 $1,428,000 $-461,000
Change In Account Payable $-144,000 $-814,000 $1,428,000 $-461,000
Change In Prepaid Assets $-3,391,000 $-197,000 $6,020,000 $4,374,000
Change In Receivables $4,847,000 $-9,000 $14,715,000 $12,835,000
Changes In Account Receivables $4,847,000 $-9,000 $14,715,000 $12,835,000
Other Non Cash Items $904,000 $174,000 $192,000 $370,000
Stock Based Compensation $12,256,000 $14,343,000 $15,486,000 $14,543,000
Asset Impairment Charge $110,774,000 $967,000 $726,000 $1,296,000
Deferred Tax $-3,929,000 $-58,000 $-5,461,000 $-6,652,000
Deferred Income Tax $-3,929,000 $-58,000 $-5,461,000 $-6,652,000
Depreciation Amortization Depletion $21,450,000 $30,183,000 $32,066,000 $36,941,000
Depreciation And Amortization $21,450,000 $30,183,000 $32,066,000 $36,941,000
Amortization Cash Flow $8,745,000 $9,648,000 $11,956,000 $13,161,000
Amortization Of Intangibles $8,745,000 $9,648,000 $11,956,000 $13,161,000
Depreciation $12,705,000 $20,535,000 $20,110,000 $23,780,000
Gain Loss On Investment Securities $7,310,000 - $-208,000 $-309,000
Gain Loss On Sale Of Business $0 $1,775,000 $0 $0
Net Income From Continuing Operations $-119,360,000 $-5,747,000 $3,050,000 $21,806,000
Amortization Of Securities - - $-300,000 $-3,000
Net Foreign Currency Exchange Gain Loss - - $254,000 $239,000
Issuance Of Debt - - - -
Long Term Debt Issuance - - - -
Purchase Of Business - - - -
Fetched: 2026-06-23