Symbols / FORR Stock $6.99 +2.95% Forrester Research, Inc.

Industrials • Consulting Services • United States • NMS
FORR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Consulting Services
CEO Mr. George F. Colony
Exch · Country NMS · United States
Market Cap 135.69M
Enterprise Value 51.96M
Income -53.91M
Sales 392.47M
FCF (ttm) 59.11M
Book/sh 5.53
Cash/sh 7.53
Employees 1,395
Insider 10d —
IPO Nov 27, 1996
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 7.72
PEG 0.79
P/S 0.35
P/B 1.26
P/C —
EV/EBITDA 3.03
EV/Sales 0.13
Quick Ratio 0.79
Current Ratio 0.92
Debt/Eq 58.78
LT Debt/Eq —
EPS (ttm) -2.80
EPS next Y 0.91
EPS Growth —
Revenue Growth -4.90%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-05-06
ROA 0.85%
ROE -42.54%
ROIC —
Gross Margin 56.75%
Oper. Margin -6.65%
Profit Margin -13.74%
Shs Outstand 19.41M
Shs Float 10.10M
Insider Own 39.80%
Instit Own 62.31%
Short Float 26.63%
Short Ratio 15.80
Short Interest 1.17M
52W High 11.57
vs 52W High -39.59%
52W Low 4.88
vs 52W Low 43.24%
Beta 1.02
Impl. Vol. 39.20%
Rel Volume 0.60
Avg Volume 88.87K
Volume 53.48K
Target (mean) $6.00
Tgt Median $6.00
Tgt Low $6.00
Tgt High $6.00
# Analysts 1
Recom None
Prev Close $6.79
Price $6.99
Change 2.95%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.00
Mean price target
2. Current target
$6.99
Latest analyst target
3. DCF / Fair value
$54.81
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.99
Low
$6.00
High
$6.00
Mean
$6.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2023-10-30 down Barrington Research Outperform → Market Perform —
2023-07-31 reit Barrington Research Outperform → Outperform $37
2023-05-15 main Barrington Research Outperform → Outperform $32
2023-02-13 main Barrington Research — → Outperform $39
2019-02-28 init Maxim Group — → Buy $62
2015-10-06 init Barrington Research — → Market Perform —
2013-02-14 down Noble Capital Markets Buy → Hold —
News
RSS: Latest FORR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-01 GONSALVES JOBINA Officer — 4,913 — —
2026-06-01 COX ANDREW Officer — 4,264 — —
2026-05-12 BRADFORD NEIL Director — 8,000 $0.00 $0
2026-05-12 ROMINE WARREN N Director — 8,000 $0.00 $0
2026-05-12 FRISCIA ANTHONY J Director — 8,000 $0.00 $0
2026-05-12 BENNETT ROBERT PAUL Director — 8,000 $0.00 $0
2026-05-12 MUNCHBACH CORY Director — 8,000 $0.00 $0
2026-04-01 DARRAH RYAN Officer — 9,318 — —
2026-04-01 JOHNSON CARRIE A. Officer — 14,335 — —
2026-04-01 FINN LEO CHRISTIAN Chief Financial Officer — 14,335 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
396.89
-8.23%
432.47
-10.05%
480.78
-10.60%
537.79
Operating Revenue
396.89
-8.23%
432.47
-10.05%
480.78
-10.60%
537.79
Cost Of Revenue
170.72
-6.47%
182.53
-10.73%
204.48
-8.62%
223.77
Reconciled Cost Of Revenue
164.04
-3.26%
169.56
-12.07%
192.83
-7.85%
209.26
Gross Profit
226.17
-9.51%
249.94
-9.54%
276.30
-12.01%
314.01
Operating Expense
224.22
-4.85%
235.65
-8.04%
256.26
-5.80%
272.02
Selling General And Administration
202.14
-7.46%
218.44
-7.38%
235.85
-5.51%
249.59
Selling And Marketing Expense
149.48
-6.35%
159.62
-4.62%
167.35
-8.02%
181.94
General And Administrative Expense
52.66
-10.46%
58.82
-14.13%
68.50
+1.24%
67.66
Other Gand A
52.66
-10.46%
58.82
-14.13%
68.50
+1.24%
67.66
Total Expenses
394.94
-5.56%
418.18
-9.24%
460.74
-7.07%
495.80
Operating Income
1.95
-86.37%
14.29
-28.70%
20.04
-52.28%
41.99
Total Operating Income As Reported
-113.17
-15393.65%
0.74
-89.06%
6.77
-79.28%
32.65
EBITDA
-95.28
-365.91%
35.83
-13.47%
41.41
-40.95%
70.13
Normalized EBITDA
27.15
-44.10%
48.56
-10.85%
54.48
-31.18%
79.15
Reconciled Depreciation
21.45
-28.93%
30.18
-5.87%
32.07
-13.20%
36.94
EBIT
-116.73
-2166.73%
5.65
-39.56%
9.35
-71.84%
33.19
Total Unusual Items
-122.43
-861.43%
-12.73
+2.53%
-13.06
-44.74%
-9.03
Total Unusual Items Excluding Goodwill
-122.43
-861.43%
-12.73
+2.53%
-13.06
-44.74%
-9.03
Special Income Charges
-122.43
-803.68%
-13.55
-2.08%
-13.27
-42.17%
-9.34
Impairment Of Capital Assets
110.71
0.00
0.00
—
Restructuring And Mergern Acquisition
11.72
-0.42%
11.77
-11.29%
13.27
+42.17%
9.34
Write Off
7.31
0.00
0.00
—
Net Income
-119.36
-1976.91%
-5.75
-288.43%
3.05
-86.01%
21.81
Pretax Income
-119.41
-4628.21%
2.64
-58.04%
6.29
-79.54%
30.72
Net Non Operating Interest Income Expense
-2.68
+10.99%
-3.01
+1.60%
-3.06
-24.34%
-2.46
Interest Expense Non Operating
2.68
-10.99%
3.01
-1.60%
3.06
+24.34%
2.46
Net Interest Income
-2.68
+10.99%
-3.01
+1.60%
-3.06
-24.34%
-2.46
Interest Expense
2.68
-10.99%
3.01
-1.60%
3.06
+24.34%
2.46
Other Income Expense
-118.68
-1273.58%
-8.64
+19.20%
-10.69
-21.46%
-8.80
Other Non Operating Income Expenses
3.75
-8.35%
4.09
+72.67%
2.37
+968.02%
0.22
Gain On Sale Of Security
0.00
-99.75%
0.81
+291.35%
0.21
-32.69%
0.31
Gain On Sale Of Business
0.00
+100.00%
-1.77
0.00
0.00
Tax Provision
-0.05
-100.58%
8.38
+159.17%
3.23
-63.73%
8.92
Tax Rate For Calcs
0.00
-99.80%
0.00
+0.00%
0.00
-27.65%
0.00
Tax Effect Of Unusual Items
-0.05
+98.12%
-2.67
+2.53%
-2.74
-4.72%
-2.62
Net Income Including Noncontrolling Interests
-119.36
-1976.91%
-5.75
-288.43%
3.05
-86.01%
21.81
Net Income From Continuing Operation Net Minority Interest
-119.36
-1976.91%
-5.75
-288.43%
3.05
-86.01%
21.81
Net Income From Continuing And Discontinued Operation
-119.36
-1976.91%
-5.75
-288.43%
3.05
-86.01%
21.81
Net Income Continuous Operations
-119.36
-1976.91%
-5.75
-288.43%
3.05
-86.01%
21.81
Normalized Income
3.02
-30.01%
4.31
-67.74%
13.37
-52.61%
28.21
Net Income Common Stockholders
-119.36
-1976.91%
-5.75
-288.43%
3.05
-86.01%
21.81
Diluted EPS
-6.28
-1993.33%
-0.30
-287.50%
0.16
-85.96%
1.14
Basic EPS
-6.28
-1993.33%
-0.30
-287.50%
0.16
-86.09%
1.15
Basic Average Shares
19.02
-0.40%
19.09
-0.46%
19.18
+1.14%
18.97
Diluted Average Shares
19.02
-0.40%
19.09
-0.85%
19.26
+0.45%
19.17
Diluted NI Availto Com Stockholders
-119.36
-1976.91%
-5.75
-288.43%
3.05
-86.01%
21.81
Amortization
8.74
-9.36%
9.65
-19.30%
11.96
-9.16%
13.16
Amortization Of Intangibles Income Statement
8.74
-9.36%
9.65
-19.30%
11.96
-9.16%
13.16
Depreciation Amortization Depletion Income Statement
14.77
-14.17%
17.21
-15.68%
20.41
-9.01%
22.43
Depreciation And Amortization In Income Statement
14.77
-14.17%
17.21
-15.68%
20.41
-9.01%
22.43
Depreciation Income Statement
6.03
-20.31%
7.56
-10.54%
8.45
-8.81%
9.27
Earnings From Equity Interest
—
0.81
+291.35%
0.21
-32.69%
0.31
Provision For Doubtful Accounts
7.31
0.00
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
404.03
-19.81%
503.86
-10.69%
564.17
-7.28%
608.44
Current Assets
212.69
+5.62%
201.36
-6.78%
216.00
-8.20%
235.29
Cash Cash Equivalents And Short Term Investments
127.66
+21.96%
104.67
-15.92%
124.49
+0.95%
123.32
Cash And Cash Equivalents
63.34
+12.92%
56.09
-23.07%
72.91
-29.64%
103.63
Other Short Term Investments
64.32
+32.40%
48.58
-5.81%
51.58
+161.99%
19.69
Receivables
50.85
-8.36%
55.49
-5.95%
59.00
-19.56%
73.34
Accounts Receivable
50.85
-8.36%
55.49
-5.95%
59.00
-19.56%
73.34
Gross Accounts Receivable
51.21
-8.43%
55.92
-6.13%
59.57
-19.39%
73.91
Allowance For Doubtful Accounts Receivable
-0.36
+17.05%
-0.43
+24.39%
-0.57
-2.50%
-0.56
Prepaid Assets
—
—
—
—
Current Deferred Assets
22.06
-3.84%
22.94
-1.14%
23.21
-5.51%
24.56
Other Current Assets
12.12
-33.64%
18.26
+96.27%
9.30
-33.86%
14.07
Total Non Current Assets
191.35
-36.74%
302.50
-13.12%
348.17
-6.69%
373.15
Net PPE
41.88
+8.08%
38.75
-34.46%
59.12
-19.21%
73.18
Gross PPE
98.77
-1.82%
100.60
-18.33%
123.19
-11.51%
139.21
Accumulated Depreciation
-56.89
+8.02%
-61.85
+3.45%
-64.06
+2.98%
-66.03
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
44.10
-8.36%
48.13
-10.80%
53.96
-8.47%
58.95
Other Properties
30.66
+13.36%
27.05
-31.90%
39.72
-20.51%
49.97
Leases
24.00
-5.58%
25.42
-13.84%
29.51
-2.57%
30.29
Goodwill And Other Intangible Assets
139.11
-45.54%
255.43
-9.39%
281.89
-3.35%
291.65
Goodwill
120.38
-47.19%
227.96
-6.67%
244.26
+0.87%
242.15
Other Intangible Assets
18.73
-31.83%
27.48
-27.00%
37.64
-23.97%
49.50
Other Non Current Assets
10.36
+24.57%
8.32
+16.19%
7.16
-13.95%
8.32
Total Liabilities Net Minority Interest
277.51
+1.16%
274.32
-15.31%
323.91
-16.26%
386.78
Current Liabilities
240.06
+17.69%
203.97
-15.04%
240.08
-10.88%
269.39
Payables And Accrued Expenses
40.29
+18.54%
33.99
-31.89%
49.90
-16.50%
59.77
Payables
4.13
+32.99%
3.11
-52.02%
6.48
+4.72%
6.18
Accounts Payable
0.83
-13.78%
0.96
-46.27%
1.80
+397.51%
0.36
Current Accrued Expenses
36.16
+17.09%
30.88
-28.89%
43.43
-18.95%
53.58
Total Tax Payable
3.30
+54.06%
2.14
-54.23%
4.68
-19.63%
5.82
Current Debt And Capital Lease Obligation
42.38
+232.21%
12.76
-10.03%
14.18
+4.03%
13.63
Current Debt
35.00
—
—
—
Other Current Borrowings
35.00
—
—
—
Current Capital Lease Obligation
7.38
-42.13%
12.76
-10.03%
14.18
+4.03%
13.63
Current Deferred Liabilities
141.81
-2.47%
145.40
-7.27%
156.80
-11.92%
178.02
Current Deferred Revenue
141.81
-2.47%
145.40
-7.27%
156.80
-11.92%
178.02
Other Current Liabilities
15.58
+31.78%
11.82
-38.41%
19.20
+6.81%
17.97
Total Non Current Liabilities Net Minority Interest
37.45
-46.77%
70.35
-16.08%
83.83
-28.59%
117.39
Long Term Debt And Capital Lease Obligation
29.51
-50.66%
59.81
-17.70%
72.67
-27.87%
100.75
Long Term Debt
—
35.00
+0.00%
35.00
-30.00%
50.00
Long Term Capital Lease Obligation
29.51
+18.96%
24.81
-34.15%
37.67
-25.77%
50.75
Non Current Deferred Liabilities
5.88
-32.43%
8.71
+0.30%
8.68
-38.59%
14.13
Non Current Deferred Taxes Liabilities
5.88
-32.43%
8.71
+0.30%
8.68
-38.59%
14.13
Other Non Current Liabilities
2.05
+11.58%
1.84
-25.84%
2.48
-1.12%
2.51
Stockholders Equity
126.53
-44.88%
229.54
-4.47%
240.26
+8.40%
221.66
Common Stock Equity
126.53
-44.88%
229.54
-4.47%
240.26
+8.40%
221.66
Capital Stock
0.26
+1.59%
0.25
+1.62%
0.25
+1.23%
0.24
Common Stock
0.26
+1.59%
0.25
+1.62%
0.25
+1.23%
0.24
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
25.54
+1.65%
25.12
+1.76%
24.68
+1.31%
24.37
Ordinary Shares Number
19.01
+0.93%
18.84
-2.13%
19.25
+0.98%
19.06
Treasury Shares Number
6.52
+3.82%
6.28
+15.54%
5.44
+2.49%
5.30
Additional Paid In Capital
304.40
+4.17%
292.22
+5.09%
278.06
+6.22%
261.77
Retained Earnings
52.57
-69.42%
171.93
-3.23%
177.68
+1.75%
174.63
Gains Losses Not Affecting Retained Earnings
-1.09
+85.89%
-7.75
-69.46%
-4.57
+42.27%
-7.92
Treasury Stock
229.62
+1.10%
227.12
+7.56%
211.15
+1.97%
207.07
Other Equity Adjustments
-1.09
+85.89%
-7.75
-69.46%
-4.57
+42.27%
-7.92
Total Equity Gross Minority Interest
126.53
-44.88%
229.54
-4.47%
240.26
+8.40%
221.66
Total Capitalization
126.53
-52.17%
264.54
-3.90%
275.26
+1.33%
271.66
Working Capital
-27.38
-950.13%
-2.61
+89.17%
-24.08
+29.39%
-34.10
Invested Capital
161.53
-38.94%
264.54
-3.90%
275.26
+1.33%
271.66
Total Debt
71.89
-0.93%
72.57
-16.45%
86.85
-24.07%
114.38
Capital Lease Obligations
36.90
-1.79%
37.57
-27.55%
51.85
-19.46%
64.38
Net Tangible Assets
-12.59
+51.40%
-25.90
+37.79%
-41.63
+40.53%
-70.00
Tangible Book Value
-12.59
+51.40%
-25.90
+37.79%
-41.63
+40.53%
-70.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
21.08
+646.00%
-3.86
-117.81%
21.67
-45.03%
39.42
Cash Flow From Continuing Operating Activities
21.08
+646.00%
-3.86
-117.81%
21.67
-45.03%
39.42
Net Income From Continuing Operations
-119.36
-1976.91%
-5.75
-288.43%
3.05
-86.01%
21.81
Depreciation Amortization Depletion
21.45
-28.93%
30.18
-5.87%
32.07
-13.20%
36.94
Depreciation
12.71
-38.13%
20.54
+2.11%
20.11
-15.43%
23.78
Amortization Cash Flow
8.74
-9.36%
9.65
-19.30%
11.96
-9.16%
13.16
Depreciation And Amortization
21.45
-28.93%
30.18
-5.87%
32.07
-13.20%
36.94
Amortization Of Intangibles
8.74
-9.36%
9.65
-19.30%
11.96
-9.16%
13.16
Other Non Cash Items
0.90
+419.54%
0.17
-9.38%
0.19
-48.11%
0.37
Stock Based Compensation
12.26
-14.55%
14.34
-7.38%
15.49
+6.48%
14.54
Asset Impairment Charge
110.77
+11355.43%
0.97
+33.20%
0.73
-43.98%
1.30
Deferred Tax
-3.93
-6674.14%
-0.06
+98.94%
-5.46
+17.90%
-6.65
Deferred Income Tax
-3.93
-6674.14%
-0.06
+98.94%
-5.46
+17.90%
-6.65
Operating Gains Losses
7.31
+311.83%
1.77
+3758.70%
0.05
+165.71%
-0.07
Gain Loss On Investment Securities
7.31
—
-0.21
+32.69%
-0.31
Net Foreign Currency Exchange Gain Loss
—
—
0.25
+6.28%
0.24
Change In Working Capital
-8.32
+81.70%
-45.50
-86.57%
-24.39
+15.56%
-28.88
Change In Receivables
4.85
+53955.56%
-0.01
-100.06%
14.71
+14.65%
12.84
Changes In Account Receivables
4.85
+53955.56%
-0.01
-100.06%
14.71
+14.65%
12.84
Change In Prepaid Assets
-3.39
-1621.32%
-0.20
-103.27%
6.02
+37.63%
4.37
Change In Payables And Accrued Expense
6.55
+130.21%
-21.68
-135.24%
-9.22
-40.42%
-6.56
Change In Accrued Expense
6.69
+132.08%
-20.87
-96.04%
-10.64
-74.43%
-6.10
Change In Payable
-0.14
+82.31%
-0.81
-157.00%
1.43
+409.76%
-0.46
Change In Account Payable
-0.14
+82.31%
-0.81
-157.00%
1.43
+409.76%
-0.46
Change In Other Working Capital
-5.37
+40.63%
-9.04
+58.76%
-21.93
+17.52%
-26.59
Change In Other Current Liabilities
-10.96
+24.76%
-14.57
-4.24%
-13.98
-8.03%
-12.94
Investing Cash Flow
-14.07
-380.27%
5.02
+113.65%
-36.76
-439.46%
-6.81
Cash Flow From Continuing Investing Activities
-14.07
-380.27%
5.02
+113.65%
-36.76
-439.46%
-6.81
Net PPE Purchase And Sale
-2.99
+12.15%
-3.40
+38.13%
-5.50
+2.97%
-5.66
Purchase Of PPE
-2.99
+12.15%
-3.40
+38.13%
-5.50
+2.97%
-5.66
Capital Expenditure
-2.99
+12.15%
-3.40
+38.13%
-5.50
+2.97%
-5.66
Net Investment Purchase And Sale
-12.72
-612.78%
2.48
+107.93%
-31.28
-2213.39%
-1.35
Purchase Of Investment
-33.45
+43.65%
-59.37
+2.79%
-61.07
-112.91%
-28.68
Sale Of Investment
20.73
-66.48%
61.85
+107.60%
29.79
+9.00%
27.33
Net Business Purchase And Sale
0.00
-100.00%
6.00
0.00
0.00
Purchase Of Business
—
—
—
—
Gain Loss On Sale Of Business
0.00
-100.00%
1.77
0.00
0.00
Net Other Investing Changes
1.64
+2748.39%
-0.06
-576.92%
0.01
-93.53%
0.20
Financing Cash Flow
-2.57
+84.04%
-16.10
+12.02%
-18.30
+52.92%
-38.87
Cash Flow From Continuing Financing Activities
-2.57
+84.04%
-16.10
+12.02%
-18.30
+52.92%
-38.87
Net Issuance Payments Of Debt
0.00
0.00
+100.00%
-15.00
+40.00%
-25.00
Issuance Of Debt
—
—
—
—
Repayment Of Debt
0.00
0.00
+100.00%
-15.00
+40.00%
-25.00
Long Term Debt Issuance
—
—
—
—
Long Term Debt Payments
0.00
0.00
+100.00%
-15.00
+40.00%
-25.00
Net Long Term Debt Issuance
0.00
0.00
+100.00%
-15.00
+40.00%
-25.00
Net Common Stock Issuance
-2.54
+84.05%
-15.92
-290.00%
-4.08
+72.99%
-15.11
Common Stock Payments
-2.54
+84.05%
-15.92
-290.00%
-4.08
+72.99%
-15.11
Repurchase Of Capital Stock
-2.54
+84.05%
-15.92
-290.00%
-4.08
+72.99%
-15.11
Proceeds From Stock Option Exercised
1.26
-47.86%
2.43
-30.47%
3.49
-19.83%
4.35
Net Other Financing Charges
-1.29
+50.33%
-2.60
+3.73%
-2.71
+13.02%
-3.11
Changes In Cash
4.45
+129.75%
-14.94
+55.25%
-33.38
-433.31%
-6.26
Effect Of Exchange Rate Changes
2.96
+254.49%
-1.91
-169.02%
2.77
+145.33%
-6.12
Beginning Cash Position
58.19
-22.46%
75.04
-28.97%
105.65
-10.49%
118.03
End Cash Position
65.59
+12.72%
58.19
-22.46%
75.04
-28.97%
105.65
Free Cash Flow
18.09
+349.19%
-7.26
-144.88%
16.18
-52.08%
33.76
Interest Paid Supplemental Data
2.23
-12.76%
2.56
-1.31%
2.60
+28.83%
2.02
Income Tax Paid Supplemental Data
7.23
-22.02%
9.28
-12.83%
10.64
+19.57%
8.90
Amortization Of Securities
—
—
-0.30
-9900.00%
-0.00
Sale Of Business
0.00
-100.00%
6.00
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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