Forrester Research, Inc. (FORR)
Nasdaq · Services-Engineering, Accounting, Research, Management · Services · CIK 1023313 · fiscal year ends in Dec
Closing price $10.98 on 30 Oct 2026; 52-week range $5.05 to $12.65.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $381.0M
- Revenue growth
- -7.5%
- Net income, last twelve months
- -$42.6M
- Earnings per share
- -$2.25
- Gross margin
- 57.0%
- Operating margin
- -12.5%
- Net margin
- -11.2%
- Free cash flow
- $3.0M
- Return on equity
- -35.0%
- Market value
- $211.8M
- Cash
- $59.5M
- Debt
- $35.0M
- Debt to equity
- 0.29
- Shares outstanding
- 19.3M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $396.9M | -$113.2M | -$119.4M | -$6.28 | $18.1M | 10-K filed 13 Mar 2026 |
| FY2024 | 31 Dec 2024 | $432.5M | $740.0K | -$5.7M | -$0.30 | -$7.3M | 10-K filed 7 Mar 2025 |
| FY2023 | 31 Dec 2023 | $480.8M | $6.8M | $3.0M | $0.16 | $16.2M | 10-K filed 8 Mar 2024 |
| FY2022 | 31 Dec 2022 | $537.8M | $32.7M | $21.8M | $1.14 | $33.8M | 10-K filed 10 Mar 2023 |
| FY2021 | 31 Dec 2021 | $494.3M | $38.6M | $24.8M | $1.28 | $96.3M | 10-K filed 10 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $100.2M | $15.3M | $0.78 |
| Q1 FY2026 | 31 Mar 2026 | $85.5M | -$21.8M | -$1.14 |
| Q4 FY2025 | 31 Dec 2025 | $101.1M | -$33.9M | -$1.78 |
| Q3 FY2025 | 30 Sep 2025 | $94.3M | -$2.1M | -$0.11 |
| Q2 FY2025 | 30 Jun 2025 | $111.7M | $3.9M | $0.20 |
| Q1 FY2025 | 31 Mar 2025 | $89.9M | -$87.3M | -$4.62 |
| Q4 FY2024 | 31 Dec 2024 | $108.0M | $432.0K | $0.02 |
| Q3 FY2024 | 30 Sep 2024 | $102.5M | -$5.8M | -$0.30 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Research Segment | $317.6M | 80.0% |
| Consulting Segment | $66.2M | 16.7% |
| Events Segment | $13.1M | 3.3% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| United States | $304.2M | 76.6% |
| Europe (Excluding United Kingdom) | $37.0M | 9.3% |
| Asia Pacific | $21.8M | 5.5% |
| United Kingdom | $15.7M | 4.0% |
| Canada | $10.9M | 2.8% |
| Other | $7.2M | 1.8% |
Company events
The newest 8-K filings of 182 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 30 Jul 2026 | 8-K | Results, Leadership change | 2.02, 5.02, 9.01 |
| 13 May 2026 | 8-K | Leadership change, Material agreement, Shareholder vote | 1.01, 5.02, 5.07, 9.01 |
| 6 May 2026 | 8-K | Results | 2.02, 9.01 |
| 12 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 9 Feb 2026 | 8-K | Restructuring | 2.05 |
| 31 Oct 2025 | 8-K | Leadership change | 5.02 |
| 30 Oct 2025 | 8-K | Results | 2.02, 9.01 |
| 31 Jul 2025 | 8-K | Results | 2.02, 9.01 |
| 14 May 2025 | 8-K | Shareholder vote | 5.07 |
| 6 May 2025 | 8-K | Results | 2.02, 9.01 |
| 16 Apr 2025 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
Every filing
The newest filings with the SEC of 459 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 8-K | 29 Oct 2026 |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 30 Jul 2026 | 8-K | 30 Jul 2026 |
| 13 May 2026 | 8-K | 12 May 2026 |
| 8 May 2026 | 10-Q | 31 Mar 2026 |
| 6 May 2026 | 8-K | 6 May 2026 |
| 31 Mar 2026 | ARS | 31 Dec 2025 |
| 31 Mar 2026 | DEFA14A | – |
| 31 Mar 2026 | DEF 14A | 12 May 2026 |
| 13 Mar 2026 | 10-K | 31 Dec 2025 |
| 12 Feb 2026 | 8-K | 12 Feb 2026 |
| 9 Feb 2026 | 8-K | 9 Feb 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 20 Aug 2026 | Darrah Ryan, Chief Legal Officer | Sale outside a trading plan | 5,000 | $11.78 | $58.9K | 27,244 | 20 Aug 2026 |
| 20 Aug 2026 | Finn Leo Christian, Chief Financial Officer | Sale outside a trading plan | 7,000 | $11.78 | $82.4K | 34,476 | 20 Aug 2026 |
| 13 Aug 2026 | Johnson Carrie, Chief Product Officer | Sale outside a trading plan | 5,000 | $11.51 | $57.5K | 35,409 | 14 Aug 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 20 Aug 2026 | Leo Christian Finn, Officer | 7,000 | $82.4K | 20 Aug 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 15 May 2026 | Portolan Capital Management, LLC | 13G amended | 7.94% | 1.5M |
| 19 Feb 2026 | Portolan Capital Management, LLC | 13G | 6.12% | 1.2M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 562.1K | +3.18% | 6.85 |
| 30 Sep 2026 | 544.8K | -9.51% | 3.96 |
| 15 Sep 2026 | 602.1K | -6.71% | 5.13 |
| 31 Aug 2026 | 645.4K | +5% | 8.29 |
| 14 Aug 2026 | 614.6K | +4.86% | 4.78 |
| 31 Jul 2026 | 586.1K | -9.42% | 4.71 |
| 15 Jul 2026 | 647.1K | -4.94% | 4.45 |
| 30 Jun 2026 | 680.8K | -37.53% | 2.36 |
Funds that hold it
From each fund's latest Form 13F.
119 funds held it at 30 Jun 2026: 52 added and 36 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Portolan Capital Management, LLC | 1,623,925 | $13.7M | +82,649 |
| Nantahala Capital Management, LLC | 1,526,892 | $12.8M | – |
| Tieton Capital Management, LLC | 757,476 | $6.4M | +198,435 |
| First Manhattan Co. LLC. | 750,000 | $6.3M | 0 |
| Pacific Ridge Capital Partners, LLC | 705,344 | $5.9M | -5,503 |
| Vanguard Capital Management LLC | 500,395 | $4.2M | +13,473 |
| Acadian Asset Management LLC | 429,610 | $3.6M | +6,272 |
| Renaissance Technologies LLC | 418,206 | $3.5M | -18,500 |
| Hotchkis & Wiley Capital Management LLC | 366,689 | $3.1M | -16,900 |
| AQR Capital Management LLC | 357,665 | $3.0M | +171,743 |
Peers
Companies in the same industry.
- Paychex Inc. (PAYX): revenue $6.6B, market value $39.9B