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FORRESTER RESEARCH, INC.

FORRESTER RESEARCH, INC.FORREarnings & Financial Report

Nasdaq · market research

Forrester Research, Inc. is a research and advisory firm working in research, consulting and events. Forrester’s clients include large global business, technology and consumer enterprises. The firm is headquartered in Cambridge, MA.

NextMar 13, 2026

FORR Q3 2025 Key Financial Metrics

Revenue

$94.3M

Gross Profit

$56.6M

Operating Profit

$4.5M

Net Profit

$-2.1M

Gross Margin

60.0%

Operating Margin

4.7%

Net Margin

-2.3%

YoY Growth

-8.0%

EPS

$-0.11

Financial Flow

FORRESTER RESEARCH, INC. Q3 2025 Financial Summary

FORRESTER RESEARCH, INC. reported revenue of $94.3M for Q3 2025, with a net profit of $-2.1M (-2.3% margin). Cost of goods sold was $37.7M, operating expenses totaled $52.1M.

Key Financial Metrics

Total Revenue$94.3M
Net Profit$-2.1M
Gross Margin60.0%
Operating Margin4.7%
Report PeriodQ3 2025

FORRESTER RESEARCH, INC. Annual Revenue by Year

FORRESTER RESEARCH, INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $432.5M).

YearAnnual Revenue
2024$432.5M
2023$480.8M
2022$537.8M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$118.1M$100.1M$121.8M$102.5M$108.0M$89.9M$111.7M$94.3M
YoY Growth-13.7%-12.0%-10.2%-9.6%-8.5%-10.2%-8.3%-8.0%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$564.2M$555.7M$524.2M$505.3M$503.9M$439.8M$436.0M$414.2M
Liabilities$323.9M$324.7M$287.1M$270.9M$274.3M$292.4M$276.5M$256.5M
Equity$240.3M$230.9M$237.1M$234.3M$229.5M$147.4M$159.5M$157.7M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$11.9M$611000$-2.9M$264000$-1.8M$26.7M$-3.6M$1.2M