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Side-by-side financial comparison of AMBARELLA INC (AMBA) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
AMBARELLA INC is the larger business by last-quarter revenue ($108.5M vs $101.1M, roughly 1.1× FORRESTER RESEARCH, INC.). AMBARELLA INC runs the higher net margin — -13.9% vs -33.5%, a 19.6% gap on every dollar of revenue. On growth, AMBARELLA INC posted the faster year-over-year revenue change (31.2% vs -6.5%). AMBARELLA INC produced more free cash flow last quarter ($31.4M vs $-4.3M). Over the past eight quarters, AMBARELLA INC's revenue compounded faster (45.0% CAGR vs 0.5%).
Ambarella, Inc. is an American fabless semiconductor design company, focusing on low-power, high-definition (HD) and Ultra HD video compression, image processing, and computer vision processors. Ambarella's products are used in a wide variety of human and computer vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver and in-cabin monitoring, autonomous driving, and robotics applications. Ambarella's system on chips ...
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.
AMBA vs FORR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $108.5M | $101.1M |
| Net Profit | $-15.1M | $-33.9M |
| Gross Margin | 59.6% | 56.7% |
| Operating Margin | -15.0% | -36.6% |
| Net Margin | -13.9% | -33.5% |
| Revenue YoY | 31.2% | -6.5% |
| Net Profit YoY | 37.2% | -7941.4% |
| EPS (diluted) | $-0.35 | $-1.75 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $108.5M | $101.1M | ||
| Q3 25 | $95.5M | $94.3M | ||
| Q2 25 | $85.9M | $111.7M | ||
| Q1 25 | $84.0M | $89.9M | ||
| Q4 24 | $82.7M | $108.0M | ||
| Q3 24 | $63.7M | $102.5M | ||
| Q2 24 | $54.5M | $121.8M | ||
| Q1 24 | $51.6M | $100.1M |
| Q4 25 | $-15.1M | $-33.9M | ||
| Q3 25 | $-20.0M | $-2.1M | ||
| Q2 25 | $-24.3M | $3.9M | ||
| Q1 25 | $-20.2M | $-87.3M | ||
| Q4 24 | $-24.1M | $432.0K | ||
| Q3 24 | $-34.9M | $-5.8M | ||
| Q2 24 | $-37.9M | $6.3M | ||
| Q1 24 | $-60.6M | $-6.7M |
| Q4 25 | 59.6% | 56.7% | ||
| Q3 25 | 58.9% | 60.0% | ||
| Q2 25 | 60.0% | 55.5% | ||
| Q1 25 | 60.0% | 55.9% | ||
| Q4 24 | 60.6% | 58.8% | ||
| Q3 24 | 60.8% | 60.5% | ||
| Q2 24 | 60.9% | 57.3% | ||
| Q1 24 | 59.8% | 54.9% |
| Q4 25 | -15.0% | -36.6% | ||
| Q3 25 | -23.0% | 4.7% | ||
| Q2 25 | -30.1% | 6.2% | ||
| Q1 25 | -30.2% | -97.5% | ||
| Q4 24 | -30.9% | -0.5% | ||
| Q3 24 | -56.9% | -0.7% | ||
| Q2 24 | -72.4% | 9.3% | ||
| Q1 24 | -80.8% | -9.3% |
| Q4 25 | -13.9% | -33.5% | ||
| Q3 25 | -20.9% | -2.3% | ||
| Q2 25 | -28.3% | 3.5% | ||
| Q1 25 | -24.1% | -97.1% | ||
| Q4 24 | -29.1% | 0.4% | ||
| Q3 24 | -54.8% | -5.7% | ||
| Q2 24 | -69.6% | 5.2% | ||
| Q1 24 | -117.4% | -6.7% |
| Q4 25 | $-0.35 | $-1.75 | ||
| Q3 25 | $-0.47 | $-0.11 | ||
| Q2 25 | $-0.58 | $0.20 | ||
| Q1 25 | $-0.48 | $-4.62 | ||
| Q4 24 | $-0.58 | $0.02 | ||
| Q3 24 | $-0.85 | $-0.30 | ||
| Q2 24 | $-0.93 | $0.33 | ||
| Q1 24 | $-1.51 | $-0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.1M | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $590.1M | $126.5M |
| Total Assets | $751.9M | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $63.3M | ||
| Q3 25 | $142.7M | $65.1M | ||
| Q2 25 | $141.3M | $67.8M | ||
| Q1 25 | $144.6M | $75.6M | ||
| Q4 24 | $127.1M | $56.1M | ||
| Q3 24 | $153.9M | $62.8M | ||
| Q2 24 | $131.8M | $58.9M | ||
| Q1 24 | $144.9M | $61.4M |
| Q4 25 | $590.1M | $126.5M | ||
| Q3 25 | $576.5M | $157.7M | ||
| Q2 25 | $572.7M | $159.5M | ||
| Q1 25 | $561.4M | $147.4M | ||
| Q4 24 | $554.3M | $229.5M | ||
| Q3 24 | $547.6M | $234.3M | ||
| Q2 24 | $555.4M | $237.1M | ||
| Q1 24 | $559.9M | $230.9M |
| Q4 25 | $751.9M | $404.0M | ||
| Q3 25 | $706.4M | $414.2M | ||
| Q2 25 | $701.9M | $436.0M | ||
| Q1 25 | $689.0M | $439.8M | ||
| Q4 24 | $670.8M | $503.9M | ||
| Q3 24 | $650.3M | $505.3M | ||
| Q2 24 | $638.7M | $524.2M | ||
| Q1 24 | $657.7M | $555.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $-3.2M |
| Free Cash FlowOCF − Capex | $31.4M | $-4.3M |
| FCF MarginFCF / Revenue | 29.0% | -4.2% |
| Capex IntensityCapex / Revenue | 2.7% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.3M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.3M | $-3.2M | ||
| Q3 25 | $5.5M | $1.2M | ||
| Q2 25 | $14.8M | $-3.6M | ||
| Q1 25 | $25.4M | $26.7M | ||
| Q4 24 | $6.6M | $-1.8M | ||
| Q3 24 | $16.7M | $264.0K | ||
| Q2 24 | $-15.0M | $-2.9M | ||
| Q1 24 | $-4.0M | $611.0K |
| Q4 25 | $31.4M | $-4.3M | ||
| Q3 25 | $1.4M | $524.0K | ||
| Q2 25 | $10.2M | $-4.2M | ||
| Q1 25 | $21.2M | $26.1M | ||
| Q4 24 | $4.1M | $-2.5M | ||
| Q3 24 | $14.2M | $-223.0K | ||
| Q2 24 | $-16.1M | $-3.7M | ||
| Q1 24 | $-6.0M | $-815.0K |
| Q4 25 | 29.0% | -4.2% | ||
| Q3 25 | 1.4% | 0.6% | ||
| Q2 25 | 11.9% | -3.8% | ||
| Q1 25 | 25.3% | 29.0% | ||
| Q4 24 | 5.0% | -2.3% | ||
| Q3 24 | 22.2% | -0.2% | ||
| Q2 24 | -29.5% | -3.1% | ||
| Q1 24 | -11.6% | -0.8% |
| Q4 25 | 2.7% | 1.1% | ||
| Q3 25 | 4.3% | 0.7% | ||
| Q2 25 | 5.3% | 0.5% | ||
| Q1 25 | 5.0% | 0.7% | ||
| Q4 24 | 3.0% | 0.6% | ||
| Q3 24 | 4.0% | 0.5% | ||
| Q2 24 | 2.1% | 0.7% | ||
| Q1 24 | 3.7% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
