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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $83.2M, roughly 1.2× BrightSpire Capital, Inc.). BrightSpire Capital, Inc. runs the higher net margin — -17.3% vs -33.5%, a 16.3% gap on every dollar of revenue. On growth, BrightSpire Capital, Inc. posted the faster year-over-year revenue change (-0.4% vs -6.5%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $-4.3M). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% CAGR vs -6.8%).
Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
BRSP vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.2M | $101.1M |
| Net Profit | $-14.4M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | — | -36.6% |
| Net Margin | -17.3% | -33.5% |
| Revenue YoY | -0.4% | -6.5% |
| Net Profit YoY | 27.3% | -7941.4% |
| EPS (diluted) | $-0.11 | $-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 | $83.2M | $101.1M | ||
| Q3 25 | $83.9M | $94.3M | ||
| Q2 25 | $85.9M | $111.7M | ||
| Q1 25 | $77.6M | $89.9M | ||
| Q4 24 | $83.5M | $108.0M | ||
| Q3 24 | $88.2M | $102.5M | ||
| Q2 24 | $91.4M | $121.8M | ||
| Q1 24 | $95.8M | $100.1M |
| Q4 25 | $-14.4M | $-33.9M | ||
| Q3 25 | $984.0K | $-2.1M | ||
| Q2 25 | $-23.1M | $3.9M | ||
| Q1 25 | $5.3M | $-87.3M | ||
| Q4 24 | $-19.7M | $432.0K | ||
| Q3 24 | $12.7M | $-5.8M | ||
| Q2 24 | $-67.9M | $6.3M | ||
| Q1 24 | $-57.1M | $-6.7M |
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% | ||
| Q1 24 | — | 54.9% |
| Q4 25 | — | -36.6% | ||
| Q3 25 | -1.7% | 4.7% | ||
| Q2 25 | -54.5% | 6.2% | ||
| Q1 25 | 5.1% | -97.5% | ||
| Q4 24 | -24.9% | -0.5% | ||
| Q3 24 | 13.2% | -0.7% | ||
| Q2 24 | -74.9% | 9.3% | ||
| Q1 24 | -59.4% | -9.3% |
| Q4 25 | -17.3% | -33.5% | ||
| Q3 25 | 1.2% | -2.3% | ||
| Q2 25 | -26.9% | 3.5% | ||
| Q1 25 | 6.9% | -97.1% | ||
| Q4 24 | -23.7% | 0.4% | ||
| Q3 24 | 14.4% | -5.7% | ||
| Q2 24 | -74.2% | 5.2% | ||
| Q1 24 | -59.6% | -6.7% |
| Q4 25 | $-0.11 | $-1.75 | ||
| Q3 25 | $0.00 | $-0.11 | ||
| Q2 25 | $-0.19 | $0.20 | ||
| Q1 25 | $0.04 | $-4.62 | ||
| Q4 24 | $-0.16 | $0.02 | ||
| Q3 24 | $0.09 | $-0.30 | ||
| Q2 24 | $-0.53 | $0.33 | ||
| Q1 24 | $-0.45 | $-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 | $66.8M | $63.3M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $938.4M | $126.5M |
| Total Assets | $3.6B | $404.0M |
| Debt / EquityLower = less leverage | 2.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.8M | $63.3M | ||
| Q3 25 | $113.4M | $65.1M | ||
| Q2 25 | $154.3M | $67.8M | ||
| Q1 25 | $200.9M | $75.6M | ||
| Q4 24 | $302.2M | $56.1M | ||
| Q3 24 | $263.8M | $62.8M | ||
| Q2 24 | $203.3M | $58.9M | ||
| Q1 24 | $221.5M | $61.4M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.6B | — |
| Q4 25 | $938.4M | $126.5M | ||
| Q3 25 | $976.4M | $157.7M | ||
| Q2 25 | $994.4M | $159.5M | ||
| Q1 25 | $1.0B | $147.4M | ||
| Q4 24 | $1.0B | $229.5M | ||
| Q3 24 | $1.1B | $234.3M | ||
| Q2 24 | $1.1B | $237.1M | ||
| Q1 24 | $1.2B | $230.9M |
| Q4 25 | $3.6B | $404.0M | ||
| Q3 25 | $3.3B | $414.2M | ||
| Q2 25 | $3.4B | $436.0M | ||
| Q1 25 | $3.6B | $439.8M | ||
| Q4 24 | $3.7B | $503.9M | ||
| Q3 24 | $3.8B | $505.3M | ||
| Q2 24 | $3.8B | $524.2M | ||
| Q1 24 | $3.9B | $555.7M |
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 2.28× | — | ||
| Q1 24 | 2.17× | — |
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 | $73.0M | $-3.2M |
| Free Cash FlowOCF − Capex | $55.1M | $-4.3M |
| FCF MarginFCF / Revenue | 66.2% | -4.2% |
| Capex IntensityCapex / Revenue | 21.6% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.0M | $-3.2M | ||
| Q3 25 | $29.9M | $1.2M | ||
| Q2 25 | $17.4M | $-3.6M | ||
| Q1 25 | $10.5M | $26.7M | ||
| Q4 24 | $103.4M | $-1.8M | ||
| Q3 24 | $31.3M | $264.0K | ||
| Q2 24 | $22.9M | $-2.9M | ||
| Q1 24 | $24.6M | $611.0K |
| Q4 25 | $55.1M | $-4.3M | ||
| Q3 25 | $27.4M | $524.0K | ||
| Q2 25 | $11.6M | $-4.2M | ||
| Q1 25 | $8.0M | $26.1M | ||
| Q4 24 | $97.3M | $-2.5M | ||
| Q3 24 | $28.3M | $-223.0K | ||
| Q2 24 | $22.7M | $-3.7M | ||
| Q1 24 | $22.2M | $-815.0K |
| Q4 25 | 66.2% | -4.2% | ||
| Q3 25 | 32.7% | 0.6% | ||
| Q2 25 | 13.4% | -3.8% | ||
| Q1 25 | 10.3% | 29.0% | ||
| Q4 24 | 116.6% | -2.3% | ||
| Q3 24 | 32.1% | -0.2% | ||
| Q2 24 | 24.9% | -3.1% | ||
| Q1 24 | 23.2% | -0.8% |
| Q4 25 | 21.6% | 1.1% | ||
| Q3 25 | 2.9% | 0.7% | ||
| Q2 25 | 6.8% | 0.5% | ||
| Q1 25 | 3.2% | 0.7% | ||
| Q4 24 | 7.3% | 0.6% | ||
| Q3 24 | 3.4% | 0.5% | ||
| Q2 24 | 0.1% | 0.7% | ||
| Q1 24 | 2.5% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 30.36× | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | 2.46× | — | ||
| Q2 24 | — | -0.46× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRSP
Segment breakdown not available.
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
