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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and Grindr Inc. (GRND). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $101.1M, roughly 1.2× FORRESTER RESEARCH, INC.). Grindr Inc. runs the higher net margin — 16.1% vs -33.5%, a 49.6% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs -6.5%). Grindr Inc. produced more free cash flow last quarter ($24.5M vs $-4.3M). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 0.5%).
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.
Grindr is a location-based social networking and online hookup application for LGBTQ people.
FORR vs GRND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $126.0M |
| Net Profit | $-33.9M | $20.3M |
| Gross Margin | 56.7% | — |
| Operating Margin | -36.6% | 24.9% |
| Net Margin | -33.5% | 16.1% |
| Revenue YoY | -6.5% | 29.0% |
| Net Profit YoY | -7941.4% | 116.4% |
| EPS (diluted) | $-1.75 | $0.10 |
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 | $101.1M | $126.0M | ||
| Q3 25 | $94.3M | $115.8M | ||
| Q2 25 | $111.7M | $104.2M | ||
| Q1 25 | $89.9M | $93.9M | ||
| Q4 24 | $108.0M | $97.6M | ||
| Q3 24 | $102.5M | $89.3M | ||
| Q2 24 | $121.8M | $82.3M | ||
| Q1 24 | $100.1M | $75.3M |
| Q4 25 | $-33.9M | $20.3M | ||
| Q3 25 | $-2.1M | $30.8M | ||
| Q2 25 | $3.9M | $16.6M | ||
| Q1 25 | $-87.3M | $27.0M | ||
| Q4 24 | $432.0K | $-123.9M | ||
| Q3 24 | $-5.8M | $24.7M | ||
| Q2 24 | $6.3M | $-22.4M | ||
| Q1 24 | $-6.7M | $-9.4M |
| 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% | 24.9% | ||
| Q3 25 | 4.7% | 39.1% | ||
| Q2 25 | 6.2% | 23.4% | ||
| Q1 25 | -97.5% | 27.0% | ||
| Q4 24 | -0.5% | 20.9% | ||
| Q3 24 | -0.7% | 31.8% | ||
| Q2 24 | 9.3% | 29.8% | ||
| Q1 24 | -9.3% | 25.6% |
| Q4 25 | -33.5% | 16.1% | ||
| Q3 25 | -2.3% | 26.6% | ||
| Q2 25 | 3.5% | 16.0% | ||
| Q1 25 | -97.1% | 28.8% | ||
| Q4 24 | 0.4% | -126.9% | ||
| Q3 24 | -5.7% | 27.6% | ||
| Q2 24 | 5.2% | -27.2% | ||
| Q1 24 | -6.7% | -12.5% |
| Q4 25 | $-1.75 | $0.10 | ||
| Q3 25 | $-0.11 | $0.16 | ||
| Q2 25 | $0.20 | $0.08 | ||
| Q1 25 | $-4.62 | $0.09 | ||
| Q4 24 | $0.02 | $-0.65 | ||
| Q3 24 | $-0.30 | $0.09 | ||
| Q2 24 | $0.33 | $-0.13 | ||
| Q1 24 | $-0.35 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $63.3M | $87.0M |
| Total DebtLower is stronger | — | $395.9M |
| Stockholders' EquityBook value | $126.5M | $47.0M |
| Total Assets | $404.0M | $531.0M |
| Debt / EquityLower = less leverage | — | 8.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $87.0M | ||
| Q3 25 | $65.1M | $6.3M | ||
| Q2 25 | $67.8M | $120.8M | ||
| Q1 25 | $75.6M | $255.9M | ||
| Q4 24 | $56.1M | $59.2M | ||
| Q3 24 | $62.8M | $39.1M | ||
| Q2 24 | $58.9M | $16.3M | ||
| Q1 24 | $61.4M | $21.5M |
| Q4 25 | — | $395.9M | ||
| Q3 25 | — | $279.9M | ||
| Q2 25 | — | $283.5M | ||
| Q1 25 | — | $287.0M | ||
| Q4 24 | — | $290.6M | ||
| Q3 24 | — | $294.1M | ||
| Q2 24 | — | $297.7M | ||
| Q1 24 | — | $315.0M |
| Q4 25 | $126.5M | $47.0M | ||
| Q3 25 | $157.7M | $71.0M | ||
| Q2 25 | $159.5M | $187.7M | ||
| Q1 25 | $147.4M | $319.8M | ||
| Q4 24 | $229.5M | $-131.6M | ||
| Q3 24 | $234.3M | $-13.4M | ||
| Q2 24 | $237.1M | $-41.7M | ||
| Q1 24 | $230.9M | $-22.0M |
| Q4 25 | $404.0M | $531.0M | ||
| Q3 25 | $414.2M | $439.2M | ||
| Q2 25 | $436.0M | $547.6M | ||
| Q1 25 | $439.8M | $679.4M | ||
| Q4 24 | $503.9M | $479.1M | ||
| Q3 24 | $505.3M | $456.3M | ||
| Q2 24 | $524.2M | $435.0M | ||
| Q1 24 | $555.7M | $437.7M |
| Q4 25 | — | 8.42× | ||
| Q3 25 | — | 3.94× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-3.2M | $24.8M |
| Free Cash FlowOCF − Capex | $-4.3M | $24.5M |
| FCF MarginFCF / Revenue | -4.2% | 19.5% |
| Capex IntensityCapex / Revenue | 1.1% | 0.2% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $18.1M | $140.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.2M | $24.8M | ||
| Q3 25 | $1.2M | $55.4M | ||
| Q2 25 | $-3.6M | $37.5M | ||
| Q1 25 | $26.7M | $23.8M | ||
| Q4 24 | $-1.8M | $29.5M | ||
| Q3 24 | $264.0K | $29.1M | ||
| Q2 24 | $-2.9M | $15.8M | ||
| Q1 24 | $611.0K | $20.4M |
| Q4 25 | $-4.3M | $24.5M | ||
| Q3 25 | $524.0K | $55.2M | ||
| Q2 25 | $-4.2M | $37.3M | ||
| Q1 25 | $26.1M | $23.7M | ||
| Q4 24 | $-2.5M | $29.3M | ||
| Q3 24 | $-223.0K | $28.8M | ||
| Q2 24 | $-3.7M | $15.7M | ||
| Q1 24 | $-815.0K | $20.3M |
| Q4 25 | -4.2% | 19.5% | ||
| Q3 25 | 0.6% | 47.7% | ||
| Q2 25 | -3.8% | 35.8% | ||
| Q1 25 | 29.0% | 25.2% | ||
| Q4 24 | -2.3% | 30.0% | ||
| Q3 24 | -0.2% | 32.2% | ||
| Q2 24 | -3.1% | 19.0% | ||
| Q1 24 | -0.8% | 26.9% |
| Q4 25 | 1.1% | 0.2% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 0.5% | 0.4% | ||
| Q2 24 | 0.7% | 0.2% | ||
| Q1 24 | 1.4% | 0.3% |
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | -0.93× | 2.25× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | -0.46× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
