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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $66.0M, roughly 1.5× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs -33.5%, a 72.9% gap on every dollar of revenue. SOLENO THERAPEUTICS INC produced more free cash flow last quarter ($43.5M vs $-4.3M).

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.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

FORR vs SLNO — Head-to-Head

Bigger by revenue
FORR
FORR
1.5× larger
FORR
$101.1M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
72.9% more per $
SLNO
39.4%
-33.5%
FORR
More free cash flow
SLNO
SLNO
$47.7M more FCF
SLNO
$43.5M
$-4.3M
FORR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FORR
FORR
SLNO
SLNO
Revenue
$101.1M
$66.0M
Net Profit
$-33.9M
$26.0M
Gross Margin
56.7%
98.3%
Operating Margin
-36.6%
33.5%
Net Margin
-33.5%
39.4%
Revenue YoY
-6.5%
Net Profit YoY
-7941.4%
134.0%
EPS (diluted)
$-1.75
$0.47

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.

Revenue
FORR
FORR
SLNO
SLNO
Q4 25
$101.1M
Q3 25
$94.3M
$66.0M
Q2 25
$111.7M
$32.7M
Q1 25
$89.9M
Q4 24
$108.0M
Q3 24
$102.5M
Q2 24
$121.8M
Q1 24
$100.1M
Net Profit
FORR
FORR
SLNO
SLNO
Q4 25
$-33.9M
Q3 25
$-2.1M
$26.0M
Q2 25
$3.9M
$-4.7M
Q1 25
$-87.3M
Q4 24
$432.0K
Q3 24
$-5.8M
Q2 24
$6.3M
Q1 24
$-6.7M
Gross Margin
FORR
FORR
SLNO
SLNO
Q4 25
56.7%
Q3 25
60.0%
98.3%
Q2 25
55.5%
97.9%
Q1 25
55.9%
Q4 24
58.8%
Q3 24
60.5%
Q2 24
57.3%
Q1 24
54.9%
Operating Margin
FORR
FORR
SLNO
SLNO
Q4 25
-36.6%
Q3 25
4.7%
33.5%
Q2 25
6.2%
-20.0%
Q1 25
-97.5%
Q4 24
-0.5%
Q3 24
-0.7%
Q2 24
9.3%
Q1 24
-9.3%
Net Margin
FORR
FORR
SLNO
SLNO
Q4 25
-33.5%
Q3 25
-2.3%
39.4%
Q2 25
3.5%
-14.4%
Q1 25
-97.1%
Q4 24
0.4%
Q3 24
-5.7%
Q2 24
5.2%
Q1 24
-6.7%
EPS (diluted)
FORR
FORR
SLNO
SLNO
Q4 25
$-1.75
Q3 25
$-0.11
$0.47
Q2 25
$0.20
$-0.09
Q1 25
$-4.62
Q4 24
$0.02
Q3 24
$-0.30
Q2 24
$0.33
Q1 24
$-0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FORR
FORR
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$63.3M
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$126.5M
$494.8M
Total Assets
$404.0M
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORR
FORR
SLNO
SLNO
Q4 25
$63.3M
Q3 25
$65.1M
$498.9M
Q2 25
$67.8M
$286.8M
Q1 25
$75.6M
Q4 24
$56.1M
Q3 24
$62.8M
Q2 24
$58.9M
Q1 24
$61.4M
Stockholders' Equity
FORR
FORR
SLNO
SLNO
Q4 25
$126.5M
Q3 25
$157.7M
$494.8M
Q2 25
$159.5M
$240.1M
Q1 25
$147.4M
Q4 24
$229.5M
Q3 24
$234.3M
Q2 24
$237.1M
Q1 24
$230.9M
Total Assets
FORR
FORR
SLNO
SLNO
Q4 25
$404.0M
Q3 25
$414.2M
$599.9M
Q2 25
$436.0M
$332.3M
Q1 25
$439.8M
Q4 24
$503.9M
Q3 24
$505.3M
Q2 24
$524.2M
Q1 24
$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
FORR
FORR
SLNO
SLNO
Operating Cash FlowLast quarter
$-3.2M
$43.5M
Free Cash FlowOCF − Capex
$-4.3M
$43.5M
FCF MarginFCF / Revenue
-4.2%
65.8%
Capex IntensityCapex / Revenue
1.1%
0.0%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters
$18.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORR
FORR
SLNO
SLNO
Q4 25
$-3.2M
Q3 25
$1.2M
$43.5M
Q2 25
$-3.6M
$-12.6M
Q1 25
$26.7M
Q4 24
$-1.8M
Q3 24
$264.0K
Q2 24
$-2.9M
Q1 24
$611.0K
Free Cash Flow
FORR
FORR
SLNO
SLNO
Q4 25
$-4.3M
Q3 25
$524.0K
$43.5M
Q2 25
$-4.2M
$-12.6M
Q1 25
$26.1M
Q4 24
$-2.5M
Q3 24
$-223.0K
Q2 24
$-3.7M
Q1 24
$-815.0K
FCF Margin
FORR
FORR
SLNO
SLNO
Q4 25
-4.2%
Q3 25
0.6%
65.8%
Q2 25
-3.8%
-38.6%
Q1 25
29.0%
Q4 24
-2.3%
Q3 24
-0.2%
Q2 24
-3.1%
Q1 24
-0.8%
Capex Intensity
FORR
FORR
SLNO
SLNO
Q4 25
1.1%
Q3 25
0.7%
0.0%
Q2 25
0.5%
0.0%
Q1 25
0.7%
Q4 24
0.6%
Q3 24
0.5%
Q2 24
0.7%
Q1 24
1.4%
Cash Conversion
FORR
FORR
SLNO
SLNO
Q4 25
Q3 25
1.67×
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

FORR
FORR

Research Segment$82.2M81%
Consulting Segment$16.2M16%
Billable Expenses$1.5M2%
Professional Services$1.4M1%

SLNO
SLNO

Segment breakdown not available.

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