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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $85.1M, roughly 1.2× VINCE HOLDING CORP.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -33.5%, a 36.7% gap on every dollar of revenue. On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs -6.5%). FORRESTER RESEARCH, INC. produced more free cash flow last quarter ($-4.3M vs $-5.7M). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% 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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
FORR vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $85.1M |
| Net Profit | $-33.9M | $2.7M |
| Gross Margin | 56.7% | 49.2% |
| Operating Margin | -36.6% | 6.4% |
| Net Margin | -33.5% | 3.2% |
| Revenue YoY | -6.5% | 6.2% |
| Net Profit YoY | -7941.4% | -37.3% |
| EPS (diluted) | $-1.75 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $94.3M | $73.2M | ||
| Q2 25 | $111.7M | $57.9M | ||
| Q1 25 | $89.9M | $80.0M | ||
| Q4 24 | $108.0M | $80.2M | ||
| Q3 24 | $102.5M | $74.2M | ||
| Q2 24 | $121.8M | $59.2M | ||
| Q1 24 | $100.1M | $75.3M |
| Q4 25 | $-33.9M | $2.7M | ||
| Q3 25 | $-2.1M | $12.1M | ||
| Q2 25 | $3.9M | $-4.8M | ||
| Q1 25 | $-87.3M | $-28.3M | ||
| Q4 24 | $432.0K | $4.3M | ||
| Q3 24 | $-5.8M | $569.0K | ||
| Q2 24 | $6.3M | $4.4M | ||
| Q1 24 | $-6.7M | $-4.7M |
| Q4 25 | 56.7% | 49.2% | ||
| Q3 25 | 60.0% | 50.4% | ||
| Q2 25 | 55.5% | 50.3% | ||
| Q1 25 | 55.9% | 50.1% | ||
| Q4 24 | 58.8% | 50.0% | ||
| Q3 24 | 60.5% | 47.4% | ||
| Q2 24 | 57.3% | 50.6% | ||
| Q1 24 | 54.9% | 45.4% |
| Q4 25 | -36.6% | 6.4% | ||
| Q3 25 | 4.7% | 15.2% | ||
| Q2 25 | 6.2% | -7.7% | ||
| Q1 25 | -97.5% | -37.1% | ||
| Q4 24 | -0.5% | 7.2% | ||
| Q3 24 | -0.7% | 1.5% | ||
| Q2 24 | 9.3% | 9.5% | ||
| Q1 24 | -9.3% | -2.2% |
| Q4 25 | -33.5% | 3.2% | ||
| Q3 25 | -2.3% | 16.5% | ||
| Q2 25 | 3.5% | -8.3% | ||
| Q1 25 | -97.1% | -35.5% | ||
| Q4 24 | 0.4% | 5.4% | ||
| Q3 24 | -5.7% | 0.8% | ||
| Q2 24 | 5.2% | 7.4% | ||
| Q1 24 | -6.7% | -6.2% |
| Q4 25 | $-1.75 | $0.21 | ||
| Q3 25 | $-0.11 | $0.93 | ||
| Q2 25 | $0.20 | $-0.37 | ||
| Q1 25 | $-4.62 | $-2.25 | ||
| Q4 24 | $0.02 | $0.34 | ||
| Q3 24 | $-0.30 | $0.05 | ||
| Q2 24 | $0.33 | $0.35 | ||
| Q1 24 | $-0.35 | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $126.5M | $53.4M |
| Total Assets | $404.0M | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $1.1M | ||
| Q3 25 | $65.1M | $777.0K | ||
| Q2 25 | $67.8M | $2.6M | ||
| Q1 25 | $75.6M | $607.0K | ||
| Q4 24 | $56.1M | $892.0K | ||
| Q3 24 | $62.8M | $711.0K | ||
| Q2 24 | $58.9M | $739.0K | ||
| Q1 24 | $61.4M | $357.0K |
| Q4 25 | $126.5M | $53.4M | ||
| Q3 25 | $157.7M | $49.3M | ||
| Q2 25 | $159.5M | $37.2M | ||
| Q1 25 | $147.4M | $41.8M | ||
| Q4 24 | $229.5M | $57.1M | ||
| Q3 24 | $234.3M | $52.4M | ||
| Q2 24 | $237.1M | $51.7M | ||
| Q1 24 | $230.9M | $47.2M |
| Q4 25 | $404.0M | $246.0M | ||
| Q3 25 | $414.2M | $239.0M | ||
| Q2 25 | $436.0M | $218.0M | ||
| Q1 25 | $439.8M | $222.7M | ||
| Q4 24 | $503.9M | $254.7M | ||
| Q3 24 | $505.3M | $253.6M | ||
| Q2 24 | $524.2M | $223.1M | ||
| Q1 24 | $555.7M | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | $-4.3M | $-5.7M |
| FCF MarginFCF / Revenue | -4.2% | -6.7% |
| Capex IntensityCapex / Revenue | 1.1% | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $18.1M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.2M | $-5.1M | ||
| Q3 25 | $1.2M | $4.2M | ||
| Q2 25 | $-3.6M | $-11.8M | ||
| Q1 25 | $26.7M | $22.7M | ||
| Q4 24 | $-1.8M | $6.4M | ||
| Q3 24 | $264.0K | $-3.2M | ||
| Q2 24 | $-2.9M | $-3.9M | ||
| Q1 24 | $611.0K | $14.8M |
| Q4 25 | $-4.3M | $-5.7M | ||
| Q3 25 | $524.0K | $2.1M | ||
| Q2 25 | $-4.2M | $-13.2M | ||
| Q1 25 | $26.1M | $21.2M | ||
| Q4 24 | $-2.5M | $5.1M | ||
| Q3 24 | $-223.0K | $-3.9M | ||
| Q2 24 | $-3.7M | $-4.6M | ||
| Q1 24 | $-815.0K | $14.2M |
| Q4 25 | -4.2% | -6.7% | ||
| Q3 25 | 0.6% | 2.9% | ||
| Q2 25 | -3.8% | -22.9% | ||
| Q1 25 | 29.0% | 26.5% | ||
| Q4 24 | -2.3% | 6.4% | ||
| Q3 24 | -0.2% | -5.2% | ||
| Q2 24 | -3.1% | -7.8% | ||
| Q1 24 | -0.8% | 18.9% |
| Q4 25 | 1.1% | 0.7% | ||
| Q3 25 | 0.7% | 2.9% | ||
| Q2 25 | 0.5% | 2.5% | ||
| Q1 25 | 0.7% | 1.9% | ||
| Q4 24 | 0.6% | 1.6% | ||
| Q3 24 | 0.5% | 0.9% | ||
| Q2 24 | 0.7% | 1.3% | ||
| Q1 24 | 1.4% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | -0.93× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | -0.46× | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
