Forrester Research Inc (FORR) financials
Forrester Research revenue and earnings by year
Forrester Research's revenue was $397 million in the fiscal year to December 31, 2025, down 8.2% from the year before. Net income was -$119 million, -30.1% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 397 | 432 | 481 | 538 | 494 | 449 | 462 | 358 | 338 | 326 |
| Revenue growth | -8.2% | -10.0% | -10.6% | 8.8% | 10.1% | -2.8% | 29.1% | 5.9% | 3.6% | — |
| Gross profit | 226 | 250 | 276 | 314 | 293 | 268 | 265 | 211 | 201 | 198 |
| Gross margin | 57.0% | 57.8% | 57.5% | 58.4% | 59.2% | 59.7% | 57.4% | 59.0% | 59.5% | 60.7% |
| Operating income | -113 | 1 | 7 | 33 | 39 | 16 | -1 | 22 | 28 | 31 |
| Operating margin | -28.5% | 0.2% | 1.4% | 6.1% | 7.8% | 3.6% | -0.2% | 6.3% | 8.2% | 9.4% |
| Net income | -119 | -6 | 3 | 22 | 25 | 10 | -10 | 15 | 15 | 18 |
| Net margin | -30.1% | -1.3% | 0.6% | 4.1% | 5.0% | 2.2% | -2.1% | 4.3% | 4.5% | 5.4% |
| Diluted EPS | -$6.28 | -$0.30 | $0.16 | $1.14 | $1.28 | $0.53 | -$0.54 | $0.83 | $0.83 | $0.96 |
| Free cash flow | 18 | -7 | 16 | 34 | 96 | 39 | 37 | 33 | 30 | 40 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open FORR in Markets.
How Forrester Research makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Research | $77.5M | 77.3% |
| Consulting | $14.3M | 14.3% |
| Events | $8.48M | 8.5% |
See also: FORR valuation and P/E history · FORR returns
No forecast, no recommendation. This page describes Forrester Research Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.