FORRESTER RESEARCH, INC.

FORR

FORRESTER RESEARCH, INC.

FORR

Insider Sentiment (TTM):

Last Purchase:2021-08-26Last Sale:2024-08-05Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:10,278,110Shares Outstanding:19,071,000Institutional Ownership Pct.:53.89%

Earnings Market Reaction:

Filing Date:2026-08-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	60	74	63	65	68	76	56	63	59	61	73	102
Marketable Securities	71	72	64	67	67	59	49	52	52	57	52	10
Accounts Receivable Net Current	36	41	51	34	40	43	55	39	48	55	59	41
Capitalized Contract Cost Net	17	20	22	16	18	21	23	16	18	21	23	17
Prepaid Expense And Other Assets Current	38	12	12	12	21	20	18	24	17	24	9	16
Assets Current	222	218	213	194	214	218	201	194	193	219	216	185
Property Plant And Equipment Net	32	20	11	10	10	11	12	13	17	18	19	20
Operating Lease Right Of Use Asset	29	29	31	32	33	25	27	30	32	34	40	42
Goodwill	109	109	120	147	147	145	228	230	243	243	244	242
Finite Lived Intangible Assets Net	15	17	19	21	23	25	27	30	33	35	38	40
Other Assets Noncurrent	10	16	10	11	8	15	8	9	7	7	7	7
Assets	417	409	404	414	436	440	504	505	524	556	564	536
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	1	1	1	2	2	0	1	2	2	3	2	1
Accrued Liabilities Current	60	64	62	39	41	43	58	43	45	45	81	57
Long Term Debt Current	0	0	35	-	-	-	0	-	-	-	-	-
Contract With Customer Liability	147	173	142	141	155	181	145	153	164	194	157	158
Liabilities Current	209	238	240	182	197	224	204	198	212	241	240	216
Long Term Debt Noncurrent	35	35	0	35	35	35	35	35	35	35	35	35
Operating Lease Liability Noncurrent	29	27	30	32	35	22	25	28	31	34	38	41
Other Liabilities Noncurrent	2	3	8	8	9	12	11	10	9	14	11	12
Liabilities	295	303	278	257	276	292	274	271	287	325	324	303
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital Common Stock	309	307	304	302	298	295	292	289	285	281	278	274
Retained Earnings Accumulated Deficit	46	31	53	86	89	85	172	172	177	171	178	178
Treasury Stock Common Value	-231	-230	-230	-230	-227	-227	-227	-224	-219	-215	-211	-211
Accumulated Other Comprehensive Income Loss Net Of…	-3	-3	-1	-1	-0	-5	-8	-2	-7	-7	-5	-8
Stockholders Equity	122	106	127	158	160	147	230	234	237	231	240	233
Liabilities And Stockholders Equity	417	409	404	414	436	440	504	505	524	556	564	536
Allowance For Doubtful Accounts Receivable Current	0	0	0	0	0	0	0	1	1	1	1	1
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	1	1	1	1	1	1	1	1	1	1	1	1
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	125	125	125	125	125	125	125	125	125	125	125	125
Common Stock Shares Issued	26	26	26	26	25	25	25	25	25	25	25	25
Shares Outstanding	19	19	19	19	19	19	19	19	19	19	19	19
Treasury Stock Common Shares	7	7	7	7	6	6	6	6	6	6	5	5

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	2.62%	13.68%	29.11%	-	-	-	-	-	-	-	-	-
2025	2.10%	3.54%	4.59%	-6.44%	0.58%	-10.57%	-12.65%	7.38%	6.85%	-8.21%	6.20%	18.09%
2024	-0.82%	-7.37%	-0.33%	2.62%	-8.13%	-21.88%	6.22%	-3.26%	-6.71%	-5.80%	-1.64%	2.90%
2023	-	-	-	-5.51%	-10.97%	-22.49%	3.69%	12.41%	11.82%	5.58%	-8.08%	-11.66%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.06	0.92	0.89	1.06	1.09	0.98	0.99	0.98	0.91	0.91	0.90	0.86
Quick Ratio	0.88	0.87	0.84	1.00	0.98	0.89	0.90	0.86	0.83	0.81	0.86	0.78
Working Capital	13.25M	-19.51M	-27.38M	11.53M	16.97M	-5.19M	-2.61M	-4.13M	-18.17M	-22.53M	-24.08M	-30.76M
Leverage & Debt
Debt to Equity	2.42	2.86	2.19	1.63	1.73	1.98	1.20	1.16	1.21	1.41	1.35	1.30
Interest Coverage TTM	-18.90	-15.69	-42.23	-27.98	-28.97	-26.60	0.25	-0.05	1.84	0.86	2.21	1.70
Debt Ratio	0.71	0.74	0.69	0.62	0.63	0.66	0.54	0.54	0.55	0.58	0.57	0.57
Efficiency & Turnover
Asset Turnover TTM	0.89	0.92	0.87	0.88	0.86	0.85	0.81	0.85	0.83	0.81	0.82	0.89
Days Sales Outstanding TTM	36.57	39.13	48.90	32.88	38.95	42.34	48.31	33.07	37.83	44.39	50.24	33.47
Receivables Turnover TTM	9.98	9.33	7.46	11.10	9.37	8.62	7.55	11.04	9.65	8.22	7.27	10.91
Per Share Metrics
Diluted EPS TTM	-2.19	-2.83	-6.28	-4.45	-4.63	-4.57	-0.30	-0.36	0.08	0.02	0.16	0.11
Free Cash Flow Per Share TTM	0.16	0.60	0.95	1.04	1.00	1.04	-0.38	0.29	-0.08	0.24	0.84	0.32
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	57.01%	56.75%	56.99%	57.54%	57.31%	57.98%	57.79%	56.92%	56.68%	57.22%	57.47%	58.23%
Operating Profit Margin TTM	-12.54%	-11.27%	-28.52%	-19.00%	-19.88%	-18.37%	0.17%	-0.03%	1.24%	0.56%	1.41%	1.03%
Net Profit Margin TTM	-11.17%	-13.74%	-30.07%	-21.06%	-21.53%	-20.45%	-1.33%	-1.55%	0.32%	0.10%	0.63%	0.42%
Growth Metrics
Net Revenue Growth (1Y)	-7.54%	-7.06%	-8.23%	-8.73%	-9.11%	-9.61%	-10.05%	-11.42%	-11.76%	-11.26%	-10.60%	-6.55%
Net Income Growth (1Y)	-52.02%	-37.56%	1,976.91%	1,143.10%	-6,261.46%	-19,203.10%	-288.43%	-428.47%	-71.27%	-96.67%	-86.01%	-93.38%
EPS Growth (1Y)	-52.86%	-38.15%	1,985.32%	1,139.98%	-6,271.15%	-19,602.55%	-289.30%	-430.64%	-71.12%	-96.70%	-86.17%	-93.46%
Valuation Metrics
P/E TTM	-3.83	-2.00	-1.29	-2.38	-2.13	-2.02	-52.06	-50.18	226.46	919.88	168.62	266.26
P/B TTM	1.34	1.02	1.22	1.28	1.18	1.18	1.30	1.47	1.38	1.80	2.14	2.38
P/S TTM	0.43	0.28	0.39	0.50	0.46	0.41	0.69	0.78	0.72	0.89	1.07	1.11
Market Cap	163.18M	107.94M	154.42M	202.60M	188.72M	174.54M	299.20M	343.36M	326.11M	415.78M	514.30M	554.62M
Enterprise Value	138.66M	69.04M	126.08M	172.48M	155.96M	133.95M	278.12M	315.61M	302.26M	389.41M	476.39M	487.91M
Calculated Values
Free Cash Flow TTM	3.03M	11.40M	18.09M	19.88M	19.14M	19.63M	-7.26M	5.52M	-1.50M	4.71M	16.18M	6.07M
Net Debt	-24.52M	-38.90M	-28.34M	-30.12M	-32.77M	-40.59M	-21.09M	-27.75M	-23.85M	-26.38M	-37.91M	-66.71M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2024-08-05Sale

Owner: Facemire, Michael

Title: Chief Technology Officer

Shares: 719

Price/Share: $18.76

Value: $13,488.44

Shares Owned: 1

Relationship: Officer

Ownership: Direct

2024-08-05Sale

Owner: Darrah, Ryan

Title: Chief Legal Officer

Shares: 3,895

Price/Share: $18.26

Value: $71,122.70

Shares Owned: 19,640

Relationship: Officer

Ownership: Direct

2024-02-13Sale

Owner: Galford, Robert

Title: -

Shares: 13,000

Price/Share: $20.73

Value: $269,490.00

Shares Owned: 20,489

Relationship: Director

Ownership: Direct

2023-08-07Sale

Owner: Peltzman, Steven P.

Title: CBTO

Shares: 1,200

Price/Share: $32.05

Value: $38,460.00

Shares Owned: 17,081

Relationship: Officer

Ownership: Direct

2023-08-07Sale

Owner: Chouinard, Scott

Title: Chief Accounting Officer

Shares: 100

Price/Share: $31.78

Value: $3,178.00

Shares Owned: 5,337

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2024-08-05	Facemire, Michael	Officer	Chief Technology Officer	Direct	Sale	719	18.76	$13,488.44	1	4
2024-08-05	Darrah, Ryan	Officer	Chief Legal Officer	Direct	Sale	3,895	18.26	$71,122.70	19,640	4
2024-02-13	Galford, Robert	Director	-	Direct	Sale	13,000	20.73	$269,490.00	20,489	4
2023-08-07	Peltzman, Steven P.	Officer	CBTO	Direct	Sale	1,200	32.05	$38,460.00	17,081	4
2023-08-07	Chouinard, Scott	Officer	Chief Accounting Officer	Direct	Sale	100	31.78	$3,178.00	5,337	4
2023-08-03	Johnson, Carrie	Officer	Chief Product Officer	Direct	Sale	1,117	32.01	$35,755.17	8,811	4
2023-08-01	Darrah, Ryan	Officer	Chief Legal Officer	Direct	Sale	2,835	31.94	$90,549.90	16,055	4
2023-08-01	Johnson, Carrie	Officer	Chief Product Officer	Direct	Sale	3,890	32.20	$125,258.00	5,089	4
2023-05-16	Friscia, Anthony J	Director	-	Direct	Sale	1,850	25.54	$47,249.00	15,065	4
2023-03-07	Peltzman, Steven P.	Officer	CBTO	Direct	Sale	2,206	33.95	$74,893.70	15,091	4
2023-03-03	Chouinard, Scott	Officer	Chief Accounting Officer	Direct	Sale	200	34.00	$6,800.00	4,606	4
2023-02-13	Galford, Robert	Director	-	Direct	Sale	7,500	33.14	$248,550.00	29,353	4
2022-12-15	Lee, Alicia	Officer	Chief Consulting Officer	Direct	Sale	1,000	34.54	$34,540.00	5,407	4
2022-11-21	Johnson, Carrie	Officer	Chief Product Officer	Direct	Sale	2,000	34.75	$69,500.00	5,088	4
2022-11-10	Johnson, Carrie	Officer	Chief Product Officer	Direct	Sale	3,253	35.85	$116,620.05	7,088	4
2022-11-01	Johnson, Carrie	Officer	Chief Product Officer	Direct	Sale	223	42.40	$9,455.20	10,341	4
2022-08-12	Hippler, Kelley	Officer	Chief Sales Officer	Direct	Sale	8,250	45.02	$371,415.00	28,346	4
2022-08-04	Hippler, Kelley	Officer	Chief Sales Officer	Direct	Sale	500	45.00	$22,500.00	28,346	4
2022-08-01	Johnson, Carrie	Officer	Chief Product Officer	Direct	Sale	2,178	47.53	$103,520.34	9,553	4
2022-08-01	Chouinard, Scott	Officer	Chief Accounting Officer	Direct	Sale	500	47.28	$23,640.00	2,897	4
2022-05-27	Lee, Alicia	Officer	Chief Consulting Officer	Direct	Sale	1,428	52.00	$74,256.00	3,819	4
2022-05-10	Boyce, David	Director	-	Direct	Sale	2,000	50.53	$101,060.00	7,183	4
2021-11-22	Teichgraeber, Gretchen	Director	-	Direct	Sale	1,000	59.95	$59,950.00	12,275	4
2021-11-09	Darrah, Ryan	Officer	Chief Legal Officer	Direct	Sale	672	58.60	$39,379.20	14,528	4
2021-11-08	Johnson, Carrie	Officer	Chief Research Officer	Direct	Sale	1,531	58.10	$88,951.10	4,054	4
2021-11-08	Chouinard, Scott	Officer	Chief Accounting Officer	Direct	Sale	8,375	58.64	$491,110.00	3,647	4
2021-11-08	Teichgraeber, Gretchen	Director	-	Direct	Sale	2,000	58.62	$117,240.00	13,275	4
2021-11-08	Hippler, Kelley	Officer	Chief Sales Officer	Direct	Sale	5,125	58.68	$300,735.00	22,937	4
2021-09-03	Teichgraeber, Gretchen	Director	-	Direct	Sale	1,000	48.50	$48,500.00	15,275	4
2021-09-02	Teichgraeber, Gretchen	Director	-	Direct	Sale	500	48.00	$24,000.00	16,275	4
2021-08-31	Peltzman, Steven P.	Officer	CBTO	Direct	Sale	2,635	47.82	$126,005.70	13,789	4
2021-08-30	Darrah, Ryan	Officer	Chief Legal Officer	Direct	Sale	2,697	48.00	$129,456.00	14,945	4
2021-08-30	Boyce, David	Director	-	Direct	Sale	850	48.20	$40,970.00	9,183	4
2021-08-30	Teichgraeber, Gretchen	Director	-	Direct	Sale	500	48.08	$24,040.00	16,775	4
2021-08-27	Teichgraeber, Gretchen	Director	-	Direct	Sale	300	47.50	$14,250.00	17,275	4
2021-08-27	Johnson, Carrie	Officer	Chief Research Officer	Direct	Sale	3,915	47.50	$185,962.50	4,790	4
2021-08-26	Bradford, Neil	Director	-	Direct	Purchase	4,450	45.94	$204,433.00	18,786	4
2021-08-20	Teichgraeber, Gretchen	Director	-	Direct	Sale	300	46.00	$13,800.00	17,575	4
2021-08-06	Johnson, Carrie	Officer	Chief Research Officer	Direct	Sale	552	45.90	$25,336.80	6,955	4
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Institutional Ownership

No data available for chart

2026-03-31

53.89%

Inst. Shares: 10,278,110

Shares Outstanding: 19,071,000

2025-12-31

45.51%

Inst. Shares: 8,655,148

Shares Outstanding: 19,017,000

2025-09-30

44.35%

Inst. Shares: 8,477,109

Shares Outstanding: 19,113,000

2025-06-30

45.72%

Inst. Shares: 8,715,706

Shares Outstanding: 19,063,000

2025-03-31

47.15%

Inst. Shares: 8,906,640

Shares Outstanding: 18,890,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	10,278,110	19,071,000	53.89%
2025-12-31	8,655,148	19,017,000	45.51%
2025-09-30	8,477,109	19,113,000	44.35%
2025-06-30	8,715,706	19,063,000	45.72%
2025-03-31	8,906,640	18,890,000	47.15%
2024-12-31	9,362,102	19,094,000	49.03%
2024-09-30	9,613,341	19,065,000	50.42%
2024-06-30	9,989,469	19,093,000	52.32%
2024-03-31	9,325,666	19,285,000	48.36%
2023-12-31	9,801,595	19,183,000	51.10%
2023-09-30	9,736,229	19,191,000	50.73%
2023-06-30	9,861,268	19,193,000	51.38%
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FORRESTER RESEARCH, INC. (FORR) — SEC Financial Statements & Analysis

FORRESTER RESEARCH, INC. (FORR) is a services-engineering, accounting, research, management company, incorporated in DE. FORRESTER RESEARCH, INC. trades on Nasdaq as: FORR. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), FORRESTER RESEARCH, INC. reported a -7.54% year-over-year revenue growth, a Gross Profit Margin of 57.01% (TTM), a Debt-to-Equity ratio of 2.42x, a Price-to-Sales (P/S) ratio of 0.43x (TTM), a Price-to-Book (P/B) ratio of 1.34x (TTM), at a market cap of $163.18M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -7.54%
Gross Profit Margin TTM: 57.01%
Debt To Equity: 2.42x
P/S TTM: 0.43x
P/B TTM: 1.34x
Market Cap: $163.18M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is FORRESTER RESEARCH, INC. in?

FORRESTER RESEARCH, INC. (FORR) operates in the Services-Engineering, Accounting, Research, Management industry.

What is FORR's market cap?

FORRESTER RESEARCH, INC. (FORR) has a market capitalization of $163.18M as of 2026-06-30.

What exchange does FORR trade on?

FORRESTER RESEARCH, INC. (FORR) trades on the Nasdaq.

Where is FORRESTER RESEARCH, INC. incorporated?

FORRESTER RESEARCH, INC. is incorporated in DE.