Stocks Industrials FORR
NASDAQ · IndustrialsForrester Research, Inc. (FORR)
Forrester Research, Inc. brought in $372.9M of revenue over the twelve months to September 30, 2026, down 7.7% from a year earlier. It posted a net loss of $44.9M. Operating cash flow minus capital spending left $18.1M of free cash flow in fiscal 2025. At September 30, 2026 it held $54.1M in cash against $30M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Forrester Research, Inc.
- Net worth
- Forrester Research, Inc. has a market value (market cap) of $169.4M at the latest share price, and shareholders' equity of $109.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $396.9M (-8.2% year on year), with a net loss of $119.4M. Over the 12 months to September 30, 2026: revenue $372.9M, net loss $44.9M.
- Cash flow
- In fiscal 2025 operations brought in $21.1M of cash; after $3M of capital spending, free cash flow was $18.1M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Forrester Research, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Forrester Research, Inc. declared dividends of $0.80 per share in fiscal 2018.
What Forrester Research, Inc. does
Forrester Research, Inc. is registered with the SEC under industry code SIC 8700 (Services-Engineering, Accounting, Research, Management). Its shares trade on NASDAQ under the ticker FORR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $396.9M | -$119.4M | -$6.28 | $18.1M |
| 2024 | $432.5M | -$5.7M | -$0.30 | -$7.3M |
| 2023 | $480.8M | $3.1M | $0.16 | $16.2M |
| 2022 | $537.8M | $21.8M | $1.14 | $33.8M |
| 2021 | $494.3M | $24.8M | $1.28 | $96.3M |
| 2020 | $449M | $10M | $0.53 | $38.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FORR ranks in Industrials
Dividends
Forrester Research, Inc. declared $0.80 per share in fiscal 2018. It paid out $14.5M in cash dividends, 94% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2018 | $0.80 | $14.5M | 94% |
| 2017 | $0.76 | $13.6M | 90% |
| 2016 | $0.72 | $13M | 74% |
| 2015 | $0.68 | $12.2M | n/a |
| 2014 | $0.64 | $12M | n/a |
| 2013 | $0.60 | $12.4M | n/a |
Latest SEC filings
What Forrester Research, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 8.7% to $86.1M versus the same quarter last year; diluted EPS -$0.23 versus -$0.11.
- October 29, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 10% to $100.2M versus the same quarter last year; diluted EPS $0.78 versus $0.20.
- July 30, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 13, 2026
- May 8, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 4.9% to $85.5M versus the same quarter last year; diluted EPS -$1.14 versus -$4.62.
- May 6, 2026
- March 31, 2026
What is FORR worth? A DCF from its reported cash flow
Insider trades
What the people running Forrester Research, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $198.9K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 1, 2026 | Favre ChristopheChief Sales Officer | Exercised options | 552 | - |
| September 1, 2026 | Favre ChristopheChief Sales Officer | Shares withheld for tax | 257 | $3.1K |
| August 20, 2026 | Finn Leo ChristianChief Financial Officer | Sold | 7,000 | $82.4K |
| August 20, 2026 | Darrah RyanChief Legal Officer | Sold | 5,000 | $58.9K |
| August 13, 2026 | Johnson CarrieChief Product Officer | Sold | 5,000 | $57.6K |
| August 1, 2026 | Cox AndrewChief Marketing Officer | Exercised options | 308 | - |
| August 1, 2026 | Cox AndrewChief Marketing Officer | Shares withheld for tax | 106 | $1.2K |
| August 1, 2026 | Facemire MichaelChief Technology Officer | Exercised options | 2,605 | - |
Who owns FORR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| George F. Colony13G, passive | 38.7% | July 1, 2025 |
| Portolan Capital Management, LLC13G, passive with 1 related filers | 7.94% | May 15, 2026 |
| Royce & Associates LP13G, passive | 5.88% | July 22, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 99 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Portolan Capital Management, LLC | 1,623,925 | +82,649 |
| Nantahala Capital Management, LLC | 1,526,892 | +832,470 |
| First Manhattan Co. LLC. | 750,000 | 0 |
| Pacific Ridge Capital Partners, LLC | 705,344 | -5,503 |
| Vanguard Capital Management LLC | 500,395 | +13,473 |
| Renaissance Technologies LLC | 418,206 | -18,500 |
| Hotchkis & Wiley Capital Management LLC | 366,689 | -16,900 |
| Aqr Capital Management LLC | 357,665 | +171,743 |
| Quantinno Capital Management LP | 289,195 | +65,110 |
| BlackRock, Inc. | 270,105 | -637,272 |
| Ancora Advisors LLC | 269,891 | new |
| ArrowMark Colorado Holdings LLC | 231,808 | -241,144 |
| Dimensional Fund Advisors LP | 211,963 | -54,426 |
| Sei Investments Co | 200,406 | -84,018 |
| Russell Investments Group, Ltd. | 199,012 | +194,285 |
| Geode Capital Management, LLC | 169,088 | -147,700 |
| Jane Street Group, LLC | 168,333 | +81,991 |
| Morgan Stanley | 163,788 | +61,715 |
| Two Sigma Investments, LP | 132,202 | +30,601 |
| Nierenberg Investment Management Company, LLC | 131,110 | 0 |
Insiders
14 insiders reported holding 346,861 shares in total, about $3.1M at the last price.
| Holder | Shares |
|---|---|
| Bradford NeilDirector | 45,602 |
| Friscia Anthony JDirector | 41,938 |
| Johnson CarrieChief Product Officer | 35,409 |
| Finn Leo ChristianChief Financial Officer | 34,476 |
| Romine Warren NDirector | 29,702 |
| Leaver SharynChief Research Officer | 28,804 |
| Bennett Robert PaulDirector | 27,305 |
| Darrah RyanChief Legal Officer | 27,244 |
| Munchbach CoryDirector | 22,737 |
| Chouinard ScottChief Accounting Officer | 15,264 |
Questions about FORR
What does Forrester Research, Inc. do?
Forrester Research, Inc. is a company in the Industrials sector, listed on NASDAQ as FORR. Its shares trade on NASDAQ under the ticker FORR.
What is Forrester Research, Inc.'s net worth?
Forrester Research, Inc. has a market value (market cap) of $169.4M at the latest share price, and shareholders' equity of $109.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Forrester Research, Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $44.9M on revenue of $372.9M.
How much revenue does Forrester Research, Inc. make?
Over the twelve months to September 30, 2026 Forrester Research, Inc. reported revenue of $372.9M. That is 7.7% less than a year earlier.
When did Forrester Research, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is Forrester Research, Inc.'s next earnings report?
Forrester Research, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Forrester Research, Inc. pay a dividend?
Yes. Forrester Research, Inc. declared dividends of $0.80 per share in fiscal 2018.
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Where the numbers come from
Financial figures are the values Forrester Research, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.