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Forrester Resh Inc Financials

FORR
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Forrester Resh Inc (FORR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 28 / 100
Financial Profile 28/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
0

Forrester Resh Inc has an operating margin of -28.5%, meaning the company retains $-29 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 0.2% the prior year.

Growth
20

Forrester Resh Inc's revenue declined 8.2% year-over-year, from $432.5M to $396.9M. This contraction results in a growth score of 20/100.

Leverage
100

Forrester Resh Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
12

Forrester Resh Inc's current ratio of 0.89 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 12/100, which could limit financial flexibility.

Cash Flow
36

Forrester Resh Inc has a free cash flow margin of 4.6%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
0

Forrester Resh Inc generates a -94.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -2.5% the prior year.

Piotroski F-Score Neutral
4/9

Forrester Resh Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-0.18x

For every $1 of reported earnings, Forrester Resh Inc generates $-0.18 in operating cash flow ($21.1M OCF vs -$119.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-42.2x

Forrester Resh Inc earns $-42.2 in operating income for every $1 of interest expense (-$113.2M vs $2.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$396.9M
YoY-8.2%
5Y CAGR-2.4%
10Y CAGR+2.4%

Forrester Resh Inc generated $396.9M in revenue in fiscal year 2025. This represents a decrease of 8.2% from the prior year.

EBITDA
-$98.4M
YoY-648.2%

Forrester Resh Inc's EBITDA was -$98.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 648.2% from the prior year.

Net Income
-$119.4M
YoY-1976.9%

Forrester Resh Inc reported -$119.4M in net income in fiscal year 2025. This represents a decrease of 1976.9% from the prior year.

EPS (Diluted)
$-6.28
YoY-1993.3%

Forrester Resh Inc earned $-6.28 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1993.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$18.1M
YoY+349.2%
5Y CAGR-14.2%
10Y CAGR-4.9%

Forrester Resh Inc generated $18.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 349.2% from the prior year.

Cash & Debt
$63.3M
YoY+12.9%
5Y CAGR-6.8%
10Y CAGR+1.7%

Forrester Resh Inc held $63.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
19M
YoY+0.9%
5Y CAGR-0.0%
10Y CAGR+0.7%

Forrester Resh Inc had 19M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.

Margins & Returns

Gross Margin
57.0%
YoY-0.8pp
5Y CAGR-6.9pp
10Y CAGR-7.9pp

Forrester Resh Inc's gross margin was 57.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.

Operating Margin
-28.5%
YoY-28.7pp
5Y CAGR-24.9pp
10Y CAGR-34.5pp

Forrester Resh Inc's operating margin was -28.5% in fiscal year 2025, reflecting core business profitability. This is down 28.7 percentage points from the prior year.

Net Margin
-30.1%
YoY-28.7pp
5Y CAGR-32.3pp
10Y CAGR-33.9pp

Forrester Resh Inc's net profit margin was -30.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 28.7 percentage points from the prior year.

Return on Equity
-94.3%
YoY-91.8pp
5Y CAGR-99.7pp
10Y CAGR-103.8pp

Forrester Resh Inc's ROE was -94.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 91.8 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$2.5M
YoY-84.0%
10Y CAGR-19.0%

Forrester Resh Inc spent $2.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.0% from the prior year.

Capital Expenditures
$3.0M
YoY-12.1%
5Y CAGR-19.6%
10Y CAGR-2.7%

Forrester Resh Inc invested $3.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.1% from the prior year.

FORR Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $101.1M+7.2% $94.3M-15.6% $111.7M+24.2% $89.9M-16.8% $108.0M+5.4% $102.5M-15.8% $121.8M+21.7% $100.1M
Cost of Revenue $43.8M+16.0% $37.7M-24.1% $49.7M+25.4% $39.6M-11.0% $44.5M+5.5% $42.2M-17.6% $51.2M+14.5% $44.7M
Gross Profit $57.3M+1.3% $56.6M-8.7% $62.0M+23.3% $50.3M-20.9% $63.5M+5.3% $60.4M-14.6% $70.7M+27.6% $55.4M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $57.3M+11.8% $51.3M-7.9% $55.7M+3.1% $54.0M-12.5% $61.8M+8.6% $56.9M-0.9% $57.4M+1.4% $56.6M
Operating Income -$37.0M-930.0% $4.5M-35.9% $7.0M+107.9% -$87.6M-15796.7% -$551K+24.6% -$731K-106.5% $11.3M+221.8% -$9.3M
Interest Expense -$654K+4.4% -$684K-1.3% -$675K-1.2% -$667K+6.8% -$716K+7.0% -$770K-0.9% -$763K-0.1% -$762K
Income Tax -$2.7M-708.5% $437K-86.4% $3.2M+411.0% -$1.0M-308.9% $493K-89.6% $4.7M-10.4% $5.3M+350.3% -$2.1M
Net Income -$33.9M-1493.4% -$2.1M-154.3% $3.9M+104.5% -$87.3M-20301.9% $432K+107.5% -$5.8M-192.1% $6.3M+194.3% -$6.7M
EPS (Diluted) N/A $-0.11-155.0% $0.20+104.3% $-4.62 N/A $-0.30-190.9% $0.33+194.3% $-0.35

FORR Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $404.0M-2.4% $414.2M-5.0% $436.0M-0.9% $439.8M-12.7% $503.9M-0.3% $505.3M-3.6% $524.2M-5.7% $555.7M
Current Assets $212.7M+9.8% $193.6M-9.6% $214.2M-2.0% $218.5M+8.5% $201.4M+3.9% $193.9M+0.2% $193.4M-11.5% $218.6M
Cash & Equivalents $63.3M-2.7% $65.1M-3.9% $67.8M-10.4% $75.6M+34.8% $56.1M-10.6% $62.8M+6.6% $58.9M-4.1% $61.4M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $50.9M+51.4% $33.6M-16.5% $40.2M-7.0% $43.3M-22.1% $55.5M+41.7% $39.2M-17.9% $47.7M-12.8% $54.7M
Goodwill $120.4M-18.2% $147.2M-0.1% $147.4M+1.5% $145.3M-36.3% $228.0M-1.0% $230.2M-5.2% $242.9M0.0% $243.0M
Total Liabilities $277.5M+8.2% $256.5M-7.2% $276.5M-5.4% $292.4M+6.6% $274.3M+1.3% $270.9M-5.6% $287.1M-11.6% $324.7M
Current Liabilities $240.1M+31.8% $182.1M-7.7% $197.2M-11.8% $223.7M+9.7% $204.0M+3.0% $198.0M-6.4% $211.6M-12.2% $241.1M
Long-Term Debt $0-100.0% $35.0M0.0% $35.0M0.0% $35.0M0.0% $35.0M0.0% $35.0M0.0% $35.0M0.0% $35.0M
Total Equity $126.5M-19.8% $157.7M-1.2% $159.5M+8.2% $147.4M-35.8% $229.5M-2.0% $234.3M-1.1% $237.1M+2.7% $230.9M
Retained Earnings $52.6M-39.2% $86.4M-2.4% $88.6M+4.6% $84.7M-50.8% $171.9M+0.3% $171.5M-3.3% $177.3M+3.7% $171.0M

FORR Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow -$3.2M-368.3% $1.2M+133.0% -$3.6M-113.6% $26.7M+1560.3% -$1.8M-793.2% $264K+109.1% -$2.9M-575.6% $611K
Capital Expenditures $1.1M+58.1% $673K+11.8% $602K-7.1% $648K-1.4% $657K+34.9% $487K-41.3% $830K-41.8% $1.4M
Free Cash Flow -$4.3M-916.0% $524K+112.4% -$4.2M-116.2% $26.1M+1148.5% -$2.5M-1015.2% -$223K+94.0% -$3.7M-358.4% -$815K
Investing Cash Flow $1.6M+271.3% -$956K+84.8% -$6.3M+25.9% -$8.5M-3558.0% $245K-96.7% $7.5M+63.4% $4.6M+163.0% -$7.2M
Financing Cash Flow -$195K+90.8% -$2.1M-337.9% -$485K-306.4% $235K+107.7% -$3.1M+36.1% -$4.8M-19.3% -$4.0M+6.4% -$4.3M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $133K-94.4% $2.4M+5270.5% $44K $0-100.0% $2.9M-40.9% $5.0M+26.8% $3.9M-4.4% $4.1M

FORR Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 56.7%-3.3pp 60.0%+4.5pp 55.5%-0.4pp 55.9%-2.9pp 58.8%-0.1pp 58.9%+0.9pp 58.0%+2.7pp 55.3%
Operating Margin -36.6%-41.3pp 4.7%-1.5pp 6.2%+103.7pp -97.5%-97.0pp -0.5%+0.2pp -0.7%-10.0pp 9.3%+18.6pp -9.3%
Net Margin -33.5%-31.3pp -2.3%-5.8pp 3.5%+100.6pp -97.1%-97.5pp 0.4%+6.1pp -5.7%-10.8pp 5.2%+11.8pp -6.7%
Return on Equity -26.8%-25.4pp -1.4%-3.8pp 2.5%+61.6pp -59.2%-59.4pp 0.2%+2.7pp -2.5%-5.1pp 2.6%+5.5pp -2.9%
Return on Assets -8.4%-7.9pp -0.5%-1.4pp 0.9%+20.7pp -19.8%-19.9pp 0.1%+1.2pp -1.1%-2.4pp 1.2%+2.4pp -1.2%
Current Ratio 0.89-0.2 1.06-0.0 1.09+0.1 0.98-0.0 0.990.0 0.98+0.1 0.910.0 0.91
Debt-to-Equity 0.00-0.2 0.220.0 0.22-0.0 0.24+0.1 0.150.0 0.150.0 0.150.0 0.15
FCF Margin -4.2%-4.8pp 0.6%+4.4pp -3.8%-32.8pp 29.0%+31.3pp -2.3%-2.1pp -0.2%+2.9pp -3.1%-2.3pp -0.8%

Note: The current ratio is below 1.0 (0.89), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Forrester Resh Inc (FORR) reported $396.9M in total revenue for fiscal year 2025. This represents a -8.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Forrester Resh Inc (FORR) revenue declined by 8.2% year-over-year, from $432.5M to $396.9M in fiscal year 2025.

No, Forrester Resh Inc (FORR) reported a net income of -$119.4M in fiscal year 2025, with a net profit margin of -30.1%.

Forrester Resh Inc (FORR) reported diluted earnings per share of $-6.28 for fiscal year 2025. This represents a -1993.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Forrester Resh Inc (FORR) had EBITDA of -$98.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Forrester Resh Inc (FORR) had $63.3M in cash and equivalents against $0 in long-term debt.

Forrester Resh Inc (FORR) had a gross margin of 57.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Forrester Resh Inc (FORR) had an operating margin of -28.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Forrester Resh Inc (FORR) had a net profit margin of -30.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Forrester Resh Inc (FORR) has a return on equity of -94.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Forrester Resh Inc (FORR) generated $18.1M in free cash flow during fiscal year 2025. This represents a 349.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Forrester Resh Inc (FORR) generated $21.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Forrester Resh Inc (FORR) had $404.0M in total assets as of fiscal year 2025, including both current and long-term assets.

Forrester Resh Inc (FORR) invested $3.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Forrester Resh Inc (FORR) spent $2.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Forrester Resh Inc (FORR) had 19M shares outstanding as of fiscal year 2025.

Forrester Resh Inc (FORR) had a current ratio of 0.89 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Forrester Resh Inc (FORR) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Forrester Resh Inc (FORR) had a return on assets of -29.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Forrester Resh Inc (FORR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Forrester Resh Inc (FORR) has an earnings quality ratio of -0.18x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Forrester Resh Inc (FORR) has an interest coverage ratio of -42.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Forrester Resh Inc (FORR) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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