Forrester Resh Inc Financials
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).
FY2025 reveals an accounting-heavy earnings collapse while cash generation and low capital intensity kept the business operating.
The move to-$119M of net income while still producing$21M of operating cash flow shows FY2025’s damage was far more accounting-heavy than cash-heavy. With goodwill nearly cut in half and capex only$3.0M , the business still reached$18M of free cash flow, suggesting the balance-sheet reset did not require much cash outlay.
Gross margin held relatively steady even as sales shrank, so the deterioration in operating results came mostly below gross profit rather than from the direct cost structure. That pattern fits fixed overhead and other operating charges becoming too heavy for a smaller revenue base, not the core offering suddenly becoming uneconomic.
The balance sheet is less levered now because long-term debt fell to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Forrester Resh Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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.
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 18/100.
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.
Forrester Resh Inc's current ratio of 0.89 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Forrester Resh Inc has a free cash flow margin of 4.6%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.
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.
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.
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.
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
Earnings & Revenue
Forrester Resh Inc generated $396.9M in revenue in fiscal year 2025. This represents a decrease of 8.2% from the prior year.
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.
Forrester Resh Inc reported -$119.4M in net income in fiscal year 2025. This represents a decrease of 1976.9% from the prior year.
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
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.
Forrester Resh Inc held $63.3M in cash against $0 in long-term debt as of fiscal year 2025.
Forrester Resh Inc had 19M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $85.5M-15.4% | $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 |
| Cost of Revenue | $38.6M-11.7% | $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 |
| Gross Profit | $46.8M-18.3% | $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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $52.0M-10.1% | $57.9M+12.9% | $51.3M-7.9% | $55.7M+4.2% | $53.5M-13.5% | $61.8M+8.6% | $56.9M-0.9% | $57.4M |
| Operating Income | -$18.6M+49.6% | -$37.0M-930.0% | $4.5M-35.9% | $7.0M+107.9% | -$87.6M-15796.7% | -$551K+24.6% | -$731K-106.5% | $11.3M |
| Interest Expense | -$804K-22.9% | -$654K+4.4% | -$684K-1.3% | -$675K-1.2% | -$667K+6.8% | -$716K+7.0% | -$770K-0.9% | -$763K |
| Income Tax | $3.1M+216.7% | -$2.7M-708.5% | $437K-86.4% | $3.2M+411.0% | -$1.0M-308.9% | $493K-89.6% | $4.7M-10.4% | $5.3M |
| Net Income | -$21.8M+35.6% | -$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 |
| EPS (Diluted) | $-1.14 | N/A | $-0.11-155.0% | $0.20+104.3% | $-4.62 | N/A | $-0.30-190.9% | $0.33 |
FORR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $409.1M+1.2% | $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 |
| Current Assets | $218.4M+2.7% | $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 |
| Cash & Equivalents | $73.9M+16.7% | $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 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $40.9M-19.6% | $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 |
| Goodwill | $109.1M-9.4% | $120.4M-18.2% | $147.2M-0.1% | $147.4M+1.5% | $145.3M-36.3% | $228.0M-1.0% | $230.2M-5.2% | $242.9M |
| Total Liabilities | $303.0M+9.2% | $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 |
| Current Liabilities | $237.9M-0.9% | $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 |
| Long-Term Debt | $35.0M | $0-100.0% | $35.0M0.0% | $35.0M0.0% | $35.0M0.0% | $35.0M0.0% | $35.0M0.0% | $35.0M |
| Total Equity | $106.1M-16.2% | $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 |
| Retained Earnings | $30.7M-41.5% | $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 |
FORR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.6M+896.3% | -$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 |
| Capital Expenditures | $6.2M+482.5% | $1.1M+58.1% | $673K+11.8% | $602K-7.1% | $648K-1.4% | $657K+34.9% | $487K-41.3% | $830K |
| Free Cash Flow | $19.4M+553.2% | -$4.3M-916.0% | $524K+112.4% | -$4.2M-116.2% | $26.1M+1148.5% | -$2.5M-1015.2% | -$223K+94.0% | -$3.7M |
| Investing Cash Flow | -$14.1M-958.8% | $1.6M+271.3% | -$956K+84.8% | -$6.3M+25.9% | -$8.5M-3558.0% | $245K-96.7% | $7.5M+63.4% | $4.6M |
| Financing Cash Flow | $148K+175.9% | -$195K+90.8% | -$2.1M-337.9% | -$485K-306.4% | $235K+107.7% | -$3.1M+36.1% | -$4.8M-19.3% | -$4.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $133K-94.4% | $2.4M+5270.5% | $44K | $0-100.0% | $2.9M-40.9% | $5.0M+26.8% | $3.9M |
FORR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.8%-1.9pp | 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% |
| Operating Margin | -21.8%+14.8pp | -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% |
| Net Margin | -25.5%+8.0pp | -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% |
| Return on Equity | -20.6%+6.2pp | -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% |
| Return on Assets | -5.3%+3.0pp | -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% |
| Current Ratio | 0.92+0.0 | 0.89-0.2 | 1.06-0.0 | 1.09+0.1 | 0.98-0.0 | 0.990.0 | 0.98+0.1 | 0.91 |
| Debt-to-Equity | 0.33+0.3 | 0.00-0.2 | 0.220.0 | 0.22-0.0 | 0.24+0.1 | 0.150.0 | 0.150.0 | 0.15 |
| FCF Margin | 22.7%+26.9pp | -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% |
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
What is Forrester Resh Inc's annual revenue?
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.
How fast is Forrester Resh Inc's revenue growing?
Forrester Resh Inc (FORR) revenue declined by 8.2% year-over-year, from $432.5M to $396.9M in fiscal year 2025.
Is Forrester Resh Inc profitable?
No, Forrester Resh Inc (FORR) reported a net income of -$119.4M in fiscal year 2025, with a net profit margin of -30.1%.
What is Forrester Resh Inc's EBITDA?
Forrester Resh Inc (FORR) had EBITDA of -$98.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Forrester Resh Inc have?
As of fiscal year 2025, Forrester Resh Inc (FORR) had $63.3M in cash and equivalents against $0 in long-term debt.
What is Forrester Resh Inc's gross margin?
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.
What is Forrester Resh Inc's operating margin?
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.
What is Forrester Resh Inc's net profit margin?
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.
What is Forrester Resh Inc's return on equity (ROE)?
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.
What is Forrester Resh Inc's free cash flow?
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.
What is Forrester Resh Inc's operating cash flow?
Forrester Resh Inc (FORR) generated $21.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Forrester Resh Inc's total assets?
Forrester Resh Inc (FORR) had $404.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Forrester Resh Inc's capital expenditures?
Forrester Resh Inc (FORR) invested $3.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Forrester Resh Inc's current ratio?
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.
What is Forrester Resh Inc's debt-to-equity ratio?
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.
What is Forrester Resh Inc's return on assets (ROA)?
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.
What is Forrester Resh Inc's Piotroski F-Score?
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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Forrester Resh Inc's earnings high quality?
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.
Can Forrester Resh Inc cover its interest payments?
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.
How financially healthy is Forrester Resh Inc?
Forrester Resh Inc (FORR) scores 27 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.