Here are the 10-K annual reports from Forrester Research Inc (FORR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FORR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FORR filings page.
Forrester Research, Inc. reported weaker 2025 results as total revenue fell 8% to $396.9 million, with research down 7%, consulting down 9%, and events down 29%. Contract value, its key subscription metric, declined 6% to $292.4 million, and wallet retention slipped to 87%.
The company recorded large goodwill impairments of $83.9 million in Q1 and $26.8 million in Q4 tied to its Research unit, driving a net loss margin of 30.1%. Forrester cut headcount through several restructurings and plans to stop selling strategy consulting, expecting consulting revenue to drop in the low-20% range in 2026.
Despite challenges, Forrester generated $21.1 million of operating cash flow, ended 2025 with $127.7 million in cash and investments, and had $35.0 million drawn on its credit facility, which was later extended to March 2029. The firm is investing about $28.0 million to renovate its Cambridge headquarters, supported by a $17.2 million tenant allowance.