Forrester Research, Inc. filings document operating results, governance matters, executive compensation, and material events for its research, consulting, and events business. Form 8-K disclosures frequently furnish quarterly or annual results under Item 2.02 and describe adjusted financial measures used in reporting the company’s operating performance.
The company’s regulatory record includes disclosures on amortization of acquisition-related intangible assets, investment gains and losses, credit loss expense, goodwill impairment, stock-based compensation, restructuring costs, and divestiture-related items. Proxy materials cover board matters, shareholder voting, executive compensation, equity awards, and pay-versus-performance information, while other 8-K filings report officer changes and compensatory arrangements.
FORRESTER RESEARCH, INC. director Neil Bradford reported a tax-related share disposition linked to restricted stock units. On March 1, 2026, 197 shares of common stock were withheld by the company at $5.98 per share to cover tax obligations upon RSU vesting. Bradford now holds 37,800 shares directly.
FORRESTER RESEARCH, INC. Chief Research Officer Sharyn Leaver reported equity compensation activity tied to restricted stock units. On March 1, 2026, she acquired 4,073 shares of common stock upon the vesting and conversion of previously granted restricted stock units awarded in 2022 and 2023.
On the same date, 1,373 common shares were disposed of through share withholding by the company to cover tax obligations related to that vesting at a price of $5.98 per share. After these transactions, she directly held 21,309 shares of Forrester common stock.
FORRESTER RESEARCH, INC. Chief Legal Officer Darrah Ryan reported the vesting of restricted stock units and related share withholding for taxes. On March 1, 2026, a total of 3,446 shares of common stock were acquired through the conversion of vested restricted stock units, consistent with prior grants made in March 2022 and March 2023. On the same date, 1,469 shares of common stock were withheld by the company at a price of $5.98 per share to satisfy tax withholding obligations tied to this vesting. After these transactions, Ryan directly owned 26,567 shares of Forrester common stock.
FORRESTER RESEARCH, INC. Chief Marketing Officer Andrew Cox reported routine equity activity tied to previously granted restricted stock units. On March 1, 2026, 190 restricted stock units vested and converted into 190 shares of common stock, consistent with a 2022 grant that vests in four equal annual installments.
To cover tax withholding on this vesting, 75 common shares were withheld by the company at a price of $5.98 per share. After these transactions, Cox directly owned 1,684 shares of Forrester common stock, reflecting the net result of the RSU conversion and tax-withholding disposition.
FORRESTER RESEARCH, INC. Chief Sales Officer Christophe Favre reported equity award and vesting activity. On March 1, 2026, he was granted 30,000 Restricted Stock Units, each equivalent to one share of common stock, which vest in four equal annual installments beginning on the first anniversary of the grant date.
On March 1, 2026, 408 Restricted Stock Units from a prior 1,633-unit grant dated March 1, 2022 vested and converted into 408 shares of common stock. To cover tax withholding obligations related to this vesting, 196 shares of common stock were withheld by the company at $5.98 per share. Following these transactions, Favre directly held 12,093 shares of common stock and 30,000 Restricted Stock Units.
Forrester Research, Inc. Chief Technology Officer Michael Facemire reported routine equity vesting and related tax withholding. On March 1, 2026, restricted stock units (RSUs) vested and converted into 288 shares of common stock, reflecting the conversion of previously granted RSUs.
To cover tax obligations on the vesting, 136 shares of common stock were withheld by Forrester at a price of $5.98 per share, characterized as a tax-withholding disposition. Following these transactions, Facemire directly owned 3,467 shares of Forrester common stock.
Forrester Research Chief Financial Officer Leo Christian Finn reported several equity transactions dated March 1, 2026. He acquired common stock through the vesting and conversion of restricted stock units, which the company notes convert into one share of common stock each.
The transactions include the exercise or conversion of restricted stock units into 6,266 shares of common stock, reflecting vesting from awards originally granted on March 1, 2022 and March 1, 2023 that vest in four equal annual installments. After these conversions, he directly owned 33,518 shares of common stock before tax withholding.
To satisfy tax withholding obligations arising from the vesting on March 1, 2026, 2,170 shares of common stock were withheld by Forrester Research at a price of $5.98 per share. Following this tax-withholding disposition, Finn directly held 31,348 shares of common stock.
Forrester Research discloses a Schedule 13G showing Portolan Capital Management, LLC beneficially owns 1,163,008 shares of Common Stock, representing 6.12% of the class as reported on 02/11/2026. The filing states these shares are held directly by Portolan in its capacity as investment manager for clients and indirectly by George McCabe, Manager of Portolan, who reports the same 1,163,008 share beneficial position.
The filing lists sole voting and sole dispositive power of 1,163,008 shares for both Portolan and Mr. McCabe. The statement notes no single third party holds more than 5% of the issuer's common stock.
Forrester Research reported weaker 2025 results, moving from a small prior-year loss to a much larger GAAP net loss of $119.4 million, or $6.28 per diluted share, on revenues of $396.9 million versus $432.5 million in 2024. The loss was driven largely by non-cash goodwill impairment charges totaling $110.7 million. Contract value, a key subscription metric, declined 6% to $292.4 million, and total clients fell to 1,797 from 1,942.
On an adjusted basis, Forrester remained profitable, with 2025 adjusted net income of $22.2 million, or $1.16 per diluted share, down from $28.1 million a year earlier. Cash, cash equivalents, and marketable investments increased to $127.7 million, and operating cash flow improved to $21.1 million. For 2026, the company guides GAAP revenues to $345.0–$360.0 million, implying a 9–13% decline, a small GAAP loss per share of $0.10–$0.20, and adjusted EPS of $0.72–$0.82 with an adjusted operating margin of 6.0–6.5%.
Forrester Research, Inc. is undertaking a cost-reduction plan that includes cutting approximately 8% of its workforce across multiple geographies and functions. Notifications to affected employees began on December 15, 2025 and are expected to be completed by July 31, 2026.
The company expects to record pre-tax expenses of about $10.0 million to $10.5 million from the fourth quarter of 2025 through the first three quarters of 2026, mainly for cash severance and related benefits. Forrester also plans to close certain smaller offices, with estimated total costs of roughly $0.4 million, primarily non-cash lease impairment charges, and expects around $3.0 million of contract termination costs tied to this restructuring.