15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $397M | -$119M | 57.0% | -28.5% | -94.3% | -29.5% | $18M | $35M | $63M |
| 2024 | $432M | -$6M | 57.8% | 0.2% | -2.5% | -1.1% | -$7M | $35M | $56M |
| 2023 | $481M | $3M | 57.5% | 1.4% | 1.3% | 0.5% | $16M | $35M | $73M |
| 2022 | $538M | $22M | 58.4% | 6.1% | 9.8% | 3.6% | $34M | $50M | $104M |
| 2021 | $494M | $25M | 59.2% | 7.8% | 12.2% | 3.7% | $96M | $75M | $116M |
| 2020 | $449M | $10M | 0.0% | -3.6% | 5.4% | 1.6% | $39M | $108M | $90M |
| 2019 | $462M | -$10M | 60.5% | 0.2% | -6.1% | -1.5% | $37M | $131M | $68M |
| 2018 | $358M | $15M | 64.1% | 6.3% | 10.1% | 4.4% | $33M | — | $140M |
| 2017 | $338M | $15M | 64.8% | 8.2% | 10.7% | 4.4% | $30M | — | $80M |
| 2016 | $326M | $18M | 65.6% | 9.4% | 11.8% | 5.3% | $40M | — | $77M |
| 2015 | — | $12M | — | — | 9.4% | 3.8% | — | — | $53M |
| 2014 | — | $11M | — | — | 7.7% | 3.3% | — | — | $50M |
| 2013 | — | $13M | — | — | 6.4% | 3.2% | $28M | — | $74M |
| 2012 | — | $26M | — | — | 8.8% | 5.4% | $48M | — | $99M |
| 2011 | — | $22M | — | — | 7.6% | 4.5% | $16M | — | $81M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $100M | $15M | 56.4% | 3.4% | 12.5% | 3.7% | -$13M | $35M | $60M |
| Mar '26 | $85M | -$22M | 54.8% | -21.8% | -20.6% | -5.3% | $19M | $35M | $74M |
| Dec '25 | $101M | -$34M | 56.7% | -36.6% | -26.8% | -8.4% | -$4M | $35M | $63M |
| Sep '25 | $94M | -$2M | 60.0% | 4.7% | -1.3% | -0.5% | $524000 | $35M | $65M |
| Jun '25 | $112M | $4M | 55.5% | 6.2% | 2.5% | 0.9% | -$4M | $35M | $68M |
| Mar '25 | $90M | -$87M | 55.9% | -97.5% | -59.2% | -19.8% | $26M | $35M | $76M |
| Dec '24 | $108M | $432000 | 58.8% | -0.5% | 0.2% | 0.1% | -$2M | $35M | $56M |
| Sep '24 | $103M | -$6M | 58.9% | -0.7% | -2.5% | -1.1% | -$223000 | $35M | $63M |
| Jun '24 | $122M | $6M | 58.0% | 9.3% | 2.7% | 1.2% | -$4M | $35M | $59M |
| Mar '24 | $100M | -$7M | 55.3% | -9.3% | -2.9% | -1.2% | -$815000 | $35M | $61M |
| Dec '23 | $118M | -$663000 | 55.5% | -1.2% | -0.3% | -0.1% | $10M | $35M | $73M |
| Sep '23 | $113M | $2M | 57.7% | 4.5% | 1.1% | 0.5% | -$7M | $35M | $102M |
| Jun '23 | $136M | $5M | 59.7% | 6.1% | 2.3% | 0.9% | $2M | $35M | $110M |
| Mar '23 | $114M | -$4M | 56.6% | -4.5% | -1.8% | -0.7% | $11M | $35M | $104M |
| Dec '22 | $137M | -$2M | 58.5% | -2.2% | -0.7% | -0.3% | $186000 | $50M | $104M |
| Sep '22 | $128M | $5M | 58.7% | 6.7% | 2.5% | 0.9% | $2M | $50M | $99M |
| Jun '22 | $148M | $14M | 0.0% | 14.0% | 6.6% | 2.3% | $11M | $50M | $103M |
| Mar '22 | $125M | $4M | 0.0% | 5.2% | 2.0% | 0.6% | $21M | $60M | $112M |
| Dec '21 | $134M | $8M | 0.0% | 8.6% | 3.9% | 1.2% | $21M | $75M | $116M |
| Sep '21 | $118M | $5M | 0.0% | 5.5% | 2.2% | 0.7% | $10M | $99M | $129M |
How the market has priced FORR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, FORRESTER RESEARCH, INC.'s revenue has declined 2.4% per year. These are computed facts, not advice.
As of FY2025, FORRESTER RESEARCH, INC. reported $35M of total debt against $63M of cash.
In FY2025, gross margin was 57.0%, operating margin -28.5%, and net margin -30.1%.
As of Sep '26, FORRESTER RESEARCH, INC. traded at a price-to-earnings ratio of about 107.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.