FORR
Forrester Research, Inc.
FORR lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to decline.
FORR Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Strong |
FORR's balance sheet is currently strong, but its revenue, profitability and cash flow are under pressure.
FORR PE Valuation
FORR has no meaningful PE right now: it lost money over the past year.
FORR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Stable | |
| Limited | |
| High |
Analysts expect FORR's earnings and revenue to decline, though with profitability holding steady.
FORR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.76 | — |
| Q3 2026 | -$2.34 | +$2.17 |
| Q2 2026 | -$2.22 | +$2.48 |
| Q1 2026 | -$2.80 | +$1.77 |
| Q4 2025 | -$6.28 | -$5.98 |
| Q3 2025 | -$4.51 | -$4.15 |
| Q2 2025 | -$4.70 | -6814% |
| Q1 2025 | -$4.57 | -22950% |
| Q4 2024 | -$0.30 | -288% |
FORR lost $2.34 per share over the past year, a smaller loss than the year before.
FORR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $86.1M | -8.7% |
| Q2 2026 | $100.2M | -10% |
| Q1 2026 | $85.5M | -4.9% |
| Q4 2025 | $101.1M | -6.5% |
| Q3 2025 | $94.3M | -8% |
| Q2 2025 | $111.7M | -8.3% |
| Q1 2025 | $89.9M | -10% |
| Q4 2024 | $108M | -8.5% |
FORR's revenue has slid since its 2022 peak: $86M last quarter, down 8.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.8% | -2 points |
| Q2 2026 | 3.4% | -2.8 points |
| Q1 2026 | -22% | +76 points |
| Q4 2025 | -37% | -36 points |
| Q3 2025 | 4.7% | +5.4 points |
| Q2 2025 | 6.2% | -3.1 points |
| Q1 2025 | -97% | -88 points |
| Q4 2024 | -0.5% | +0.7 points |
FORR's operating margin was 2.8% last quarter, down 2 points from the same quarter a year ago.
FORR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.9M | +253% |
| Q2 2026 | -$12.6M | -$8.4M |
| Q1 2026 | $19.4M | -26% |
| Q4 2025 | -$4.3M | -$1.8M |
| Q3 2025 | $524K | +$747K |
| Q2 2025 | -$4.2M | -$493K |
| Q1 2025 | $26.1M | +$26.9M |
| Q4 2024 | -$2.5M | -124% |
FORR still generates free cash flow, though less than at its 2021 peak: $4M over the past year.
FORR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.8% | -539K shares |
| 1 year | -1% | -197K shares |
| 3 years | -1.9% | -373K shares |
| 5 years | -2.4% | -472K shares |
| Available history | +2.3% | +424K shares |
FORR has 19M diluted shares, down 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10.3M |
| Q4 2025 | $133,000 |
| Q3 2025 | $2.4M |
| Q2 2025 | $44,000 |
| Q1 2025 | — |
| Q4 2024 | $2.9M |
| Q3 2024 | $5M |
| Q2 2024 | $3.9M |
FORR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | -1.2x | Net Cash |
| Q3 2024 | -1.5x | Net Cash |
| Q2 2024 | -1.0x | Net Cash |
| Q1 2024 | -1.2x | Net Cash |
| Q4 2023 | -1.4x | Net Cash |
| Q3 2023 | -2.5x | Net Cash |
| Q2 2023 | -2.5x | Net Cash |
| Q1 2023 | -1.6x | Net Cash |
FORR has more cash than debt.
FORR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.9 | Neutral |
| Stochastic | 27.6 | Neutral |
FORR's weekly RSI is 45 (neutral) and its Stochastic is 28 (neutral).
FORR PE vs Industrials Sector
| Metric | FORR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
FORR has no meaningful PE right now: it lost money over the past year.
FORR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.9 | 16% below |
| 20 week MA | $11.0 | 17% below |
| 50 week MA | $8.46 | 8.2% above |
| 100 week MA | $9.55 | 4.2% below |
| 200 week MA | $17.0 | 46% below |
FORR's trend is mixed: it's above one of its five weekly moving averages, and 46% below its 200-week average.
FORR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.9 | $40.4 | -3.6% |
| 2021 | $40.4 | $58.7 | +45% |
| 2022 | $58.7 | $34.4 | -41% |
| 2023 | $34.4 | $26.8 | -22% |
| 2024 | $26.8 | $15.7 | -41% |
| 2025 | $15.7 | $7.25 | -54% |
| 2026 YTD | $7.25 | $9.15 | +26% |
FORR has finished four years in a row lower, and it's up 26% so far in 2026.