10-K · March 13, 2026
Forrester emphasizes a strategy of combining trusted human intelligence with generative AI to drive a “CV growth engine” focused on expanding contract value. The company reports signs of demand pressure — contract value…
Earnings analysis · 10-Q
FORR earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Forrester Research's Q1 2026 results showed total revenues of $85.5 million, marking a 5% decline from Q1 2025. Despite exceeding revenue estimates, the company's diluted EPS was a loss of $0.04, significantly worse…
Read full summary
Forrester Research's Q1 2026 results showed total revenues of $85.5 million, marking a 5% decline from Q1 2025. Despite exceeding revenue estimates, the company's diluted EPS was a loss of $0.04, significantly worse than the anticipated loss of $0.10. The management outlined challenges such as declining contract value and consulting revenue, while projecting a revenue outlook with expected declines over the year.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.04
What stood out
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Revenue Exceeds Estimates
Q1 2026 total revenues of $85.5M exceeded the estimate of $83.3M.
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Declining EPS
The diluted EPS loss was $0.04, compared to an anticipated loss of $0.10.
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Segment Performance in Research
Research revenues decreased by 2% to $66.9M from $68.4M in the prior year.
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Substantial Client Retention Improvement
Client retention improved by 5 percentage points year-over-year as of March 31, 2026.
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Cash Flow Stability
Operating cash flow remained steady at $25.6M, compared to $26.7M in Q1 2025.
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Goodwill Impairment Charge
A significant goodwill impairment charge of $10.8M was recorded this quarter.
What to watch
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Decline in Contract Value
Contract value decreased by 3% to $285.3 million year-over-year, affecting revenue stability.
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Drop in Consulting Revenue
Consulting revenues fell by 13% compared to Q1 2025, attributed to reduced client bookings.
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Goodwill Impairment Risk
Continued scrutiny and potential for further impairment charges due to declining stock price.
Management's outlook
Revenue guidance for FY 2026 suggests an expected decline of 11.8% to 9.3% year-over-year.
Earlier filings 4
10-Q · May 12, 2025
Forrester reported Q1 revenue of $89,876,000, down $10,201,000 (10.2%) from $100,077,000 in Q1 2024. GAAP results were hit by an $83,895,000 goodwill impairment, producing a net loss of $87,272,000 and diluted loss per…
10-K · March 7, 2025
Forrester reiterates a CV-driven subscription strategy centered on its Forrester Decisions product (approximately 80% of CV as of December 31, 2024) and a multi-channel go-to-market of research, consulting and events.…
10-Q · May 3, 2024
Forrester reported Q1 revenue of $100,077,000, down $13,593,000 (≈12.0%) from $113,670,000 a year ago, and GAAP diluted loss per share of $0.35 (net loss $6,673,000), worsening vs. a $0.21 loss in Q1 2023 (net loss…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.