FORR at a glance
FORRESTER RESEARCH, INC. (FORR, SEC CIK 1023313) filed its latest 10-K annual report on March 13, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on July 30, 2026 and Form 4 insider filings as recently as September 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), FORRESTER RESEARCH, INC. (FORR) reported revenue of $396.9 million (down 8.2% from FY2024) and a net loss of $119.4 million. Diluted EPS was -$6.28.
- As of June 30, 2026, 23 institutional investment managers tracked by SignalX reported holding FORRESTER RESEARCH, INC. (FORR) shares worth $21.1 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Finn Leo Christian on August 20, 2026 of 7,000 shares at $11.78 per share.
- In the last 90 days, FORR insiders reported 0 open-market purchases ($0) and 3 open-market sales ($199K) on Form 4, a net sale of $199K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $396.9M
- −8.2% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$199K
- 13F holders
- 23 funds
- $21.1M · +0 vs prior quarter
- Latest 8-K
- Jul 30, 2026
- Item 5.02 · Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Independent global research and advisory firm driving growth through customer obsession using trusted human insights combined with AI
- New emphasis on generative AI capabilities and proprietary AI tool "Forrester AI" for immediate trusted guidance integrated into research services
- Strategic focus on expanding contract value (CV) growth engine despite 6% CV decline to $292.4M, highlighting reinvestment in go-to-market and product innovation
- Employee count decreased slightly to 1,474 in 2025 from prior year, with 553 sales personnel down from 580, indicating organizational adjustment
- Noteworthy competitive challenge from free internet and AI sources, including LLMs, intensifying market dynamics around trust and research accuracy
Risk Factors
- Regulatory risk from compliance with GDPR, CCPA, and EU Artificial Intelligence Act effective starting 2025, incurring substantial costs and operational changes
- Geopolitical exposure limited to 23% international revenues, with risks from Russia-Ukraine, Israel-Gaza, and US-Iran conflicts affecting global economy and demand
- Operational risk in reliance on local independent sales reps internationally; loss or replacement challenges could disrupt client relationships and new business
- Competitive threat from Gartner and free AI sources like Google reducing demand for Forrester’s subscription-based research services
- Financial risk from $35.0 million debt facility due March 2029, with covenants limiting financial flexibility and risk of acceleration if breached
Management Discussion & Analysis
- Operating cash flow $21.1M in 2025 vs $(3.9M) in 2024, $25.0M increase driven by lower accrued expenses and incentive payments
- Investing cash flow used $14.1M in 2025 vs generated $5.0M in 2024, mainly $12.7M net marketable investments purchase and $3.0M capex
- Financing cash flow used $2.6M in 2025 vs $16.1M in 2024, including $2.5M stock repurchase and $1.3M tax on RSUs, offset by $1.3M stock issuance
- Cash, cash equivalents, marketable investments $127.7M at 2025 year-end, including $87.8M held offshore, intent to permanently reinvest funds outside U.S.
- Capital expenditures planned $28.0M in 1H 2026 for office renovation, with $17.2M tenant improvement allowance expected from landlord
- Credit facility amended March 2026: maturity extended to March 2029, size reduced to $50.0M, includes new minimum liquidity covenant
- No revenue, profitability, or segment financial data disclosed in the MD&A section provided
AI summary of the FORR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No risk-factors section provided; supplied text contains Items 2–6 only
- No newly added risk or 10-K comparison disclosed
- Stock-repurchase authorization: $76.36 million remaining after 144,000 shares purchased at $7.69
- No director or officer adopted or terminated Rule 10b5-1 arrangements during the quarter
AI summary of the FORR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Neil Bradford retired from Forrester Research’s Board effective July 28, 2026
- Immediate board departure creates a governance vacancy and may affect director oversight composition
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026; press release issued July 30, 2026
- Adjusted results exclude amortization, investment gains/losses, credit losses, goodwill impairment, stock compensation, and restructuring costs
Item EX-99.1: Item EX-99.1
- Q2 revenue fell to $100.2M from $111.7M, with research, consulting, and events all declining year over year
- GAAP EPS rose to $0.78 from $0.20, driven largely by a $12.3M income-tax benefit rather than operating growth
Item 1.01: Entry into a Material Definitive Agreement
- Six director nominees elected, including CEO George F. Colony, preserving board continuity
- Employee stock purchase plan amendment approved, increasing employee share-purchase capacity and potential dilution
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results covered quarter ended March 31, 2026; press release issued May 6, 2026
- Goodwill impairment fell to $10.8M from $83.9M in Q1 2025, materially affecting reported comparability
AI summaries of FORR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for FORR
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Favre Christophe | M | Sep 1, 2026 | 552 | - |
| Favre Christophe | F | Sep 1, 2026 | 257 | $12.23 |
| Favre Christophe | M | Sep 1, 2026 | 552 | - |
| Finn Leo Christian | Sell | Aug 20, 2026 | 7,000 | $11.78 |
| Darrah Ryan | Sell | Aug 20, 2026 | 5,000 | $11.78 |
| Johnson Carrie | Sell | Aug 13, 2026 | 5,000 | $11.51 |
| Facemire Michael | M | Aug 1, 2026 | 2,605 | - |
| Favre Christophe | M | Aug 1, 2026 | 634 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $432.5M | $396.9M |
| Operating Income | $6.8M | $740K | -$113.2M |
| Net Income | $3.0M | -$5.7M | -$119.4M |
| Op. Margin | - | 0.2% | -28.5% |
| Net Margin | - | -1.3% | -30.1% |
| Balance Sheet | |||
| Total Assets | $564.2M | $503.9M | $404.0M |
| Equity | - | $229.5M | $126.5M |
| ROE | - | -2.5% | -94.3% |
| Per Share | |||
| EPS | $0.16 | $-0.30 | $-6.28 |
| Cash Flow | |||
| Operating CF | - | -$3.9M | $21.1M |
| CapEx | - | $3.4M | $3.0M |
Source: XBRL data in FORRESTER RESEARCH, INC. (FORR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate FORR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 23 | $21.1M |
| Q1 2026 | 23 | $18.9M |
| Q4 2025 | 23 | $32.0M |
| Q3 2025 | 24 | $44.5M |
| Q2 2025 | 25 | $37.8M |
| Q1 2025 | 20 | $25.7M |
| Q4 2024 | 18 | $41.3M |
| Q3 2024 | 16 | $36.5M |
- AQR Capital Management+171.7K (+92%)
- Morgan Stanley+61.7K (+60%)
- Two Sigma Investments+30.6K (+30%)
- T. Rowe Price Group+16.2K (+42%)
- Vanguard Capital Management LLC+13.5K (+3%)
- BlackRock−637.3K (-70%)
- State Street Corp−193.9K (-75%)
- Northern Trust−73.7K (-72%)
- Vanguard Portfolio Management LLC−65.4K (-67%)
- Goldman Sachs Group−60.8K (-48%)
- Millennium Management+43.8K
- Citigroup−1.1K
Source: 13F-HR filings on SEC EDGAR (aggregated from 172 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
FORR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 20, 2026 | - | - | - |
| 4 | Aug 20, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | May 13, 2026 | - | - | |
| 8-K | May 13, 2026 | - | Analysis | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 17, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
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FORR SEC filings: frequently asked questions
Are FORR insiders buying or selling?
In the last 90 days, FORRESTER RESEARCH, INC. (FORR) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $198,863 by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold FORR stock?
As of June 30, 2026, the largest FORRESTER RESEARCH, INC. (FORR) holders among the 13F filers tracked by SignalX were Vanguard Capital Management LLC ($4.2 million), Renaissance Technologies LLC ($3.5 million), AQR Capital Management ($3.0 million), BlackRock ($2.3 million), Dimensional Fund Advisors ($1.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was FORR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), FORRESTER RESEARCH, INC. (FORR) reported revenue of $396.9 million (down 8.2% from FY2024) and a net loss of $119.4 million. Diluted EPS was -$6.28. The figures come from the XBRL data in the 10-K.
What are the main risks in FORR's latest 10-K?
In the 10-K filed March 13, 2026, FORRESTER RESEARCH, INC. (FORR) flagged: Regulatory risk from compliance with GDPR, CCPA, and EU Artificial Intelligence Act effective starting 2025, incurring substantial costs and operational changes. Geopolitical exposure limited to 23% international revenues, with risks from Russia-Ukraine, Israel-Gaza, and US-Iran conflicts affecting global economy and demand. (AI summary of the Risk Factors section.)
What did FORR report in its latest 8-K?
FORRESTER RESEARCH, INC. (FORR) filed an 8-K on July 30, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers) and Item 2.02 (Results of Operations and Financial Condition). Neil Bradford retired from Forrester Research’s Board effective July 28, 2026.
What are the latest FORR SEC filings?
FORRESTER RESEARCH, INC. (FORR) filed its latest 10-K annual report on March 13, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on July 30, 2026 and a Form 4 insider filing on September 2, 2026.
What is FORR's SEC CIK number?
FORRESTER RESEARCH, INC. (FORR)'s SEC Central Index Key (CIK) is 1023313. EDGAR lists every FORR filing under that number.
Ask anything about FORR
The research agent reads FORR's filings, financials, insider trades and 13F holders, then answers with sources.