FORRESTER RESEARCH, INC. (FORR) FY2025 10-K Annual Report
FORRESTER RESEARCH, INC. (FORR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
FORRESTER RESEARCH, INC. FY2025 10-K Analysis
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
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
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
FORRESTER RESEARCH, INC. FY2025 Key Financial MetricsXBRL
Revenue
$397M
▼ -8.2% YoY
Net Income
-$119M
▼ -1976.9% YoY
Operating Margin
-28.5%
▼ -2869bp YoY
Net Margin
-30.1%
▼ -2875bp YoY
ROE
-94.3%
▼ -9183bp YoY
Total Assets
$404M
▼ -19.8% YoY
EPS (Diluted)
$-6.28
▼ -1993.3% YoY
Operating Cash Flow
$21M
▲ +646.0% YoY
Source: XBRL data from FORRESTER RESEARCH, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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