Forrester Research, Inc. reported a decline in financial performance for the second quarter of 2025, with total revenues of $111.7 million, down 8% from $121.8 million in the same period last year. The company's research segment, which constitutes a significant portion of its revenue, generated $77.9 million, a decrease of 7% year-over-year. Consulting revenues also fell by 5% to $23.5 million, while event revenues saw a more substantial decline of 23%, totaling $10.2 million. For the first half of 2025, total revenues were $201.5 million, down 9% from $221.9 million in the prior year.

The company's operating expenses for the second quarter were $104.7 million, a decrease from $110.5 million in the previous year. This reduction was primarily attributed to lower costs in services and fulfillment, selling and marketing, and general and administrative expenses. However, Forrester recorded a significant goodwill impairment charge of $83.9 million in the first quarter of 2025, which contributed to a net loss of $83.4 million for the six months ended June 30, 2025, compared to a net loss of $0.4 million in the same period of 2024.

In terms of strategic developments, Forrester completed the divestiture of its FeedbackNow product line in August 2024 for approximately $17.6 million, which has impacted revenue figures. The company has also undergone workforce reductions, with a 6% decrease in headcount implemented in January 2025 to align costs with revenue expectations. As of June 30, 2025, Forrester had 1,805 clients, a decrease of 12% from the previous year, reflecting challenges in client retention and acquisition.

Looking ahead, Forrester anticipates continued pressure on revenues due to macroeconomic conditions and the impact of the divestiture. The company reported a contract value of $288.7 million as of June 30, 2025, down 7% from the previous year, with client retention improving slightly to 74%. The management remains focused on enhancing its core research products and expects to leverage its cash reserves, which totaled $67.8 million in cash and cash equivalents, to navigate the current market challenges. The company is committed to maintaining compliance with its credit facility covenants and plans to continue monitoring its operational performance closely.

About FORRESTER RESEARCH, INC.

Forrester Research, Inc. is a global independent research and advisory firm specializing in technology, customer experience, digital, marketing, sales, and product strategies. It provides subscription-based research, consulting, and event services to help business and technology leaders drive growth through customer obsession. Its core value lies in objective insights, rigorous methodologies, and client-centric solutions that support strategic decision-making and competitive advantage.

This description was generated via AI from an annual report. Updated 8 months ago.

About 10-Q Filings

A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.

Key points about the 10-Q:

  • Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
  • Content: It includes:
    • Financial statements showing the company's current financial position
    • Updates from management on the performance and projections of the business
    • Information about potential risks the company faces
    • Details on how the company is run internally
  • Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.

Our Methodology

AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.

Our method:

  1. Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
  2. AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
  3. Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
  4. Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
  5. Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Read more about AssetRoom

Feedback & Corrections

Spot an error or have a suggestion? Contact us.