📊 FORR Key Takeaways
Is FORR a Good Investment? Thesis Analysis
Forrester Research exhibits severe operational distress with a massive 14,909% revenue spike that appears anomalous and unsustainable, coupled with significant operating losses of -$113.2M and negative net income of -$119.4M. The company's current ratio of 0.89x indicates liquidity stress, and despite strong gross margins of 70.3%, operational execution has deteriorated dramatically, resulting in deeply negative profitability metrics (Operating Margin: -28.5%, Net Margin: -30.1%, ROE: -94.3%).
Why Buy FORR? Key Strengths
- Strong gross margin of 70.3% demonstrates pricing power and cost of goods management at the product level
- Positive free cash flow of $18.1M and operating cash flow of $21.1M suggest underlying cash generation despite accounting losses
- Zero long-term debt indicates no leverage risk and financial flexibility for restructuring
FORR Investment Risks to Consider
- Extraordinary revenue growth of 14,909% YoY is highly suspicious and likely represents one-time transactions, acquisitions, or accounting adjustments rather than organic business growth
- Severe operating losses of -$113.2M and net losses of -$119.4M demonstrate the company is unprofitable at scale and burning shareholder capital
- Current ratio of 0.89x indicates the company cannot cover short-term obligations with current assets, creating acute liquidity risk despite $63.3M in cash
- Deeply negative return metrics (ROE: -94.3%, ROA: -29.5%) signal fundamental business model deterioration and value destruction
- 11 Form 4 insider filings in 90 days may indicate significant management activity during a distressed period
Key Metrics to Watch
- Normalized recurring revenue growth excluding one-time items
- Path to operating profitability and timeline to positive operating margins
- Working capital trends and cash burn rate to assess liquidity runway
FORR Financial Metrics
💡 AI Analyst Insight
The relatively thin 4.6% FCF margin may limit capital allocation flexibility. The current ratio below 1.0x warrants monitoring of short-term liquidity.
FORR Profitability Ratios
FORR vs Default Sector
How FORRESTER RESEARCH, INC. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is FORR Overvalued or Undervalued?
Based on fundamental analysis, FORRESTER RESEARCH, INC. has mixed fundamental signals relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
FORR Balance Sheet & Liquidity
FORR 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: FORRESTER RESEARCH, INC.'s revenue has remained relatively flat over the 5-year period, with a 3% decline. The most recent EPS of $0.16 reflects profitable operations.
FORR Growth Metrics (YoY)
FORR Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $94.3M | -$2.1M | $-0.11 |
| Q2 2025 | $111.7M | -$381.0K | $-0.02 |
| Q1 2025 | $89.9M | -$6.7M | $-0.35 |
| Q3 2024 | $102.5M | $2.5M | $0.13 |
| Q2 2024 | $121.8M | -$381.0K | $-0.02 |
| Q1 2024 | $100.1M | -$4.1M | $-0.21 |
| Q3 2023 | $113.4M | $2.5M | $0.13 |
| Q2 2023 | $135.6M | $1.2M | $0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
FORR Capital Allocation
FORR SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for FORRESTER RESEARCH, INC. (CIK: 0001023313)
📋 Recent SEC Filings
❓ Frequently Asked Questions about FORR
What is the AI rating for FORR?
FORRESTER RESEARCH, INC. (FORR) has an AI rating of SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are FORR's key strengths?
Claude: Strong gross margin of 70.3% demonstrates pricing power and cost of goods management at the product level. Positive free cash flow of $18.1M and operating cash flow of $21.1M suggest underlying cash generation despite accounting losses.
What are the risks of investing in FORR?
Claude: Extraordinary revenue growth of 14,909% YoY is highly suspicious and likely represents one-time transactions, acquisitions, or accounting adjustments rather than organic business growth. Severe operating losses of -$113.2M and net losses of -$119.4M demonstrate the company is unprofitable at scale and burning shareholder capital.
What is FORR's revenue and growth?
FORRESTER RESEARCH, INC. reported revenue of $396.9M.
Does FORR pay dividends?
FORRESTER RESEARCH, INC. pays dividends, with $14.5M distributed to shareholders in the trailing twelve months.
Where can I find FORR SEC filings?
Official SEC filings for FORRESTER RESEARCH, INC. (CIK: 0001023313) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FORR's EPS?
FORRESTER RESEARCH, INC. has a diluted EPS of $-6.28.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is FORR a good stock to buy right now?
Based on our AI fundamental analysis in March 2026, FORRESTER RESEARCH, INC. has a SELL rating with 85% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FORR stock overvalued or undervalued?
Valuation metrics for FORR: ROE of -94.3% (sector avg: 15%), net margin of -30.1% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy FORR stock in 2026?
Our dual AI analysis gives FORRESTER RESEARCH, INC. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is FORR's free cash flow?
FORRESTER RESEARCH, INC.'s operating cash flow is $21.1M, with capital expenditures of $3.0M. FCF margin is 4.6%.
How does FORR compare to other Default stocks?
Vs Default sector averages: Net margin -30.1% (avg: 12%), ROE -94.3% (avg: 15%), current ratio 0.89 (avg: 1.8).