Logotype for Forrester Research Inc

Forrester Research (FORR) investor relations material

Forrester Research Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Forrester Research Inc
Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Q2 2025 revenue was $111.7M, down 8% year-over-year, with declines across research, consulting, and events; events revenue dropped 23%.

  • Net income for Q2 2025 was $3.9M, a 38% decrease; six-month net loss was $83.4M due to an $83.9M goodwill impairment.

  • Adjusted EPS for Q2 2025 was $0.51, down 25% year-over-year; adjusted net income was $9.8M.

  • Client retention improved to 74% quarter-over-quarter, while contract value and wallet retention declined.

  • Focus on AI research, product innovation, and sales transformation to drive contract value growth.

Financial highlights

  • Q2 2025 revenue: $111.7M (down 8% YoY); research $77.9M (down 7%), consulting $23.5M (down 5%), events $10.2M (down 23%).

  • Q2 2025 net income: $3.9M; adjusted EPS: $0.51; operating income: $7.0M; adjusted operating income: $13.7M.

  • Six-month revenue: $201.5M (down 9% YoY); six-month net loss: $83.4M, mainly from goodwill impairment.

  • Cash at quarter-end: $135M; debt: $35M–$40.24M; operating cash flow for six months: $23.1M.

  • Operating expenses and headcount declined year-over-year.

Outlook and guidance

  • Full-year 2025 revenue guidance: $400M–$410M, a 5–8% decline; adjusted EPS: $1.20–$1.35; adjusted operating margin: 8–9%.

  • GAAP operating margin expected to be negative 18.4% to negative 17.4%; diluted loss per share of $4.16 to $4.01.

  • Management expects sufficient liquidity and compliance with debt covenants for the next twelve months.

  • Stock repurchase program to be reinstated in the second half of the year; $80M remains authorized.

  • Effective tax rate for 2025 anticipated between negative 5% and 8%; adjusted tax rate 29%.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Forrester Research earnings date

Logotype for Forrester Research Inc
Q3 202530 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Forrester Research earnings date

Logotype for Forrester Research Inc
Q3 202530 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Forrester Research Inc provides research, advisory, and consulting services that support business and technology decision-making. The company serves corporate and public sector clients with insights on customer experience, digital transformation, and market trends. The company is headquartered in Cambridge, Massachusetts, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage