Forrester Research, Inc. (FORR)

Forrester Research Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	422.27	432.47	480.78	537.79	494.32	448.98
Revenue Growth (YoY)	-9.61%	-10.05%	-10.60%	8.79%	10.10%	-2.75%
Cost of Revenue	177.45	182.53	204.48	223.77	201.82	180.9
Gross Profit	244.82	249.94	276.3	314.01	292.5	268.09
Selling, General & Admin	213.73	218.44	231.05	249.6	229.01	216.57
Operating Expenses	230.06	235.65	251.46	272.03	253.52	246.13
Operating Income	14.77	14.29	24.84	41.99	38.98	21.95
Interest Expense	-2.92	-3.01	-3.06	-2.46	-4.22	-5.34
Currency Exchange Gain (Loss)	-0.72	-0.72	-0.31	-0.39	-1.49	-0.76
Other Non Operating Income (Expenses)	4.52	4.81	2.68	0.62	0.26	0.38
EBT Excluding Unusual Items	15.65	15.37	24.15	39.75	33.53	16.24
Merger & Restructuring Charges	-6.66	-11.77	-13.27	-9.34	-0.33	-5.78
Gain (Loss) on Sale of Investments	-0.21	0.81	0.21	0.31	-	2.47
Gain (Loss) on Sale of Assets	-1.78	-1.78	-	-	-	-
Legal Settlements	-	-	-4.8	-	-	-
Pretax Income	-76.89	2.64	6.29	30.72	33.19	12.93
Income Tax Expense	9.46	8.38	3.24	8.92	8.35	2.94
Net Income	-86.35	-5.75	3.05	21.81	24.84	9.99
Net Income to Common	-86.35	-5.75	3.05	21.81	24.84	9.99
Net Income Growth	-	-	-86.01%	-12.23%	148.69%	-
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change (YoY)	-1.59%	-0.85%	0.45%	-0.96%	2.23%	2.40%
EPS (Basic)	-4.55	-0.30	0.16	1.15	1.30	0.53
EPS (Diluted)	-4.55	-0.30	0.16	1.14	1.28	0.53
EPS Growth	-	-	-86.05%	-10.94%	141.51%	-
Free Cash Flow	-	-7.26	16.18	33.76	96.32	38.85
Free Cash Flow Per Share	-	-0.38	0.84	1.76	4.98	2.05
Gross Margin	57.98%	57.79%	57.47%	58.39%	59.17%	59.71%
Operating Margin	3.50%	3.30%	5.17%	7.81%	7.89%	4.89%
Profit Margin	-20.45%	-1.33%	0.63%	4.06%	5.03%	2.23%
Free Cash Flow Margin	-	-1.68%	3.36%	6.28%	19.49%	8.65%
EBITDA	26.33	27.2	40.55	59.62	58.9	46.62
EBITDA Margin	6.24%	6.29%	8.43%	11.09%	11.91%	10.38%
D&A For EBITDA	11.56	12.91	15.71	17.63	19.92	24.66
EBIT	14.77	14.29	24.84	41.99	38.98	21.95
EBIT Margin	3.50%	3.30%	5.17%	7.81%	7.89%	4.89%
Effective Tax Rate	-	317.94%	51.47%	29.03%	25.15%	22.76%
Revenue as Reported	422.27	432.47	480.78	537.79	494.32	448.98

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q