FORRESTER RESEARCH, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $396.9 | $432.5 | $480.8 | $537.8 | $494.3 |
| Operating income | -$113.2 | $0.7 | $6.8 | $32.7 | $38.6 |
| Net income | -$119.4 | -$5.7 | $3.0 | $21.8 | $24.8 |
| Balance Sheet | |||||
| Total debt | $35.0 | $35.0 | — | — | $75.0 |
| Cash Flow Statement | |||||
| Free cash flow | $18.1 | -$7.3 | $16.2 | $33.8 | $96.3 |
| Share repurchases | $2.5 | $15.9 | $4.1 | $15.1 | $20.1 |
Shares outstanding 19.0M
Annual filing data through FY ended December 31, 2025; float as of September 8, 2026.