Forrester Research Reports 2025 First-Quarter Financial Results

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[{"type":"text","content":" CAMBRIDGE, Mass.--(BUSINESS WIRE)--\nForrester Research, Inc. (Nasdaq: FORR) today announced financial results for the first quarter ended March 31, 2025, with contract value at $290.9 million, down 7% compared with the prior year.\n\n“We expect 2025 to be marked by volatility, and this is reflected in our first-quarter metrics and the decline in revenue,” said CEO and Chairman George F. Colony. “However, we continue to manage our costs, generated solid cash flow in Q1, and are maintaining our 2025 guidance.\n\n“These uncertain times also present an opportunity to be on the side and by the side of our clients. Our unique research and continuous guidance model is built precisely for these moments — to help our clients optimize costs, manage risk efficiently, adapt to change faster, and lead with confidence.”\n\nFirst-Quarter Consolidated Results\n\nTotal revenues for the first quarter of 2025 were $89.9 million, compared with $100.1 million for the comparable quarter in 2024.\n\nOn a GAAP basis, net loss was $87.3 million, or $4.62 per diluted share, for the first quarter of 2025, compared with a net loss of $6.7 million, or $0.35 per diluted share, for the same period in 2024. The net loss in the current quarter includes a non-cash goodwill impairment charge of $83.9 million, representing $4.44 per diluted share of the net loss.\n\nOn an adjusted basis, net income was $2.0 million, or $0.11 per diluted share, for the first quarter of 2025, reflecting an adjusted effective tax rate of 29%. Adjusted net income excludes the goodwill impairment charge of $83.9 million, stock-based compensation of $2.5 million, amortization of acquisition-related intangible assets of $2.2 million, restructuring costs of $1.5 million, and losses from investments of $1.0 million. This compares with adjusted net income of $2.8 million, or $0.14 per diluted share, for the same period in 2024, which reflects an adjusted tax rate of 29%. Adjusted net income for the first quarter of 2024 excludes stock-based compensation of $3.6 million, amortization of acquisition-related intangible assets of $2.5 million, and restructuring costs of $6.6 million.\n\nAdditional details regarding key metrics can be found in the investor presentation on the investor relations section of the company’s website.\n\nA reconciliation of GAAP results to adjusted results may be fou...

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