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Forrester Research Reports 2025 Fourth-Quarter And Full-Year Financial Results
CAMBRIDGE, Mass., February 12, 2026--Forrester Research, Inc. (Nasdaq: FORR) today announced fourth-quarter and full-year financial results for 2025, with contract value (CV) down by 6%, at $292.4 million, compared with the prior year.
About this update from Forrester Research, Inc.
[{"type":"text","content":"CAMBRIDGE, Mass., February 12, 2026--(BUSINESS WIRE)--Forrester Research, Inc. (Nasdaq: FORR) today announced fourth-quarter and full-year financial results for 2025, with contract value (CV) down by 6%, at $292.4 million, compared with the prior year.","length":252,"tagName":"p"},{"type":"text","content":"Commenting on the results, George F. Colony, Forrester’s CEO and chairman, stated: "While we saw areas of momentum in cash flow, client retention, and client count — partly fueled by the launch of Forrester AI Access, our new self-service offering — our fourth-quarter and full-year financials fell short of expectations. As a result, we announced a restructuring this week to improve our cost efficiency, focus on CV growth, and inform the 2026 guidance.","length":460,"tagName":"p"},{"type":"text","content":""To drive CV growth, we will continue to refine our go-to-market execution, advance measures that drive stronger customer retention, and accelerate the integration of AI across our product portfolio. We are focused on enabling clients to navigate AI-driven business and technology challenges through trusted research, proprietary data, human expertise, and AI-powered capabilities."","length":392,"tagName":"p"},{"type":"text","content":"Fourth-Quarter Consolidated Results","length":35,"tagName":"p"},{"type":"text","content":"Total revenues for the fourth quarter of 2025 were $101.1 million, compared with $108.0 million for the comparable quarter in 2024.","length":131,"tagName":"p"},{"type":"text","content":"On a GAAP basis, net loss was $33.9 million, or $1.78 per diluted share, for the fourth quarter of 2025, compared with net income of $0.4 million, or $0.02 per diluted share, for the same period in 2024. The net loss in the fourth quarter of 2025 includes a non-cash goodwill impairment charge of $26.8 million, representing a loss of $1.41 per diluted share.","length":359,"tagName":"p"},{"type":"text","content":"On an adjusted basis, net income was $3.2 million, or $0.17 per diluted share, for the fourth quarter of 2025, reflecting an adjusted effective tax rate of 29%. Adjusted net income excludes stock-based compensation of $2.4 million, amortization of acquisition-related intangible assets of $2.1 million, restructuring costs of $9.8 million, a goodwill impairment charge of $26.8 million, and investment gain...