Forrester Research Reports 2025 Third-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 third quarter ended September 30, 2025, with contract value at $288.1 million, down 7% compared with the prior year.\n\n\n“Despite ongoing market uncertainty, we delivered operating margin and EPS growth this quarter,” said CEO and Chairman George F. Colony. “On the heels of the two-year anniversary of our generative AI tool, Izola, we recently launched Forrester AI Access, a new self-service offering that uses our generative AI capabilities to equip clients with trusted insights and advice, enabling them to validate ideas, align on best practices, and make smarter decisions faster. We remain committed to accelerating our AI leadership and are optimistic that these innovations will unlock new growth opportunities.”\n\n\nThird-Quarter Consolidated Results\n\n\nTotal revenues for the third quarter of 2025 were $94.3 million, compared with $102.5 million for the comparable quarter in 2024.\n\n\nOn a GAAP basis, net loss was $2.1 million, or $0.11 per diluted share, for the third quarter of 2025, compared with a net loss of $5.8 million, or $0.30 per diluted share, for the same period in 2024.\n\n\nOn an adjusted basis, net income was $7.2 million, or $0.37 per diluted share, for the third quarter of 2025, reflecting an adjusted effective tax rate of 29%. Adjusted net income excludes stock-based compensation of $3.4 million, amortization of acquisition-related intangible assets of $2.2 million, restructuring costs of negative $0.1 million, and a credit loss on the note receivable from the divestiture of a product line in 2024 of $6.4 million. This compares with adjusted net income of $5.6 million, or $0.29 per diluted share, for the same period in 2024, which reflects an adjusted tax rate of 29%. Adjusted net income for the third quarter of 2024 excludes stock-based compensation of $3.6 million, amortization of acquisition-related intangible assets of $2.4 million, restructuring costs of $0.9 million, and the loss from the sale of a divested operation and transaction costs of $2.0 million.\n\n\nAdditional details regarding key metrics can be found in the investor presentation on the investor relations section of the company’s website.\n\n\nA reconciliation of GAAP results to adjusted results can be found in the att...

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