Filing Analysis
Forrester Research, Inc. announced its financial results for the quarter ended June 30, 2026, and disclosed the retirement of Board member Neil Bradford.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Announced quarterly financial results for the period ending June 30, 2026, on July 30, 2026.
- Neil Bradford retired from the Board of Directors effective July 28, 2026.
- The company utilizes adjusted financial measures that exclude amortization, investment gains/losses, credit loss expenses, goodwill impairment, stock-based compensation, and restructuring costs.
Forrester Research stockholders approved an amendment to the Employee Stock Purchase Plan, increasing the available shares by 450,000. The filing also confirms the re-election of six directors and the ratification of PricewaterhouseCoopers LLP as the company's auditor for 2026.
📋 Key Facts
- Stockholders approved an increase of 450,000 shares for the Employee Stock Purchase Plan (ESPP) effective March 25, 2026.
- Six directors were elected to the Board: Robert Bennett, Neil Bradford, George F. Colony, Anthony Friscia, Corinne Munchbach, and Warren Romine.
- PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Executive compensation was approved via a non-binding advisory vote with 15,073,307 votes in favor.
Forrester Research reported its Q1 2026 financial results, notably disclosing a $10.8 million goodwill impairment charge. This follows a much larger $83.9 million impairment in the prior year, alongside ongoing restructuring and credit loss expenses.
🚩 Red Flags
- Recurring goodwill impairments ($94.7 million total over two years) suggest significant overvaluation of previous acquisitions.
- Ongoing restructuring costs and reductions in force indicate continued operational instability.
- Credit loss expense on a promissory note suggests potential default risk or collection issues from a previous asset disposition.
📋 Key Facts
- Reported financial results for the quarter ended March 31, 2026.
- Recorded a $10.8 million goodwill impairment charge in Q1 2026.
- Recorded a $83.9 million goodwill impairment charge in Q1 2025.
- Disclosed ongoing restructuring costs related to reductions in force and office space asset impairments.
- Reported a credit loss expense on a promissory note originating from a 2024 product line sale.
Forrester Research, Inc. issued an 8-K to announce its financial results for the quarter and fiscal year ended December 31, 2025. The filing primarily serves as a cover sheet for the press release containing the earnings data.
🚩 Red Flags
- The filing mentions significant historical goodwill impairments in 2025 ($83.9M and $26.8M), which may indicate previous asset overvaluation or restructuring.
📋 Key Facts
- Report date: February 12, 2026
- Reporting period: Quarter and Year ended December 31, 2025
- The company uses adjusted financial results to exclude amortization of intangibles, investment gains/losses, divestiture losses, credit loss expenses, goodwill impairments, stock-based compensation, and restructuring costs.
- Significant prior year items noted: Goodwill impairments of $83.9M (Q1 2025) and $26.8M (Q4 2025).
Forrester Research announced a significant workforce reduction of approximately 8% and the closure of several smaller offices globally. The company expects to incur total restructuring costs between $13.4 million and $13.9 million through mid-2026.
🚩 Red Flags
- Significant restructuring charges ($13M+) impacting near-term earnings.
- Workforce reduction suggests potential headwinds in revenue or operational efficiency needs.
📋 Key Facts
- Workforce reduction of ~8% across various geographies and functions.
- Notification began December 15, 2025; completion expected by July 31, 2026.
- Estimated pre-tax severance/benefit expenses: $10.0 million to $10.5 million.
- Office closures (US and international) expected to incur ~$0.4 million in non-cash lease impairment costs.
- Contract termination costs estimated at approximately $3.0 million.
Forrester Research, Inc. announced the departure of its Chief Sales Officer, Nate Swan, effective October 31, 2025.
🚩 Red Flags
- Sudden departure of a C-suite executive (Chief Sales Officer) can sometimes signal internal friction or shifts in sales strategy, though no cause is stated.
📋 Key Facts
- Nate Swan has ceased serving as the Chief Sales Officer of the Company.
- The departure is effective as of October 31, 2025.
- The announcement was made via an 8-K filing under Item 5.02(b).
Forrester Research, Inc. issued an 8-K to announce its financial results for the quarter ended September 30, 2025. The filing primarily outlines the company's methodology for non-GAAP adjusted financial measures used in their press release.
🚩 Red Flags
- Heavy reliance on non-GAAP 'adjusted' metrics to exclude significant items like restructuring costs and stock-based compensation.
📋 Key Facts
- Report date: October 30, 2025
- Reporting period: Quarter ended September 30, 2025
- Company uses adjusted financial results to manage business and set compensation targets
- Adjusted metrics exclude amortization of intangibles, investment gains/losses, restructuring costs, and stock-based compensation
- The company specifically notes the exclusion of an $83.9 million goodwill impairment charge from Q1 2025 in its adjusted reporting.
Forrester Research, Inc. issued an 8-K to announce its financial results for the quarter ended June 30, 2025. The filing primarily serves as a placeholder to furnish earnings press releases and outlines the company's non-GAAP adjustment methodology.
🚩 Red Flags
- The company mentions a significant $83.9 million goodwill impairment charge incurred during the first quarter of 2025 (though this is excluded from adjusted metrics).
📋 Key Facts
- Report date: July 31, 2025
- Reporting period: Quarter ended June 30, 2025
- The filing is furnished under Item 2.02 (Results of Operations and Financial Condition) but is not considered 'filed' for purposes of Section 18.
- Company excludes amortization of intangibles, investment gains/losses, goodwill impairment, stock-based compensation, and restructuring costs from adjusted results.
Forrester Research, Inc. reported the results of its Annual Meeting of Stockholders held on May 13, 2025. All proposals, including director elections and auditor ratification, were approved by stockholders.
📋 Key Facts
- Annual Meeting held on May 13, 2025.
- Six nominees for the Board of Directors were elected to serve.
- PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
- Stockholders approved executive compensation via a non-binding 'Say on Pay' vote.
Forrester Research, Inc. issued a press release on May 6, 2025, announcing its financial results for the quarter ended March 31, 2025. The filing focuses on the company's use of non-GAAP adjusted financial measures to present its operating performance.
🚩 Red Flags
- Significant $83.9 million goodwill impairment charge incurred in Q1 2025.
- Mention of restructuring costs related to reductions in force (RIF) and asset impairments from office space reductions.
- Heavy reliance on non-GAAP adjusted metrics which exclude significant real-world costs like stock-based compensation and restructuring.
📋 Key Facts
- Reported date: May 6, 2025
- Period covered: Quarter ended March 31, 2025
- The company reported an $83.9 million goodwill impairment charge during the first quarter of 2025.
- Adjusted results exclude amortization of intangibles, gains/losses from non-marketable securities, and credit losses on the FeedbackNow divestiture note receivable.
Forrester Research entered into a lease amendment and a new lease agreement for its headquarters in Cambridge, MA. The deal involves returning three floors of office space by late 2025 while securing a long-term commitment (extending to 2039) for the remaining four, fifth, and sixth floors.
🚩 Red Flags
- Significant reduction in physical footprint (returning three floors) may indicate cost-cutting or shift to hybrid work models.
📋 Key Facts
- Entered into Third Amendment of Lease and New Lease with LS 200 CDP, LLC on April 11, 2025.
- Will return 'Give Back Space' (1st, 2nd, and 3rd floors) by December 31, 2025, or potentially as late as May 31, 2026.
- Secured a new lease term for 'Extension Space' (4th, 5th, and 6th floors; 118,286 sq. ft.) from January 1, 2026, to June 30, 2039.
- Includes two options to extend the lease for an additional 10 years each.
- Monthly base rent for Extension Space starts at $349,929 (July 2026–Feb 2027) and scales up to $402,516 by the end of the term.
- Includes a six-month rent abatement starting January 1, 2026.
- Received a tenant improvement allowance of $17,375,031.
Forrester Research, Inc. announced its financial results for the quarter and year ended December 31, 2024, via a press release. Additionally, the company disclosed that three board members—David Boyce, Robert Galford, and Yvonne Wassenaar—will retire at the upcoming annual meeting of stockholders.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Financial results for the quarter and year ended December 31, 2024, were released on February 11, 2025.
- Three directors (David Boyce, Robert Galford, and Yvonne Wassenaar) will retire at the upcoming annual meeting of stockholders.
- The company uses adjusted financial measures that exclude amortization, investment gains/losses, divestiture losses, stock-based compensation, restructuring costs, and specific legal settlements.
Forrester Research announced a workforce reduction of approximately 6% across various geographies and functions. The company also plans to close one smaller U.S. office, incurring estimated pre-tax expenses between $5.2 million and $5.6 million.
🚩 Red Flags
- Workforce reduction (layoffs) can indicate cost-cutting measures due to slowing revenue or operational inefficiencies.
- Significant one-time expense ($5.2M-$5.6M) impacting near-term earnings.
📋 Key Facts
- Reduction in force affecting ~6% of total employees.
- Notification period commenced December 2, 2024; completion expected by January 31, 2025.
- Planned closure of one small office in the United States.
- Estimated pre-tax charges: $5.2 million to $5.6 million.
- Charges to be recognized in Q4 2024 and H1 2025.
Forrester Research, Inc. filed an 8-K to announce its financial results for the quarter ended September 30, 2024. The filing serves as a formal announcement of the earnings release and provides context regarding the company's use of non-GAAP adjusted financial measures.
🚩 Red Flags
- The company explicitly mentions excluding 'restructuring costs' associated with reductions in force and asset impairment charges related to office space reductions, which may indicate recent cost-cutting measures or downsizing.
📋 Key Facts
- Financial results were announced on November 5, 2024, for the quarter ended September 30, 2024.
- The company utilizes 'adjusted financial results' to manage business and set compensation targets.
- Adjusted measures exclude amortization of intangibles, gains/losses from non-marketable securities, loss on sale of divested operation (Q3 2024), stock-based compensation, restructuring costs, and a one-time legal settlement accrual from 2023.
Forrester Research, Inc. filed an 8-K to announce its quarterly financial results for the period ending June 30, 2024. The filing provides context regarding the company's use of non-GAAP adjusted financial measures.
🚩 Red Flags
- None identified in this specific filing text.
📋 Key Facts
- Reported date: July 30, 2024
- Reporting period: Quarter ended June 30, 2024
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Company uses adjusted financial results that exclude amortization of intangibles, investment gains/losses, stock-based compensation, restructuring costs, and a one-time legal settlement accrual from 2023.
Forrester Research, Inc. announced the election of Robert Bennett to its Board of Directors, effective July 22, 2024. The filing does not indicate any departures or changes in executive management.
📋 Key Facts
- Robert Bennett was elected to the Board of Directors on July 19, 2024.
- The election becomes effective on July 22, 2024.
- The Company has not yet determined which committee(s) Mr. Bennett will serve on.
Forrester Research, Inc. announced the election of Cory Munchbach to its Board of Directors, effective June 1, 2024.
📋 Key Facts
- Cory Munchbach was elected to the Board of Directors on May 31, 2024.
- The appointment became effective on June 1, 2024.
- The company has not yet determined which committee(s) Ms. Munchbach will serve on.
Forrester Research, Inc. reported the results of its Annual Meeting of Stockholders held on May 14, 2024. All proposals, including director elections and auditor ratification, were approved by stockholders.
📋 Key Facts
- Annual Meeting held on May 14, 2024.
- Seven nominees for the Board of Directors were elected, including David Boyce, Neil Bradford, George F. Colony, Anthony Friscia, Robert M. Galford, Warren Romine, and Yvonne Wassenaar.
- PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
- Stockholders approved executive compensation via a non-binding 'Say on Pay' vote.
Forrester Research, Inc. announced its financial results for the quarter ended March 31, 2024 and authorized an additional $25 million for its stock repurchase program.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Announced quarterly financial results for the period ending March 31, 2024 on April 30, 2024.
- Board of Directors authorized a $25 million increase to the existing stock repurchase program.
- Total available authorization for share repurchases is now approximately $89 million.
Forrester Research announced its FY2023 year-end financial results alongside a restructuring plan involving a 3% workforce reduction and the closure of its San Francisco office. The company is also reporting significant non-cash impairments and cost-cutting measures, including a salary reduction for the CEO.
🚩 Red Flags
- Workforce reduction (layoffs) indicates cost-cutting measures often associated with margin pressure or declining revenue.
- Significant non-cash asset impairment charge ($3.8M) related to office space reduction.
- CEO accepting $1.00 salary is a strong signal of extreme austerity/liquidity management, though common in distressed micro-caps.
📋 Key Facts
- Announced Q4 and FY2023 financial results on February 8, 2024.
- Implementing a workforce reduction of approximately 3% across various geographies/functions; notification began Dec 20, 2023.
- Expected pre-tax restructuring expenses: $3.5 million to $3.9 million in Q4 2023 and Q1 2024.
- Closing San Francisco office (150 Spear Street) in favor of flexible space; expects a ~$3.8 million non-cash asset impairment charge in Q1 2024.
- CEO George F. Colony agreed to continue his base salary reduction to $1.00 on an annualized basis through Dec 31, 2024.