Company / Cost of Revenue
FORRESTER RESEARCH, INC. Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$204.5M
FY2025
5-year range
$162.2M / $223.8M
FY2021-FY2025
Trend
-8.6%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Cost of Revenue has fluctuated over the past 10 years, ranging from $110M in FY2017 to $224M in FY2024.
Based on SEC 10-K filings.
$204M in FY2025 with a 5-year CAGR of +9.6%.
Remained stable around $204M over the past 2 years.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +8.0%
- 5-Year CAGR
- +9.6%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +9.6%, indicating consistent growth.
- In FY2025, cost of revenue decreased 8.6% year-over-year.
- Peak cost of revenue was recorded in FY2024.
- Lowest cost of revenue in the period was in FY2017.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $204.5M | -8.6% |
| FY2024 | $223.8M | +10.9% |
| FY2023 | $201.8M | +24.4% |
| FY2022 | $162.2M | -8.9% |
| FY2021 | $178.0M | +37.9% |
| FY2020 | $129.1M | +8.7% |
| FY2019 | $118.7M | +5.8% |
| FY2018 | $112.2M | +1.8% |
| FY2017 | $110.2M | -8.2% |
| FY2016 | $120.0M | +8.3% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026