FORRESTER RESEARCH, INC. Income Statement
FORR|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
FORRESTER RESEARCH, INC. reported $481M in revenue and $3M in net income for FY2025. Revenue has grown at a 5.3% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $480.8M | $537.8M | $494.3M | $449.0M | $461.7M | $357.6M | $337.7M | $326.1M | $313.7M | $312.1M | $297.6M | $293.0M | $283.3M | $250.7M | $233.4M |
| Cost of Revenue | $204.5M | $223.8M | $201.8M | $162.2M | $178.0M | $129.1M | $118.7M | $112.2M | $110.2M | $120.0M | $110.8M | $107.0M | - | - | - |
| Gross Profit | - | - | - | - | - | - | $219.0M | $213.9M | $203.5M | $192.1M | $186.9M | $186.0M | - | - | - |
| SG&A Expense | $253.9M | $278.5M | $257.6M | $245.1M | $253.2M | $201.1M | $190.6M | $181.3M | $179.4M | $169.9M | $160.9M | $151.4M | $147.0M | $131.1M | $28.5M |
| Operating Income | $6.8M | $32.7M | $38.6M | -$16.2M | $1.1M | $22.4M | $27.5M | $30.8M | $18.8M | $18.2M | $21.8M | $30.8M | $36.7M | $30.8M | $32.4M |
| Interest Expense | -$3.1M | -$2.5M | -$4.2M | $5.3M | $8.1M | $8.1M | $8.1M | - | - | - | - | - | - | - | - |
| Income Tax | $3.2M | $8.9M | $8.3M | $2.9M | -$29.0K | $8.1M | $12.2M | $13.1M | $7.3M | $7.5M | $7.0M | $5.9M | $15.0M | $13.8M | $14.9M |
| Net Income | $3.0M | $21.8M | $24.8M | $10.0M | -$9.6M | $15.4M | $15.1M | $17.7M | $12.0M | $10.9M | $13.0M | $26.3M | $22.0M | $20.5M | $18.9M |
| EPS (Basic) | $0.16 | $1.15 | $1.30 | -$0.53 | $0.52 | $0.85 | $0.84 | $0.98 | $0.67 | $0.58 | $0.62 | $1.17 | $0.97 | $0.91 | $0.83 |
| EPS (Diluted) | $0.16 | $1.14 | $1.28 | $0.53 | $0.52 | $0.84 | $0.83 | $0.97 | $0.66 | $0.57 | $0.61 | $1.15 | $0.95 | $0.89 | $0.82 |
| Shares Outstanding | 18.8M | 19.2M | 19.1M | 19.1M | 19.0M | 18.6M | 18.3M | 18.0M | 18.4M | 17.8M | 18.2M | 19.8M | 22.3M | 22.7M | 22.8M |
| Gross Margin | - | - | - | - | - | - | 64.8% | 65.6% | 64.9% | 61.5% | 62.8% | 63.5% | - | - | - |
| Operating Margin | 1.4% | 6.1% | 7.8% | -3.6% | 0.2% | 6.3% | 8.2% | 9.4% | 6.0% | 5.8% | 7.3% | 10.5% | 13.0% | 12.3% | 13.9% |
| Profit Margin | 0.6% | 4.0% | 5.0% | 2.2% | -2.1% | 4.3% | 4.5% | 5.4% | 3.8% | 3.5% | 4.4% | 9.0% | 7.8% | 8.2% | 8.1% |