FORR FINANCIAL STATEMENTS

Forrester Research Inc — balance sheet, income statement and cash flow trends

FORRForrester Research Inc

🇺🇸 USA · NASDAQ · Industrials · Consulting Services

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue392.5 M $-7.1%

Gross Profit222.7 M $-7.4%

Operating Income-637 K $-106.6%

EBITDA-24.2 M $—

Net Income-53.9 M $—

Peer Comparison· Consulting Services

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
FORR	-7.1%	56.7%	-6.2%	-13.7%
EXPN	8.2%	25.3%	36.6%	17.6%
SKYLP	15.2%	69.1%	0.2%	-11.1%
ALQ	10.7%	17.1%	23.8%	9.6%
Industry median	5.9%	35.7%	12.8%	6.9%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
FORR	-7.1%	56.7%	-6.2%	-13.7%
RGP	-13.4%	38.1%	-1.1%	-20.2%
CRAI	10.5%	27.1%	12.8%	6.2%
ICFI	-9.5%	35.7%	10.8%	4.7%
HURN	13.9%	30.6%	12.8%	6.0%
Industry median	5.9%	35.7%	12.8%	6.9%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity106.1 M $26%
Current Liabilities237.9 M $58%
Long-term Liabilities65.1 M $16%

Key Figures

YoY change

Total Assets409.1 M $-7.0%

Total Liabilities303 M $+3.6%

Total Equity106.1 M $-28.1%

Cash & ST Investments145.5 M $+8.4%

Total Debt62.3 M $-10.4%

Net Debt-11.6 M $—

Peer Comparison· Consulting Services

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
FORR	0.92	58.8%	3.44	25.9%
EXPN	0.85	100.4%	1.69	38.8%
SKYLP	1.99	22.6%	-156.46	75.2%
ALQ	1.47	92.5%	1.80	42.8%
Industry median	1.48	92.5%	2.50	38.0%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
FORR	0.92	58.8%	3.44	25.9%
RGP	2.74	13.0%	11.08	68.1%
CRAI	0.83	141.2%	2.50	29.9%
ICFI	1.48	58.4%	3.05	50.3%
HURN	2.22	223.3%	3.88	25.0%
Industry median	1.48	92.5%	2.50	38.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow19.9 M $-10.4%

Capital Expenditures8.5 M $+225.6%

Free Cash Flow11.4 M $-41.9%

Dividends Paid——

Peer Comparison· Consulting Services

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
FORR	5.1%	2.9%	2.2%	-37.0%
EXPN	26.5%	25.9%	0.6%	150.3%
SKYLP	68.5%	74.9%	0.3%	-615.9%
ALQ	14.9%	7.0%	7.9%	155.2%
Industry median	9.4%	8.3%	1.2%	133.1%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.