Forrester Research, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting a third-quarter net loss of $4.421 million and a year-to-date net loss of $10.993 million.

Key Highlights

  • Q3 total revenues: $86.107 million for the three months ended September 30, 2026, down from $94.295 million in the same period of 2025, according to the filing.
  • Q3 net loss: $4.421 million, or $(0.23) per basic and diluted share, compared to a net loss of $2.126 million, or $(0.11) per share, in Q3 2025.
  • Nine-month goodwill impairment: The company recorded a goodwill impairment charge of $10.800 million for the nine months ended September 30, 2026, versus $83.895 million in the same period of 2025.
  • Cash and investments: Cash and cash equivalents stood at $54.092 million and marketable investments at $63.519 million as of September 30, 2026.
  • Shares outstanding: As of November 2, 2026, 18,148,000 shares of common stock were outstanding.
  • Long-term debt: Long-term debt was $30.000 million as of September 30, 2026, with no current portion remaining, compared to a $35.000 million current portion of long-term debt at December 31, 2025.
  • Operating cash flow: Net cash provided by operating activities was $33.408 million for the nine months ended September 30, 2026, up from $24.293 million in the prior-year period.

Forrester Research Revenue and Loss Details for the Third Quarter of 2026

According to the filing, Forrester Research (NASDAQ:FORR) reported total revenues of $86.107 million for the three months ended September 30, 2026, compared to $94.295 million for the same period in 2025. The revenue breakdown for Q3 2026 consisted of Research at $70.138 million, Consulting at $14.744 million, and Events at $1.225 million. For the nine months ended September 30, 2026, total revenues were $271.794 million, down from $295.830 million in the prior-year period.

The company reported a loss from operations of $12.851 million for the nine-month period, compared to a loss of $76.178 million in the same period of 2025. The nine-month figures reflect a goodwill impairment charge of $10.800 million recorded in the current year, versus $83.895 million in 2025. For Q3 2026 alone, the company disclosed income from operations of $2.381 million, against $4.457 million in Q3 2025. Income tax expense of $6.887 million in Q3 2026 contributed to the quarterly net loss of $4.421 million despite positive pre-tax income of $2.466 million.

On the balance sheet, total assets were $374.629 million as of September 30, 2026, down from $404.034 million at December 31, 2025. Deferred revenue, a key metric for subscription-based research businesses, stood at $135.049 million. Property and equipment, net, increased to $31.770 million from $11.217 million at year-end 2025, with purchases of property and equipment totaling $24.771 million for the nine months. Total stockholders' equity was $109.154 million as of September 30, 2026, compared to $126.525 million at December 31, 2025. The company repurchased $11.294 million of common stock during the nine-month period, according to the cash flow statement.

What Was Disclosed

Forrester Research filed its quarterly report covering the period ended September 30, 2026, disclosing a Q3 net loss of $4.421 million, a year-to-date goodwill impairment of $10.800 million, total assets of $374.629 million, and operating cash inflows of $33.408 million for the nine-month period.