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Forrester Research (FORR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Forrester Research (FORR) Q3 2026 earnings results →
Q3 2026 Revenue down 9% year over year to $86.1M · 5¢ of every $1 of revenue lost · operating margin 2.8%
Forrester Research made $86.1M in Q3 2026 (-9% Y/Y): Research Services $70.1M, Consulting Services Revenue $14.7M, Events Revenue $1.2M. Operating margin 2.8%, net loss $4.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $86.1M in Q3 2026, down 9% year over year and down 14% from the previous quarter. Research Services was the largest line at 81% of revenue. Consulting Services Revenue lost $6.7M year over year (down 31%), 82% of the total change.
Operating profit was $2.4M, a 2.8% margin (down 2.0 points year over year). Total costs fell 7% while revenue fell 9%. The quarter ended with a net loss of $4.4M, after a profit of $15.3M the previous quarter.
Operating cash flow was $8.4M (up 601% year over year). Non-cash charges added back $3.6M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $6.6M. Capital expenditures of $6.5M left free cash flow of $1.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $86.1M | -9% | 2.8% | −$4.4M | $8.4M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $100M | -10% | 3.4% | $15.3M | −$555K |
| Q1 2026 | 10-Q | May 8, 2026 | $85.5M | -5% | -21.8% | −$21.8M | $25.6M |
| Q4 2025 | 10-K | Mar 13, 2026 | $101M | -6% | -36.6% | −$33.9M | −$3.2M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $94.3M | -8% | 4.7% | −$2.1M | $1.2M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $112M | -8% | 6.2% | $3.9M | −$3.6M |
| Q1 2025 | 10-Q | May 12, 2025 | $89.9M | -10% | -97.5% | −$87.3M | $26.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Forrester Research
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We empower leaders in technology, customer experience, digital, marketing, revenue, and product functions to make confident decisions in an AI-driven world and accelerate growth through customer obsession. Our unique research and continuous guidance model helps executives and their teams achieve their initiatives and outcomes faster and with confidence. To learn more, visit Forrester.com.
In its own words, from its 8-K, filed Jul 30, 2026.
Forrester Research against its Services-Engineering, Accounting, Research, Management peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FORR Forrester Research | Q3 2026 | $86.1M | -9% | 2.8% |
| PAYX Paychex | Q1 FY27 | $1.6B | +6% | 38.0% |
Source: Forrester Research 10-Q on SEC EDGAR · CIK 1023313 · Services-Engineering, Accounting, Research, Management
Guidance and outlook
13F: who owns FORR and who is buying
More on FORR
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Forrester Research guidance history: guided vs reported
- Forrester Research free cash flow by quarter
- Forrester Research capital expenditures by quarter
- Forrester Research Research Services revenue by quarter
- Forrester Research Consulting Services Revenue revenue by quarter
- Forrester Research Events Revenue revenue by quarter