Filing Flows › Forrester Research (FORR) › Q1 2026
Forrester Research (FORR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Forrester Research (FORR) reported revenue of $85.5M for the first quarter 2026 (Q1 2026), -5% from a year earlier and -15% from the quarter before. Operating margin was -21.8%, net loss $21.8M (25.5% of revenue).
Forrester Research, Q1 2026: revenue $85.5M (-5% year over year), operating margin -21.8%, net loss $21.8M, operating cash flow $25.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $85.5M | -15% | -5% |
| Operating profit | −$18.6M | — | — |
| Net earnings | −$21.8M | — | — |
| Operating cash flow | $25.6M | — | -4% |
| Free cash flow | $19.4M | — | -26% |
What changed
Revenue was $85.5M in Q1 2026, down 5% year over year and down 15% from the previous quarter. Research Services was the largest line at 78% of revenue. Consulting Services Revenue lost $2.9M year over year (down 13%), 65% of the total change.
Operating costs exceeded revenue by $18.6M, an operating margin of -21.8%. Total costs fell 41% while revenue fell 5%. The quarter ended with a net loss of $21.8M, narrower than the previous quarter's $33.9M loss.
Operating cash flow was $25.6M (down 4% year over year). Non-cash charges added back $3.5M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $41.2M. Capital expenditures of $6.2M left free cash flow of $19.4M.
Questions
What was Forrester Research's revenue in the first quarter 2026?
Forrester Research (FORR) reported revenue of $85.5M for the first quarter 2026 (Q1 2026), -5% from a year earlier and -15% from the quarter before.
Was Forrester Research profitable in the first quarter 2026?
Operating loss was $18.6M (-21.8% of revenue) and net loss $21.8M.
Source: Forrester Research 10-Q on SEC EDGAR.