Filing Flows › Forrester Research (FORR) › Q3 2026 › vs Q3 2025
Forrester Research (FORR) Q3 2026 vs Q3 2025 (year over year)
Forrester Research's revenue fell $8.2M (-9%) from $94.3M in Q3 2025 to $86.1M in Q3 2026. The biggest changes: Consulting Services Revenue −$6.7M (-31%); Research Services −$2.5M (-3%); Events Revenue +$1.1M (+629%).
Forrester Research, Q3 2026: revenue $86.1M (-9% year over year), operating margin 2.8%, net loss $4.4M, operating cash flow $8.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 2.2% | 0.6% | +1.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Research Services | $70.1M | $72.7M | −$2.5M | -3% |
| Consulting Services Revenue | $14.7M | $21.5M | −$6.7M | -31% |
| Events Revenue | $1.2M | $168K | $1.1M | +629% |
| Revenue | $86.1M | $94.3M | −$8.2M | -9% |
| Net loss | $4.4M | $2.1M | $2.3M | +108% |
| Costs & expenses | $90.6M | $96.4M | −$5.8M | -6% |
| Operating costs | $83.7M | $89.8M | −$6.1M | -7% |
| Income tax | $6.9M | $437K | $6.5M | 16× |
| Cost of revenue | $34.5M | $37.7M | −$3.2M | -9% |
| SG&A | $48.7M | $51.3M | −$2.6M | -5% |
| Other operating costs | $564K | $835K | −$271K | -32% |
| Operating cash sources | $12.8M | $3.3M | $9.5M | +285% |
| Depreciation & amortization | $3.6M | $3.7M | −$111K | -3% |
| Share-based compensation | $2.6M | $3.4M | −$790K | -23% |
| Working capital & other | $6.6M | −$3.8M | $10.4M | — |
| Net loss absorbed | $4.4M | $2.1M | $2.3M | +108% |
| Operating cash flow | $8.4M | $1.2M | $7.2M | +601% |
| Free cash flow (OCF − capex) | $1.9M | $524K | $1.3M | +253% |
| Capital expenditures | $6.5M | $673K | $5.9M | +871% |
Questions
How much did Forrester Research's revenue grow year over year in Q3 2026?
Forrester Research's revenue fell $8.2M (-9%) from $94.3M in Q3 2025 to $86.1M in Q3 2026.
What drove Forrester Research's revenue change in Q3 2026?
Consulting Services Revenue −$6.7M (-31%); Research Services −$2.5M (-3%); Events Revenue +$1.1M (+629%).