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Forrester Research (FORR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Forrester Research (FORR) reported revenue of $86.1M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -14% from the quarter before. Operating margin was 2.8%, net loss $4.4M (5.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.1M | -14% | -9% |
| Operating profit | $2.4M | -30% | -47% |
| Net earnings | −$4.4M | -129% | — |
| Operating cash flow | $8.4M | — | +601% |
| Free cash flow | $1.9M | — | +253% |
What changed
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.
Questions
What was Forrester Research's revenue in the third quarter 2026?
Forrester Research (FORR) reported revenue of $86.1M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -14% from the quarter before.
Was Forrester Research profitable in the third quarter 2026?
Operating profit was $2.4M (2.8% of revenue) and net loss $4.4M.
Source: Forrester Research 10-Q on SEC EDGAR.