Forrester Research, Inc. FORR NASDAQ

NASDAQ Global Select • Industrials • Consulting Services • US • USD

SharesGrow Score

36/100

1/7 Pass

SharesGrow Intrinsic Value

$55.86

+876.6%

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Forrester Research, Inc. (FORR) generated $21.08M in operating cash flow for fiscal year 2025. After capital expenditures of $2.99M, free cash flow was $18.09M.

Free cash flow margin was 4.6% of revenue. Cash conversion ratio was -0.18x, suggesting some earnings are non-cash.

The company returned $2.54M in share buybacks to shareholders during the period.

Criteria supported by this page:

HEALTH (17/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (43/100, Fail) — limited free cash flow weakens the competitive position
INCOME (10/100) — Cash conversion ratio was -0.18x suggests some earnings are non-cash items

Overall SharesGrow Score: 36/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score

36/100

SG Score

View full scorecard →

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VALUE

100/100

Price-to-Earnings & upside

→ Valuation

✗

FUTURE

20/100

Analyst consensus

→ Forecast

PAST

50/100

→ Income

✗

HEALTH

17/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

43/100

Proven by this page

✗

GROWTH

15/100

→ Income

✗

INCOME

10/100

→ Income

Forrester Research, Inc. Cash Flow History

Metric	TTM	FY2025	FY2024	FY2023	FY2022
Operating Cash Flow	$21.08M	$21.08M	$-3.86M	$21.67M	$39.43M
Capital Expenditure	$-2.99M	$-2.99M	$-3.4M	$-5.5M	$-5.66M
Free Cash Flow	$18.09M	$18.09M	$-7.26M	$16.18M	$33.76M