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

+845.2%

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Forrester Research, Inc. (FORR) generated $-3.21M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $1.06M, free cash flow was $-4.28M.

Free cash flow margin was -4.2% of revenue. Cash conversion ratio was 0.09x, suggesting some earnings are non-cash.

The company returned $133K in share buybacks to shareholders during the quarter.

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 0.09x 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 →

✓

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	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Operating Cash Flow	$21.08M	$-3.21M	$1.2M	$-3.63M	$26.72M
Capital Expenditure	$-2.99M	$-1.06M	$-673K	$-602K	$-648K
Free Cash Flow	$18.09M	$-4.28M	$524K	$-4.23M	$26.08M