Forrester Research, Inc. (FORR) SEC Filings & Earnings Calls

Goodwill impairment risk

“We may be required to record additional goodwill impairment charges.” · word for word

Revenue decline across segments

“Total revenues decreased 10% in Q2 2026 vs Q2 2025.”

Revenue still declining YoY; contract value down 3%.

“Total revenues for the second quarter of 2026 were $100.2 million, compared with $111.7 million for the comparable quarter in 2025.” · word for word

Goodwill Impairment Risk

“The Company may be required to record additional goodwill impairment charges. While management cannot predict if or when additional goodwill impairments may occur, future goodwill impairments could have material adverse effects on the Company's results of operations and financial condition.” · word for word

Revenue Decline Risk

“Total revenues decreased 5% year-over-year, driven by a 13% decline in consulting revenue and a 2% decline in research revenue.”

Restructuring Execution Risk

“The Company implemented a reduction in its workforce of approximately 8% across various geographies and functions to better align its cost structure with the revenue outlook for the year.” · word for word

Revenue and contract value declining; consulting revenue down 13% YoY.

“Revenue -4.9% YoY; contract value -3% YoY; consulting revenue -13.3%”

Revenue Decline

“revenues decreasing by approximately 8% to $396.9 million” · word for word

Performance Miss on Key Metrics

“The Company's actual CV bookings and modified operating income for 2025 were $282.4 million and $19.5 million, respectively, resulting in 2% of each named executive officer's target award being payable.” · word for word

Goodwill Impairment

“goodwill impairment charges of approximately $110.7 million” · word for word

CEO Succession Risk

“The Board of Directors periodically reviews succession planning for the Company's senior management including planning for the succession of Mrs. Gordon.”

Further Goodwill Impairment Risk

“Subsequent to December 31, 2025, we have observed a continued decline in the price of our stock. If our stock price remains at the current level, and after considering other qualitative factors, there may be a triggering event indicating goodwill may be impaired in our Research reporting unit.” · word for word

AI Disruption Risk

“third parties may be able to use generative AI to compete with and reduce demand for our products and services or may load our proprietary research into large language models in violation of our terms of use” · word for word

Concentration of Ownership Risk

“Our largest stockholder is our Chairman and CEO, George F. Colony, who owns approximately 39% of our outstanding stock.” · word for word

Debt Covenant Risk

“A failure to comply with these covenants could result in acceleration of all amounts outstanding, which could materially impact our financial condition” · word for word

Goodwill impairment risk: $110.7M in FY2025 indicates potential overpayment for acquisitions and reduced future earnings.

“non-cash goodwill impairment charges of $110.7 million” · word for word

Revenue decline trend: FY2026 guidance implies 9-13% decline, suggesting continued demand weakness.

“Total revenues of approximately $345.0 million to $360.0 million, or a decline of 13% to 9% versus the prior year” · word for word

Restructuring execution risk: $11.7M in FY2025 costs with uncertain impact on CV growth.

“restructuring costs of $11.7 million” · word for word

Goodwill impairment risk

“We may be required to record additional goodwill impairment charges. While we cannot predict if or when additional goodwill impairments may occur, future goodwill impairments could have material adverse effects on our results of operations and financial condition.” · word for word

Macroeconomic and trade policy uncertainty

“uncertainty created by changes in the United States’ trade policies, and the larger than expected decline in contract bookings during the first quarter of 2025” · word for word

Declining contract bookings

“the larger than expected decline in contract bookings during the first quarter of 2025” · word for word

Revenue decline and contract value shrinkage signal ongoing market uncertainty and potential client budget constraints

“Total revenues for the third quarter of 2025 were $94.3 million, compared with $102.5 million for the comparable quarter in 2024.” · word for word

Goodwill impairment of $83.9 million in Q1 2025 indicates prior overvaluation and potential further write-downs

“we exclude the $83.9 million goodwill impairment charge incurred during the first quarter of 2025” · word for word