FORR

FORRESTER RESEARCH, INC.

9 filings tracked

communication servicesmarket researchMID ($2B-10B)

Signal Magnitude Chart

bullish

bearish

neutral

Signal Timeline

bearishMay 13

Increase of 450,000 shares in the Employee Stock Purchase Plan leads to equity dilution.

dilution risk

30%

neutralMay 13

Re-election of six board members ensures leadership continuity.

management change

10%

bullishMay 13

Strategic use of equity to secure human capital for long-term growth.

capital raise

40%

bearishMay 13

Increase of 450,000 shares in the Employee Stock Purchase Plan leads to equity dilution.

dilution risk

30%

neutralMay 13

Re-election of six board members ensures leadership continuity.

management change

10%

bullishMay 13

Strategic use of equity to secure human capital for long-term growth.

capital raise

40%

bearishMay 8

Total revenues decreased 5% year-over-year to $85.5 million.

earnings miss

70%

bearishMay 8

Operating expenses exceed 100% of total revenues.

margin compression

60%

bearishMay 8

Anticipated 2026 consulting revenues to decline in the low 20 percent range.

guidance cut

50%

neutralMay 8

Credit facility maturity extended to 2029 but total capacity reduced to $50 million.

debt restructure

40%

bearishMay 8

Total revenues decreased 5% year-over-year to $85.5 million.

earnings miss

70%

bearishMay 8

Operating expenses exceed 100% of total revenues.

margin compression

60%

bearishMay 8

Anticipated 2026 consulting revenues to decline in the low 20 percent range.

guidance cut

50%

neutralMay 8

Credit facility maturity extended to 2029 but total capacity reduced to $50 million.

debt restructure

40%

bearishMay 8

Total revenues decreased 5% year-over-year to $85.5 million.

earnings miss

70%

bearishMay 8

Operating expenses exceed 100% of total revenues.

margin compression

60%

bearishMay 8

Anticipated 2026 consulting revenues to decline in the low 20 percent range.

guidance cut

50%

neutralMay 8

Credit facility maturity extended to 2029 but total capacity reduced to $50 million.

debt restructure

40%

bearishMay 8

Total revenues decreased 5% year-over-year to $85.5 million.

earnings miss

70%

bearishMay 8

Operating expenses exceed 100% of total revenues.

margin compression

60%

bearishMay 8

Anticipated 2026 consulting revenues to decline in the low 20 percent range.

guidance cut

50%

neutralMay 8

Credit facility maturity extended to 2029 but total capacity reduced to $50 million.

debt restructure

40%

bearishMay 8

Total revenues decreased 5% year-over-year to $85.5 million.

earnings miss

70%

bearishMay 8

Operating expenses exceed 100% of total revenues.

margin compression

60%

bearishMay 8

Anticipated 2026 consulting revenues to decline in the low 20 percent range.

guidance cut

50%

neutralMay 8

Credit facility maturity extended to 2029 but total capacity reduced to $50 million.

debt restructure

40%

bearishMay 8

Total revenues decreased 5% year-over-year to $85.5 million.

earnings miss

70%

bearishMay 8

Operating expenses exceed 100% of total revenues.

margin compression

60%

bearishMay 8

Anticipated 2026 consulting revenues to decline in the low 20 percent range.

guidance cut

50%

neutralMay 8

Credit facility maturity extended to 2029 but total capacity reduced to $50 million.

debt restructure

40%

bearishMay 8

Total revenues decreased 5% year-over-year to $85.5 million.

earnings miss

70%

bearishMay 8

Operating expenses exceed 100% of total revenues.

margin compression

60%

bearishMay 8

Anticipated 2026 consulting revenues to decline in the low 20 percent range.

guidance cut

50%

neutralMay 8

Credit facility maturity extended to 2029 but total capacity reduced to $50 million.

debt restructure

40%

Filing History

8-KMay 13, 2026

The 8-K filing confirms that Forrester Research has successfully navigated its annual meeting, securing mandates for its board, auditors, and a significant expansion of its employee equity program. The core tension for investors lies in whether the 450,000-share increase is a prudent investment in human capital or an unnecessary dilution of value. While the company maintains strong formal support, the nuanced dissent in the voting data suggests that the market is weighing the trade-off between talent stability and share count inflation. Ultimately, the filing signals a commitment to current management's strategic direction, though the long-term impact will depend on the company's ability to translate this talent alignment into measurable earnings growth.

10-QMay 8, 2026

The Q1 2026 filing presents a company at a crossroads, attempting to trade top-line growth for structural profitability. The shift toward a research-centric model is a logical response to the current macroeconomic environment and the rise of AI, but the execution remains fraught with risk. While the improvement in retention metrics is a positive signal, it is currently offset by a decline in absolute contract value and a persistent inability to achieve operating profitability. Ultimately, investors must weigh the potential for a successful AI-driven re-rating against the reality of a shrinking revenue base and a history of asset write-downs. The company's ability to stabilize CV and convert its deferred revenue into sustainable growth will be the deciding factor in whether this pivot is a genuine transformation or a managed decline.