FORR · Forrester Research, Inc.

Forrester Research's Q1 2026 results showed revenues declining 5% year-over-year to $85.5 million, primarily from weaker Consulting at $18.6 million (down from $21.4 million) and Research at $66.9 million (down from $68.4 million), with Events near zero. The GAAP net loss narrowed significantly to $21.8 million from $87.3 million, driven by a smaller $10.8 million goodwill impairment versus $83.9 million last year. Adjusted results reflected an ongoing loss of $0.7 million versus prior-year income of $2.0 million, after excluding impairments, $2.7 million stock-based compensation, $2.1 million amortization, and $2.1 million restructuring. CEO George F. Colony highlighted momentum in metrics, AI enhancements for client integration, and improved go-to-market execution, prompting an increase in full-year revenue guidance to $350-360 million despite an 11.8-9.3% decline. Adjusted operating margins are guided at 6.0-6.5% with EPS of $0.72-0.82. Contract value fell 3% to $285.3 million, but retentions improved to 78% clients and 89% wallet. Balance sheet remains solid with $145.5 million cash against $35 million debt, and operating cash flow of $25.6 million supports liquidity. Restructuring and headcount reduction to 1,395 from 1,510 signal cost discipline amid AI-driven transformation.