FORRESTER RESEARCH, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $326.1m $337.7m $357.6m $461.7m $449.0m $494.3m $537.8m $480.8m $432.5m $396.9m
Cost of Revenue $119.3m $119.5m $129.7m $182.6m $159.2m $178.4m $212.3m $204.5m $182.5m $170.7m
Gross Profit (derived) $206.8m $218.2m $227.9m $279.1m $289.7m $315.9m $325.5m $276.3m $249.9m $226.2m
Operating Income (Loss) $30.8m $27.5m $22.4m ($1.1m) $16.2m $38.6m $32.7m $6.8m $740k ($113.2m)
Additional Financial Items
Amortization of Intangible Assets $831k $781k $1.2m $22.6m $19.7m $15.1m $13.2m $12.0m $9.6m $8.7m
Capitalized Computer Software, Amortization $4.2m $5.1m $4.9m $5k $4.8m $4.7m $4.3m $3.2m
Foreign Currency Transaction Gain (Loss), before Tax $81k ($632k) ($603k) ($933k) ($582k) $1.5m ($200k) ($300k) ($800k) ($700k)
Foreign Currency Transaction Gain (Loss), Realized $100k ($600k)
Gain (Loss) on Investments ($805k) $426k $45k $2.5m $0 $309k $208k $814k $2k
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $110.7m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $22.3m $20.1m $17.7m ($14.6m) $7.2m $22.4m $16.6m ($4.1m) ($1.8m) ($123.8m)
Realized Investment Gains (Losses) ($800k) ($500k) $600k $2.5m $300k
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $30.7m $27.4m $23.5m ($9.6m) $12.9m $33.2m $30.7m $6.3m $2.6m ($119.4m)
Net Income (Loss) Attributable to Parent $17.7m $15.1m $15.4m ($9.6m) $10.0m $24.8m $21.8m $3.0m ($5.7m) ($119.4m)
Earnings Per Share, Basic $0.98 $0.84 $0.85 ($0.52) $0.53 $1.30 $1.15 $0.16 ($0.30) ($6.28)
Earnings Per Share, Diluted $0.97 $0.83 $0.84 ($0.52) $0.53 $1.28 $1.14 $0.16 ($0.30) ($6.28)
Common Stock, Dividends, Per Share, Declared $0.72 $0.76 $0.80 ($0.52) $0.53 $1.30 $1.15 $0.16 ($0.30) ($6.28)
Weighted Average Number of Shares Outstanding, Basic 18.0m 17.9m 18.1m 18.5m 18.8m 19.1m 19.0m 19.2m 19.1m 19.0m
Weighted Average Number of Shares Outstanding, Diluted 18.3m 18.2m 18.4m 18.5m 18.9m 19.4m 19.2m 19.3m 19.1m 19.0m
Selling, General and Administrative Expense $174.2m $189.8m $200.5m $248.6m $248.1m $261.8m $270.4m $250.8m $235.8m $218.4m
Other Nonoperating Income (Expense) $740k $301k $674k ($515k) ($374k) ($1.2m) $222k $2.4m $4.1m $3.8m
Costs and Expenses $295.3m $310.1m $335.1m $462.8m $432.8m $455.7m $505.1m $474.0m $431.7m $510.1m
Current Income Tax Expense (Benefit) $10.5m $5.8m $5.2m $3.9m $4.6m $8.6m $15.6m $8.7m $8.4m $3.9m
General and Administrative Expense $40.6m $41.9m $43.9m $53.0m $50.4m $58.1m $67.7m $68.5m $58.8m $52.7m
Interest Expense $8.1m $5.3m $4.2m $2.5m $3.1m $3.0m $2.7m
Selling and Marketing Expense $116.9m $123.9m $131.8m $172.9m $166.2m $170.9m $181.9m $167.4m $159.6m $149.5m
Income Tax Expense (Benefit) $13.1m $12.2m $8.1m ($29k) $2.9m $8.3m $8.9m $3.2m $8.4m ($49k)
Interest Income (Expense), Net ($3.1m) ($3.0m) ($2.7m)