What is the 13F Pro Quality Score for FORR?

13F Pro ranks FORRESTER RESEARCH, INC. (FORR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FORR's current score at https://13fpro.ai/research/FORR (free sign-up required for the full ranking).

Which hedge funds own the most FORR stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FORR include Portolan Capital Management,, BlackRock,, FIRST MANHATTAN CO.. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/FORR as soon as new 13F filings post.

Where does 13F Pro source FORR data?

All FORRESTER RESEARCH, INC. fundamentals and ownership data come directly from SEC EDGAR. FORRESTER RESEARCH, INC. files with the SEC under CIK 1023313. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FORR in?

FORRESTER RESEARCH, INC. (FORR) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is FORR research updated on 13F Pro?

FORR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

FORRESTER RESEARCH, INC.(FORR)Stock Analysis

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13F Pro Quality Score

28.9/100

Rank #2,427 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

13.3/100

Profitability

13.1/100

Balance Sheet

8.6/100

Earnings Quality

30.0/100

Free Cash Flow

65.5/100

Institutional Flow

89.2/100

Revenue Scale

32.9/100

Dilution Risk

33.0/100

FORR Stock Analysis & AI Quality Score

AI stock analysis and institutional research for FORRESTER RESEARCH, INC. (FORR), a Technology sector company. 13F Pro's AI-powered ranking engine scores FORR at 28.9/100 on a 32-signal composite quality model, placing it at rank #2,427 of 2,879 stocks — the bottom half of the AI-ranked universe. FORR scores in the top quartile across institutional flow (89.2). Areas of concern include balance sheet strength (8.6) and profitability (13.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 33.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), FORRESTER RESEARCH, INC. reports quarterly revenue of $85.5M, net income of $-21.8M, an operating margin of -21.8%. Top institutional holders of FORR by reported 13-F value include Portolan Capital Management,, BlackRock,, FIRST MANHATTAN CO., based on the most recent SEC filings. FORR trades on the Nasdaq exchange and files with the SEC under CIK 1023313. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FORR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FORRESTER RESEARCH, INC. directly from SEC EDGAR. FORRESTER RESEARCH, INC.'s 13F Pro composite quality score has ranged between 26 and 55 since 2021, currently 28.9 — a declining long-term trajectory across 28 quarterly and live scoring snapshots.

✦

Fun facts about FORRESTER RESEARCH, INC.

Quirks, history, and lore behind FORR — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology sector company · small-cap · listed on Nasdaq · headquartered in Massachusetts.
2
The Numbers
Annual revenue in the range of $500 million, with a business built almost entirely on subscription contracts and advisory retainers rather than products.
3
The History
Founded in 1983, it carved out a niche advising technology buyers and marketers at a time when corporate IT spending was just beginning to explode.
4
The Secret
Its real product is opinion — companies pay handsomely each year for access to analysts who tell them which vendors and technologies to trust (or ditch).
5
The Lore
Its proprietary wave reports and market-sizing frameworks are standard reading in enterprise boardrooms, and a bad rating here can genuinely tank a vendor's sales pitch.
6
The Giveaway
Named after its founder George Colony, this Cambridge-based research and advisory firm is the slightly-less-famous rival to Gartner — and proud of it.

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Revenue

Q1 2026

$85.5M

Net Income

Q1 2026

$-21.8M

Free Cash Flow

Q1 2026

$19.4M

Operating Margin

Q1 2026

-21.8%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-8.2% YoY

$396.9MFY 2025

FY22 $537.8MFY23 $480.8MFY24 $432.5MFY25 $396.9M

Net Income

-1976.9% YoY

$-119.4MFY 2025

FY22 $21.8MFY23 $3.0MFY24 $-5.7MFY25 $-119.4M

Operating Income

-15393.6% YoY

$-113.2MFY 2025

FY22 $32.7MFY23 $6.8MFY24 $740.0KFY25 $-113.2M

EPS (Diluted)

-1993.3% YoY

$-6.28FY 2025

FY22 $1.14FY23 $0.16FY24 $-0.30FY25 $-6.28

Total Assets

-19.8% YoY

$404.0MFY 2025

FY22 $608.4MFY23 $564.2MFY24 $503.9MFY25 $404.0M

Total Debt

+0.0% YoY

$35.0MFY 2025

FY22 $50.0MFY23 $35.0MFY24 $35.0MFY25 $35.0M

Op. Cash Flow

+646.0% YoY

$21.1MFY 2025

FY22 $39.4MFY23 $21.7MFY24 $-3.9MFY25 $21.1M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2019
Revenue	$396.9M -8.2%	$432.5M -10.0%	$480.8M -10.6%	$537.8M +8.8%	$494.3M +7.1%	$461.7M
Net Income	$-119.4M -1976.9%	$-5.7M -288.4%	$3.0M -86.0%	$21.8M -12.2%	$24.8M +359.6%	$-9.6M
Operating Income	$-113.2M -15393.6%	$740.0K -89.1%	$6.8M -79.3%	$32.7M -15.5%	$38.6M +3494.6%	$1.1M
EPS (Diluted)	$-6.28 -1993.3%	$-0.30 -287.5%	$0.16 -86.0%	$1.14 -10.9%	$1.28 +146.2%	$0.52
Total Assets	$404.0M -19.8%	$503.9M -10.7%	$564.2M -7.3%	$608.4M -10.5%	$680.1M +6.4%	$639.2M
Total Debt	$35.0M +0.0%	$35.0M +0.0%	$35.0M -30.0%	$50.0M -33.3%	$75.0M -46.4%	$139.9M
Operating Cash Flow	$21.1M +646.0%	$-3.9M -117.8%	$21.7M -45.0%	$39.4M -63.2%	$107.1M +121.2%	$48.4M

AI Insight: FORR Financial Trends

Equity has collapsed 55% from $237M to $106M over eight quarters as recurring operating losses erode the balance sheet.

• Revenue declined year-over-year in the latest quarter: $85M in Q1 2026 vs. $90M in Q1 2025, a 5.6% drop.

• Operating income swung from -$88M in Q1 2025 to -$19M in Q1 2026, a meaningful improvement but still deeply negative.

• Equity eroded from $147M in Q1 2025 to $106M in Q1 2026, driven by persistent net losses across nearly every quarter.

• Operating cash flow turned positive at $26M in Q1 2026, matching Q1 2025's $27M — the only consistent bright spot.

⚠ Q4 2025 net loss of -$34M and Q1 2026 loss of -$22M suggest accelerating equity burn; book value now just $106M.

⚠ Revenue has trended down four consecutive quarters from $122M in Q2 2024 to $85M in Q1 2026 — structural contraction risk.

⚠ Debt held flat at $35M throughout; watch whether covenant headroom tightens as equity cushion continues to shrink.

AI Insight: FORR Ratio Trends

Forrester's financials have collapsed into deep losses, with Q4 2025 and Q1 2026 showing severe multi-quarter deterioration across every profitability metric.

• Operating margin swung from 6.2% in Q2 2025 to -36.6% in Q4 2025 and -21.8% in Q1 2026, signaling accelerating operational deterioration.

• ROIC collapsed from 14.3% in Q2 2025 to -91.6% in Q4 2025 and -52.8% in Q1 2026, erasing returns built earlier in 2024.

• D/E ratio rose from 0.15 in Q2–Q4 2024 to 0.33 by Q1 2026, indicating modest but steady leverage increase alongside worsening losses.

• TTM net profit margin stands at -13.7% and ROA at -13.2%, confirming losses are not isolated to a single quarter.

⚠ Q1 2025 showed extreme -97.5% operating margin — likely a large one-off charge. Confirm whether Q4 2025 losses stem from a similar event.

⚠ D/E has more than doubled from 0.15 to 0.33 in four quarters; monitor whether leverage continues rising as losses persist.

⚠ Q2 2025 showed a brief profitability recovery (OpMargin 6.2%, ROIC 14.3%) — watch if Q2 2026 repeats that seasonal pattern.

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Available Research

13F Pro tracks comprehensive data for FORRESTER RESEARCH, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FORR

Portolan Capital Management, LLC
$8.7M1,541,276 sh
BlackRock, Inc.
$5.1M907,377 sh
FIRST MANHATTAN CO. LLC.
$4.2M750,000 sh
Pacific Ridge Capital Partners, LLC
$4.0M710,847 sh
Nantahala Capital Management, LLC
$3.9M694,422 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.8M486,922 sh
ArrowMark Colorado Holdings LLC
$2.7M472,952 sh
RENAISSANCE TECHNOLOGIES LLC
$2.5M436,706 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$2.2M389,254 sh
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
$2.2M383,589 sh

Fund	Value	Shares
Portolan Capital Management, LLC	$8.7M	1,541,276
BlackRock, Inc.	$5.1M	907,377
FIRST MANHATTAN CO. LLC.	$4.2M	750,000
Pacific Ridge Capital Partners, LLC	$4.0M	710,847
Nantahala Capital Management, LLC	$3.9M	694,422
VANGUARD CAPITAL MANAGEMENT LLC	$2.8M	486,922
ArrowMark Colorado Holdings LLC	$2.7M	472,952
RENAISSANCE TECHNOLOGIES LLC	$2.5M	436,706
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$2.2M	389,254
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	$2.2M	383,589

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Is FORR a good stock to buy?

13F Pro's AI-powered analysis of FORRESTER RESEARCH, INC. (FORR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FORR are available on the FORR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own FORR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FORR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FORRESTER RESEARCH, INC.'s investment landscape.