Forrester Research, Inc. 8-K Summary
Business Context and Reporting Period
Forrester Research, Inc. (Nasdaq: FORR) filed a Current Report on Form 8-K on May 6, 2025, announcing financial results for the quarter ended March 31, 2025. The company provides market research and advisory services.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. It references a press release (Exhibit 99.1) containing these details but does not include the numerical data within the 8-K body.
However, the filing explicitly identifies a significant non-GAAP adjustment item:
- Goodwill Impairment: An $83.9 million charge was incurred during the first quarter of 2025.
Material Changes and Adjustments
Management utilizes adjusted financial results to present ongoing business performance, excluding the following items from adjusted metrics:
- Amortization of acquisition-related intangible assets.
- Gains and losses from investments, including credit losses or recoveries on the note receivable from the divestiture of FeedbackNow.
- The $83.9 million goodwill impairment charge.
- Stock-based compensation expense.
- Restructuring costs related to reductions in force and asset impairment charges from office space reductions.
Guidance, Outlook, and Risks
The filing text does not contain specific forward-looking guidance, outlook figures, or detailed risk factors. It notes that adjusted measures should be considered in addition to, not as a substitute for, GAAP operating income.
Investor Verification Checklist
- Verify the specific revenue and net income figures in the attached Press Release (Exhibit 99.1).
- Confirm the impact of the $83.9 million goodwill impairment on GAAP net income versus adjusted EBITDA.
- Review the details of restructuring costs and office space reductions to assess future cash flow implications.
- Check for any updated guidance or commentary on the FeedbackNow note receivable status.