Business Context and Reporting Period
Company: Forrester Research, Inc.
Filing Type: Form 8-K (Current Report)
Report Date: July 31, 2025
Reporting Period: Quarter ended June 30, 2025
This filing serves as a notification of the press release issued on July 31, 2025, announcing financial results for the second quarter of fiscal year 2025. The registrant is incorporated in Delaware and trades on the Nasdaq Global Select Market under the symbol FORR.
Key Financial Metrics
The filing text does not provide specific numerical 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 data within the body of this 8-K.
Notable Non-GAAP Adjustments Disclosed:
- Goodwill Impairment: Excluded an $83.9 million charge incurred in the first quarter of 2025 from adjusted results.
- Amortization: Excludes amortization of acquisition-related intangible assets.
- Investment Gains/Losses: Excludes gains/losses on non-marketable securities and credit losses/recoveries on the FeedbackNow note receivable.
- Stock-Based Compensation: Excluded from adjusted results.
- Restructuring Costs: Excludes costs related to reductions in force and office space asset impairments.
Material Changes
The filing does not explicitly state material changes in financial performance versus the prior comparable period. It notes that the company excludes specific items (such as the Q1 2025 goodwill impairment) from its adjusted results to ensure consistent quarter-over-quarter and year-over-year comparisons.
Guidance, Outlook, and Risks
Management Commentary: Management states that adjusted financial results provide consistent and comparable information to aid investor understanding and are used for internal business management and compensation targets. The filing emphasizes that these non-GAAP measures should be considered in addition to, not as a substitute for, GAAP operating income.
Risks and Contingencies: The filing does not detail specific new risks or contingencies beyond the standard disclosure that non-GAAP measures are not substitutes for GAAP measures. The exclusion of restructuring costs implies ongoing operational adjustments regarding workforce and office space.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, earnings per share, and cash flow figures for the quarter ended June 30, 2025.
- Verify the reconciliation between GAAP and non-GAAP results, specifically regarding the $83.9 million goodwill impairment from Q1 2025.
- Confirm the impact of restructuring costs and stock-based compensation on net income.
- Check for any updated forward-looking guidance or outlook statements in the referenced press release.