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Forrester Research Balance Sheet 2025-2008 | FORR
Brief overview of Forrester Research's assets and capital
This overview follows the five latest available annual observations between 2021 and 2025.
Assets finished at $404 million versus $680.1 million initially, losing -40.6%. The balance sheet contracted.
Asset growth of -40.6% was close to the -41.7% change in liabilities, leaving the funding profile broadly stable.
Equity finances 31.3% of the balance sheet, compared with 30% at the start. The cushion remains adequate.
The cash share moved from 17% to 15.7%. A higher figure generally provides more room in an adverse scenario.
By the end of the period, accumulated earnings were $52.6 million; the change from the start was -65.6%.
Balance sheet takeaway
Forrester Research's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet Forrester Research
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | -8.33 M | -23.7 M | -40 M | -27.8 M | 17 M | 62.6 M | -140 M | -79.8 M | -77 M | -53.3 M | -49.6 M | -74.1 M | -98.8 M | -81 M | - | - | - |
Long Term Debt |
- | 35 M | 35 M | 50 M | 75 M | 95.3 M | 121 M | - | - | - | - | - | - | - | - | - | - | - |
Long Term Debt Current |
7.38 M | 12.8 M | 14.2 M | 13.6 M | 13 M | 12 M | 12.2 M | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 212 M | 11.9 M | 8.96 M | 8.28 M | 9.24 M | 9.41 M | 10.1 M | 9.43 M | 17.6 M | 6.92 M | - | - |
Total Current Liabilities |
240 M | 204 M | 240 M | 269 M | 312 M | 270 M | 269 M | 190 M | 195 M | 177 M | 182 M | 182 M | 187 M | 181 M | 179 M | 172 M | - | - |
Total Liabilities |
278 M | 274 M | 324 M | 387 M | 476 M | 458 M | 481 M | 202 M | 204 M | 186 M | 192 M | 191 M | 198 M | 191 M | 197 M | 179 M | - | - |
Deferred Revenue |
- | - | - | - | - | - | 179 M | 135 M | 145 M | 134 M | 141 M | 145 M | 153 M | 150 M | 148 M | 132 M | - | - |
Retained Earnings |
52.6 M | 172 M | 178 M | 175 M | 153 M | 128 M | 118 M | 128 M | 123 M | 122 M | 117 M | 117 M | 118 M | 118 M | 105 M | 81.7 M | - | - |
Total Assets |
404 M | 504 M | 564 M | 608 M | 680 M | 644 M | 639 M | 354 M | 345 M | 336 M | 319 M | 333 M | 402 M | 488 M | 488 M | 450 M | - | - |
Cash and Cash Equivalents |
63.3 M | 56.1 M | 72.9 M | 104 M | 116 M | 90.3 M | 67.9 M | 140 M | 79.8 M | 77 M | 53.3 M | 49.6 M | 74.1 M | 98.8 M | 81 M | 86.9 M | 97.8 M | 129 M |
Book Value |
127 M | 230 M | 240 M | 222 M | 204 M | 186 M | 158 M | 152 M | 141 M | 150 M | 127 M | 142 M | 205 M | 297 M | 291 M | 272 M | - | - |
Total Shareholders Equity |
127 M | 230 M | 240 M | 222 M | 204 M | 186 M | 158 M | 152 M | 141 M | 150 M | 127 M | 142 M | 205 M | 297 M | 290 M | 272 M | 312 M | 303 M |
All numbers in USD currency
Quarterly Balance Sheet Forrester Research
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
35 M | 35 M | 35 M | 35 M | 35 M | 35 M | 35 M | 35 M | 35 M | 35 M | 35 M | 35 M | 35 M | 50 M | 50 M | - | 60 M | 75 M | 86.4 M | 89.3 M | 92.3 M | 95.3 M | 95.3 M | 95.3 M | 95.3 M | 121 M | 121 M | 121 M | 121 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.9 M | 11.4 M | 8.09 M | 8.4 M | 8.96 M | 8.96 M | 8.96 M | 8.96 M | 8.28 M | 8.28 M | 8.28 M | 8.28 M | 9.24 M | 9.24 M | 9.24 M | 9.24 M | 9.41 M | 9.41 M | 9.41 M | 9.41 M | 10.1 M | 10.1 M | 10.1 M | 10.1 M | 9.46 M | 9.43 M | 9.43 M | 9.43 M | 17.6 M | 17.6 M | 17.6 M | 17.6 M |
Total Liabilities |
295 M | 303 M | 257 M | 276 M | 292 M | 274 M | 271 M | 287 M | 325 M | 324 M | 303 M | 339 M | 371 M | 387 M | 371 M | - | 449 M | 476 M | 454 M | 467 M | 471 M | 458 M | 458 M | 458 M | 458 M | 481 M | 481 M | 481 M | 481 M | 202 M | 202 M | 202 M | 202 M | 204 M | 204 M | 204 M | 204 M | 186 M | 186 M | 186 M | 186 M | 192 M | 192 M | 192 M | 192 M | 191 M | 191 M | 191 M | 191 M | 198 M | 198 M | 198 M | 198 M | 191 M | 191 M | 191 M | 191 M | 197 M | 197 M | 197 M | 197 M |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 145 M | 133 M | 145 M | 156 M | 134 M | 134 M | 134 M | 134 M | 141 M | 141 M | 141 M | 141 M | 145 M | 145 M | 145 M | 145 M | 153 M | 153 M | 153 M | 153 M | 150 M | 150 M | 150 M | 150 M | 148 M | 148 M | 148 M | 148 M |
Retained Earnings |
46 M | 30.7 M | 86.4 M | 88.6 M | 84.7 M | 172 M | 172 M | 177 M | 171 M | 178 M | 178 M | 176 M | 171 M | 175 M | 176 M | - | 157 M | 153 M | 145 M | 140 M | 132 M | 128 M | 128 M | 128 M | 128 M | 118 M | 118 M | 118 M | 118 M | 128 M | 128 M | 128 M | 128 M | 123 M | 123 M | 123 M | 123 M | 122 M | 122 M | 122 M | 122 M | 117 M | 117 M | 117 M | 117 M | 117 M | 117 M | 117 M | 117 M | 118 M | 118 M | 118 M | 118 M | 118 M | 117 M | 118 M | 118 M | 105 M | 105 M | 105 M | 105 M |
Total Assets |
417 M | 409 M | 414 M | 436 M | 440 M | 504 M | 505 M | 524 M | 556 M | 564 M | 536 M | 571 M | 594 M | 608 M | 585 M | - | 652 M | 680 M | 655 M | 668 M | 664 M | 644 M | 644 M | 644 M | 644 M | 639 M | 639 M | 639 M | 639 M | 354 M | 354 M | 354 M | 354 M | 345 M | 345 M | 345 M | 345 M | 336 M | 336 M | 336 M | 336 M | 319 M | 319 M | 319 M | 319 M | 333 M | 333 M | 333 M | 333 M | 402 M | 402 M | 402 M | 402 M | 488 M | 488 M | 488 M | 488 M | 488 M | 488 M | 488 M | 488 M |
Cash and Cash Equivalents |
59.5 M | 73.9 M | 65.1 M | 67.8 M | 75.6 M | 56.1 M | 62.8 M | 58.9 M | 61.4 M | 72.9 M | 102 M | 110 M | 104 M | 104 M | 98.7 M | 103 M | 112 M | 116 M | 129 M | 146 M | 126 M | 90.3 M | 90.3 M | 90.3 M | 90.3 M | 67.9 M | 67.9 M | 67.9 M | 67.9 M | 140 M | 140 M | 140 M | 140 M | 79.8 M | 79.8 M | 79.8 M | 79.8 M | 77 M | 77 M | 77 M | 77 M | 53.3 M | 53.3 M | 53.3 M | 53.3 M | 49.6 M | 49.6 M | 49.6 M | 49.6 M | 74.1 M | 74.1 M | 74.1 M | 74.1 M | 98.8 M | 98.8 M | 98.8 M | 98.8 M | 81 M | 81 M | 81 M | 81 M |
Book Value |
122 M | 106 M | 158 M | 160 M | 147 M | 230 M | 234 M | 237 M | 231 M | 240 M | 233 M | 232 M | 223 M | 222 M | 214 M | - | 202 M | 204 M | 201 M | 202 M | 192 M | 186 M | 186 M | 186 M | 186 M | 158 M | 158 M | 158 M | 158 M | 152 M | 152 M | 152 M | 152 M | 141 M | 141 M | 141 M | 141 M | 150 M | 150 M | 150 M | 150 M | 127 M | 127 M | 127 M | 127 M | 142 M | 142 M | 142 M | 142 M | 205 M | 205 M | 205 M | 205 M | 297 M | 297 M | 297 M | 297 M | 291 M | 291 M | 291 M | 291 M |
Total Shareholders Equity |
122 M | 106 M | 158 M | 160 M | 147 M | 230 M | 234 M | 237 M | 231 M | 240 M | 233 M | 232 M | 223 M | 222 M | 214 M | 210 M | 202 M | 204 M | 201 M | 202 M | 192 M | 186 M | 186 M | 186 M | 186 M | 158 M | 158 M | 158 M | 158 M | 152 M | 152 M | 152 M | 152 M | 141 M | 141 M | 141 M | 141 M | 150 M | 150 M | 150 M | 150 M | 127 M | 127 M | 127 M | 127 M | 142 M | 142 M | 142 M | 142 M | 205 M | 205 M | 205 M | 205 M | 297 M | 297 M | 297 M | 297 M | 290 M | 291 M | 291 M | 291 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Forrester Research, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Consulting
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
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Hudson Global
HSON
|
- | 0.05 % | $ 30.3 M |  USA |
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Global Internet of People
SDH
|
- | 1.0 % | $ 49.8 M |  China |
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ASGN Incorporated
ASGN
|
- | - | $ 1.03 B | USA |
 |
HeadHunter Group PLC
HHR
|
- | - | - |  Cyprus |
 |
IHS Markit Ltd.
INFO
|
- | -1.21 % | $ 50.9 B |  Bermuda |
 |
51job, Inc.
JOBS
|
- | -0.05 % | $ 4.11 B | China |
 |
Magal Security Systems Ltd.
MAGS
|
- | -3.95 % | $ 90.2 M |  Israel |
 |
Professional Diversity Network
IPDN
|
$ 0.26 | 8.6 % | $ 801 K | USA |
 |
Korn Ferry
KFY
|
$ 84.19 | 1.93 % | $ 4.33 B | USA |
 |
Heidrick & Struggles International
HSII
|
- | - | $ 1.2 B | USA |
 |
Staffing 360 Solutions
STAF
|
- | -23.82 % | $ 7.81 M | USA |
 |
Nielsen Holdings plc
NLSN
|
- | 0.02 % | $ 10.1 B |  Niderland |
 |
GEE Group
JOB
|
$ 0.25 | 8.2 % | $ 27.4 M | USA |
 |
Kforce
KFRC
|
$ 58.08 | 4.83 % | $ 1.03 B | USA |
 |
ShiftPixy
PIXY
|
- | -14.3 % | $ 3.31 M | USA |
 |
ManpowerGroup
MAN
|
$ 58.3 | 5.1 % | $ 2.72 B | USA |
 |
BGSF
BGSF
|
$ 5.66 | 1.98 % | $ 62.8 M | USA |
 |
Paychex
PAYX
|
$ 122.02 | 4.18 % | $ 43.8 B | USA |
|
7GC & Co. Holdings
VII
|
- | - | $ 124 M | USA |
 |
Equifax
EFX
|
$ 180.85 | 2.84 % | $ 22.3 B | USA |
 |
Booz Allen Hamilton Holding Corporation
BAH
|
$ 77.46 | 0.08 % | $ 9.46 B | USA |
 |
Exponent
EXPO
|
$ 67.1 | 0.84 % | $ 3.42 B | USA |
 |
Resources Connection
RGP
|
$ 4.22 | 0.12 % | $ 142 M | USA |
 |
Cross Country Healthcare
CCRN
|
- | - | $ 429 M | USA |
 |
Franklin Covey Co.
FC
|
$ 20.25 | 0.6 % | $ 262 M | USA |
 |
Barrett Business Services
BBSI
|
$ 32.24 | 5.87 % | $ 826 M | USA |
 |
Insperity
NSP
|
$ 52.2 | 6.58 % | $ 1.98 B | USA |
 |
TrueBlue
TBI
|
$ 10.23 | 1.24 % | $ 305 M | USA |
 |
HireQuest
HQI
|
$ 16.82 | 0.56 % | $ 235 M | USA |
 |
Robert Half International
RHI
|
$ 43.22 | 5.37 % | $ 4.33 B | USA |
 |
DHI Group
DHX
|
$ 3.94 | 0.51 % | $ 176 M | USA |
 |
TriNet Group
TNET
|
$ 68.75 | 4.91 % | $ 3.3 B | USA |
 |
TransUnion
TRU
|
$ 80.48 | 2.13 % | $ 15.6 B | USA |
 |
Verisk Analytics
VRSK
|
$ 181.67 | 3.08 % | $ 25.4 B | USA |
 |
Huron Consulting Group
HURN
|
$ 151.87 | 3.33 % | $ 2.65 B | USA |
 |
Upwork
UPWK
|
$ 8.49 | 3.1 % | $ 1.12 B | USA |
 |
FTI Consulting
FCN
|
$ 151.85 | 0.5 % | $ 4.94 B | USA |
 |
Volt Information Sciences, Inc.
VOLT
|
$ 38.77 | 1.04 % | $ 834 M | USA |
 |
Kelly Services Class B
KELYB
|
$ 23.94 | 1.14 % | $ 840 M | USA |
 |
Mastech Digital
MHH
|
$ 7.88 | 2.6 % | $ 92.6 M | USA |
 |
Greenpro Capital Corp.
GRNQ
|
$ 7.65 | 0.18 % | $ 61.3 M | China |
 |
ICF International
ICFI
|
$ 88.39 | 0.87 % | $ 1.63 B | USA |
 |
Kelly Services Class A
KELYA
|
$ 16.06 | 5.63 % | $ 564 M | USA |
 |
CRA International
CRAI
|
$ 168.33 | 0.26 % | $ 1.12 B | USA |
 |
Automatic Data Processing
ADP
|
$ 272.96 | 2.56 % | $ 110 B | USA |
 |
Thomson Reuters Corporation
TRI
|
$ 103.61 | 3.37 % | $ 46.5 B | USA |