Forrester Research, Inc. announced its first-quarter 2025 financial results, reporting total revenues of $89.9 million, down from $100.1 million in the prior year. The company posted a net loss of $87.3 million, or $4.62 per diluted share, which includes an $83.9 million non-cash goodwill impairment charge. Despite the decline, Forrester generated solid cash flow and reaffirmed its 2025 guidance.
Total revenues for Q1 2025 were $89.9 million, a decrease from $100.1 million in Q1 2024.
The company reported a GAAP net loss of $87.3 million, or $4.62 per diluted share, largely due to an $83.9 million goodwill impairment charge.
Adjusted net income for Q1 2025 was $2.0 million, or $0.11 per diluted share, compared to $2.8 million, or $0.14 per diluted share, in Q1 2024.
Contract value stood at $290.9 million, down 7% compared to the prior year.
Forrester is providing full-year 2025 guidance with total revenues expected to be between $400.0 million and $415.0 million, representing a decline of 7.5% to 4.0% versus the prior year. The company anticipates a GAAP diluted loss per share of approximately $4.23 to $4.08 and adjusted diluted earnings per share of approximately $1.20 to $1.35.
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