<span item_type="fundamental" item_id="d829ea42854bb10e6a7829ad391f215b" counter_id="ST/US/FORR" env="prod"></span><span item_type="announcement" item_id="513202879128672641" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 89.88 M, missing the estimate of USD 90.7 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -4.62, missing the estimate of USD -0.17.</p><p>EBIT: As of FY2025 Q1, the actual value is USD -88.3 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Research</strong>: Revenue for the first quarter of 2025 was $68.4 million, compared to $76.6 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></li><li><strong>Consulting</strong>: Revenue for the first quarter of 2025 was $21.4 million, compared to $23.1 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></li><li><strong>Events</strong>: Revenue for the first quarter of 2025 was $0.03 million, compared to $0.36 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: GAAP net loss for the first quarter of 2025 was - $87.3 million, or - $4.62 per diluted share, compared to a net loss of - $6.7 million, or - $0.35 per diluted share, in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></li><li><strong>Adjusted Net Income</strong>: Adjusted net income for the first quarter of 2025 was $2.0 million, or $0.11 per diluted share, compared to $2.8 million, or $0.14 per diluted share, in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></li><li><strong>Operating Expenses</strong>: Total operating expenses for the first quarter of 2025 were $177.5 million, compared to $109.4 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Provided by Operating Activities</strong>: For the first quarter of 2025, net cash provided by operating activities was $26.7 million, compared to $0.6 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Contract Value</strong>: As of March 31, 2025, contract value was $290.9 million, down from $312.8 million as of March 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></li></ul><h3>Outlook / Guidance</h3><p>Forrester Research, Inc. expects total revenues for the full-year 2025 to be approximately $400.0 million to $415.0 million, representing a decline of 7.5% to 4.0% compared to the prior year. The company anticipates an operating margin of approximately negative 18.6% to negative 17.6% on a GAAP basis, and an adjusted operating margin of approximately 8.0% to 9.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1023313/000095017025064425/forr-ex99_1.htm"></span></p>

Forrester Research | 8-K: FY2025 Q1 Revenue Misses Estimate at USD 89.88 M