Stock Ratings / Industrials / FORR / financials

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Forrester Research Inc. (FORR) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$12.18 +1.16% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $12.18

Forrester Research Inc. (FORR) carries a Roarable Rating of D (Sell) with 51/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 51/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.3% avg 90D alpha vs SPY) →

ROARABLE D • SELL / AVOID Cap $231.9M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $12.18 (+0.02%)🧬 Disciplined Float (-0.40% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 4.6% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 51/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.3% avg 90D alpha vs SPY • 49.7% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-3.1% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FORR)Realized 20D OHLCV Swing Band: ±9.1%

Deterministic 5-Pillar Attribution (51/100 Composite)

🔍 WHY FORR SCORES 51/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+16/20 pts (31% of score)

FRED Regime × Technicals: 93% of 52W Range • RSI-14 at 39.1 (NEUTRAL RANGE)

▲ #2 Bullish Driver: Whale & Options Positioning+11/20 pts (22% of score)

20D Institutional Volume Accumulation (±9.1% realized swing band)

▼ #1 Drag / Risk Factor: SEC 10-K Forensic Risk6/20 pts (-14 pt drag)

Balance-sheet & 10-K footnote risk deducts 14 pts from forensic ceiling

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$11.39+3.2% Next Q

Q2 (-2Q)

Grade D$11.75+6.2% Next Q

Q3 (-1Q)

Grade D$12.48-2.4% Next Q

Current

Grade D$12.18-1.3% Hist 90D α

Trajectory: D (43) → D (51)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a FORR Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While FORR currently carries a cautious 51/100 (D) rating due to SEC 10-K Forensic Risk (6/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($11.80) and Max Pain ($12.79) forces dealer call-delta covering toward $13.92.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FORR• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “FORR Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 51%NO 49%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How FORR Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$18.1M (4.6% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $480.8M

FY24

Rev $432.5M

FY25

Rev $396.9M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$396.9M	57%	-28.5%	-$119.4M	$18.1M	-45%
FY 2024	$432.5M	57.8%	0.2%	-$5.7M	-$7.3M	0.3%
FY 2023	$480.8M	57%	1.4%	$3.0M	$21.7M	-35%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FORR)

✓Walkthrough of FORR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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FORR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +93.64%📐 HORIZONTAL RANGE

2026-10-30O $12.40H $12.56L $10.82C $12.18VOL 177.2K

RES: $14.29SUP: $10.68SMA50: $11.80SMA200: $8.58

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FORR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FORR Butterfly Map → + Track FORR →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. -8.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FORR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FORR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for FORR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FORR)

Industrials Rank #289 of 485 ⚔️ NVRI vs FORR Full Matrix →

1. Head-to-Head Industrials Peer Comparison (FORR vs. NVRI, GLXG, WSE, PAYX)

Industry: Diversified Commercial Services (32 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, Forrester Research Inc. (FORR) ranks #289 by composite RQD confidence (51/100, grade D) and #348 by equity capitalization ($231.9M). Within this direct 5-issuer industry benchmark cohort, PAYX leads on earnings valuation at 22.1x trailing P/E, while PAYX leads on capital efficiency and profitability with 28.6% ROIC and 73.4% gross margin. PAYX currently holds the highest overall quantitative score in the immediate peer group at 81/100 (A-) compared with FORR at 51/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FORR ACTIVE Forrester Research Inc.	D	51/100	—	57.0%	-35.0%	+1.16%	$231.9M	Benchmark Subject
NVRI Enviri Corporation	D	51/100	—	—	—	-2.16%	$535.0M	/nvri-vs-forr →
GLXG Galaxy Payroll Group Limited (Class A)	D	49/100	—	42.6%	—	-1.92%	$5.0M	/glxg-vs-forr →
WSE Wise Group plc (Class A)	C-	60/100	27.1x	—	—	+0.83%	$13.52B	/wse-vs-forr →
PAYX Paychex Inc.	A-	81/100	22.1x	73.4%	28.6%	+1.07%	$38.93B	/payx-vs-forr →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001023313

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Forrester Research Inc. (FORR) reported GAAP revenue of $396.9M (-8.2% vs. FY2024 revenue of $432.5M , and -17.4% cumulative change since FY2023) , GAAP net income of -$119.4M, operating cash flow of $21.1M, and free cash flow of $18.1M (+349.2% YoY). On the balance sheet, FORR closed FY2025 with $404.0M in total assets against $0 in total debt (Altman Z-Score: 0.66, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$396.9M	-$119.4M	$21.1M	$18.1M	$404.0M	$0
FY2024 (FY)	2024-12-31	$432.5M	-$5.7M	-$3.9M	-$7.3M	$503.9M	$35.0M
FY2023 (FY)	2023-12-31	$480.8M	$3.0M	$21.7M	$21.7M	—	—

3. FORR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FORR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Forrester Research Inc. (NASDAQ: FORR) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 51/100 at a spot price of $12.18 (+1.16% 1D, market cap $231.9M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 11/20, Executive Insider Alignment 6/20, FRED Macro Regime Fit 16/20, and SEC Balance-Sheet Forensics 9/20. Across 485 tracked Industrials issuers, FORR ranks #289 in composite RQD confidence.

How does FORR compare to NVRI and GLXG in the Industrials sector?

Within the Industrials sector (Diversified Commercial Services), FORR carries a Roarable D (51/100 RQD), trailing P/E of N/A, gross margin of 57.0%, and ROIC of -35.0%. By comparison, NVRI (Enviri Corporation) holds a D grade (51/100 RQD, P/E N/A, ROIC —, cap $535.0M) and GLXG (Galaxy Payroll Group Limited (Class A)) posts a D grade (49/100 RQD, P/E N/A, ROIC —, cap $5.0M). Among the 5-stock peer group, PAYX leads on earnings multiple (22.1x) while PAYX leads on capital efficiency (28.6% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FORR?

Per FORR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001023313), Forrester Research Inc. generated $396.9M in revenue (-8.2% YoY), -$119.4M in net income, and $18.1M in free cash flow against $404.0M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FORR trading relative to its 50-day, 200-day, and 52-week technical levels?

FORR last traded at $12.18 (+1.16% on volume of 169,043 shares), positioning the stock +3.22% above its 50-day simple moving average ($11.80) and +41.96% above its 200-day simple moving average ($8.58). Across its 52-week range of $4.88 to $12.75, FORR sits at the 92.8% percentile with a 14-day RSI of 39.1 (NEUTRAL RANGE) and an implied next-earnings move of ±9.1% ($11.07 to $13.29).

FORR Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Forrester Research Inc. (FORR)?

In FY 2025 (10-K), FORR converted $396.9M of revenue into a 57% gross margin, 0% operating margin, and $18.1M in free cash flow (4.6% FCF margin).

Direct Sub-Reports: FORR RQD Cockpit FORR 12M Forecast FORR Earnings & Move FORR Dividends & DRIP FORR Insiders & 13F FORR Whale Options FORR Profit Sankey FORR News & Why