'Volatile' Market Takes a Tithe of Forrester Q1 Revenue

Tech consultancy Forrester Research has announced results for the first quarter of 2025, with revenue down 10.2% to $89.9m. A huge reported net loss of $87.3m comes almost entirely from a goodwill impairment charge of $83.9m: excluding this and other factors, net income fell from $3.4m to $2.5m.

Chairman and CEO George F. Colony (pictured) says of the figures: 'We expect 2025 to be marked by volatility, and this is reflected in our first-quarter metrics and the decline in revenue. However, we continue to manage our costs, generated solid cash flow in Q1, and are maintaining our 2025 guidance. These uncertain times also present an opportunity to be on the side and by the side of our clients. Our unique research and continuous guidance model is built precisely for these moments - to help our clients optimize costs, manage risk efficiently, adapt to change faster, and lead with confidence.'

For the full year 2025 the company is forecasting revenue in the range of $400.0m to $415.0m, a decline of between 4% and 7.5% year on year. GAAP operating margin is forecast at negative 18.6% to negative 17.6% - after adjustments for the impairment charge and other one-off events this translates to adjusted operating margin of c.8.0% to 9.0%.

Forrester, whose revenue also fell 10% during the full year 2024, is online at www.forrester.com .