Quarterly ResultMay 6, 2026, 04:10 PM
Forrester Q1 GAAP Net Loss Narrows to $21.8M; Adjusted Loss $0.7M
AI Summary
Forrester Research reported its first-quarter 2026 financial results, with total revenues decreasing to $85.5 million from $89.9 million year-over-year. The company significantly narrowed its GAAP net loss to $21.8 million, or $1.14 per diluted share, compared to $87.3 million, or $4.62 per diluted share, in the prior year, primarily due to a much lower goodwill impairment charge. On an adjusted basis, Forrester reported a net loss of $0.7 million, or $0.04 per diluted share, a decline from an adjusted net income of $2.0 million in Q1 2025. The company also updated its full-year 2026 revenue guidance, increasing the low-to-midpoint range, and provided adjusted diluted EPS guidance of $0.72 to $0.82.
Key Highlights
- Q1 2026 total revenues were $85.5 million, down 4.9% from $89.9 million in Q1 2025.
- Q1 2026 GAAP net loss narrowed to $21.8 million ($1.14 per diluted share) from $87.3 million ($4.62 per diluted share) in Q1 2025.
- Q1 2026 adjusted net loss was $0.7 million ($0.04 per diluted share), compared to adjusted net income of $2.0 million ($0.11 per diluted share) in Q1 2025.
- Contract value as of March 31, 2026, was $285.3 million, a 3% decrease year-over-year.
- Full-year 2026 GAAP revenue guidance is $350.0 million to $360.0 million, a decline of 11.8% to 9.3%.
- Full-year 2026 adjusted diluted EPS guidance is $0.72 to $0.82.
- Client retention improved to 78% from 73%, and wallet retention increased to 89% from 86% year-over-year.