Forrester Research, Inc. (FORR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 218.37M | 212.69M | 193.64M | 214.2M | 218.5M | 201.36M | 193.87M | 193.43M | 218.58M | 216M | 152.47M | 123.61M | 225.84M | 235.29M | 204.28M | 222.55M | 249.37M | 269.49M | 238.12M | 244.95M |
| Cash & Short-Term Investments | 73.9M | 127.66M | 131.95M | 134.95M | 134.25M | 104.67M | 114.93M | 110.81M | 118.47M | 124.49M | 111.46M | 123.61M | 120.98M | 123.32M | 118.74M | 122.61M | 131.61M | 134.28M | 146.35M | 146.39M |
| Cash Only | 73.9M | 63.34M | 65.12M | 67.77M | 75.59M | 56.09M | 62.75M | 58.85M | 61.38M | 72.91M | 101.71M | 109.95M | 104.22M | 123.32M | 118.74M | 122.61M | 112.5M | 134.28M | 146.35M | 146.39M |
| Short-Term Investments | 0 | 64.32M | 66.83M | 67.19M | 58.66M | 48.58M | 52.18M | 51.96M | 57.09M | 51.58M | 9.75M | 13.66M | 16.76M | 0 | 0 | 0 | 19.12M | 0 | 0 | 0 |
| Accounts Receivable | 40.9M | 50.85M | 33.59M | 40.24M | 43.25M | 55.49M | 39.16M | 47.7M | 54.72M | 59M | 41.02M | 46.28M | 58.91M | 73.34M | 50.6M | 59.01M | 70.26M | 86.97M | 52.32M | 63.4M |
| Days Sales Outstanding | 48.32 | 38.43 | 36.02 | 34.02 | 49.44 | 40.3 | 38.97 | 38.25 | 51.7 | 38.96 | 35.4 | 35.3 | 52.36 | 41.65 | 39.49 | 39.68 | 56.61 | 47.91 | 45.06 | 46.76 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -42.16M | -100.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 103.57M | 34.18M | 28.1M | 39.01M | 40.99M | 41.2M | 39.77M | 18.16M | 21.5M | 23.21M | 16.56M | 18.26M | 22.6M | 24.56M | 18.89M | 22.57M | 27.23M | 29.63M | 18.27M | 19.46M |
| Total Non-Current Assets | 190.7M | 191.35M | 220.54M | 221.84M | 221.31M | 302.5M | 311.39M | 330.74M | 337.09M | 348.17M | 351.17M | 360.45M | 368.04M | 373.15M | 380.96M | 392.38M | 402.54M | 410.64M | 416.67M | 423.5M |
| Property, Plant & Equipment | 48.9M | 41.88M | 41.59M | 43.28M | 35.8M | 38.75M | 42.36M | 48.69M | 52.17M | 59.12M | 61.71M | 65.36M | 70.98M | 73.18M | 80.69M | 85.13M | 89.15M | 93.25M | 97.37M | 99.4M |
| Fixed Asset Turnover | 1.88x | 2.42x | 2.22x | 2.82x | 2.41x | 2.66x | 2.25x | 2.42x | 1.80x | 1.95x | 1.79x | 1.99x | 1.58x | 1.78x | 1.54x | 1.70x | 1.37x | 1.40x | 1.20x | 1.29x |
| Goodwill | 109.12M | 120.38M | 147.19M | 147.38M | 145.27M | 227.96M | 230.25M | 242.92M | 243.03M | 244.26M | 242.06M | 243.29M | 242.85M | 242.15M | 238.95M | 241.47M | 244.07M | 244.99M | 245.21M | 246.24M |
| Intangible Assets | 16.65M | 18.73M | 20.82M | 23.04M | 25.26M | 27.48M | 29.69M | 32.56M | 35.07M | 37.64M | 40.34M | 43.41M | 46.45M | 49.5M | 52.5M | 55.9M | 59.34M | 62.73M | 66.26M | 69.99M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 2.17M | 2.1M | 2.24M | 2.12M | 2.11M | 2.13M | 2.04M | 2.12M | 2.07M | 2.92M | 1.86M | 2.03M | 2.2M | -18.51M | 2.25M | 2.32M |
| Other Non-Current Assets | 16.03M | 10.36M | 10.94M | 8.14M | 12.82M | 6.22M | 6.86M | 4.44M | 4.71M | 4.32M | 7.05M | 8.4M | 7.75M | 4.59M | 8.82M | 9.88M | 9.98M | 9.66M | 7.83M | 7.87M |
| Total Assets | 409.07M | 404.03M | 414.18M | 436.04M | 439.81M | 503.86M | 505.26M | 524.17M | 555.67M | 564.17M | 152.47M | 570.67M | 593.89M | 608.44M | 585.24M | 614.93M | 651.9M | 680.13M | 654.79M | 668.45M |
| Asset Turnover | 0.21x | 0.25x | 0.22x | 0.25x | 0.19x | 0.21x | 0.20x | 0.23x | 0.18x | 0.33x | 0.31x | 0.23x | 0.19x | 0.23x | 0.21x | 0.23x | 0.19x | 0.20x | 0.18x | 0.19x |
| Asset Growth % | -6.99% | -19.81% | -18.03% | -16.81% | -20.85% | -10.69% | 231.38% | -8.15% | -6.44% | -7.27% | -73.95% | -7.2% | -8.9% | -10.54% | -10.62% | -8.01% | -1.78% | 5.57% | 10.46% | 45.87% |
| Total Current Liabilities | 237.89M | 240.06M | 182.1M | 197.23M | 223.69M | 203.97M | 198M | 211.59M | 241.11M | 240.08M | 158.35M | 179.61M | 269.31M | 269.39M | 247.07M | 277.04M | 305.48M | 312.34M | 276.85M | 287.56M |
| Accounts Payable | 1.08M | 832K | 1.82M | 1.8M | 422K | 965K | 1.57M | 2.33M | 2.75M | 1.8M | 762K | 1.14M | 425K | 361K | 1.07M | 101K | 887K | 840K | 700K | 1.04M |
| Days Payables Outstanding | 2.04 | 2.59 | 4.02 | 2.04 | 28.15 | 2.63 | 3.86 | 4.52 | 4.63 | 2.24 | 1.82 | 1.3 | 0.72 | 1.16 | 1.02 | 0.74 | 1.46 | 1.36 | 1.6 | 1.23 |
| Short-Term Debt | 0 | 35M | 7.5M | 6.62M | 12.56M | 0 | 13.16M | 13.59M | 14.09M | 14.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.5M | 12.5M |
| Deferred Revenue (Current) | 173.19M | 141.81M | 141.25M | 154.5M | 180.58M | 145.4M | 153.16M | 164.12M | 193.66M | 156.8M | 158.35M | 179.61M | 215.09M | 178.02M | 180.76M | 210.59M | 248.08M | 213.7M | 194.16M | 210.29M |
| Other Current Liabilities | 64.69M | 15.58M | 0 | -6.62M | -12.56M | 11.82M | -13.16M | 0 | 0 | 5.01M | 14.12M | 0 | 13.98M | 17.97M | 13.46M | 13.55M | 13.43M | 18.1M | 12.42M | 12.1M |
| Current Ratio | 0.92x | 0.89x | 1.06x | 1.09x | 0.98x | 0.99x | 0.98x | 0.91x | 0.91x | 0.90x | 0.96x | 0.69x | 0.84x | 0.87x | 0.83x | 0.80x | 0.82x | 0.86x | 0.86x | 0.85x |
| Quick Ratio | 0.92x | 0.89x | 1.06x | 1.09x | 0.98x | 0.99x | 0.98x | 0.91x | 0.91x | 0.90x | 1.23x | 1.25x | 0.84x | 0.87x | 0.83x | 0.80x | 0.82x | 0.86x | 0.86x | 0.85x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 65.13M | 37.45M | 74.41M | 79.27M | 68.69M | 70.35M | 72.92M | 75.52M | 83.63M | 83.83M | 35M | 95.5M | 101.84M | 117.39M | 124.28M | 127.79M | 143.99M | 163.89M | 176.79M | 179.39M |
| Long-Term Debt | 62.34M | 0 | 35M | 35M | 35M | 35M | 35M | 35M | 35M | 35M | 35M | 35M | 35M | 50M | 50M | 50M | 60M | 75M | 86.36M | 89.34M |
| Capital Lease Obligations | 0 | 29.51M | 31.79M | 35.11M | 22M | 24.81M | 28.42M | 31.34M | 34.47M | 37.67M | 40.84M | 44.83M | 48.52M | 50.75M | 53.54M | 57.52M | 61.48M | 65.04M | 68.39M | 71.58M |
| Deferred Tax Liabilities | 0 | 5.88M | 0 | 0 | 0 | 8.71M | 0 | 0 | 0 | 8.68M | 0 | 0 | 0 | 14.13M | 0 | 0 | 0 | 21.35M | 0 | 0 |
| Other Non-Current Liabilities | 2.79M | 2.05M | 7.61M | 9.15M | 11.69M | 1.84M | 9.5M | 9.18M | 14.16M | 2.48M | 11.68M | 15.67M | 18.32M | 2.51M | 20.74M | 20.27M | 22.52M | 2.5M | 22.03M | 18.47M |
| Total Liabilities | 303.01M | 277.51M | 256.51M | 276.5M | 292.37M | 274.32M | 270.93M | 287.11M | 324.74M | 323.91M | 193.35M | 179.61M | 371.14M | 386.78M | 371.35M | 404.83M | 449.47M | 476.22M | 453.64M | 466.95M |
| Total Debt | 62.34M | 71.89M | 74.29M | 76.73M | 69.56M | 72.57M | 76.58M | 79.93M | 83.56M | 86.85M | 35M | 79.83M | 83.52M | 114.38M | 103.54M | 107.52M | 121.48M | 153.03M | 167.26M | 173.42M |
| Net Debt | -11.56M | 8.56M | 9.17M | 8.96M | -6.03M | 16.48M | 13.83M | 21.08M | 22.18M | 13.95M | -66.71M | -30.12M | -20.7M | -8.93M | -15.2M | -15.1M | 8.98M | 18.75M | 20.91M | 27.03M |
| Debt / Equity | 0.59x | 0.57x | 0.47x | 0.48x | 0.47x | 0.32x | 0.33x | 0.34x | 0.36x | 0.36x | 0.15x | 0.34x | 0.37x | 0.52x | 0.48x | 0.51x | 0.60x | 0.75x | 0.83x | 0.86x |
| Debt / EBITDA | - | 23.18x | 43.83x | 7.08x | - | 13.45x | 12.08x | 5.03x | 86.95x | 14.96x | 2.74x | 4.60x | 28.64x | 13.20x | 6.08x | 2.63x | 4.89x | 7.57x | 10.71x | 7.76x |
| Net Debt / EBITDA | - | 2.76x | 5.41x | 0.83x | - | 3.06x | 2.18x | 1.33x | 23.08x | 2.40x | -5.23x | -1.74x | -7.10x | -1.03x | -0.89x | -0.37x | 0.36x | 0.93x | 1.34x | 1.21x |
| Interest Coverage | -7.07x | -0.53x | -1.47x | 11.54x | -131.39x | 2.29x | -0.39x | 16.16x | -10.52x | -0.63x | 7.37x | 12.06x | -5.79x | -4.34x | 14.65x | 38.70x | 10.56x | 11.45x | 6.01x | 12.08x |
| Total Equity | 106.05M | 126.53M | 157.67M | 159.54M | 147.43M | 229.54M | 234.33M | 237.05M | 230.93M | 240.26M | 232.89M | 231.65M | 222.75M | 221.66M | 213.89M | 210.1M | 202.43M | 203.91M | 201.15M | 201.5M |
| Equity Growth % | -28.07% | -44.88% | -32.71% | -32.7% | -36.16% | -4.47% | 0.62% | 2.33% | 3.67% | 8.4% | 8.88% | 10.26% | 10.04% | 8.7% | 6.33% | 4.27% | 5.3% | 9.77% | 15.14% | 16.2% |
| Book Value per Share | 5.56 | 6.66 | 8.25 | 8.32 | 7.80 | 12.12 | 12.29 | 12.40 | 11.97 | 12.49 | 12.07 | 12.03 | 11.66 | 11.63 | 11.18 | 10.96 | 10.51 | 10.52 | 10.38 | 10.40 |
| Total Shareholders' Equity | 106.05M | 126.53M | 157.67M | 159.54M | 147.43M | 229.54M | 234.33M | 237.05M | 230.93M | 240.26M | 232.89M | 231.65M | 222.75M | 221.66M | 213.89M | 210.1M | 202.43M | 203.91M | 201.15M | 201.5M |
| Common Stock | 0 | 255K | 255K | 254K | 253K | 251K | 251K | 249K | 249K | 247K | 247K | 245K | 245K | 244K | 244K | 242K | 241K | 241K | 240K | 238K |
| Retained Earnings | 30.75M | 52.57M | 86.45M | 88.58M | 84.66M | 171.93M | 171.5M | 177.3M | 171.01M | 177.68M | 178.34M | 175.86M | 170.56M | 174.63M | 176.26M | 170.85M | 156.97M | 152.82M | 144.8M | 140.28M |
| Treasury Stock | 0 | -229.62M | -229.62M | -227.12M | -227.12M | -227.12M | -224.13M | -219.16M | -215.25M | -211.15M | -211.15M | -207.89M | -207.07M | -207.07M | -207.07M | -207.07M | -201.41M | -191.96M | -182.53M | -174.56M |
| Accumulated OCI | -2.57M | -1.09M | -1.17M | -300K | -5.28M | -7.75M | -2.48M | -6.73M | -6.53M | -4.57M | -8.35M | -5.94M | -6.68M | -7.92M | -13.89M | -8.86M | -4.37M | -3.19M | -3.32M | -1.94M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |