Forrester reported a FY 2025 net loss of USD 30.1 million, compared with income before income taxes of USD 0.6 million in FY 2024. FY 2025 revenue fell 8% to USD 396.9 million, including a 7% decline in research revenue to USD 295.6 million, which the company attributed primarily to lower contract value and the 2024 divestiture of its FeedbackNow product line. FY 2025 consulting revenue decreased 9% to USD 88.2 million as delivery fell on lower client bookings, and events revenue dropped 29% to USD 13.1 million due mainly to lower sponsorship revenue. Forrester recorded USD 27.8 million of goodwill impairment in FY 2025, following quantitative impairment tests tied to a sustained decline in its stock price and market capitalization and weaker-than-expected contract bookings in early 2025. The company said it will discontinue selling strategy consulting engagements and expects FY 2026 consulting revenue to decline in the low 20% range.

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