FORRESTER RESEARCH (FORR) Company Report

Navan reported third quarter fiscal year 2026 revenue of $195 million, representing a 29% year-over-year increase.
For Q3 FY2026, the company achieved non-GAAP income from operations of $25 million, with a 13% non-GAAP operating margin.
Gross Booking Volume (GBV) grew 40% year-over-year to $2.6 billion, and Payment Volume increased 12% year-over-year to $1.1 billion in the quarter ended October 31, 2025.
Navan provided Q4 FY2026 revenue guidance in the range of $161 - $163 million and non-GAAP loss from operations guidance between ($15.5) - ($14.5) million.
Amy Butte will depart as Chief Financial Officer, effective January 9, 2026, with Anne Giviskos appointed as Interim CFO.

Dec 15, 2025, 9:05 PM

Perk (formerly TravelPerk) Rebrands and Launches AI-Native Platform

FORR

Product Launch

Revenue Acceleration/Inflection

New Projects/Investments

Perk (formerly TravelPerk) has rebranded and launched a new AI-native platform that unites travel and spend management to eliminate 'shadow work'.
The company has surpassed $300 million in annualized revenue and is expanding globally with dual headquarters in Boston and London.
New research commissioned by Perk reveals that 'shadow work' costs businesses $1.7 trillion annually, with Perk's platform automating two-thirds (67%) of these non-core tasks.

Nov 4, 2025, 7:00 AM

Forrester Research Reports Q3 2025 Results, Launches AI Access Product, and Updates Full-Year Guidance

FORR

Earnings

Product Launch

Guidance Update

Forrester Research reported Q3 2025 total revenue of $94.3 million, an 8% decrease from the prior year, with research revenue declining 6% to $72.7 million and consulting revenue down 8% to $21.5 million. Despite this, operating income increased 21% to $9.9 million and EPS rose 28% to $0.37.
The company launched its new AI Access product on September 9th, which has already secured one of the largest research deals in Forrester's history with a large government agency and is generating significant sales pipeline interest.
Forrester lowered its full-year 2025 revenue guidance to $395 million to $405 million (a 6% to 9% decline versus 2024) and EPS guidance to $1.15 to $1.25, attributing the adjustment to continued headwinds in the consulting and events businesses.
The company repurchased approximately $2.4 million worth of shares in Q3 2025 and maintains a strong balance sheet with approximately $132 million in cash and $35 million in debt.

Oct 30, 2025, 8:30 PM

Forrester Research Reports Q3 2025 Financial Results and Full-Year Guidance

FORR

Earnings

Guidance Update

Product Launch

Forrester Research, Inc. reported total revenues of $94.3 million for the third quarter ended September 30, 2025, compared with $102.5 million for the comparable quarter in 2024.
The company's contract value was $288.1 million, representing a 7% decrease compared with the prior year.
For Q3 2025, GAAP net loss was $2.1 million, or $0.11 per diluted share, while adjusted net income was $7.2 million, or $0.37 per diluted share.
Forrester provided full-year 2025 GAAP revenue guidance of approximately $395.0 million to $405.0 million and adjusted diluted earnings per share guidance of approximately $1.15 to $1.25.
The company recently launched Forrester AI Access, a new self-service offering that leverages generative AI capabilities.

Oct 30, 2025, 8:05 PM

mBank completes major technology modernization and receives Forrester Award

FORR

New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

mBank successfully completed a major technology modernization program, becoming the first financial institution in Poland to fully replatform its core systems and receiving the Forrester Technology Strategy Impact Award 2025 for EMEA.
The transformation involved replacing legacy mainframe systems with modern x86 architecture, implementing a hybrid cloud environment, and launching generative AI solutions, which led to reduced operational costs and increased agility.
The bank seamlessly migrated approximately 6 million retail customers to the new platform using a micro-migration approach, ensuring no service downtime or disruption to availability.
As a result of the transformation, mBank's operating costs now represent 28.2% of its revenues, positioning it among the industry's most efficient.
The modernization lays the groundwork for future innovations, including plans under its "Full Speed Ahead" strategy to introduce instant, secure payments 24/7/365 over the next five years.

Oct 14, 2025, 6:59 AM

Forrester Research Inc. Announces Q2 2025 Results and Full Year 2025 Guidance

FORR

Earnings

Guidance Update

Demand Weakening

Forrester Research Inc. reported Q2 2025 consolidated revenue of $111.7 million, an 8% decrease compared to the prior year, with adjusted EPS of $0.51, a 25% decrease year-over-year.
For the full year 2025, the company provided guidance for revenue between $400 million and $410 million, representing a 5% to 8% decline compared to the prior year, and adjusted EPS between $1.20 and $1.35, an 8% to 18% decline.
The company's business model is characterized by an attractive recurring revenue stream, with ~73% of total revenue from Research and ~80% of contract value in Forrester Decisions in 2024.
Contract Value (CV) was $288.7 million in Q2 2025, and Wallet Retention was 85% in Q2 2025.