---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-028351"
form_type: "8-K"
ticker: "FORR"
cik: "0001023313"
company_name: "FORRESTER RESEARCH, INC."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:08:33.292864+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Forrester Q4 revenue down 13.7%; full-year revenue down 11%; CV down 4%; 2024 guide weak

## Summary
- Q4 revenue $118.1M (down 13.7% YoY); GAAP EPS -$0.03, adjusted EPS $0.25 (down from $0.45).
- Full-year 2023 revenue $480.8M (down 10.6% YoY); GAAP EPS $0.16, adjusted EPS $1.90 (down from $2.46).
- Contract value (CV) down 4% to $332.1M; expects return to CV growth in 2025.
- Workforce reduction of ~3% ($3.5M-$3.9M charges); SF office closure ($3.8M impairment).
- 2024 guidance: revenue $430M-$450M (decline 6-11%); adjusted EPS $1.50-$1.70.

## SEC filing metadata
- accession: 0001193125-24-028351
- form_type: 8-K
- ticker: FORR
- cik: 0001023313
- company_name: FORRESTER RESEARCH, INC.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 2.06, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023313/000119312524028351/0001193125-24-028351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023313/000119312524028351/d550523d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-028351
- JSON: https://secwatch.observer/filing/0001193125-24-028351.json
- Plain text: https://secwatch.observer/filing/0001193125-24-028351.txt

## Key facts
- Earnings Releases
  FORRESTER RESEARCH, INC. reported the quarter and year ended December 31, 2023 results: revenue $118.1 million, net income net loss was $0.7 million, or $0.03 per diluted share.
  - Period: the quarter and year ended December 31, 2023
  - Revenue: $118.1 million
  - Net income: net loss was $0.7 million, or $0.03 per diluted share
  - Result: reported results
  source text: and organizational foundations to enable the company to return to CV growth in 2025.” Fourth-Quarter Consolidated Results Total revenues for the fourth quarter of 2023 were $118.1 million, compared with $136.9 million for the comparable quarter in 2022. On a GAAP basis, net loss was $0.7 million, or $0.03 per diluted share, for the fourth quarter of 2023, compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023313/000119312524028351/0001193125-24-028351-index.htm
- Restructurings & Charges
  FORRESTER RESEARCH, INC. announced a restructuring with charges of approximately $3.5 million to $3.9 million affecting various geographies and functions (approximately 3% of its employees).
  - Type: restructuring
  - Charge: approximately $3.5 million to $3.9 million
  - Affected area: various geographies and functions
  - Headcount: approximately 3% of its employees
  source text: On February 8, 2024, the Company announced a reduction in its workforce of approximately 3% of its employees across various geographies and functions. Notification to affected persons commenced December 20, 2023 and is expected to be completed by February 29, 2024. The Company expects to incur pre-tax expenses of approximately $3.5 million to $3.9 million in the fourth quarter of 2023 and the first quarter of 2024 related principally to cash severance and related benefit costs for terminated employees.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023313/000119312524028351/0001193125-24-028351-index.htm
- Restructurings & Charges
  FORRESTER RESEARCH, INC. announced a impairment with charges of approximately $3.8 million affecting 150 Spear Street, San Francisco, California.
  - Type: impairment
  - Charge: approximately $3.8 million
  - Affected area: 150 Spear Street, San Francisco, California
  source text: The Company anticipates incurring a non-cash asset impairment charge of approximately $3.8 million in the first quarter of 2024 in connection with this reduction in space.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023313/000119312524028351/0001193125-24-028351-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.