Forrester Research annual free cash flow
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2024
2025
Forrester Research Free Cash Flow (FCF) History (FORR)
Forrester Research reported $18.1M in free cash flow for fiscal 2025, an increase of $25.4M from the previous fiscal year, with a free cash flow margin of 4.56%.
View full Forrester Research company overviewForrester Research free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $18.1M | $25.4M | — | +4.56% |
| 2024 | 2024-12-31 | −$7.3M | −$23.4M | — | −1.68% |
| 2023 | 2023-12-31 | $16.2M | −$17.6M | −52.08% | +3.36% |
| 2022 | 2022-12-31 | $33.8M | −$62.6M | −64.95% | +6.28% |
| 2021 | 2021-12-31 | $96.3M | $57.5M | +147.94% | +19.49% |
| 2020 | 2020-12-31 | $38.8M | $2.3M | +6.39% | +8.65% |
| 2019 | 2019-12-31 | $36.5M | $3.1M | +9.43% | +7.91% |
| 2018 | 2018-12-31 | $33.4M | $3.7M | +12.61% | +9.33% |
| 2017 | 2017-12-31 | $29.6M | −$10.7M | −26.54% | +8.78% |
| 2016 | 2016-12-31 | $40.3M | $10.3M | +34.26% | +12.37% |
| 2015 | 2015-12-31 | $30.0M | $2.8M | +10.09% | — |
| 2014 | 2014-12-31 | $27.3M | −$294,000 | −1.07% | — |
| 2013 | 2013-12-31 | $27.6M | −$20.5M | −42.58% | — |
| 2012 | 2012-12-31 | $48.0M | $32.4M | +206.64% | +16.40% |
| 2011 | 2011-12-31 | $15.7M | −$9.6M | −37.90% | +5.52% |
| 2010 | 2010-12-31 | $25.2M | −$13.6M | −35.00% | +10.06% |
| 2009 | 2009-12-31 | $38.8M | — | — | +16.63% |
Forrester Research quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$12.6M | −$8.4M | — | −12.57% |
| Q1 2026 | 2026-03-31 | $19.4M | −$6.7M | −25.68% | +22.68% |
| Q4 2025 | 2025-12-31 | −$4.3M | −$1.8M | — | −4.23% |
| Q3 2025 | 2025-09-30 | $524,000 | $747,000 | — | +0.56% |
| Q2 2025 | 2025-06-30 | −$4.2M | −$493,000 | — | −3.79% |
| Q1 2025 | 2025-03-31 | $26.1M | $26.9M | — | +29.01% |
| Q4 2024 | 2024-12-31 | −$2.5M | −$12.8M | — | −2.30% |
| Q3 2024 | 2024-09-30 | −$223,000 | $7.0M | — | −0.22% |
| Q2 2024 | 2024-06-30 | −$3.7M | −$6.2M | — | −3.07% |
| Q1 2024 | 2024-03-31 | −$815,000 | −$11.5M | — | −0.81% |
| Q4 2023 | 2023-12-31 | $10.3M | $10.1M | +5432.26% | +8.71% |
| Q3 2023 | 2023-09-30 | −$7.2M | −$8.8M | — | −6.38% |
| Q2 2023 | 2023-06-30 | $2.5M | −$8.2M | −76.78% | +1.82% |
| Q1 2023 | 2023-03-31 | $10.7M | −$10.8M | −50.24% | +9.37% |
| Q4 2022 | 2022-12-31 | $186,000 | −$21.0M | −99.12% | +0.14% |
| Q3 2022 | 2022-09-30 | $1.5M | −$8.8M | −85.25% | +1.19% |
| Q2 2022 | 2022-06-30 | $10.7M | −$15.1M | −58.66% | +7.19% |
| Q1 2022 | 2022-03-31 | $21.4M | −$17.7M | −45.23% | +17.13% |
| Q4 2021 | 2021-12-31 | $21.2M | $4.2M | +25.08% | +15.83% |
| Q3 2021 | 2021-09-30 | $10.3M | $8.3M | +407.74% | +8.72% |
| Q2 2021 | 2021-06-30 | $25.8M | $25.3M | +5382.34% | +20.03% |
| Q1 2021 | 2021-03-31 | $39.1M | $19.7M | +101.23% | +34.35% |
| Q4 2020 | 2020-12-31 | $16.9M | $17.7M | — | +14.05% |
| Q3 2020 | 2020-09-30 | $2.0M | −$6.4M | −75.85% | +1.87% |
| Q2 2020 | 2020-06-30 | $470,000 | −$5.2M | −91.68% | +0.41% |
| Q1 2020 | 2020-03-31 | $19.4M | −$3.8M | −16.34% | +18.26% |
| Q4 2019 | 2019-12-31 | −$744,000 | $158,000 | — | −0.60% |
| Q3 2019 | 2019-09-30 | $8.4M | −$132,000 | −1.55% | +7.73% |
| Q2 2019 | 2019-06-30 | $5.6M | −$13.6M | −70.68% | +4.41% |
| Q1 2019 | 2019-03-31 | $23.2M | $16.7M | +258.22% | +23.07% |
| Q4 2018 | 2018-12-31 | −$902,000 | $523,000 | — | −0.91% |
| Q3 2018 | 2018-09-30 | $8.5M | $1.1M | +15.19% | +10.05% |
| Q2 2018 | 2018-06-30 | $19.3M | $13.5M | +235.62% | +19.99% |
| Q1 2018 | 2018-03-31 | $6.5M | −$11.4M | −63.82% | +8.34% |
| Q4 2017 | 2017-12-31 | −$1.4M | −$6.8M | — | −1.58% |
| Q3 2017 | 2017-09-30 | $7.4M | $1.6M | +26.91% | +9.21% |
| Q2 2017 | 2017-06-30 | $5.7M | −$3.0M | −34.07% | +6.40% |
| Q1 2017 | 2017-03-31 | $17.9M | −$2.5M | −12.32% | +23.21% |
| Q4 2016 | 2016-12-31 | $5.4M | $1.2M | +29.52% | — |
| Q3 2016 | 2016-09-30 | $5.8M | $3.0M | +106.95% | — |
| Q2 2016 | 2016-06-30 | $8.7M | $956,000 | +12.34% | — |
| Q1 2016 | 2016-03-31 | $20.4M | $5.1M | +33.25% | — |
| Q4 2015 | 2015-12-31 | $4.1M | $3.6M | +651.91% | — |
| Q3 2015 | 2015-09-30 | $2.8M | $10.5M | — | — |
| Q2 2015 | 2015-06-30 | $7.7M | $5.7M | +271.48% | — |
| Q1 2015 | 2015-03-31 | $15.3M | −$17.0M | −52.56% | — |
| Q4 2014 | 2014-12-31 | $551,000 | $3.3M | — | — |
| Q3 2014 | 2014-09-30 | −$7.7M | −$2.0M | — | — |
| Q2 2014 | 2014-06-30 | $2.1M | $636,000 | +43.86% | — |
| Q1 2014 | 2014-03-31 | $32.3M | −$2.2M | −6.35% | — |
| Q4 2013 | 2013-12-31 | −$2.7M | −$12.4M | — | — |
| Q3 2013 | 2013-09-30 | −$5.7M | −$7.9M | — | — |
| Q2 2013 | 2013-06-30 | $1.4M | −$2.2M | −60.66% | — |
| Q1 2013 | 2013-03-31 | $34.5M | $2.0M | +6.30% | +48.27% |
| Q4 2012 | 2012-12-31 | $9.7M | $7.3M | +310.45% | +12.88% |
| Q3 2012 | 2012-09-30 | $2.2M | $954,000 | +75.12% | +3.25% |
| Q2 2012 | 2012-06-30 | $3.7M | $13.1M | — | +4.66% |
| Q1 2012 | 2012-03-31 | $32.5M | $11.0M | +51.37% | +46.21% |
| Q4 2011 | 2011-12-31 | $2.4M | $823,000 | +53.72% | +3.15% |
| Q3 2011 | 2011-09-30 | $1.3M | — | — | +1.82% |
| Q2 2011 | 2011-06-30 | −$9.4M | — | — | −12.81% |
| Q1 2011 | 2011-03-31 | $21.4M | — | — | +32.63% |
| Q3 2010 | 2010-09-30 | $1.5M | — | — | +2.56% |
Forrester Research free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $38.8M to $18.1M, a compound annual decline of 14.17%. Forrester Research's latest reported quarter, Q2 2026, generated −$12.6M in free cash flow, a decrease of $8.4M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Forrester Research filings at SEC.gov ↗