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How FORRESTER RESEARCH, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$397M · 100%Cost of revenue$171M · 43%Gross profit$226M · 57%Operating income−$113M · −29%Income before tax−$119M · −30%Income tax−$49000 · −0%Net income−$119M · −30%As of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$397M100%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-105114 · filed Mar 13, 2026
Cost of revenue$171M43%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-105114 · filed Mar 13, 2026
$226M57%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-105114 · filed Mar 13, 2026
−$113M−29%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-105114 · filed Mar 13, 2026
Income before tax−$119M−30%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-105114 · filed Mar 13, 2026
Income tax−$49000−0%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-105114 · filed Mar 13, 2026
−$119M−30%
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-105114 · filed Mar 13, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001193125-26-105114 · filed Mar 13, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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