Financial Performance - Total revenues for Q3 2025 were $94.3 million, a decrease of 7.5% compared to $102.5 million in Q3 2024[5] - On a GAAP basis, net loss for Q3 2025 was $2.1 million, or $0.11 per diluted share, improving from a net loss of $5.8 million, or $0.30 per diluted share, in Q3 2024[5] - Adjusted net income for Q3 2025 was $7.2 million, or $0.37 per diluted share, compared to $5.6 million, or $0.29 per diluted share, in Q3 2024[6] - For the full year 2025, total revenues are expected to be approximately $395.0 million to $405.0 million, reflecting a decline of 8.7% to 6.4% year-over-year[10] - The company anticipates an adjusted operating margin of approximately 7.5% to 8.5% for the full year 2025[10] - The goodwill impairment charge for the full year 2025 is estimated at $83.9 million, which will be excluded from adjusted financial guidance[9] Revenue Breakdown - Research revenues for Q3 2025 were $72.7 million, down from $77.1 million in Q3 2024, indicating a decline of 5.4%[15] - Consulting revenues for Q3 2025 were $21.5 million, a decrease of 8.1% compared to $23.4 million in Q3 2024[15] Cash Flow and Investments - Cash, cash equivalents, and marketable investments increased to $131,952,000 as of September 30, 2025, up from $104,669,000 in 2024[18] - Net cash provided by operating activities was $24,293,000 for the three months ended September 30, 2025, compared to a negative cash flow of $2,031,000 in 2024[18] Headcount and Operations - Total headcount decreased to 1,485 as of September 30, 2025, down from 1,608 in 2024[20] - The sales force headcount was reduced to 550 as of September 30, 2025, from 597 in 2024[20] Client Metrics - The client retention rate improved to 74% in 2025, up from 73% in 2024[19] Tax and Compensation - The company reported an adjusted effective tax rate of 29% for Q3 2025, consistent with the previous year[6] - Stock-based compensation for the three months ended September 30, 2025, was $3,373,000, compared to $3,603,000 in 2024[16] Debt and Deferred Revenue - The company maintained outstanding debt of $35,000,000 for both September 30, 2025, and 2024[18] - The company reported a deferred revenue of $141,246,000 as of September 30, 2025, slightly down from $145,404,000 in 2024[18] New Offerings - Forrester launched Forrester AI Access, a new self-service offering leveraging generative AI capabilities to provide clients with trusted insights[4]

Core Insights - Forrester Research and Carahsoft Technology have formed a partnership to enhance access to Forrester's research and consulting services for Public Sector and Government organizations [1][2] Group 1: Partnership Details - Carahsoft will act as Forrester's Master Government Aggregator, facilitating access through various reseller partners and government procurement contracts [1][3] - The partnership aims to empower Public Sector leaders with industry research and insights to address complex challenges and improve decision-making speed and confidence [2][3] Group 2: Service Offerings - Forrester's solutions for Government include research, expert advisory, and a generative AI tool named Izola, aimed at helping organizations understand industry trends and implement effective strategies [2] - The services provided will assist in areas such as digital transformation, operational excellence, and Zero Trust security frameworks [2] Group 3: Market Positioning - Carahsoft emphasizes the importance of data-driven insights for Public Sector leaders, aiming to accelerate mission success through trusted research and emerging technologies [3][5] - Forrester is recognized as a leading research and advisory firm, supporting various functions including technology, customer experience, and digital marketing [4]

Core Insights - BNP Paribas Bank Polska has been awarded the 2025 Security & Risk Enterprise Leadership Award by Forrester [1] - The recognition will take place at Forrester's Security & Risk Summit scheduled for November 5–7, 2025, in Austin, Texas, and digitally [1] - The Summit aims to provide actionable guidance for chief information security officers and privacy and risk leaders [1]

Core Insights - Forrester announced the winners of its 2025 Technology Awards for North America, recognizing the United States Department of the Navy, Takeda Pharmaceuticals, and Bank of America for their innovative technology strategies that drive business growth [1][2]. Group 1: Technology Strategy Impact Award - The United States Department of the Navy was awarded for its strategic alignment in deploying secure technologies, shifting from compliance-driven IT to mission-focused outcomes, and reducing delivery cycles from months to weeks through initiatives like the Innovation Adoption Kit and generative AI assistant DON GPT [3]. - Finalists for this award included CBRE and Verizon, highlighting the competitive landscape in technology strategy [3]. Group 2: Enterprise Architecture Award - Takeda Pharmaceuticals received recognition for its innovative Business Architecture Framework (BAF), which integrates various methodologies to drive transformation across its global operations, enhancing real-time governance and alignment with business strategy [4]. - The award also acknowledged Takeda's launch of an enterprise GenAI hub and the deployment of over 60 generative AI solutions, showcasing its commitment to digital transformation [4][5]. Group 3: Data & AI Impact Award - Bank of America was honored for its enterprise-wide AI strategy, which includes the in-house developed AI assistant Erica, achieving a 50% reduction in IT service desk calls and 90% internal adoption [6]. - The bank holds over 1,500 AI and machine learning patents, demonstrating its leadership in innovation and responsible AI practices [6]. Group 4: Event Information - The award recipients will share their success stories at the Technology & Innovation Summit North America, scheduled for November 2–5, 2025, in Austin, Texas [7].

Core Points - Forrester Research, Inc. will host its third-quarter earnings conference call on October 30, 2025, at 4:30 p.m. ET [1] - The earnings call will be accessible via Forrester.com, and investors are encouraged to log on at least 15 minutes prior to the start [1] - Participants have the option to pre-register for the call, with instructions provided for necessary audio applications [1]

Core Insights - European firms are focusing on reducing dependence on global resources and achieving sovereignty over their technology stack and digital platforms [1] - Despite these efforts, no European enterprise is expected to completely shift away from US hyperscalers by 2026 [1] - Geopolitical tensions, ongoing volatility, and new legislative acts are influencing these dynamics [1]

Group 1 - Forrester announced mBank and Philip Morris International as the 2025 winners of its Technology Strategy Impact and Enterprise Architecture Awards for the EMEA region [1] - The awards recognize organizations for maximizing the value of their technology investments to drive tangible business results [1] - The presentation of the awards will take place at Forrester's Technology & Innovation Summit EMEA [1]

Core Insights - Singapore is experiencing a shift in financial behavior, with rising costs and a focus on experiences leading to decreased long-term financial planning [1][5][11] Economic Context - 60% of Singaporean workers were living paycheck to paycheck in 2024, significantly higher than regional averages [3] - Real median employment income fell by 0.4% annually from 2019 to 2024, reversing previous growth trends [8] - The cost of living index in Singapore rose 11% year-over-year, ranking fifth globally and first in the region [6] Consumer Behavior - Young Singaporeans are increasingly spending beyond their means, with fewer making retirement plans compared to previous years [4][5] - A survey indicated that 72% of Singaporeans view the cost of living as their top concern, outpacing other issues like healthcare [7] - The rise of "buy now, pay later" schemes has contributed to a culture of immediate gratification, with BNPL transactions reaching SG$440 million in 2021 [12] Housing Market - Resale prices of public apartments rose 9.6% in 2024, exacerbating financial pressures on residents [9] - High property prices are attributed to limited land and reliance on imports, which also affects inflation [10] Generational Differences - Younger generations exhibit less urgency in saving compared to their parents, influenced by marketing and lifestyle aspirations [14][15] - The current generation prioritizes experiences over savings, with many feeling financially secure due to living arrangements and lack of immediate financial burdens [17][18]

Group 1 - Forrester Research, Inc. (FORR) is experiencing significant activity in the options market, particularly with the Sept. 19, 2025 $5 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Forrester holds a Zacks Rank 3 (Hold) in the Computer – Services industry, which is in the top 40% of the Zacks Industry Rank, with recent earnings estimates showing a slight decrease from 32 cents to 31 cents per share [3] Group 2 - The high implied volatility for Forrester may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4]

Group 1 - The core stance on Forrester Research (NASDAQ: FORR) stock is cautious due to ongoing revenue and earnings decline, with a need for clear signs of revenue stabilization before considering investment [1] - Q2 results for Forrester Research continued to show declining revenue and earnings, indicating potential challenges ahead [1] Group 2 - The individual investor focuses on undercovered companies, particularly in technology, software, electronics, and energy transition sectors, with a watchlist of up to 100 companies [1] - The investor has over 7 years of personal capital investment experience across a broad range of global companies, emphasizing a diligent study of small to mid-cap companies [1] - The goal of the analysis is to identify asymmetric investment opportunities to achieve market-beating returns [1]