Forrester Research Management
Management criteria checks 3/4
Forrester Research's CEO is George Colony, appointed in Jul 1983, has a tenure of 42.83 years. total yearly compensation is $673.33K, comprised of 70.2% salary and 29.8% bonuses, including company stock and options. directly owns 38.49% of the company’s shares, worth $46.79M. The average tenure of the management team and the board of directors is 4.7 years and 6.2 years respectively.
Key information
George Colony
Chief executive officer
US$673.3k
Total compensation
| CEO salary percentage | 70.17% |
| CEO tenure | 42.8yrs |
| CEO ownership | 38.5% |
| Management average tenure | 4.7yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
FORR: Impairment Charge And AI Adoption Trends Will Shape Fair Outlook
Analysts have slightly raised their $ fair value estimate for Forrester Research, citing a modestly lower discount rate, a smaller projected revenue decline, stronger profit margins, and a lower assumed future P/E multiple as the key drivers of the updated price target. What's in the News Forrester reported goodwill impairment of $26,812,000 for the fourth quarter ended December 31, 2025, which directly affects reported earnings for that period (Key Developments).FORR: Impairment Charge And AI Usage Trends Will Shape Fairly Valued Outlook
Analysts have raised their price target on Forrester Research to $6.00 from $6.00, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and future P/E that keep the stock's fair value view largely unchanged in dollar terms. What's in the News Forrester reported a goodwill impairment of $26,812,000 for the fourth quarter ended December 31, 2025, which directly affects reported earnings for that period (Key Developments).FORR: Impairment Charge And AI Rollout Will Shape Fairly Valued Outlook
Analysts have trimmed their fair value estimate for Forrester Research to $6.00, a move they link to slightly adjusted assumptions on discount rate, revenue growth, profit margins, and a higher future P/E of about 25x. What's in the News Forrester AI, the company’s generative AI tool, is now certified for Microsoft Teams and available as an app in Microsoft Marketplace, giving existing clients a new way to access proprietary research, data, and frameworks directly within their work environment (Key Developments).FORR: Weaker Outlook And Impairment Charge Will Shape Fairly Valued Profit Profile
Analysts have nudged their price target on Forrester Research slightly higher, reflecting updated assumptions around the discount rate, revenue trajectory and profit margin, while keeping fair value expectations broadly in line with prior estimates. What's in the News Forrester Research issued earnings guidance for full year 2026, projecting total revenues of about US$345.0 million to US$360.0 million, which the company described as a 13% to 9% decline versus the prior year (company guidance).FORR: Weaker Outlook And Impairment Charge Will Reshape Future Profit Profile
Narrative Update Analysts have reduced their price target for Forrester Research from $12 to $6, citing updated assumptions that include a higher discount rate, weaker revenue growth expectations, lower profit margin estimates, and a higher future P/E multiple. What's in the News Forrester issued earnings guidance for full year 2026, calling for total revenue of about US$345.0m to US$360.0m, which the company framed as a 13% to 9% decline versus the prior year, and a diluted loss per share of about US$0.20 to US$0.10 (company guidance).Need To Know: Analysts Just Made A Substantial Cut To Their Forrester Research, Inc. (NASDAQ:FORR) Estimates
Feb 19
Lacklustre Performance Is Driving Forrester Research, Inc.'s (NASDAQ:FORR) 25% Price Drop
Feb 13Forrester Research (NASDAQ:FORR) Seems To Use Debt Quite Sensibly
Feb 07Slowing Rates Of Return At Forrester Research (NASDAQ:FORR) Leave Little Room For Excitement
Jan 01Forrester Research, Inc. (NASDAQ:FORR) Not Doing Enough For Some Investors As Its Shares Slump 25%
Nov 25Forrester Research: Macro Pressures And AI Risks
Nov 06Analysts Have Been Trimming Their Forrester Research, Inc. (NASDAQ:FORR) Price Target After Its Latest Report
May 16Returns At Forrester Research (NASDAQ:FORR) Are On The Way Up
Apr 23Forrester Research, Inc. (NASDAQ:FORR) Not Doing Enough For Some Investors As Its Shares Slump 27%
Mar 20Forrester Research: Shares More Attractive Today
Mar 02Forrester Research Q4: A Business Turnaround That Is Taking Its Time
Feb 16There's No Escaping Forrester Research, Inc.'s (NASDAQ:FORR) Muted Revenues
Jan 11Forrester Research (NASDAQ:FORR) Has A Somewhat Strained Balance Sheet
Nov 08Forrester Research: Upside Potential Hinges On Return To Organic Growth
Oct 14Insufficient Growth At Forrester Research, Inc. (NASDAQ:FORR) Hampers Share Price
Sep 26
Izola's Launch And Calculated Shifts Poised To Bolster Growth And Market Leadership
Introduction of the generative AI tool, Izola, and strategic platform migrations aim to enhance customer satisfaction and revenue predictability.Forrester Research Faces Headwinds: Sell Rating Amidst Revenue Decline
Aug 02Forrester Research (NASDAQ:FORR) Seems To Use Debt Quite Sensibly
Jul 17Forrester Research: Margin Execution Would Drive Outperformance
May 03Forrester Research's (NASDAQ:FORR) Soft Earnings Are Actually Better Than They Appear
Mar 15Forrester Research (NASDAQ:FORR) Will Want To Turn Around Its Return Trends
Mar 06Is Forrester Research (NASDAQ:FORR) Using Too Much Debt?
Feb 09Forrester Research (NASDAQ:FORR) Has A Pretty Healthy Balance Sheet
Oct 31Is Now An Opportune Moment To Examine Forrester Research, Inc. (NASDAQ:FORR)?
May 06An Intrinsic Calculation For Forrester Research, Inc. (NASDAQ:FORR) Suggests It's 22% Undervalued
Dec 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$673k | US$473k | -US$119m |
| Sep 30 2025 | n/a | n/a | -US$85m |
| Jun 30 2025 | n/a | n/a | -US$89m |
| Mar 31 2025 | n/a | n/a | -US$86m |
| Dec 31 2024 | US$215k | US$51 | -US$6m |
| Sep 30 2024 | n/a | n/a | -US$7m |
| Jun 30 2024 | n/a | n/a | US$1m |
| Mar 31 2024 | n/a | n/a | US$452k |
| Dec 31 2023 | US$245k | US$208k | US$3m |
| Sep 30 2023 | n/a | n/a | US$2m |
| Jun 30 2023 | n/a | n/a | US$5m |
| Mar 31 2023 | n/a | n/a | US$14m |
| Dec 31 2022 | US$993k | US$598k | US$22m |
| Sep 30 2022 | n/a | n/a | US$31m |
| Jun 30 2022 | n/a | n/a | US$31m |
| Mar 31 2022 | n/a | n/a | US$25m |
| Dec 31 2021 | US$2m | US$462k | US$25m |
| Sep 30 2021 | n/a | n/a | US$19m |
| Jun 30 2021 | n/a | n/a | US$11m |
| Mar 31 2021 | n/a | n/a | US$14m |
| Dec 31 2020 | US$682k | US$425k | US$10m |
| Sep 30 2020 | n/a | n/a | US$12m |
| Jun 30 2020 | n/a | n/a | US$14m |
| Mar 31 2020 | n/a | n/a | US$3m |
| Dec 31 2019 | US$713k | US$421k | -US$10m |
Compensation vs Market: George's total compensation ($USD673.33K) is about average for companies of similar size in the US market ($USD622.00K).
Compensation vs Earnings: George's compensation has increased whilst the company is unprofitable.
CEO
George Colony (71 yo)
Mr. George F. Colony is Founder, Chairman, and Chief Executive Officer of Forrester Research, Inc since July 1983 and also serves as its President since September 2001 and served as its President from 1983...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 42.8yrs | US$673.33k | 38.49% $ 46.8m | |
| Chief Financial Officer | 4.7yrs | US$1.23m | 0.22% $ 263.0k | |
| Chief Research Officer | 7.5yrs | US$922.10k | 0.15% $ 182.6k | |
| Chief Legal Officer & Secretary | 9.2yrs | US$806.41k | 0.17% $ 204.4k | |
| Chief Product Officer | 10.8yrs | US$1.24m | 0.21% $ 256.2k | |
| Advisor & Independent Director | 1.3yrs | US$120.83k | 0.035% $ 42.7k | |
| Chief Accounting Officer & Treasurer | 16.5yrs | US$747.03k | 0.089% $ 108.7k | |
| Chief Technology Officer | 1.8yrs | no data | 0.034% $ 41.9k | |
| Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | 1yr | no data | 0.014% $ 17.6k | |
| Chief Sales Officer | 1.3yrs | no data | 0.072% $ 87.1k | |
| Chief People Officer | 2yrs | no data | 0.035% $ 42.8k |
Experienced Management: FORR's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 42.8yrs | US$673.33k | 38.49% $ 46.8m | |
| Advisor & Independent Director | 1.9yrs | US$120.83k | 0.035% $ 42.7k | |
| Lead Independent Director | 8.9yrs | US$128.33k | 0.14% $ 164.4k | |
| Independent Director | 8.3yrs | US$117.08k | 0.19% $ 227.0k | |
| Independent Director | 4.2yrs | US$125.08k | 0.071% $ 86.9k | |
| Independent Director | 1.8yrs | US$117.08k | 0.059% $ 71.7k |
Experienced Board: FORR's board of directors are considered experienced (6.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/03 05:24 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Forrester Research, Inc. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Leben | Baird |
| Vincent Colicchio | Barrington Research Associates, Inc. |
| Vincent Colicchio | NOBLE Capital Markets, Inc. |