FORRESTER RESEARCH INC
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
FORR$8.83+1.5%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data, unaudited)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $62,754 | $72,909 |
| Marketable investments | 52,178 | 51,580 |
| Accounts receivable, net of allowance for expected credit losses of $578 and $574 as of September 30, 2024 and December 31, 2023, respectively | 39,165 | 58,999 |
| Deferred commissions | 16,196 | 23,207 |
| Prepaid expenses and other current assets | 23,574 | 9,305 |
| Total current assets | 193,867 | 216,000 |
| Property and equipment, net | 12,686 | 19,401 |
| Operating lease right-of-use assets | 29,671 | 39,722 |
| Goodwill | 230,247 | 244,257 |
| Intangible assets, net | 29,691 | 37,637 |
| Other assets | 9,097 | 7,157 |
| Total assets | $505,259 | $564,174 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $1,575 | $1,796 |
| Accrued expenses and other current liabilities | 43,270 | 81,482 |
| Deferred revenue | 153,155 | 156,798 |
| Total current liabilities | 198,000 | 240,076 |
| Long-term debt | 35,000 | 35,000 |
| Non-current operating lease liabilities | 28,422 | 37,673 |
| Other non-current liabilities | 9,503 | 11,160 |
| Total liabilities | 270,925 | 323,909 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' Equity: | ||
| Preferred stock, $0.01 par value | ||
| Authorized - 500 shares; issued and outstanding - none | — | — |
| Common stock, $0.01 par value | ||
| Authorized - 125,000 shares | ||
| Issued - 25,092 and 24,684 shares as of September 30, 2024 and December 31, 2023, respectively | ||
| Outstanding - 18,983 and 19,248 shares as of September 30, 2024 and December 31, 2023, respectively | 251 | 247 |
| Additional paid-in capital | 289,191 | 278,057 |
| Retained earnings | 171,502 | 177,681 |
| Treasury stock - 6,109 and 5,437 shares as of September 30, 2024 and December 31, 2023, respectively | (224,133) | (211,149) |
| Accumulated other comprehensive loss | (2,477) | (4,571) |
| Total stockholders’ equity | 234,334 | 240,265 |
| Total liabilities and stockholders’ equity | $505,259 | $564,174 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.