Operating Segments (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product

The Company provides information by reportable segment in the tables below (in thousands):


	Research Segment			Consulting Segment			Events Segment			Consolidated
Three Months Ended March 31, 2026
Research revenues	$	66,890		$	—		$	—		$	66,890
Consulting revenues		4,842			13,740			—			18,582
Events revenues		—			—			(18	)		(18	)
Total segment revenues		71,732			13,740			(18	)		85,454
Segment expenses (1):
Compensation, benefits and related costs		(23,179	)		(6,955	)		(1,335	)		(31,469	)
Professional services		(2,448	)		(731	)		—			(3,179	)
Billable expenses		(73	)		(1,240	)		—			(1,313	)
Travel and entertainment		(446	)		(75	)		(26	)		(547	)
Software		(434	)		(10	)		(13	)		(457	)
Other segment expenses (2)		(30	)		(10	)		(14	)		(54	)
Total segment expenses		(26,610	)		(9,021	)		(1,388	)		(37,019	)
Segment operating income (loss)	$	45,122		$	4,719		$	(1,406	)		48,435
Selling, marketing, administrative and other expenses											(52,038	)
Amortization of intangible assets											(2,081	)
Goodwill impairment											(10,800	)
Restructuring and related costs											(2,146	)
Interest expense and other income											(91	)
Loss before income taxes										$	(18,721	)

(1)

The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(2)

Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.


	Research Segment			Consulting Segment			Events Segment			Consolidated
Three Months Ended March 31, 2025
Research revenues	$	68,414		$	—		$	—		$	68,414
Consulting revenues		5,058			16,378			—			21,436
Events revenues		—			—			26			26
Total segment revenues		73,472			16,378			26			89,876
Segment expenses (1):
Compensation, benefits and related costs		(22,552	)		(6,907	)		(1,299	)		(30,758	)
Professional services		(2,691	)		(513	)		(1	)		(3,205	)
Billable expenses		(83	)		(1,357	)		—			(1,440	)
Travel and entertainment		(389	)		(112	)		(5	)		(506	)
Software		(377	)		—			(17	)		(394	)
Other segment expenses (2)		(44	)		(10	)		(16	)		(70	)
Total segment expenses		(26,136	)		(8,899	)		(1,338	)		(36,373	)
Segment operating income (loss)	$	47,336		$	7,479		$	(1,312	)		53,503
Selling, marketing, administrative and other expenses											(53,475	)
Amortization of intangible assets											(2,217	)
Goodwill impairment											(83,895	)
Restructuring and related costs											(1,507	)
Interest expense, credit loss expense, other income, and loss on investments											(711	)
Loss before income taxes										$	(88,302	)

(1)

The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(2)

Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.

FORRESTER RESEARCH, INC. 10-Q