FORR Q3 FY2026 earnings: results, stock reaction and implied move

Reported results

Total revenues for the third quarter of 2026 were $86.1 million, compared with $94.3 million for the third quarter of 2025.
On a GAAP basis, net loss was $4.4 million, or $0.23 per diluted share, for the third quarter of 2026, compared with a net loss of $2.1 million, or $0.11 per diluted share, for the third quarter of 2025.
On an adjusted basis, net income was $4.7 million, or $0.24 per diluted share, for the third quarter of 2026, compared with adjusted net income of $7.2 million, or $0.37 per diluted share, for the third quarter of 2025.
Contract value was $281.9 million as of September 30, 2026, down 3.5% compared with the prior year.
GAAP income from operations was $2,381 thousand ($2.381 million) for the third quarter of 2026, compared to $4,457 thousand ($4.457 million) for the third quarter of 2025.

Full-Year 2026 GAAP total revenues of approximately $350.0 million to $360.0 million, or a decline of 11.8% to 9.3% versus the prior year
Full-Year 2026 GAAP operating margin of approximately negative 3.3% to negative 2.8%
Full-Year 2026 GAAP interest expense of approximately $2.2 million
Full-Year 2026 GAAP effective tax rate of negative 20% to negative 10%
Full-Year 2026 GAAP diluted loss per share of approximately $0.79 to $0.74
Full-Year 2026 Adjusted operating margin of approximately 6.0% to 6.5%
Full-Year 2026 Adjusted effective tax rate of 29%
Full-Year 2026 Adjusted diluted earnings per share of approximately $0.77 to $0.82

Contract value amounts for September 30, 2025 have been recast based on 2026 foreign currency rates.

The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.