Gartner said its Research contract value with the US federal government was approximately $275.0 million at December 31, 2024, compared to approximately $225.0 million at March 31, 2025. Slightly less than half of the US federal government contract value that was eligible for renewal was retained, and the company received notices of termination-for-convenience for approximately $30.0 million of contracts in Q1 2025.

1. 01

   Gartner said its Research contract value with the US federal government was approximately $275.0 million at December 31, 2024, compared to approximately $225.0 million at March 31, 2025. Slightly less than half of the US federal government contract value that was eligible for renewal was retained, and the company received notices of termination-for-convenience for approximately $30.0 million of contracts in Q1 2025.

2. 02

   Gartner said total revenues for Q1 2025 were $1.5 billion, an increase of 4% compared to the same period in the prior year on a reported basis and 6% excluding the foreign currency impact. Net income was $210.9 million, compared to $210.5 million in the prior-year period, and diluted net income per share was $2.71, compared to $2.67.

3. 03

   Gartner said Research contract value was $5.1 billion at March 31, 2025, an increase of 7% compared to March 31, 2024 excluding the foreign currency impact. The Research segment gross contribution margin was 74% for both 2025 and Q1 2024.

4. 04

   Gartner said cash provided by operating activities for Q1 2025 was $313.5 million, an increase from $188.8 million in the prior-year period, and cited improved timing of collections as a factor. As of March 31, 2025, the company had $2.1 billion of cash and cash equivalents and approximately $0.7 billion of available borrowing capacity on its revolving credit facility.

Key figures

Quarter ended March 31, 2025

Revenue

$1.5B

Operating income

$278M

Net income

$211M

EPS

$2.71

Gross profit

$1.1B

Operating cash flow

$314M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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