COSTAR GROUP, INC.

Listed Company

CSGPCIK 0001057352NasdaqLarge AcceleratedServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.25B

Net Income

$7.00M

Total Assets

$10.54B

Equity

$8.33B

Shares Out

408.36M

Op. Cash Flow

$430.00M

CSGP$29.79−64.94% · past yearDBEQ Basic

Daily closing prices

Business

CoStar Group operates online real estate marketplaces, information platforms, and analytics serving commercial and residential property markets across the U.S., Australia, Europe, Canada, and Asia-Pacific. It offers subscription-based platforms including CoStar, LoopNet, Apartments.com, Homes.com, and Matterport 3D digital twins, along with BizBuySell and Ten-X auction services. The company serves property owners, brokers, agents, developers, appraisers, investors, and industry professionals through proprietary databases and standardized platforms.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	3,247	2,736	2,455	2,182	1,944
Cost of revenue	686	558	491	414	357
Gross profit	2,561	2,178	1,964	1,768	1,587
Selling and marketing (excluding customer base amortization)	1,560	1,364	990	684	622
Software development	406	326	268	221	201
General and administrative	549	439	382	339	257
Customer base amortization	118	44	42	74	75
Total operating expenses	2,633	2,173	1,682	1,317	1,155
Income (loss) from operations	−72	5	282	451	432
Interest income, net	110	213	214	32	−32
Other income (expense), net	−8	−8	6	3	3
Income before income taxes	30	210	502	487	404
Income tax expense	23	71	127	117	111
Net income	7	139	375	370	293
Earning per share basic (in dollars per share)	0.02	0.34	0.92	0.93	0.75
Earning per share diluted (in dollars per share)	0.02	0.34	0.92	0.93	0.74
Weighted average outstanding shares basic (in shares)	417	406	405	396	392
Weighted average outstanding shares diluted (in shares)	421	408	407	398	394

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,633	4,681	—	—	—
Restricted cash	100	0	—	—	—
Accounts receivable	263	211	213	166	138
Less: Allowance for credit losses	−29	−23	−23	−12	−13
Accounts receivable, net	234	188	190	154	125
Income taxes receivable	18	0	—	—	—
Prepaid expenses and other current assets	134	81	70	64	36
Total current assets	2,119	4,950	5,476	5,186	3,988
Deferred income taxes, net	47	31	4	10	5
Property and equipment, net	1,323	1,015	472	321	—
Lease right-of-use assets	123	103	80	80	101
Goodwill	4,944	2,528	2,386	2,315	2,321
Intangible assets, net	1,771	433	314	329	436
Deferred commission costs, net	184	170	168	143	102
Deposits and other assets	27	27	20	17	22
Total assets	10,538	9,257	8,920	8,403	7,257
Accounts payable	42	44	23	29	22
Accrued wages and commissions	145	133	118	105	82
Accrued expenses	203	164	163	—	—
Litigation accrual	99	0	—	—	—
Income taxes payable	1	23	8	10	31
Lease liabilities	28	32	40	36	—
Deferred revenue	205	137	104	104	96
Other current liabilities	23	19	—	—	—
Total current liabilities	746	552	456	373	339
Long-term debt, net	993	992	991	989	988
Deferred income taxes, net	238	8	37	76	99
Income taxes payable	27	25	18	14	12
Lease and other long-term liabilities	163	127	80	80	107
Total liabilities	2,167	1,704	1,581	1,533	1,545
Preferred stock, $0.01 par value; 2.0 million shares authorized; zero outstanding	0	0	0	0	0
Common stock, $0.01 par value; 1.2 billion shares authorized at December 31, 2025 and 2024; and 425.0 million issued and 417.9 million outstanding as of December 31, 2025 and 409.5 million issued and outstanding as of December 31, 2024	4	4	4	4	4
Additional paid-in capital	6,410	5,232	5,148	5,065	4,253
Treasury stock, 7.1 million shares, cost basis at December 31, 2025	−510	0	—	—	—
Accumulated other comprehensive income (loss)	80	−26	−18	−29	−6
Retained earnings	2,350	2,343	2,204	1,830	1,460
Stockholders' equity attributable to CoStar Group	8,334	7,553	7,339	6,870	5,712
Equity attributable to NCI	37	0	—	—	—
Total equity	8,371	7,553	7,338	6,868	—
Total liabilities and stockholders equity	10,538	9,257	8,920	8,403	7,257

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	263	147	108	138	140
Amortization of deferred commissions costs	141	117	95	76	63
Non-cash lease expense	30	33	30	39	29
Stock-based compensation expense	194	89	85	75	64
Deferred income taxes, net	36	−50	−37	−31	24
Credit loss expense	32	36	35	18	11
Other operating activities, net	−5	1	−2	−2	−700,000
Accounts receivable	−28	−30	−67	−46	−30
Prepaid expenses, other current assets and other assets	−21	−8	−17	−18	−15
Deferred commissions	−152	−120	−120	−117	−72
Accounts payable and other liabilities	−12	44	34	23	−30
Lease liabilities	−31	−38	−39	−37	−31
Income taxes payable, net	−45	22	11	−19	6
Deferred revenue	21	11	−1	7	17
Net cash provided by operating activities	430	393	490	479	470
Proceeds from sale and settlement of investments and other assets	205	2	4	900,000	0
Purchases of property, equipment, and other assets for new campuses	−307	−579	−118	−35	−124
Purchases of property, equipment, and other assets	−82	−59	−25	−59	−65
Purchases of equity securities	−285	0	—	—	—
Cash paid for acquisitions, net of cash acquired	−2,347	−277	−100	−6	−193
Net cash used in investing activities	−2,816	−913	−239	−69	−381
Repurchase of restricted stock to satisfy tax withholding obligations	−75	−30	−26	−23	−33
Stock repurchase	−500	0	0	—	—
Proceeds from exercise of stock options and employee stock purchase plan	24	25	23	14	18
Other financing activities, net	−8	−9	−1	0	−400,000
Net cash used in financing activities	−559	−14	−4	734	−16
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash	−3	−1	1	−3	−2
Net (decrease) increase in cash, cash equivalents, and restricted cash	−2,948	−535	248	1,141	71
Interest paid	30	31	31	30	32
Income taxes paid	73	100	163	169	82
Consideration owed for acquisitions	0	1	8	0	100,000
Accrued capital expenditures and non-cash landlord incentives	74	64	29	15	2

Filings

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Frequently asked questions

What is COSTAR GROUP, INC.'s CIK number?

COSTAR GROUP, INC.'s SEC CIK number is 0001057352 (1057352). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find COSTAR GROUP, INC.'s SEC filings?

All of COSTAR GROUP, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did COSTAR GROUP, INC. last report earnings?

COSTAR GROUP, INC. (CSGP) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001057352-26-000030). This is COSTAR GROUP, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is COSTAR GROUP, INC.'s most recent earnings 8-K?

COSTAR GROUP, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001057352-26-000030. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View COSTAR GROUP, INC.'s latest earnings 8-K →
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