COSTAR GROUP, INC.
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CSGP FY 2025 request
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 3,247 | 2,736 | +18.7% |
Show Product Lines breakouts |
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| CoStar · Commercial Real Estate | 1,259 | 1,156 | +8.9% |
| LoopNet · Commercial Real Estate | 312 | 282 | +10.6% |
| Product And Service Other · Commercial Real Estate | 216 | 77 | +180.5% |
Show Business Segments breakouts |
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| Commercial Real Estate | 1,787 | 1,515 | +18.0% |
| Commercial Real Estate · Operating Segments | 1,787 | 1,515 | +18.0% |
| Residential Real Estate | 1,460 | 1,221 | +19.6% |
| Residential Real Estate · Operating Segments | 1,460 | 1,221 | +19.6% |
Show Geography breakouts |
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| Non Us | 350 | 162 | +116.0% |
| Cost of Revenue | 686 | 558 | +22.9% |
| Gross Profit | 2,561 | 2,178 | +17.6% |
| Sales & Marketing | 1,560 | 1,364 | +14.4% |
| Research And Development Expense Software Excluding Acquired In Process Cost | 406 | 326 | +24.5% |
| General & Administrative | 549 | 439 | +25.1% |
| Amortization Of Intangible Assets | 118 | 44 | +168.2% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Above Market Leases | 4 | 10 | -60.0% |
| Operating Expenses | 2,633 | 2,173 | +21.2% |
| Operating Income | -72 | 5 | -1540.0% |
| Interest Income Expense Nonoperating Net | 110 | 213 | -48.4% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 110 | 213 | -48.4% |
| Other Non-Operating Income (Expense) | -8 | -8 | 0.0% |
Show Derivative Risk breakouts |
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| Foreign Exchange Contract | 10 | — | — |
Show Consolidation Items breakouts |
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| Material Reconciling Items | -8 | -8 | 0.0% |
| Income Before Taxes | 30 | 210 | -85.7% |
| Income Tax Expense (Benefit) | 23 | 71 | -67.6% |
| Net Income | 7 | 139 | -95.0% |
| EPS (Basic) | 0.02 | 0.34 | -94.1% |
| EPS (Diluted) | 0.02 | 0.34 | -94.1% |
| Wtd Avg Shares (Basic) | 416.8 | 406.3 | +2.6% |
| Wtd Avg Shares (Diluted) | 420.7 | 407.8 | +3.2% |
| Interest Expense | 19 | 27 | -29.6% |
| Net Income | 7 | 139 | -95.0% |
Show Equity Components breakouts |
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| Parent | 7 | 139 | -95.0% |
| Retained Earnings | 7 | 139 | -95.0% |
| Comprehensive Income | 113 | 131 | -13.7% |
| Other Comprehensive Income | 106 | -8 | +1425.0% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 106 | -8 | +1425.0% |
| Parent | 106 | -8 | +1425.0% |
| Labor And Related Expense | 1,557 | 1,199 | +29.9% |
Show Business Segments breakouts |
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| Commercial Real Estate · Operating Segments | 861 | 622 | +38.4% |
| Residential Real Estate · Operating Segments | 696 | 577 | +20.6% |
| Operating Lease Lease Income | 17 | 22 | -22.7% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,633 | 4,681 | -65.1% |
| Restricted Cash Current | 100 | — | — |
| Accounts Receivable Gross Current | 263 | 211 | +24.6% |
| Allowance For Doubtful Accounts Receivable Current | -29 | -23 | -26.1% |
| Accounts Receivable | 234 | 188 | +24.5% |
| Income Taxes Receivable | 18 | — | — |
| Prepaid Expenses & Other Current Assets | 134 | 81 | +65.4% |
| Total Current Assets | 2,119 | 4,950 | -57.2% |
| Inventory | 6 | — | — |
| Non-Current Assets | |||
| Deferred Tax Assets | 47 | 31 | +51.6% |
| Operating Lease Right-of-Use Assets | 123 | 103 | +19.4% |
| Goodwill | 4,944 | 2,528 | +95.6% |
Show Business Segments breakouts |
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| Commercial Real Estate | 1,955 | 2,297 | -14.9% |
| Commercial Real Estate · Scenario Previously Reported | 3,405 | — | — |
| Residential Real Estate | 2,989 | 231 | +1193.9% |
| Residential Real Estate · Scenario Previously Reported | 1,539 | — | — |
Show Restatement breakouts |
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| Scenario Previously Reported | 4,944 | — | — |
Show Business Acquisition breakouts |
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| Matterport | 1,106 | — | — |
| Deposits Assets Noncurrent | 27 | 27 | 0.0% |
| Total Assets | 10,538 | 9,257 | +13.8% |
| Property, Plant & Equipment | 1,323 | 1,015 | +30.3% |
| Intangible Assets | 1,771 | 433 | +309.0% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Above Market Leases | 28 | 32 | -12.5% |
| Customer Contracts | 927 | 253 | +266.4% |
| Developed Technology Rights | 416 | 23 | +1708.7% |
| Leases Acquired In Place | 22 | 26 | -15.4% |
| Trade Names | 378 | 99 | +281.8% |
| Other Assets | |||
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | 1,323 | 1,015 | +30.3% |
| Intangible Assets Net Excluding Goodwill | 1,771 | 433 | +309.0% |
| Deferred Costs | 184 | 170 | +8.2% |
| Current Liabilities | |||
| Accounts Payable | 42 | 44 | -4.5% |
| Employee Related Liabilities Current | 145 | 133 | +9.0% |
| Accrued Liabilities And Other Liabilities Current | 203 | 164 | +23.8% |
| Litigation Reserve Current | 99 | — | — |
| Accrued Income Taxes Current | 1 | 23 | -95.7% |
| Operating And Finance Lease Liability Current | 28 | 32 | -12.5% |
| Deferred Revenue (Current) | 205 | 137 | +49.6% |
| Other Liabilities Current | 23 | 19 | +21.1% |
| Total Current Liabilities | 746 | 552 | +35.1% |
| Non-Current Liabilities | |||
| Long-Term Debt | 993 | 992 | +0.1% |
| Deferred Tax Liabilities | 238 | 8 | +2875.0% |
| Accrued Income Taxes Noncurrent | 27 | 25 | +8.0% |
| Lease And Other Liabilities Noncurrent | 163 | 127 | +28.3% |
| Total Liabilities | 2,167 | 1,704 | +27.2% |
| Long-Term Debt | 140 | — | — |
| Operating Lease Liabilities | 117 | 94 | +24.5% |
| Contract With Customer Liability Noncurrent | 1 | — | — |
| Other Liabilities | |||
| Minority Interest | 37 | — | — |
| Stockholders' Equity | |||
| Common Stock | 4 | 4 | 0.0% |
| Additional Paid-In Capital | 6,410 | 5,232 | +22.5% |
| Treasury Stock Value | -510 | — | — |
| Accumulated Other Comprehensive Income | 80 | -26 | +407.7% |
| Retained Earnings | 2,350 | 2,343 | +0.3% |
| Total Stockholders' Equity | 8,334 | 7,553 | +10.3% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 8,371 | 7,553 | +10.8% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 80 | -26 | +407.7% |
| Additional Paid In Capital | 6,410 | 5,232 | +22.5% |
| Common Stock | 4 | 4 | 0.0% |
| Noncontrolling Interest | 37 | — | — |
| Parent | 8,334 | 7,553 | +10.3% |
| Retained Earnings | 2,350 | 2,343 | +0.3% |
| Treasury Stock Common | -510 | — | — |
| Total Liabilities & Equity | 10,538 | 9,257 | +13.8% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 263 | 147 | +78.9% |
| Amortization Of Deferred Sales Commissions | 141 | 117 | +20.5% |
| Non Cash Lease Expense | 30 | 33 | -9.1% |
| Stock-Based Compensation | 194 | 89 | +118.0% |
| Deferred Income Taxes | 36 | -50 | +172.0% |
| Provision For Doubtful Accounts | 32 | 36 | -11.1% |
| Other Operating Activities Cash Flow Statement | -5 | 1 | -600.0% |
| Change in Accounts Receivable | -28 | -30 | +6.7% |
| Change in Prepaid & Other Assets | -21 | -8 | -162.5% |
| Increase Decrease Deferred Commissions | -152 | -120 | -26.7% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -12 | 44 | -127.3% |
| Increase Decrease In Lease Liability | -31 | -38 | +18.4% |
| Increase Decrease In Accrued Income Taxes Payable | -45 | 22 | -304.5% |
| Change in Deferred Revenue | 21 | 11 | +90.9% |
| Net Cash from Operations | 430 | 393 | +9.4% |
| Investing Activities | |||
| Proceeds From Sale Maturity And Collections Of Investments | 205 | 2 | +10150.0% |
| Capital Expenditures | -307 | -579 | +47.0% |
| Payments To Acquire Property And Equipment And Other Assets | -82 | -59 | -39.0% |
| Payments To Acquire Equity Securities Fv Ni | -285 | — | — |
| Payments To Acquire Businesses Net Of Cash Acquired | -2,347 | -277 | -747.3% |
| Net Cash from Investing | -2,816 | -913 | -208.4% |
| Capital Expenditures Incurred But Not Yet Paid And Noncash Landlord Incentives | 74 | 64 | +15.6% |
| Financing Activities | |||
| Tax Withholding for Share Compensation | -75 | -30 | -150.0% |
| Share Repurchases | -500 | — | — |
| Proceeds From Exercise Of Stock Options And Espp | 24 | 25 | -4.0% |
| Proceeds From Payments For Other Financing Activities | -8 | -9 | +11.1% |
| Net Cash from Financing | -559 | -14 | -3892.9% |
| Amortization of Financing Costs | 2 | 3 | -33.3% |
| Supplemental | |||
| Interest Paid | 30 | 31 | -3.2% |
| Income Taxes Paid | 73 | 100 | -27.0% |
| Income Taxes Paid | 73 | — | — |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -3 | -1 | -200.0% |
| Net Change in Cash | -2,948 | -535 | -451.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,733 | 4,681 | -63.0% |
Values in millions USD. Source: SEC EDGAR 10-K filing.