COSTAR GROUP, INC.

CSGP 10-K · FY 2025

CSGP FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 3,247 2,736 +18.7%
Show Product Lines breakouts
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
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
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
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
Material Reconciling Items 110 213 -48.4%
Other Non-Operating Income (Expense) -8 -8 0.0%
Show Derivative Risk breakouts
Foreign Exchange Contract 10
Show Consolidation Items breakouts
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
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
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
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

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
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
Scenario Previously Reported 4,944
Show Business Acquisition breakouts
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
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
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

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.

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