COSTAR GROUP, INC.

CSGP 10-Q · Q3 2025

CSGP Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 833.6 692.6 +20.4%
Show Product Lines breakouts
CoStar 277 256.9 +7.8%
CoStar · International 21 16.1 +30.4%
CoStar · North America 256 240.8 +6.3%
Information Services 41.3 33 +25.2%
Information Services · International 4.5 4.8 -6.2%
Information Services · North America 36.8 28.2 +30.5%
LoopNet [Member] 79.3 70.9 +11.8%
LoopNet [Member] · International 4.6 2.8 +64.3%
LoopNet [Member] · North America 74.7 68.1 +9.7%
Multifamily 303 271.8 +11.5%
Multifamily · North America 303 271.8 +11.5%
Product And Service Other 78.1 32.3 +141.8%
Product And Service Other · North America 78.1 32.3 +141.8%
Residential 54.9 27.7 +98.2%
Residential · International 34.4 10.7 +221.5%
Residential · North America 20.5 17 +20.6%
Show Business Segments breakouts
International 64.5 34.4 +87.5%
International · Operating Segments 64.5 34.4 +87.5%
North America 769.1 658.2 +16.8%
North America · Operating Segments 769.1 658.2 +16.8%
Show Geography breakouts
Non Us 91.2 40.7 +124.1%
Show Consolidation Items breakouts
Operating Segments 833.6 692.6 +20.4%
Show Business Acquisition breakouts
Domain 25.3
Matterport 43.9
Cost of Revenue 172.2 140.6 +22.5%
Gross Profit 661.4 552 +19.8%
Sales & Marketing 418.3 331.2 +26.3%
Research And Development Expense Software Excluding Acquired In Process Cost 105.4 81 +30.1%
General & Administrative 157 105.8 +48.4%
Show Business Segments breakouts
International · Operating Segments 30.8 8.3 +271.1%
North America · Operating Segments 140.2 131.3 +6.8%
Show Consolidation Items breakouts
Operating Segments 171 139.6 +22.5%
Amortization Of Intangible Assets 31.8 10.3 +208.7%
Show Finite Lived Intangible Assets By Major Class breakouts
Above Market Leases 1 2.9 -65.5%
Operating Expenses 712.5 528.3 +34.9%
Operating Income -51.1 23.7 -315.6%
Interest Income Expense Nonoperating Net 26 55.6 -53.2%
Show Consolidation Items breakouts
Material Reconciling Items 26 55.6 -53.2%
Other Non-Operating Income (Expense) -20.7 -1.6 -1193.7%
Show Derivative Risk breakouts
Foreign Exchange Contract 23.4
Show Consolidation Items breakouts
Material Reconciling Items -20.7 -1.6 -1193.7%
Income Before Taxes -45.8 77.7 -158.9%
Income Tax Expense (Benefit) -14.9 24.7 -160.3%
Net Income -30.9 53 -158.3%
Show Business Acquisition breakouts
Domain -4.4
Matterport 98.1
EPS (Basic) -0.07 0.13 -153.8%
EPS (Diluted) -0.07 0.13 -153.8%
Wtd Avg Shares (Basic) 419.9 406.8 +3.2%
Wtd Avg Shares (Diluted) 419.9 408 +2.9%
Interest Expense 4.4 6.3 -30.2%
Net Income -30.9 53 -158.3%
Show Equity Components breakouts
Parent -30.9
Retained Earnings -30.9 53 -158.3%
Comprehensive Income 5.9 71 -91.7%
Other Comprehensive Income 36.8 18 +104.4%
Labor And Related Expense (Q)
Show Business Segments breakouts
International · Operating Segments 37.9 24.4 +55.3%
North America · Operating Segments 392.9 274.8 +43.0%
Show Consolidation Items breakouts
Operating Segments 430.8 299.2 +44.0%
Operating Lease Lease Income 4.3 6.6 -34.8%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 1,935.3
Restricted Cash Current 99.5
Accounts Receivable Gross Current 273.7 202.4 +35.2%
Allowance For Doubtful Accounts Receivable Current -29.9 -23.6 -26.7%
Accounts Receivable 243.8 178.8 +36.4%
Prepaid Expenses & Other Current Assets 126.5 78.7 +60.7%
Total Current Assets 2,405.1 5,195.1 -53.7%
Inventory 6.3
Non-Current Assets
Deferred Tax Assets 65.9 4.3 +1432.6%
Operating Lease Right-of-Use Assets 111.3 79.2 +40.5%
Goodwill 4,915.4
Show Business Segments breakouts
International 1,489.8
International · Operating Segments 1,489.8
North America 3,425.6
North America · Operating Segments 3,425.6
Deposits Assets Noncurrent 30.2 26 +16.2%
Total Assets 10,819.9
Show Business Segments breakouts
International · Operating Segments 2,808.2
North America · Operating Segments 8,011.7
Property, Plant & Equipment 1,269.6
Show Business Segments breakouts
International · Operating Segments 34.8
North America · Operating Segments 1,234.8
Intangible Assets 1,844.4
Show Finite Lived Intangible Assets By Major Class breakouts
Above Market Leases 29.1
Customer Contracts 974.9
Developed Technology Rights 432.4
Leases Acquired In Place 23.2
Trade Names 384.8
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 1,269.6
Intangible Assets Net Excluding Goodwill 1,844.4 324.7 +468.0%
Deferred Costs 178
Current Liabilities
Accounts Payable 46.5 84.4 -44.9%
Employee Related Liabilities Current 145.2 105.5 +37.6%
Accrued Liabilities And Other Liabilities Current 217 188.1 +15.4%
Litigation Reserve Current 98.8
Accrued Income Taxes Current 9.5 8.9 +6.7%
Operating And Finance Lease Liability Current 28.4 38.9 -27.0%
Deferred Revenue (Current) 201.6 113.6 +77.5%
Other Liabilities Current 23.5
Total Current Liabilities 770.5 539.4 +42.8%
Non-Current Liabilities
Long-Term Debt 992.9
Deferred Tax Liabilities 248.6 12.8 +1842.2%
Accrued Income Taxes Noncurrent 27.3 23.9 +14.2%
Lease And Other Liabilities Noncurrent 156.7 80 +95.9%
Total Liabilities 2,196
Show Business Segments breakouts
International · Operating Segments 424.3
North America · Operating Segments 1,771.7
Long-Term Debt 1,000
Operating Lease Liabilities 103.9 63.7 +63.1%
Contract With Customer Liability Noncurrent 1.3 0.1 +1200.0%
Other Liabilities
Minority Interest 8.1
Stockholders' Equity
Total Stockholders' Equity 8,615.8
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 8,623.9 7,491.1 +15.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 57 -4.1 +1490.2%
Additional Paid In Capital 6,366.1 5,207.9 +22.2%
Common Stock 4.2 4.1 +2.4%
Noncontrolling Interest 8.1
Parent 8,615.8
Retained Earnings 2,303.5 2,283.2 +0.9%
Treasury Stock Common -115
Total Liabilities & Equity 10,819.9 9,138.7 +18.4%
Accumulated Other Comprehensive Income 57

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation & Amortization 182 107.6 +69.1%
Amortization Of Deferred Sales Commissions 110.4 86.1 +28.2%
Non Cash Lease Expense 22.3 25.1 -11.2%
Stock-Based Compensation 153 67.3 +127.3%
Deferred Income Taxes 5.4 -15.4 +135.1%
Provision For Doubtful Accounts 25.9 25.8 +0.4%
Other Operating Activities Cash Flow Statement -5.9 1.7 -447.1%
Change in Accounts Receivable -32.3 -13.7 -135.8%
Change in Prepaid & Other Assets -19.2 -8.2 -134.1%
Increase Decrease Deferred Commissions -117.2 -91.7 -27.8%
Increase Decrease In Accounts Payable And Accrued Liabilities 10.9 57.9 -81.2%
Increase Decrease In Lease Liability -23.8 -29.9 +20.4%
Increase Decrease In Accrued Income Taxes Payable -21.2 -1.7 -1147.1%
Change in Deferred Revenue 17.1 8.2 +108.5%
Net Cash from Operations 267.9 298 -10.1%
Investing Activities
Proceeds From Sale Maturity And Collections Of Investments 203.4
Proceeds From Sale Of Property And Equipment And Other Assets 1.3 1.4 -7.1%
Capital Expenditures -246.2 -509.6 +51.7%
Payments To Acquire Property And Equipment And Other Assets -76.3 -49.5 -54.1%
Payments To Acquire Equity Securities Fv Ni -284.8
Payments To Acquire Businesses Net Of Cash Acquired -2,347.2 -5.1 -45923.5%
Net Cash from Investing -2,749.8 -562.8 -388.6%
Capital Expenditures Incurred But Not Yet Paid And Noncash Landlord Incentives 80.5 47.8 +68.4%
Financing Activities
Tax Withholding for Share Compensation -64.2 -28.7 -123.7%
Share Repurchases -115
Proceeds From Exercise Of Stock Options And Espp 20.4 21.7 -6.0%
Finance Lease Principal Payments -3.3 -3.4 +2.9%
Net Cash from Financing -162.1 -13.8 -1074.6%
Amortization of Financing Costs 1.6 2.3 -30.4%
Supplemental
Interest Paid 29.5 29.8 -1.0%
Income Taxes Paid 56.4 63.4 -11.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -2.2 0.3 -833.3%
Net Change in Cash -2,646.2 -278.3 -850.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,034.8 4,937.6 -58.8%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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