CoStar Group, Inc. is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Headquartered in Arlington, Virginia, the company operates a portfolio of prominent brands including CoStar, Apartments.com, LoopNet, Homes.com, and STR. CoStar is distinctive for its massive proprietary database of real estate data and its dominant position in digitizing property discovery and research for brokers, investors, and consumers.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
3,247,000
2,736,000
2,455,000
2,182,400
Cost of Sales
686,000
558,000
491,000
414,000
Gross Profit
2,561,000
2,178,000
1,964,000
1,768,400
Selling, General & Administrative Expenses
2,515,000
2,129,000
1,640,000
1,243,800
Depreciation & Amortization Expenses
118,000
44,000
42,000
73,600
Operating Profit
(72,000)
5,000
282,000
451,000
Interest and Investment Income
110,000
213,000
214,000
32,100
Non-Operating Income
(8,000)
(8,000)
6,000
3,400
Total Non-Operating Income
102,000
205,000
220,000
35,500
Income Before Provision for Income Taxes
30,000
210,000
502,000
486,500
Provision for Income Taxes
23,000
71,000
127,000
117,000
Consolidated Net Income
7,000
139,000
375,000
369,500
Net Income Attributable to Common Shareholders
7,000
139,000
375,000
369,500
Basic EPS
0.02
0.34
0.92
0.93
Diluted EPS
0.02
0.34
0.92
0.93
Basic Weighted Average Shares Outstanding
416,800
406,300
405,300
396,300
Diluted Weighted Average Shares Outstanding
420,700
407,800
406,900
397,800
Shares Outstanding
417,900
409,500
408,100
406,671
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
1,633,000
4,681,000
5,215,900
4,968,000
Total Cash and Cash Equivalents
1,633,000
4,681,000
5,215,900
4,968,000
Accounts Receivable
234,000
188,000
190,000
153,900
Other Receivables
18,000
—
—
—
Total Trade Receivables
252,000
188,000
190,000
153,900
Other Current Assets
234,000
81,000
70,200
64,000
Total Current Assets
2,119,000
4,950,000
5,476,100
5,185,900
Net Property, Plant & Equipment
1,446,000
1,118,000
552,000
401,700
Net Intangible Assets
1,771,000
433,000
313,700
329,300
Goodwill
4,944,000
2,528,000
2,386,200
2,314,800
Other Long-Term Assets
258,000
228,000
191,700
170,800
Total Assets
10,538,000
9,257,000
8,919,700
8,402,500
Accounts Payable
42,000
44,000
186,100
28,600
Accrued Expenses
348,000
297,000
117,800
194,100
Current Portion of Leases
28,000
32,000
40,000
36,000
Unearned Revenue
205,000
137,000
104,200
103,600
Other Current Liabilities
123,000
42,000
7,700
10,400
Total Current Liabilities
746,000
552,000
455,800
372,700
Long-Term Debt
993,000
992,000
990,500
989,200
Other Long-Term Liabilities
428,000
160,000
134,800
170,600
Total Long-Term Liabilities
1,421,000
1,152,000
1,125,300
1,159,800
Total Liabilities
2,167,000
1,704,000
1,581,100
1,532,500
Common Stock
4,000
4,000
4,100
4,100
Treasury Stock
(510,000)
—
—
—
Additional Paid-in Capital
6,410,000
5,232,000
5,147,800
5,065,400
Accumulated Other Comprehensive Income
80,000
(26,000)
(17,600)
(29,100)
Retained Earnings
2,350,000
2,343,000
2,204,300
1,829,600
Total Common Shareholders' Equity
8,334,000
7,553,000
7,338,600
6,870,000
Minority Interests and Other
37,000
—
—
—
Total Shareholders' Equity
8,371,000
7,553,000
7,338,600
6,870,000
Total Liabilities and Shareholders' Equity
10,538,000
9,257,000
8,919,700
8,402,500
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
7,000
139,000
375,000
369,500
Depreciation & Amortization
263,000
147,000
108,000
137,900
Share-Based Compensation Expense
194,000
89,000
85,000
75,200
Other Adjustments
234,000
137,000
121,000
101,700
Changes in Trade Receivables
(28,000)
(30,000)
(67,000)
(46,400)
Changes in Accounts Payable
(12,000)
44,000
34,000
23,200
Changes in Income Taxes Payable
(45,000)
22,000
11,000
(19,300)
Changes in Unearned Revenue
21,000
11,000
(1,000)
6,800
Changes in Other Operating Activities
(204,000)
(166,000)
(176,000)
(169,900)
Cash from Operating Activities
430,000
393,000
490,000
478,700
Capital Expenditure
(389,000)
(638,000)
(143,000)
(93,800)
Proceeds from Sale of Property, Plant & Equipment
—
—
—
30,100
Purchases of Investments
(285,000)
—
—
—
Proceeds from Sale of Investments
205,000
2,000
4,000
900
Payments for Business Acquisitions
(2,347,000)
(277,000)
(100,000)
(6,300)
Cash from Investing Activities
(2,816,000)
(913,000)
(239,000)
(69,100)
Repayments of Long-Term Debt
—
—
—
(2,200)
Net Issuance / (Repayments) of Long-Term Debt
—
—
—
(2,200)
Issuance of Common Shares
24,000
25,000
23,000
759,200
Repurchases of Common Shares
(575,000)
(30,000)
(26,000)
(23,000)
Net Issuance / (Repurchases) of Common Shares
(551,000)
(5,000)
(3,000)
736,200
Other Financing Activities
(8,000)
(9,000)
(1,000)
—
Cash from Financing Activities
(559,000)
(14,000)
(4,000)
734,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents
(3,000)
(1,000)
1,000
(2,700)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash