CoStar Group

Real Estate Real Estate Services Washington, D.C. Last filing Feb 26, 2026 · FY2025

                    Revenue
                    FY2025
                
$3.2B
                    3y CAGR +14.2%
                    
                    P83
                    
                    +18.7%
                    
                    Net income
                    FY2025
                
$7.0M
                    Net margin +0.2%
                    
                    P7
                    
                    -95.0%
                    
                    Total assets
                    FY2025
                
$10.5B
                    ROA +0.1%
                    
                    P6
                    
                    +13.8%
                    
                    Operating cash flow
                    FY2025
                
$430.0M
                    FCF margin +3.8%
                    
                    P13
                    
                    +9.4%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $10.5B

Total liabilities $2.2B

Shareholders equity $8.3B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$1.6B -65.3%	$4.7B -9.6%	$5.2B 4.0%	$5.0B 30.6%	$3.8B
Short Term Investments	$0	$0	$0	$0	$0
Accounts Receivable	$234.0M 24.5%	$187.9M -1.1%	$190.0M 23.4%	$153.9M 23.3%	$124.8M
Prepaid Expenses	$134.0M 64.8%	$81.3M 15.8%	$70.2M 9.8%	$64.0M 76.8%	$36.2M
Other Current Assets	$134.0M 64.8%	$81.3M 15.8%	$70.2M 9.8%	$64.0M 76.8%	$36.2M
Total Current Assets	$2.1B -57.2%	$5.0B -9.6%	$5.5B 5.6%	$5.2B 30.0%	$4.0B
Property,Plant and Equipment	$1.3B 30.4%	$1.0B 114.9%	$472.2M 47.0%	$321.2M 18.4%	$271.4M
Operating Lease Assets	$123.0M 19.4%	$103.0M 29.1%	$79.8M -0.7%	$80.4M -20.2%	$100.7M
Goodwill	$4.9B 95.6%	$2.5B 5.9%	$2.4B 3.1%	$2.3B -0.3%	$2.3B
Intangible Assets	$1.8B 308.8%	$433.2M 38.1%	$313.7M -4.7%	$329.3M -24.4%	$435.7M
Deferred Tax Assets	$47.0M 53.6%	$30.6M 611.6%	$4.3M -55.8%	$9.7M 93.1%	$5.0M
Other Noncurrent Assets	$0	$0 -100.0%	$2.0M -0.2%	$2.0M -82.2%	$11.3M
Total Assets	$10.5B 13.8%	$9.3B 3.8%	$8.9B 6.2%	$8.4B 15.8%	$7.3B
Liabilities
Accounts Payable	$42.0M -10.6%	$47.0M 103.5%	$23.1M -18.8%	$28.5M 27.9%	$22.2M
Accrued Liabilities	$145.0M 8.8%	$133.3M 13.2%	$117.8M 32.2%	$89.1M 9.1%	$81.7M
Deferred Revenue	$205.0M 49.5%	$137.1M 31.6%	$104.2M 0.6%	$103.6M 8.5%	$95.5M
Operating Lease Liabilities	$23.0M -14.8%	$27.0M -26.8%	$36.9M 2.4%	$36.0M 37.2%	$26.3M
Other Current Liabilities	$23.0M	—	—	—	—
Total Current Liabilities	$746.0M 35.1%	$552.3M 21.2%	$455.8M 22.3%	$372.6M 10.0%	$338.7M
Long Term Debt	$993.0M 0.1%	$991.9M 0.1%	$990.5M 0.1%	$989.2M 0.1%	$987.9M
Deferred Revenue Noncurrent	$1.0M 400.0%	$200.0K 100.0%	$100.0K -50.0%	$200.0K -83.3%	$1.2M
Operating Lease Liabilities Noncurrent	$117.0M 24.9%	$93.7M 42.0%	$66.0M -13.2%	$76.0M -23.5%	$99.4M
Deferred Tax Liabilities	$238.0M 3031.6%	$7.6M -79.3%	$36.7M -51.8%	$76.2M -22.8%	$98.7M
Other Noncurrent Liabilities	$27.0M 8.0%	$25.0M 37.4%	$18.2M 30.0%	$14.0M 12.0%	$12.5M
Total Liabilities	$2.2B 27.2%	$1.7B 7.7%	$1.6B 3.2%	$1.5B -0.8%	$1.5B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$0 -100.0%	$4.1M 0.0%	$4.1M 0.8%	$4.1M 3.0%	$3.9M
Additional Paid In Capital	$192.0M -96.3%	$5.2B 1.6%	$5.1B 1.6%	$5.1B 19.1%	$4.3B
Treasury Stock	$500.0M	—	—	—	—
Accumulated Other Comprehensive Income	$0 100.0%	$-25.5M -44.9%	$-17.6M 39.5%	$-29.1M -404.9%	$-5.8M
Total Stockholders Equity	$8.3B 10.3%	$7.6B 2.9%	$7.3B 6.8%	$6.9B 20.3%	$5.7B
Total Liabilitiesand Equity	$10.5B 13.8%	$9.3B 3.8%	$8.9B 6.2%	$8.4B 15.8%	$7.3B

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $3.2B

Operating income $-72.0M

Net income $7.0M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$3.2B 18.7%	$2.7B 11.4%	$2.5B 12.5%	$2.2B 12.3%	$1.9B
Expenses Cost of Revenue	$686.0M 22.9%	$558.0M 13.6%	$491.0M 18.6%	$414.0M 15.9%	$357.2M
Expenses Selling,General and Administrative	$549.0M 25.1%	$439.0M 14.9%	$382.0M 12.8%	$338.7M 31.9%	$256.8M
Expenses Depreciation and Amortization	$263.0M 78.9%	$147.0M 36.1%	$108.0M -21.7%	$137.9M -1.2%	$139.6M
Expenses Share Based Compensation	$194.0M 118.0%	$89.0M 4.7%	$85.0M 13.0%	$75.2M 18.1%	$63.7M
Expenses Operating Expenses	$2.6B 21.2%	$2.2B 29.2%	$1.7B 27.7%	$1.3B 14.1%	$1.2B
Other Income Expense Gross Profit	$2.6B 17.6%	$2.2B 10.9%	$2.0B 11.1%	$1.8B 11.4%	$1.6B
Other Income Expense Operating Income	$-72.0M -1540.0%	$5.0M -98.2%	$282.0M -37.5%	$451.0M 4.3%	$432.3M
Other Income Expense Interest Income	$110.0M -48.4%	$213.0M -0.5%	$214.0M 566.7%	$32.1M 201.6%	$-31.6M
Other Income Expense Interest Expense	$28.0M 0.0%	$28.0M 0.0%	$28.0M 0.0%	$28.0M -13.3%	$32.3M
Other Income Expense Other Income/expense	$-8.0M 0.0%	$-8.0M -233.3%	$6.0M 76.5%	$3.4M 3.0%	$3.3M
Other Income Expense Income Before Tax	$30.0M -85.7%	$210.0M -58.2%	$502.0M 3.2%	$486.5M 20.4%	$404.0M
Income Tax Income Tax Expense	$23.0M -67.6%	$71.0M -44.1%	$127.0M 8.5%	$117.0M 5.0%	$111.4M
net Income net Income	$7.0M -95.0%	$139.0M -62.9%	$375.0M 1.5%	$369.5M 26.3%	$292.6M
net Income Comprehensive Income	$113.0M -13.7%	$131.0M -66.1%	$387.0M 11.8%	$346.2M 20.3%	$287.7M
Earnings Per Share Basic Eps	$0 -94.1%	$0 -63.0%	$1 -1.1%	$1 24.0%	$1
Earnings Per Share Diluted Eps	$0 -94.1%	$0 -63.0%	$1 -1.1%	$1 25.7%	$1
Earnings Per Share Weighted Average Shares Basic	$416.8M 2.6%	$406.3M 0.2%	$405.3M 2.3%	$396.3M 1.0%	$392.2M
Earnings Per Share Weighted Average Shares Diluted	$420.7M 3.2%	$407.8M 0.2%	$406.9M 2.3%	$397.8M 0.9%	$394.2M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Operating cash flow $430.0M

Investing cash flow $-2.8B

Financing cash flow $-559.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$7.0M -95.0%	$139.0M -62.9%	$375.0M 1.5%	$369.5M 26.3%	$292.6M
Operating Activities Depreciation and Amortization	$263.0M 78.9%	$147.0M 36.1%	$108.0M -21.7%	$137.9M -1.2%	$139.6M
Operating Activities Stock Based Compensation	$194.0M 118.0%	$89.0M 4.7%	$85.0M 13.0%	$75.2M 18.1%	$63.7M
Operating Activities Deferred Income Taxes	$36.0M 172.0%	$-50.0M -35.1%	$-37.0M -18.6%	$-31.2M -228.9%	$24.2M
Operating Activities Changes In Operating Assets and Liabilities	$70.0M 42.9%	$49.0M -41.0%	$83.0M 16.7%	$71.1M 14.9%	$61.9M
Operating Activities Other Non Cash Items	$-5.0M -600.0%	$1.0M 150.0%	$-2.0M 16.7%	$-2.4M -242.9%	$-700.0K
Operating Activities net Cash From Operating Activities	$430.0M 9.4%	$393.0M -19.8%	$490.0M 2.4%	$478.7M 1.9%	$469.7M
Investing Activities Capital Expenditures	$307.0M -47.0%	$579.0M 390.7%	$118.0M 235.2%	$35.2M -71.5%	$123.7M
Investing Activities Business Acquisitions	$2.3B 747.3%	$277.0M 177.0%	$100.0M 1487.3%	$6.3M -96.7%	$193.0M
Investing Activities Purchases of Investments	$285.0M	$0	—	—	—
Investing Activities net Cash From Investing Activities	$-2.8B -208.4%	$-913.0M -282.0%	$-239.0M -245.9%	$-69.1M 81.9%	$-381.3M
Financing Activities Repayment of Debt	$5.0M	$0	$0 -100.0%	$2.2M	$0
Financing Activities Repurchase of Common Stock	$500.0M	$0	$0	—	—
Financing Activities Tax Withholding On Stock Based Compensation	$75.0M 150.0%	$30.0M 15.4%	$26.0M 13.0%	$23.0M -30.9%	$33.3M
Financing Activities Other Financing Activities	$-8.0M 11.1%	$-9.0M -800.0%	$-1.0M	$0 100.0%	$-400.0K
Financing Activities net Cash From Financing Activities	$-559.0M -3892.9%	$-14.0M -250.0%	$-4.0M -100.5%	$734.0M 4775.2%	$-15.7M
Cash Reconciliation Effect of Exchange Rate On Cash	$-3.0M -200.0%	$-1.0M -200.0%	$1.0M 137.0%	$-2.7M -80.0%	$-1.5M
Cash Reconciliation net Change In Cash	$-2.9B -451.0%	$-535.0M -315.7%	$248.0M -78.3%	$1.1B 1502.4%	$71.2M
Cash Reconciliation Cash At Beginning of Period	$1.7B -63.0%	$4.7B -10.3%	$5.2B 5.0%	$5.0B 29.8%	$3.8B
Cash Reconciliation Cash At End of Period	$1.7B -63.0%	$4.7B -10.3%	$5.2B 5.0%	$5.0B 29.8%	$3.8B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+78.9%	+79.6%	+80.0%	+81.0%	+81.6%
Operating margin	-2.2%	+0.2%	+11.5%	+20.7%	+22.2%
Net margin	+0.2%	+5.1%	+15.3%	+16.9%	+15.1%
FCF margin	+3.8%	-6.8%	+15.2%	+20.3%	+17.8%
Growth
Revenue CAGR (3y)	+14.2%	+12.1%	+14.0%	+16.0%	+17.7%
Returns
ROE	+0.1%	+1.8%	+5.1%	+5.4%	+5.1%
ROA	+0.1%	+1.5%	+4.2%	+4.4%	+4.0%
ROIC	-0.2%	+0.1%	+6.7%	+12.0%	+10.9%
Liquidity
Current ratio	2.84x	8.96x	12.01x	13.92x	11.78x
Quick ratio	2.50x	8.85x	11.83x	13.83x	11.67x
Leverage
D/E	0.26x	0.23x	0.22x	0.22x	0.27x
Interest coverage	-2.57x	0.18x	10.07x	16.11x	13.38x
Efficiency
Asset turnover	0.31x	0.30x	0.28x	0.26x	0.27x
Cash conversion cycle	+7d	-6d	+11d	+1d	+1d

Valuation

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FY2025 fundamentals · no price

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CoStar Group

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