← Filings of CSGP
Tables in the 10-Q of COSTAR GROUP, INC.
60 tables with numbers, filed Oct 29, 2025. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| | Glossary of Terms | 3 |
| PART I | | FINANCIAL INFORMATION | |
| Item 1. | | Financial Statements | 6 |
| | Condensed Consolidated Statements of Operations | 6 |
| | Condensed Consolidated Statements of Comprehensive Income | 7 |
| | Condensed Consolidated Balance Sheets | 8 |
| | Condensed Consolidated Statements of Changes in Stockholders’ Equity | 9 |
| | Condensed Consolidated Statements of Cash Flows | 11 |
First 8 of 21 rows. The CSV has all of them.
| Abbreviation or Acronym | Definition |
| 2024 Credit Agreement | The credit agreement the Company entered into on May 24, 2024 |
| 2024 Form 10-K | CoStar Group's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 19, 2025 |
| A$ | Australian dollars |
| AI | Artificial Intelligence |
| AOMs | Structured equity vehicles operating under Domain's Agent Ownership Model. The AOMs function as strategic partnership tools that provide residential and commercial real estate agencies an economic stake in Domain-affiliated entities, creating a mechanism to reward long-term engagement and performance through profit-sharing rather than traditional commissions or rebates. |
| ASC | Accounting Standards Codification |
| Assumed Matterport Plans | The Matterport 2021 Incentive Award Plan and Matterport, Inc. Amended and Restated 2011 Stock Incentive Plan assumed by CoStar Group in connection with the Matterport Acquisition |
First 8 of 29 rows. The CSV has all of them.
| Abbreviation or Acronym | Definition |
| Homes.com | The flagship brand of our North American residential products and a homes for-sale listings site, which manages workflow and marketing for residential real estate agents and brokers and allows homebuyers to view residential property listings, research communities, and connect with real estate agents and brokers |
| Land.com Network | Our network of sites featuring rural lands for sale including Land.com, LandsofAmerica, LandAndFarm, and LandWatch |
| Matching RSUs | Awards of matching restricted stock units awarded under the Company's Management Stock Purchase Plan |
| Matterport | The legal entity Matterport, LLC, formerly known as Matterport Inc., a Delaware corporation and provider of a technology platform that uses spatial data to transform physical buildings and spaces into dimensionally accurate, digital images |
| Matterport Acquisition | CoStar's acquisition of Matterport completed on February 28, 2025, pursuant to the Matterport Merger Agreement |
| Matterport Common Stock | Matterport Class A common stock, par value $0.0001 per share |
| Matterport Merger Exchange Ratio | A ratio of 0.03552 which was determined by the Matterport Merger Agreement and was set on the collar floor as the volume-weighted average price at which the CoStar Group Shares traded on the Nasdaq Global Select Market for the 20 consecutive Trading Days was below the Floor Price of a symmetrical collar of $77.42 |
First 8 of 29 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Revenues | $833.6 | | $692.6 | | $2,347.1 | $2,026.8 |
| Cost of revenues | 172.2 | | 140.6 | | 493.3 | 417.6 |
| Gross profit | 661.4 | | 552.0 | | 1,853.8 | 1,609.2 |
| Operating expenses: | | | | | | |
| Selling and marketing (excluding customer base amortization) | 418.3 | | 331.2 | | 1,182.1 | 1,055.7 |
| Software development | 105.4 | | 81.0 | | 297.0 | 243.0 |
First 8 of 21 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net income (loss) | $(30.9) | | $53.0 | | $(39.5) | $78.9 |
| Other comprehensive income, net of tax | | | | | | |
| Foreign currency translation adjustment | 36.8 | | 18.0 | | 82.5 | 13.5 |
| Total other comprehensive income | 36.8 | | 18.0 | | 82.5 | 13.5 |
| Total comprehensive income | $5.9 | | $71.0 | | $43.0 | $92.4 |
| September 30, 2025 | December 31, 2024 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $1,935.3 | | $4,681.0 |
| Restricted cash | 99.5 | | — |
| Accounts receivable | 273.7 | | 210.7 |
| Less: Allowance for credit losses | (29.9) | | (22.8) |
| Accounts receivable, net | 243.8 | | 187.9 |
First 8 of 39 rows. The CSV has all of them.
| Common Stock | Additional Paid-In Capital | | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Retained Earnings | | Stockholders’ Equity Attributable to CoStar Group | Equity Attributable to NCI | Total Equity | | | | |
| Shares | Amount | | | | | | | | | | | | |
| Balance at December 31, 2024 | 409.5 | | $4.1 | | $5,231.9 | | $— | | $(25.5) | | $2,343.0 | $7,553.5 | $— | $7,553.5 |
| Net income (loss) | — | | — | | — | | — | | — | | (14.8) | (14.8) | — | (14.8) |
| Other comprehensive income (loss) | — | | — | | — | | — | | 8.8 | | — | 8.8 | — | 8.8 |
| Exercise of stock options | 0.1 | | — | | 0.9 | | — | | — | | — | 0.9 | — | 0.9 |
| Restricted stock grants | 2.3 | | — | | — | | — | | — | | — | — | — | — |
| Restricted stock grants surrendered | (0.3) | | — | | (33.4) | | — | | — | | — | (33.4) | — | (33.4) |
First 8 of 36 rows. The CSV has all of them.
| Common Stock | Additional Paid-In Capital | | Accumulated Other Comprehensive Income (Loss) | Retained Earnings | Total Stockholders' Equity | | | |
| Shares | Amount | | | | | | | |
| Balance at December 31, 2023 | 408.1 | | $4.1 | | $5,147.8 | | $(17.6) | $2,204.3 | $7,338.6 |
| Net income (loss) | — | | — | | — | | — | 6.7 | 6.7 |
| Other comprehensive income (loss) | — | | — | | — | | (4.3) | — | (4.3) |
| Restricted stock grants | 1.4 | | — | | — | | — | — | — |
| Restricted stock grants surrendered | (0.4) | | — | | (24.5) | | — | — | (24.5) |
| Employee stock purchase plan | 0.1 | | — | | 5.2 | | — | — | 5.2 |
First 8 of 27 rows. The CSV has all of them.
| Nine Months Ended September 30, | | |
| 2025 | 2024 | |
| Operating activities: | | | |
| Net income (loss) | $(39.5) | | $78.9 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | | |
| Depreciation and amortization | 182.0 | | 107.6 |
| Amortization of deferred commissions costs | 110.4 | | 86.1 |
| Non-cash lease expense | 22.3 | | 25.1 |
First 8 of 45 rows. The CSV has all of them.
Table 10 after “The components of accumulated other comprehensive income (loss) were as follows (in millions):”
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| September 30, 2025 | December 31, 2024 | |
| Foreign currency translation income (loss) | $57.0 | | $(25.5) |
| Total accumulated other comprehensive income (loss) | $57.0 | | $(25.5) |
Table 11 after “The following table sets forth the calculation of basic and diluted net income (loss) per share (in millions, except per share data):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| Numerator: | 2025 | 2024 | | 2025 | 2024 | |
| Net income (loss) | $(30.9) | | $53.0 | | $(39.5) | $78.9 |
| Denominator: | | | | | | |
| Denominator for basic net income (loss) per share — weighted-average outstanding shares | 419.9 | | 406.8 | | 416.7 | 406.2 |
| Effect of dilutive securities: | | | | | | |
| Stock options, restricted stock awards, and restricted stock units | — | | 1.2 | | — | 1.4 |
| Denominator for diluted net income (loss) per share — weighted-average outstanding shares | 419.9 | | 408.0 | | 416.7 | 407.6 |
First 8 of 10 rows. The CSV has all of them.
Table 12 after “The following table summarizes the shares underlying the unvested performance-based restricted stock and anti-dilutive securities excluded f”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Performance-based restricted stock awards | 1.4 | | 0.7 | | 1.4 | 0.7 |
| Anti-dilutive securities | 0.8 | | 0.7 | | 1.8 | 0.9 |
Table 13 after “Stock-based compensation expense for stock options, restricted stock awards, and restricted stock units issued under equity incentive plans,”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Cost of revenues | $5.9 | | $3.6 | | $15.6 | $10.9 |
| Selling and marketing (excluding customer base amortization) | 13.0 | | 2.9 | | 26.6 | 8.4 |
| Software development | 14.3 | | 5.3 | | 34.2 | 16.3 |
| General and administrative | 37.6 | | 10.0 | | 76.6 | 31.7 |
| Total stock-based compensation expense | $70.8 | | $21.8 | | $153.0 | $67.3 |
| September 30, 2025 | December 31, 2024 | |
| Cash and cash equivalents | $1,935.3 | | $4,681.0 |
| Restricted cash | 99.5 | | — |
| Total cash, cash equivalents, and restricted cash | $2,034.8 | | $4,681.0 |
| September 30, 2025 |
| Finished goods | $3.4 |
| Work in process | 0.2 |
| Purchased parts and raw materials | 2.7 |
| Total inventories | $6.3 |
Table 16 after “million and was allocated to the following components (in millions):”
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| Component | Balance Sheet Caption | Amount |
| Land | Property and equipment, net | $17.2 |
| Building | Property and equipment, net | 224.5 |
| Land and building improvements | Property and equipment, net | 27.5 |
| Above-market leases | Intangible assets, net | 41.7 |
| In-place leases | Intangible assets, net | 32.1 |
| | $343.0 |
Table 17 after “Deferred lease income as of September 30, 2025 and December 31, 2024 was as follows (in millions):”
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| Balance | Balance Sheet Caption | September 30, 2025 | December 31, 2024 | |
| Current portion | Other current liabilities | $5.9 | | $4.5 |
| Non-current portion | Lease and other long-term liabilities | 36.7 | | 18.5 |
| Total deferred lease income | | $42.6 | | $23.0 |
Table 18 after “Components of other expense, net related to leasing operations for the three months ended September 30, 2025 and 2024 were as follows (in mi”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Lease income(1) | $4.3 | | $6.6 | | $13.3 | $16.4 |
| Less: | | | | | | |
| Property operating expenses | 1.6 | | 2.5 | | 4.4 | 6.7 |
| Depreciation and amortization expense | 2.7 | | 5.4 | | 14.2 | 14.3 |
| Other expense from leasing operations | $— | | $(1.3) | | $(5.3) | $(4.6) |
| __________________________ | | | | | | |
First 8 of 9 rows. The CSV has all of them.
Table 19 after “Revenues by operating segment and type of service consist of the following (in millions):”
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| Three Months Ended September 30, | | | | | | | | | |
| 2025 | 2024 | | | | | | | | |
| North America | International | | Total | North America | International | | Total | | |
| CoStar | $256.0 | | $21.0 | | $277.0 | | $240.8 | | $16.1 | $256.9 |
| Information Services | 36.8 | | 4.5 | | 41.3 | | 28.2 | | 4.8 | 33.0 |
| Multifamily | 303.0 | | — | | 303.0 | | 271.8 | | — | 271.8 |
| LoopNet | 74.7 | | 4.6 | | 79.3 | | 68.1 | | 2.8 | 70.9 |
| Residential | 20.5 | | 34.4 | | 54.9 | | 17.0 | | 10.7 | 27.7 |
First 8 of 10 rows. The CSV has all of them.
Table 20 after “Revenues by operating segment and type of service consist of the following (in millions):”
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| Nine Months Ended September 30, | | | | | | | | | |
| 2025 | 2024 | | | | | | | | |
| North America | International | | Total | North America | International | | Total | | |
| CoStar | $755.2 | | $57.8 | | $813.0 | | $713.6 | | $46.6 | $760.2 |
| Information Services | 108.5 | | 11.9 | | 120.4 | | 83.5 | | 15.9 | 99.4 |
| Multifamily | 877.8 | | — | | 877.8 | | 790.8 | | — | 790.8 |
| LoopNet | 217.3 | | 10.5 | | 227.8 | | 201.7 | | 8.1 | 209.8 |
| Residential | 54.1 | | 56.4 | | 110.5 | | 41.6 | | 30.9 | 72.5 |
First 8 of 10 rows. The CSV has all of them.
Table 21 after “Deferred revenue as of September 30, 2025 and December 31, 2024 was as follows (in millions):”
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| Balance | Balance Sheet Caption | September 30, 2025 | December 31, 2024 | |
| Current portion | Deferred revenue | $201.6 | | $137.1 |
| Non-current portion | Lease and other long-term liabilities | 1.3 | | 0.2 |
| Total deferred revenue | | $202.9 | | $137.3 |
Table 22 after “Changes in deferred revenue for the period were as follows (in millions):”
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| Balance at December 31, 2024 | $137.3 |
| Revenues recognized in the current period from the amounts in the beginning balance | (129.4) |
| New deferrals, net of amounts recognized in the current period (1) | 192.7 |
| Effects of foreign currency | 2.3 |
| Balance at September 30, 2025 | $202.9 |
| __________________________ | |
Table 23 after “Contract assets as of September 30, 2025 and December 31, 2024 were as follows (in millions):”
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| Balance | Balance Sheet Caption | September 30, 2025 | December 31, 2024 | |
| Current portion | Prepaid expenses and other current assets | $8.7 | | $5.8 |
| Non-current portion | Deposits and other assets | 3.5 | | 6.0 |
| Total contract assets | | $12.2 | | $11.8 |
Table 24 after “Commissions expense is included in selling and marketing expense (excluding customer base amortization) in the Company's condensed consolida”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Commissions incurred | $59.8 | | $40.0 | | $169.0 | $136.5 |
| Commissions capitalized in the current period | (37.2) | | (24.5) | | (115.7) | (92.1) |
| Amortization of deferred commissions costs | 43.5 | | 29.8 | | 110.4 | 86.1 |
| Total commissions expense | $66.1 | | $45.3 | | $163.7 | $130.5 |
Table 25 after “The following tables detail the activity related to the allowance for credit losses for trade receivables by portfolio segment (in millions)”
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| Nine Months Ended September 30, 2025 | | | | | | | | | |
| CoStar | Information Services | | Multifamily | LoopNet | Other Revenues | | Total | | |
| Beginning balance at December 31, 2024 | $6.1 | | $3.9 | | $9.4 | | $3.0 | | $0.4 | $22.8 |
| Current-period provision for expected credit losses | 7.8 | | 1.4 | | 11.1 | | 3.2 | | 2.4 | 25.9 |
| Write-offs charged against the allowance | (6.7) | | (1.4) | | (7.7) | | (2.7) | | (0.3) | (18.8) |
| Ending balance at September 30, 2025 | $7.2 | | $3.9 | | $12.8 | | $3.5 | | $2.5 | $29.9 |
Table 26 after “The following tables detail the activity related to the allowance for credit losses for trade receivables by portfolio segment (in millions)”
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| Nine Months Ended September 30, 2024 | | | | | | | | | |
| CoStar | Information Services | | Multifamily | LoopNet | Other Revenues | | Total | | |
| Beginning balance at December 31, 2023 | $9.7 | | $2.5 | | $7.3 | | $2.7 | | $1.0 | $23.2 |
| Current-period provision for expected credit losses | 10.9 | | 1.4 | | 8.9 | | 4.4 | | 0.2 | 25.8 |
| Write-offs charged against the allowance | (12.6) | | (0.8) | | (7.1) | | (4.3) | | (0.6) | (25.4) |
| Ending balance at September 30, 2024 | $8.0 | | $3.1 | | $9.1 | | $2.8 | | $0.6 | $23.6 |
Table 27 after “billion, which consisted of the following (in millions):”
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| Amount |
| Cash | $1,472.5 |
| Settlement of existing debt | 138.6 |
| Fair value of cash settled equity awards related to pre-combination services | 0.9 |
| Total purchase consideration | 1,612.0 |
| Fair value of previously held equity interests | 299.9 |
| $1,911.9 |
Table 28 after “The following table summarizes the amounts recorded for acquired assets and assumed liabilities recorded at their fair value as of the closi”
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| Preliminary: August 27, 2025 |
| Cash and cash equivalents | $14.8 |
| Accounts receivable | 34.9 |
| Intangible assets | 944.6 |
| Accrued expenses | (27.1) |
| Deferred revenue | (14.1) |
| Deferred tax liability | (234.7) |
| Other assets and (liabilities), net | (9.4) |
First 8 of 12 rows. The CSV has all of them.
Table 29 after “The following table summarizes the fair values (in millions) of the identifiable intangible assets acquired in the Domain Acquisition includ”
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| Estimated Fair Value | Estimated Useful Life | | Amortization Method | |
| Customer relationships | $638.3 | | 20 | | Accelerated |
| Brand and trade names | 190.2 | | 5-15 | | Straight-line |
| Software | 116.1 | | 2-5 | | Straight-line |
| Total intangible assets | $944.6 | | | | |
Table 30 after “billion, which consisted of the following (in millions):”
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| Amount |
| Cash | $902.1 |
| CoStar Group Shares (11.7 million shares) | 881.2 |
| Fair value of rollover awards | 143.8 |
| Total | $1,927.1 |
Table 31 after “The following table summarizes the amounts recorded for acquired assets and assumed liabilities recorded at their fair value as of the closi”
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| Preliminary: February 28, 2025 | Measurement Period Adjustments | | Updated Preliminary: February 28, 2025 | |
| Cash and cash equivalents | $55.1 | | $— | | $55.1 |
| Restricted cash | 97.0 | | — | | 97.0 |
| Accounts receivable | 13.3 | | 0.4 | | 13.7 |
| Available for sale investments | 203.7 | | — | | 203.7 |
| Deferred tax assets, net of valuation allowance | 24.6 | | 21.9 | | 46.5 |
| Goodwill | 1,136.4 | | (9.5) | | 1,126.9 |
| Intangible assets | 527.0 | | — | | 527.0 |
First 8 of 12 rows. The CSV has all of them.
Table 32 after “The following table summarizes the fair values (in millions) of the identifiable intangible assets acquired in the Matterport Acquisition in”
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| Estimated Fair Value | Estimated Useful Life | | Amortization Method | |
| Developed technology | $295.0 | | 9 | | Straight-line |
| Customer relationships | 140.0 | | 5 | | Accelerated |
| Trade names | 92.0 | | 15 | | Straight-line |
| Total intangible assets | $527.0 | | | | |
Table 33 after “The following table summarizes the amounts recorded for acquired assets and assumed liabilities recorded at their fair value as of the closi”
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| Preliminary: November 1, 2024 | Measurement Period Adjustments | | Updated Preliminary: November 1, 2024 | |
| Cash and cash equivalents | $5.2 | | $— | | $5.2 |
| Accounts receivable | 4.2 | | — | | 4.2 |
| Deferred tax assets | 5.3 | | 0.5 | | 5.8 |
| Goodwill | 148.0 | | 1.5 | | 149.5 |
| Intangible assets | 135.9 | | — | | 135.9 |
| Deferred revenue | (22.4) | | — | | (22.4) |
| Other assets and (liabilities), net | (0.2) | | (2.0) | | (2.2) |
First 8 of 9 rows. The CSV has all of them.
Table 34 after “The following table summarizes the fair values (in millions) of the identifiable intangible assets acquired in the Visual Lease Acquisition ”
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| Estimated Fair Value | Estimated Useful Life | | Amortization Method | |
| Customer base | $119.3 | | 15 | | Accelerated |
| Trade name | 1.3 | | 5 | | Straight-line |
| Software technology | 1.5 | | 3 | | Straight-line |
| Database technology | 13.8 | | 7.5 | | Straight-line |
| Total intangible assets | $135.9 | | | | |
Table 35 after “had taken place on January 1, 2024 and was as follows (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Revenue | $876.4 | | $761.4 | | $2,519.2 | $2,216.6 |
| Net income (loss) | $(20.9) | | $33.1 | | $(29.2) | $42.3 |
Table 36 after “e unaudited pro forma financial information presented below reflects the condensed consolidated results of operations of the Company assumin”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Revenue | $833.6 | | $735.1 | | $2,372.6 | $2,148.7 |
| Net income (loss) | $(23.9) | | $14.0 | | $(108.3) | $(230.5) |
Table 37 after “NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Revenue | $876.4 | | $803.9 | | $2,544.7 | $2,338.5 |
| Net income (loss) | $(13.9) | | $(5.9) | | $(98.0) | $(267.1) |
Table 38 after “Lease costs related to the Company's operating and finance leases included in the condensed consolidated statements of operations were as fo”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| Operating lease costs: | 2025 | 2024 | | 2025 | 2024 | |
| Cost of revenues | $2.7 | | $2.1 | | $7.5 | $7.1 |
| Selling and marketing (excluding customer base amortization) | 4.0 | | 3.5 | | 11.2 | 10.9 |
| Software development | 1.4 | | 2.1 | | 4.6 | 5.7 |
| General and administrative | 1.2 | | 1.7 | | 4.5 | 5.0 |
| Total operating lease costs | 9.3 | | 9.4 | | 27.8 | 28.7 |
| Finance lease costs: | | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 39 after “Supplemental balance sheet information related to operating leases was as follows (in millions):”
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| Balance | Balance Sheet Location | September 30, 2025 | December 31, 2024 | |
| Operating lease liabilities | | $146.6 | $138.9 | |
| Less: imputed interest | | 19.7 | 18.2 | |
| Present value of lease liabilities | | 126.9 | 120.7 | |
| Less: current portion of lease liabilities | Lease liabilities | 23.0 | 27.0 | |
| Long-term lease liabilities | Lease and other long-term liabilities | $103.9 | $93.7 | |
| Weighted-average remaining lease term in years | | 5.5 | 5.6 | |
| Weighted-average discount rate | | 4.7% | | 4.4% |
First 8 of 17 rows. The CSV has all of them.
Table 40 after “Supplemental cash flow information related to leases was as follows (in millions):”
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| Nine Months Ended September 30, | | |
| 2025 | 2024 | |
| Cash paid for amounts included in the measurement of lease liabilities: | | | |
| Operating cash flows used in operating leases | $27.3 | | $24.1 |
| Operating cash flows used in finance leases | $0.7 | | $0.9 |
| Financing cash flows used in finance leases | $3.3 | | $3.4 |
| ROU assets obtained in exchange for lease obligations: | | | |
| Operating leases | $27.4 | | $24.1 |
First 8 of 9 rows. The CSV has all of them.
Table 41 after “The changes in the carrying amount of goodwill by operating segment consist of the following (in millions):”
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| North America | International | | Total | |
| Goodwill, December 31, 2023 | $2,149.2 | | $237.0 | | $2,386.2 |
| Acquisitions, including measurement period adjustments(1) | 148.0 | | (1.1) | | 146.9 |
| Effect of foreign currency translation | — | | (5.5) | | (5.5) |
| Goodwill, December 31, 2024 | 2,297.2 | | 230.4 | | 2,527.6 |
| Acquisitions, including measurement period adjustments(2) | 1,128.4 | | 1,210.7 | | 2,339.1 |
| Effect of foreign currency translation | — | | 48.7 | | 48.7 |
| Goodwill, September 30, 2025 | $3,425.6 | | $1,489.8 | | $4,915.4 |
First 8 of 9 rows. The CSV has all of them.
Table 42 after “Intangible assets consist of the following (in millions, except amortization period data):”
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| September 30, 2025 | December 31, 2024 | | Weighted- Average Amortization Period (in years) | |
| Acquired technology and data | $473.0 | | $47.4 | | 8 |
| Accumulated amortization | (40.6) | | (24.7) | | |
| Acquired technology and data, net | 432.4 | | 22.7 | | |
| Acquired customer base | 1,335.9 | | 556.9 | | 15 |
| Accumulated amortization | (361.0) | | (304.1) | | |
| Acquired customer base, net | 974.9 | | 252.8 | | |
| Acquired trade names and other intangible assets | 520.3 | | 240.8 | | 14 |
First 8 of 17 rows. The CSV has all of them.
Table 43 after “The table below presents the components of outstanding debt (in millions):”
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| September 30, 2025 | December 31, 2024 | |
| 2.800% Senior Notes due July 15, 2030 | $1,000.0 | | $1,000.0 |
| 2024 Credit Agreement, due May 24, 2029 | — | | — |
| Total face amount of long-term debt | 1,000.0 | | 1,000.0 |
| Senior Notes unamortized discount and issuance costs | (7.1) | | (8.1) |
| Long-term debt, net | $992.9 | | $991.9 |
Table 44 after “The Company recognized interest expense as follows (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Interest on outstanding borrowings | $7.0 | | $7.0 | | $21.0 | $21.0 |
| Amortization of Senior Notes discount and issuance costs | 0.5 | | 0.6 | | 1.6 | 2.3 |
| Interest capitalized for construction in process | (3.8) | | (1.8) | | (9.5) | (4.4) |
| Commitment fees and other | 0.7 | | 0.5 | | 2.0 | 2.1 |
| Total interest expense | $4.4 | | $6.3 | | $15.1 | $21.0 |
Table 45 after “The following summarizes the Company's significant contractual obligations, including related payments due by period, as of September 30, 20”
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| Year Ending December 31, | Operating lease obligations | Finance lease obligations | | Long-term debt principal payments | Long-term debt interest payments | |
| Remainder of 2025 | $4.3 | | $1.5 | | $— | $— |
| 2026 | 31.8 | | 6.0 | | — | 28.0 |
| 2027 | 29.1 | | 5.0 | | — | 28.0 |
| 2028 | 27.5 | | 0.5 | | — | 28.0 |
| 2029 | 19.2 | | 0.1 | | — | 28.0 |
| Thereafter | 34.7 | | — | | 1,000.0 | 28.0 |
| Total | $146.6 | | $13.1 | | $1,000.0 | $140.0 |
Table 46 after “Summarized EBITDA information by operating segment consists of the following (in millions):”
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| Three Months Ended September 30, | | | | | | | | | |
| 2025 | 2024 | | | | | | | | |
| North America | International | | Total | North America | International | | Total | | |
| Revenues(1) | $769.1 | | $64.5 | | $833.6 | | $658.2 | | $34.4 | $692.6 |
| Less: | | | | | | | | | | |
| Personnel | 392.9 | | 37.9 | | 430.8 | | 274.8 | | 24.4 | 299.2 |
| Marketing | 202.8 | | 16.3 | | 219.1 | | 188.6 | | 14.4 | 203.0 |
| General and administrative (2) | 140.2 | | 30.8 | | 171.0 | | 131.3 | | 8.3 | 139.6 |
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Table 47 after “Summarized EBITDA information by operating segment consists of the following (in millions):”
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| Nine Months Ended September 30, | | | | | | | | | |
| 2025 | 2024 | | | | | | | | |
| North America | International | | Total | North America | International | | Total | | |
| Revenues(1) | $2,210.5 | | $136.6 | | $2,347.1 | | $1,925.3 | | $101.5 | $2,026.8 |
| Less: | | | | | | | | | | |
| Personnel | 1,070.7 | | 84.3 | | 1,155.0 | | 820.6 | | 72.5 | 893.1 |
| Marketing | 610.3 | | 45.9 | | 656.2 | | 627.1 | | 50.8 | 677.9 |
| General and administrative (2) | 443.9 | | 51.5 | | 495.4 | | 380.2 | | 25.5 | 405.7 |
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Table 48 after “The following summarizes stock-based compensation, which is a significant non-cash item included in the personnel costs above, by segment (i”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| North America | $69.0 | | $20.4 | | $148.2 | $63.4 |
| International | 1.8 | | 1.4 | | 4.8 | 3.9 |
| Total | $70.8 | | $21.8 | | $153.0 | $67.3 |
Table 49 after “The reconciliation of EBITDA to income (loss) before income taxes consists of the following (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| EBITDA | $12.7 | | $50.8 | | $40.5 | $50.1 |
| Amortization of acquired intangible assets in cost of revenues | (19.9) | | (6.2) | | (47.5) | (22.9) |
| Amortization of acquired intangible assets in operating expenses | (31.9) | | (10.3) | | (75.6) | (31.5) |
| Depreciation and other amortization | (12.0) | | (10.6) | | (38.5) | (31.0) |
| Interest income, net | 26.0 | | 55.6 | | 97.0 | 165.3 |
| Other expense, net (1) | (20.7) | | (1.6) | | (6.8) | (4.9) |
First 8 of 11 rows. The CSV has all of them.
Table 50 after “Summarized information by operating segment consists of the following (in millions):”
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| September 30, 2025 | December 31, 2024 | |
| Property and equipment, net | | | |
| North America | $1,234.8 | | $1,006.7 |
| International | 34.8 | | 8.2 |
| Total property and equipment, net | $1,269.6 | | $1,014.9 |
| Goodwill | | | |
| North America | $3,425.6 | | $2,297.2 |
| International | 1,489.8 | | 230.4 |
First 8 of 17 rows. The CSV has all of them.
Table 51 after “Option activity was as follows:”
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| Number of Shares | Weighted- Average Exercise Price | | Weighted- Average Remaining Contract Life (in years) | Aggregate Intrinsic Value (in millions) | |
| Outstanding at December 31, 2024 | 1,904,590 | | $51.48 | | 4.80 | $43.8 |
| Assumed in Matterport Acquisition | 1,799,170 | | $9.54 | | | |
| Granted | 212,700 | | $78.33 | | | |
| Exercised | (637,509) | | $9.65 | | | $45.2 |
| Canceled or expired | (26,000) | | $91.98 | | | |
| Outstanding at September 30, 2025 | 3,252,951 | | $37.91 | | 4.21 | $151.0 |
| Exercisable at September 30, 2025 | 2,898,515 | | $32.84 | | 3.64 | $149.3 |
Table 52 after “The Company estimated the fair value of each option granted on the date of grant using the Black-Scholes option-pricing model, using the ass”
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| Nine Months Ended September 30, | | |
| 2025 | 2024 | |
| Dividend yield | 0% | | 0% |
| Expected volatility | 35% | | 35% |
| Risk-free interest rate | 4.3% | | 4.3% |
| Expected life (in years) | 5 | 5 | |
| Weighted-average grant date fair value | $30.05 | $31.57 | |
Table 53 after “The assumptions used to estimate the fair value of performance-based restricted stock awards with market conditions were as follows:”
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| Nine Months Ended September 30, | | |
| 2025 | 2024 | |
| Dividend yield | 0% | | 0% |
| Expected volatility | 31% | | 34% |
| Risk-free interest rate | 4.2% | | 4.5% |
| Expected life (in years) | 3 | 3 | |
| Weighted-average grant date fair value | $85.29 | $86.96 | |
Table 54 after “The following table presents stock-based compensation expense related to performance-based restricted stock awards for the three and nine mo”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Performance-based restricted stock awards without market conditions | $1.5 | | $— | | $3.5 | $— |
| Performance-based restricted stock awards with market conditions | $3.3 | | $0.7 | | $7.1 | $6.3 |
Table 55 after “The following table presents unvested restricted stock awards activity for the nine months ended September 30, 2025:”
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| Restricted Stock Awards — without Market Condition | Restricted Stock Awards — with Market Condition | | | | |
| Number of Shares | Weighted-Average Grant Date Fair Value per Share | | Number of Shares | Weighted-Average Grant Date Fair Value per Share | |
| Unvested restricted stock awards at December 31, 2024 | 2,554,989 | | $76.19 | | 733,200 | $81.49 |
| Granted | 2,293,972 | | $79.14 | | 435,120 | $85.29 |
| Vested | (863,118) | | $74.35 | | (124,068) | $71.19 |
| Canceled | (238,382) | | $74.90 | | (48,252) | $71.19 |
| Unvested restricted stock awards at September 30, 2025 | 3,747,461 | | $77.69 | | 996,000 | $84.93 |
Table 56 after “The following table presents unvested restricted stock units activity for the nine months ended September 30, 2025:”
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| Number of Units | Weighted-Average Grant Date Fair Value per Share | |
| Unvested restricted stock units at December 31, 2024 | 23,532 | | $73.88 |
| Assumed in Matterport Acquisition | 2,256,423 | | 75.63 |
| Granted | 65,087 | | 87.36 |
| Vested | (995,930) | | 75.60 |
| Canceled | (226,322) | | 75.63 |
| Unvested restricted stock units at September 30, 2025 | 1,122,790 | | $76.30 |
Table 57 after “The following table compares our selected condensed consolidated results of operations for the three months ended September 30, 2025 and 202”
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| Three Months Ended September 30, | | | | | |
| 2025 | 2024 | | Increase (Decrease) ($) | Increase (Decrease) (%) | |
| Revenues: | | | | | | |
| CoStar | $277.0 | | $256.9 | | $20.1 | 8% |
| Information Services | 41.3 | | 33.0 | | 8.3 | 25 |
| Multifamily | 303.0 | | 271.8 | | 31.2 | 11 |
| LoopNet | 79.3 | | 70.9 | | 8.4 | 12 |
| Residential | 54.9 | | 27.7 | | 27.2 | 98 |
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Table 58 after “The following table provides a comparison of our selected condensed consolidated results of operations for the nine months ended September 3”
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| Nine Months Ended September 30, | | | | | |
| 2025 | 2024 | | Increase (Decrease) ($) | Increase (Decrease) (%) | |
| Revenues: | | | | | | |
| CoStar | $813.0 | | $760.2 | | $52.8 | 7% |
| Information Services | 120.4 | | 99.4 | | 21.0 | 21 |
| Multifamily | 877.8 | | 790.8 | | 87.0 | 11 |
| LoopNet | 227.8 | | 209.8 | | 18.0 | 9 |
| Residential | 110.5 | | 72.5 | | 38.0 | 52 |
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Table 59 after “ISSUER PURCHASES OF EQUITY SECURITIES”
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| 2025 | Total Number ofSharesPurchased(1) | Average Price Paid per Share | | Total Number ofSharesPurchased asPart of PubliclyAnnouncedPlans orPrograms(2) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program(2)(in millions) | |
| July 1 through 31 | 273,326 | | $86.20 | | 267,000 | $413.1 |
| August 1 through 31 | 258,305 | | $91.60 | | 252,000 | $390.1 |
| September 1 through 30 | 60,770 | | $88.65 | | 57,375 | $385.0 |
| Total | 592,401 | | $88.81 | | 576,375 | |
| __________________________ | | | | | | |
| Exhibit No. | Description |
| 3.1 | Fourth Amended and Restated Certificate of Incorporation (Incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed with the SEC on June 7, 2021). |
| 3.2 | Fourth Amended and Restated By-Laws (Incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed with the SEC on May 9, 2022). |
| *10.1 | CoStar Group, Inc. 2025 Stock Incentive Plan (Incorporated by reference to Appendix B to Registrant’s Definitive Proxy Statement on Schedule 14A filed with the SEC on April 30, 2025, File No. 000-24531). |
| *10.2 | Form of CoStar Group, Inc. 2025 Stock Incentive Plan Restricted Stock Grant Agreement between the Registrant and certain of its officers, directors and employees (filed herewith). |
| *10.3 | Form of CoStar Group, Inc. 2025 Stock Incentive Plan Restricted Stock Unit Grant Agreement between the Registrant and certain of its officers, directors and employees (filed herewith). |
| *10.4 | Form of CoStar Group, Inc. 2025 Stock Incentive Plan Restricted Stock Grant Agreement for Service Awards between the Registrant and certain of its officers, directors and employees (filed herewith). |
| 31.1 | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith). |
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