Sentences and paragraphs of CSGP's Risk Factors and MD&A, 10-K 2026-02-26 against 10-K 2025-02-20.
Each links to the text at sec.gov.
RewordedRisk Factors
If our websites are not prominently featured in internet search engine results, if internet search engines do not prominently feature our websites on the search engine results page, integrate technologies or adopt ranking methodologies that decrease traffic to our websites would decrease, and, if websites, or we are unable to maintain or increase grow traffic to our marketplaces, our business and operating results could be adversely affected.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedRisk Factors
These risks may be exacerbated from impacts, or perceived impacts, of emerging technologies (including, but not limited to, machine learning) on human rights, privacy, or other social considerations, which may result in reputational harm, compliance costs for any new rules or interpretations, or other adverse impacts on AI Technologies integrated into our operations products and financial performance. services).
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedRisk Factors
Data feeds could also be disrupted as a result of class action lawsuits, settlements, or governmental investigations involving the MLSs or other industry organizations, regardless of whether we are involved.The loss or degradation of this listings data could materially and adversely affect traffic to our websites and mobile applications, which could severely harm our business, results of operations, and financial condition. involved.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedRisk Factors
Data feeds could also be disrupted as a result of class action lawsuits, settlements, or governmental investigations involving the MLSs or other industry organizations, regardless of whether we are involved.The The loss or degradation of this listings data could materially and adversely affect traffic to our websites and mobile applications, which could severely harm our business, results of operations, and financial condition.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedRisk Factors
Competitors Competitors, or future competitors, may introduce different solutions that attract users away from our services services, such as AI-powered platforms that provide access to real estate agents, real estate data, and related content without directing users to our marketplaces, or provide solutions similar to ours that have the advantage of better branding or marketing resources.
Read it in 10-K 2026-02-26 at sec.gov ↗
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RewordedRisk Factors
Our competitors may be able to undertake more effective marketing campaigns, obtain more data, adopt more aggressive pricing policies, make more attractive offers to potential employees, subscribers, advertisers, distribution partners, and content providers, or may be able to respond more quickly to new or emerging technologies technologies, including the integration of generative AI Technologies in response to changing consumer behavior or changes in user requirements.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedRisk Factors
Our marketplace businesses, including the LoopNet Network, the Apartments.com Network, the Homes.com Homes.com, OnTheMarket and OnTheMarket Domain residential marketplaces, and the Land.com Network, depend on advertising revenues revenue generated primarily through sales to persons in the real estate industry, including broker, agents, property managers and owners, real estate agents, and other advertisers.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedRisk Factors
While we engage Any engagement in voluntary initiatives (including disclosures) to improve our ESG corporate responsibility profile and respond to stakeholder expectations, such initiatives can be costly, be subject to conditions outside our control, and may not fail to have the desired effect. effects.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedRisk Factors
In February December 2025, the Board of Directors approved the a Stock Repurchase Program which authorizes, but does not obligate, the repurchase of up to $500 million $1.5 billion of the Company’s common stock. CoStar Group Shares.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
The $96.9 $37 million decrease increase in net cash provided by operating activities was primarily driven by an increase in non-cash expenses, partially offset by a decrease in working capital of $149 million and a decrease in net income, partially offset by an increase in non-cash expenses and working capital changes. income.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
The decrease in the percentage of our revenue from subscription-based contracts with a term of at least one year from 2023 2024 to 2024 2025 was primarily due to increases in sales of shorter-term Multifamily products. Domain, which sells listings on its platforms on a transactional basis, as well as the transactional products and services sold by Matterport.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
With respect to our accounting policy for intangible assets See Notes 2, 3 and goodwill, we further supplement in Note 2 13 of the Notes to the Consolidated Financial Statements included in Part IV of this Report with for additional information on the following: segments change.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
The majority of our revenue is generated from service offerings that Our services are typically distributed to our customers under subscription-based license agreements that typically generally renew automatically and automatically, a majority of which have a term of at least one year.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
Investors and potential investors in our securities should not rely on EBITDA, adjusted Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and adjusted EBITDA margin Adjusted EPS as a substitute for any GAAP financial measure. measure, including net income (loss) and earnings per diluted share.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
Due to these acquisitions, our net income (loss) has included significant charges for amortization of acquired intangible assets, depreciation and other amortization, acquisition- and integration-related costs, including gains and losses on equity investments acquired in prospective targets and related to deal-contingent financial instruments, restructuring and related costs, including certain advisory fees, and loss on debt extinguishment.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
With respect Refer to our accounting policy for intangible assets and goodwill, we further supplement in Note 2 and Note 13 of the Notes to the Consolidated Financial Statements included in Part IV of this Report with the following: for additional information.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
As of December 31, 2024, 2025, we had fixed operating lease payment obligations of $139 $161 million, with $32 $29 million payable within 12 months, and fixed finance lease payment obligations of $12 million, with $6 million payable within 12 months.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and adjusted EBITDA margin Adjusted EPS exclude these charges and provide meaningful information about the operating performance of our business, apart from charges for amortization of acquired intangible assets, depreciation and other amortization, amortization; acquisition- and integration-related costs, restructuring costs; and related costs, including certain advisory fees, and settlement and impairment costs incurred outside our ordinary course of business.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
With respect to our accounting policy for intangible assets and goodwill, we further supplement in See Note 2 of the Notes to the Consolidated Financial Statements included in Part IV of this Report with the following: for additional information.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
With respect to our accounting policy for intangible assets and goodwill, we further supplement in See Note 2 of the Notes to the Consolidated Financial Statements included in Part IV of this Report with the following: for additional information.
Read it in 10-K 2026-02-26 at sec.gov ↗
RewordedMD&A
The decrease in cash and cash, cash equivalents and restricted cash for the year ended December 31, 2024 2025 was primarily due to $912.9 million $2.8 billion of cash used in investing activities and $559 million of cash used in financing activities of $13.7 million, activities, partially offset by cash provided by operating activities of $392.6 $430 million.
Read it in 10-K 2026-02-26 at sec.gov ↗