CoStar Group CSGP
CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets. 10-K, Item 1
- Headquarters
- Arlington, VA
- CEO
- Andrew C. Florance
- Next results
- around Feb 23, 2027
Where each dollar of revenue went, FY2025
Revenue of $3.2B through the costs to a net profit of $7.0M · income statement of the 10-K
CSGP among Real estate peers
Six ratios from the latest 10-K. Each corner is the share of 28 peers the company is above, not a score.
What changed
22 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 26, 2026 against Feb 20, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 9 checks found nothing to note
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Critical audit matters changedNew this year: Valuation of Certain Identified Intangible Assets Related to the Acquisitions of Matterport, LLC and Domain Holdings Australia Pty Limited (“As discussed in Note 4 of the consolidated financial statements, during the year ended December 31, 2025, the Company completed the acquisitions of Matterport, LLC (“Matterport”) and Domain Holdings Australia Pty Limited (“Domain”) for an aggregate purchase price of approximately $3.9 billion. These”); F-3 (“To test the estimated fair value of the acquired intangible assets, we performed audit procedures that included, among others, evaluating the Company’s valuation methodologies used, evaluating the significant assumptions discussed above, and testing the completeness and accuracy of the underlying da”). Same as last year: Highly Automated Revenue Systems related to Subscription Revenue; F-2
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Receivables +24.5% vs revenue +18.7% (+5.8 pts)
8 more checks with nothing to note
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Cash from operations $430.0M vs net income $7.0M (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
22 paragraphs in Risk Factors that were not in the 10-K filed Feb 20, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
With respect to our products or services that incorporate AI Technologies, the market for such products and services is rapidly evolving and unproven in many industries, including our own, and important assumptions about the characteristics of targeted markets, pricing, sales cycles, cost, performance, and perceived value associated…
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Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
If third-party suppliers upon which Matterport relies are not able to fulfill its needs, Matterport’s ability to timely and cost effectively bring its hardware products to market could be affected. Matterport relies on a limited number of suppliers to supply its hardware components for its cameras and other hardware products, including…
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Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
Additionally, the scope of intellectual property protection in the field of AI and machine learning is currently under development, and there is uncertainty and ongoing litigation in different jurisdictions as to the degree and extent of protection warranted for AI and machine learning systems and their relevant system outputs. For…
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Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
In addition, in the EU, the DSA governs, among other things, our potential liability for illegal services/products or content on our platforms, obligations around traceability of business users, and requires enhanced transparency measures, including in relation to any recommendation systems (including the main parameters used by such…
New risk paragraphs, against peers
Latest 10-K of each, Real estate companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $2.2B | $2.5B | $2.7B | $3.2B |
| Net income | $369.5M | $375.0M | $139.0M | $7.0M |
| Operating cash flow | $478.7M | $490.0M | $393.0M | $430.0M |
| Free cash flow | $443.5M | $372.0M | −$186.0M | $123.0M |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$3.2B ▲ 18.7% in FY2025$7.0M ▼ 95.0% in FY2025$123.0M in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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10-QOct 28, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 27, 2026Material agreement signed, Quarterly results, Regulation FD disclosure 8-K items 1.01, 2.02, 7.01
About the company
CoStar Group, Arlington, VA · from the 10-K filed Feb 26, 2026
CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets. Our mission is to digitize the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. We own and operate leading online marketplaces for real estate in the U.S., Australia, Europe, Canada, and Asia-Pacific based on the numbers of unique visitors and site visits per month.
- Headquarters
- Arlington, VA
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Oct 27, 2026
- Incorporated in
- DE
Email alerts
Sources
The 10-K filed Feb 26, 2026 (open at SEC), compared with the 10-K filed Feb 20, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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