CSGPCoStar Group

Real estate · Business Services · Nasdaq

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

Compare with peers → Embed

The biggest changes in the 10-K filed 2026-02-26, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

-95.0% Big change FY to 2025-12-31 vs 2024-12-31

“The increase in the effective tax rate is primarily attributable to lower U.S. income.”
Read it in the 10-K ↗

Operating margin

0.2% → -2.2% (-2.4 pts) Big change FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Revenue

+18.7% Big change FY to 2025-12-31 vs 2024-12-31

“The decrease in the percentage of our revenue from subscription-based contracts with a term of at least one year from 2024 to 2025 was primarily due to 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 the 10-K ↗

“Revenue increased $511 million, or 19%, to $3.2 billion, driven by the following:”
Read it in the 10-K ↗

Cash from operations

+9.4% FY to 2025-12-31 vs 2024-12-31

“The $37 million 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.”
Read it in the 10-K ↗

Gross margin

79.6% → 78.9% (-0.7 pts) FY to 2025-12-31 vs 2024-12-31

“The increase in gross profit was due to higher revenue partially offset by an increase in the cost of revenue.”
Read it in the 10-K ↗

“The increase in cost of revenue primarily included:”
Read it in the 10-K ↗

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

Work on CSGP in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CSGP/export.csv") into a cell.