Colliers International Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Colliers International Group Inc reported revenue of $5.6B (+15.3% year on year) and net income of $224.6M (-5.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues (note 26) | $5.6B | $4.8B | $4.3B | $4.5B |
| Cost of revenues (exclusive of depreciation and amortization shown below) | $3.3B | $2.9B | $2.6B | $2.7B |
| Selling, general and administrative expenses | $1.6B | $1.3B | $1.2B | $1.1B |
| Depreciation | $77.4M | $66.2M | $54.6M | $48.7M |
| Amortization of intangible assets | $178.7M | $155.4M | $147.9M | $128.7M |
| Acquisition-related items (note 7) | $29.9M | ($27.8M) | $47.1M | $77.1M |
| Loss on disposal of operations (note 5) | $696.0K | — | $2.3M | $26.8M |
| Operating earnings | $371.0M | $389.2M | $300.9M | $332.5M |
| Interest expense, net | $82.4M | $85.8M | $94.1M | $48.6M |
| Equity earnings from non-consolidated investments | ($12.5M) | ($7.3M) | ($5.1M) | ($6.7M) |
| Other income | ($3.7M) | ($410.0K) | ($841.0K) | $1.0M |
| Earnings before income tax | $304.7M | $311.1M | $212.8M | $289.6M |
| Income tax expense (note 21) | $80.2M | $74.2M | $68.1M | $95.0M |
| Net earnings | $224.6M | $236.9M | $144.7M | $194.5M |
| Non-controlling interest share of earnings | $57.8M | $54.0M | $56.6M | $53.9M |
| Non-controlling interest redemption increment (note 17) | $63.6M | $21.2M | $22.6M | $94.4M |
| Net earnings attributable to Company | $103.1M | $161.7M | $65.5M | $46.3M |
| Basic (in dollars per share) | $2.03 | $3.24 | $1.43 | $1.07 |
| Diluted (in dollars per share) | $2.02 | $3.22 | $1.41 | $1.05 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $207.9M | $176.3M | $181.1M | $173.7M |
| Restricted cash | $49.0M | $41.7M | $37.9M | $25.4M |
| Accounts receivable, net of allowance of $40,852 (December 31, 2024 - $34,865) | $829.3M | $735.5M | $643.4M | $577.9M |
| Contract assets (note 26) | $161.0M | $134.4M | $83.4M | $91.9M |
| Mortgage warehouse receivables (note 23) | $140.1M | $77.6M | $177.1M | $29.6M |
| Income tax recoverable | $32.9M | $13.2M | $48.1M | $22.0M |
| Prepaid expenses and other current assets (note 8) | $345.6M | $310.0M | $258.7M | $247.6M |
| Warehouse fund assets (note 6) | $56.0M | $110.8M | $44.5M | $45.4M |
| Total current assets | $1.8B | $1.6B | $1.5B | $1.2B |
| Other receivables | $18.7M | $11.6M | $11.9M | $12.5M |
| Contract assets (note 26) | $17.3M | $22.4M | $19.7M | $15.8M |
| Other assets (note 8) | $213.1M | $186.3M | $157.2M | $138.5M |
| Warehouse fund assets (note 6) | $73.8M | $94.3M | $47.5M | — |
| Fixed assets (note 10) | $251.5M | — | $202.8M | $164.5M |
| Operating lease right-of-use assets (note 9) | $443.4M | $398.5M | $390.6M | $341.6M |
| Deferred tax assets, net (note 21) | $93.9M | $79.3M | $59.5M | $63.5M |
| Intangible assets (note 11) | $1.2B | $1.2B | $1.1B | $1.2B |
| Goodwill (note 12) | $2.6B | $2.3B | $2.0B | $2.0B |
| Total noncurrent assets | $5.0B | $4.5B | $4.0B | $3.9B |
| Total assets | $6.8B | $6.1B | $5.5B | $5.1B |
| Accounts payable and accrued expenses | $510.6M | $494.6M | $535.8M | $503.2M |
| Accrued compensation | $756.5M | $646.0M | $569.2M | $625.6M |
| Income tax payable | $19.8M | $15.3M | $16.5M | $32.3M |
| Contract liabilities (note 26) | $80.3M | $63.5M | $45.3M | $25.6M |
| Long-term debt - current (note 13) | $8.1M | $6.1M | $1.8M | $1.4M |
| Deferred and contingent acquisition consideration - current (note 23) | $12.8M | $30.7M | $13.9M | $42.9M |
| Mortgage warehouse credit facilities (note 14) | $133.3M | $72.6M | $168.8M | $24.3M |
| Operating lease liabilities (note 9) | $99.7M | $93.0M | $89.9M | $85.0M |
| Liabilities related to warehouse fund assets (note 6) | $33.7M | $86.3M | $0 | $1.4M |
| Total current liabilities | $1.7B | $1.5B | $1.4B | $1.3B |
| Long-term debt (note 13) | $1.6B | — | $1.5B | $1.4B |
| Deferred and contingent acquisition consideration (note 23) | $19.1M | $6.0M | $30.8M | $48.3M |
| Operating lease liabilities (note 9) | $419.2M | $383.9M | $375.5M | $322.5M |
| Other liabilities | $110.7M | $129.5M | $120.6M | $91.1M |
| Deferred tax liabilities, net (note 21) | $91.0M | $78.5M | $43.2M | $57.8M |
| Liabilities related to warehouse fund assets (note 6) | $48.8M | $14.1M | $47.5M | — |
| Total noncurrent liabilites | $2.3B | $2.1B | $2.1B | $2.2B |
| Redeemable non-controlling interests (note 17) | $1.3B | $1.2B | $1.1B | $1.1B |
| Common shares (note 18) | 1.5B | 1.5B | 1.1B | 845.7M |
| Contributed surplus | $173.7M | $140.5M | $123.4M | $104.5M |
| Deficit | ($98.5M) | ($186.3M) | ($332.9M) | ($384.2M) |
| Accumulated other comprehensive loss | ($73.5M) | ($101.5M) | ($69.6M) | ($76.3M) |
| Total Company shareholders' equity | $1.5B | $1.3B | $848.0M | $489.7M |
| Non-controlling interests | $1.1M | $719.0K | $2.5M | $3.7M |
| Total shareholders' equity | $1.5B | $1.3B | $850.5M | $493.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net earnings | $224.6M | $236.9M | $144.7M | $194.5M |
| Depreciation and amortization | $256.0M | $221.6M | $202.5M | $177.4M |
| Gains attributable to mortgage servicing rights | ($31.2M) | ($15.4M) | ($17.7M) | ($17.4M) |
| Gains attributable to the fair value of mortgage premiums and origination fees | ($24.2M) | ($13.0M) | ($16.3M) | ($16.6M) |
| Deferred tax | ($16.0M) | ($30.5M) | ($9.9M) | ($26.0M) |
| Equity earnings from non-consolidated investments | ($12.5M) | ($7.3M) | ($5.1M) | ($6.7M) |
| Stock option expense (note 20) | $55.6M | $46.0M | $27.1M | $21.9M |
| Amortization of advisor loans | $45.0M | $41.2M | $33.8M | $27.4M |
| Contingent consideration (note 7) | ($12.9M) | ($53.7M) | $32.9M | $53.9M |
| Other | $11.7M | $18.4M | $23.6M | $9.0M |
| Increase in accounts receivable, prepaid expenses and other assets | ($211.8M) | ($210.0M) | ($203.7M) | ($469.1M) |
| Increase in accounts payable, accrued expenses and other liabilities | ($44.6M) | $16.1M | $9.0M | $39.2M |
| Increase (decrease) in accrued compensation | $75.0M | $63.2M | ($70.4M) | ($85.5M) |
| Contingent acquisition consideration paid | ($7.4M) | ($3.4M) | ($39.1M) | ($69.2M) |
| Proceeds received on sale of mortgage loans | $2.1B | $1.0B | $1.1B | $1.1B |
| Principal funded on originated mortgage loans | ($2.2B) | ($900.2M) | ($1.3B) | ($973.5M) |
| Increase (decrease) in mortgage warehouse credit facilities | $60.6M | ($96.1M) | $144.5M | ($138.6M) |
| Sales to (purchases from) AR Facility, net (note 15) | ($157.0K) | $1.0M | $31.2M | $171.3M |
| Net cash provided by operating activities | $330.1M | $326.0M | $165.7M | $67.0M |
| Acquisitions of businesses, net of cash acquired (note 4) | ($262.2M) | ($517.2M) | ($60.3M) | ($1.0B) |
| Purchases of fixed assets | ($78.7M) | ($65.1M) | ($84.5M) | ($67.7M) |
| Advisor loans issued | ($78.7M) | ($58.4M) | ($75.2M) | ($55.6M) |
| Purchases of warehouse fund assets | ($159.5M) | ($319.3M) | ($122.6M) | ($161.0M) |
| Proceeds from disposal of warehouse fund assets | $94.5M | $76.4M | $74.6M | $137.6M |
| Equity co-investment contributions (note 16) | ($15.5M) | ($20.5M) | — | — |
| Collections of AR facility deferred purchase price (note 15) | $164.3M | $137.6M | $124.3M | $288.0M |
| Other investing activities | $1.2M | ($16.7M) | $9.8M | ($6.8M) |
| Net cash used in investing activities | ($334.6M) | ($783.1M) | ($134.0M) | ($872.8M) |
| Increase in long-term debt | $1.3B | $1.9B | $925.0M | $1.6B |
| Repayment of long-term debt | ($1.1B) | ($1.7B) | ($832.9M) | ($700.2M) |
| Issuance of subordinate voting shares (note 18) | 0 | 286.9M | — | — |
| Purchases of non-controlling interests' subsidiary shares, net | -64.5M | -11.1M | -32.7M | -31.6M |
| Sale of non-controlling interests' subsidiary shares | 20.7M | — | — | — |
| Contingent acquisition consideration paid | ($26.0M) | ($111.0K) | ($17.4M) | ($56.3M) |
| Proceeds received on exercise of stock options | $44.5M | $45.1M | $42.1M | $16.8M |
| Dividends paid to common shareholders | ($15.2M) | ($14.7M) | ($13.5M) | ($13.1M) |
| Distributions paid to non-controlling interests | ($70.8M) | ($71.6M) | ($77.4M) | ($62.9M) |
| Other financing activities | ($201.0K) | ($3.9M) | ($917.0K) | ($3.2M) |
| Net cash provided by (used in) financing activities | $74.1M | $452.2M | ($7.8M) | $612.9M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($30.7M) | $3.8M | ($3.8M) | ($33.3M) |
| Net change in cash, cash equivalents and restricted cash | $38.9M | ($1.1M) | $20.0M | ($226.2M) |
| Cash, cash equivalents and restricted cash, beginning of year | $218.0M | $219.1M | $199.0M | $425.3M |
| Cash, cash equivalents and restricted cash, end of year | $256.9M | $218.0M | $219.1M | $199.0M |
Colliers International Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.