Costar Group Inc (CSGP) financial statements: income statement, balance sheet and cash flow
Costar 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), Costar Group Inc reported revenue of $3.2B (+18.7% year on year) and net income of $7.0M (-95.0% year on year).
Income statement
Costar Group Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$3.2B
$2.7B
$2.5B
$2.2B
Cost of revenue
$686.0M
$558.5M
$491.5M
$414.0M
Gross profit
$2.6B
$2.2B
$2.0B
$1.8B
Selling and marketing (excluding customer base amortization)
$1.6B
$1.4B
$989.9M
$684.2M
Software development
$406.0M
$325.3M
$267.6M
$220.9M
General and administrative
$549.0M
$439.1M
$381.5M
$338.7M
Customer base amortization
$118.0M
$44.3M
$42.2M
$73.6M
Total operating expenses
$2.6B
$2.2B
$1.7B
$1.3B
Income (loss) from operations
($72.0M)
$4.7M
$282.3M
$450.9M
Interest income, net
$110.0M
$212.5M
$213.6M
$32.1M
Other income (expense), net
($8.0M)
($7.1M)
$5.4M
$3.4M
Income before income taxes
$30.0M
$210.1M
$501.3M
$486.5M
Income tax expense
$23.0M
$71.4M
$126.6M
$117.0M
Net income
$7.0M
$138.7M
$374.7M
$369.5M
Earning per share — basic (in dollars per share)
$0.02
$0.34
$0.92
$0.93
Earning per share — diluted (in dollars per share)
$0.02
$0.34
$0.92
$0.93
Weighted average outstanding shares — basic (in shares)
416.8M
406.3M
405.3M
396.3M
Weighted average outstanding shares — diluted (in shares)
420.7M
407.8M
406.9M
397.8M
Costar Group Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$925.0M
$897.0M
$833.6M
$781.3M
Cost of revenue
$197.0M
$196.0M
$172.2M
$167.8M
Gross profit
$728.0M
$701.0M
$661.4M
$613.5M
Selling and marketing (excluding customer base amortization)
$395.0M
$421.0M
$418.3M
$394.9M
Software development
$107.0M
$114.0M
$105.4M
$97.1M
General and administrative
$114.0M
$126.0M
$157.0M
$122.2M
Customer base amortization
$36.0M
$37.0M
$31.8M
$26.5M
Total operating expenses
$652.0M
$698.0M
$712.5M
$640.7M
Income (loss) from operations
$76.0M
$3.0M
($51.1M)
($27.2M)
Interest income (expense), net
($2.0M)
$10.0M
$26.0M
$32.5M
Other income (expense), net
$0
($1.0M)
($20.7M)
$16.3M
Income before income taxes
$74.0M
$12.0M
($45.8M)
$21.6M
Income tax expense
$19.0M
$9.0M
($14.9M)
$15.4M
Net income (loss)
$55.0M
$3.0M
($30.9M)
$6.2M
Earnings per share - basic - (in dollars per share)
$0.14
$0.01
-$0.07
$0.01
Earnings per share - diluted (in dollars per share)
$0.14
$0.01
-$0.07
$0.01
Weighted-average outstanding shares - basic (in shares)
404.1M
413.0M
419.9M
419.6M
Weighted-average outstanding shares - diluted (in shares)
404.4M
414.0M
419.9M
424.3M
Balance sheet
Costar Group Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.6B
$4.7B
$5.2B
$5.0B
Restricted cash
$100.0M
—
—
—
Accounts receivable
$263.0M
$210.7M
$213.2M
$166.1M
Less: Allowance for credit losses
($29.0M)
($22.8M)
($23.2M)
($12.2M)
Accounts receivable, net
$234.0M
$187.9M
$190.0M
$153.9M
Income taxes receivable
$18.0M
—
—
—
Prepaid expenses and other current assets
$134.0M
$81.3M
$70.2M
$64.0M
Total current assets
$2.1B
$5.0B
$5.5B
$5.2B
Deferred income taxes, net
$47.0M
$30.6M
$4.3M
$9.7M
Property and equipment, net
$1.3B
$1.0B
$472.2M
$321.3M
Lease right-of-use assets
$123.0M
$103.0M
$79.8M
$80.4M
Goodwill
$4.9B
$2.5B
$2.4B
$2.3B
Intangible assets, net
$1.8B
$433.2M
$313.7M
$329.3M
Deferred commission costs, net
$184.0M
$169.6M
$167.7M
$142.5M
Deposits and other assets
$27.0M
$27.7M
$17.7M
$16.7M
Total assets
$10.5B
$9.3B
$8.9B
$8.4B
Accounts payable
$42.0M
$47.0M
$23.1M
$28.5M
Accrued wages and commissions
$145.0M
$133.3M
$117.8M
$105.0M
Accrued expenses
$203.0M
$179.7M
$163.0M
$89.1M
Litigation accrual
$99.0M
—
—
—
Income taxes payable
$1.0M
$23.2M
$7.7M
$10.4M
Lease liabilities
$28.0M
$32.0M
$40.0M
$36.0M
Deferred revenue
$205.0M
$137.1M
$104.2M
$103.6M
Other current liabilities
$23.0M
—
—
—
Total current liabilities
$746.0M
$552.3M
$455.8M
$372.6M
Long-term debt, net
$993.0M
$991.9M
$990.5M
$989.2M
Deferred income taxes, net
$238.0M
$7.6M
$36.7M
$76.2M
Income taxes payable
$27.0M
$25.0M
$18.2M
$14.0M
Lease and other long-term liabilities
$163.0M
$126.5M
$79.9M
$80.3M
Total liabilities
$2.2B
$1.7B
$1.6B
$1.5B
Preferred stock, $0.01 par value; 2.0 million shares authorized; zero outstanding
0
0
0
0
Common stock, $0.01 par value; 1.2 billion shares authorized at December 31, 2025 and 2024; and 425.0 million issued and 417.9 million outstanding as of December 31, 2025 and 409.5 million issued and outstanding as of December 31, 2024
4.0M
4.1M
4.1M
4.1M
Additional paid-in capital
$6.4B
$5.2B
$5.1B
$5.1B
Treasury stock, 7.1 million shares, cost basis at December 31, 2025
-510.0M
—
—
—
Accumulated other comprehensive income (loss)
$80.0M
($25.5M)
($17.6M)
($29.1M)
Retained earnings
$2.4B
$2.3B
$2.2B
$1.8B
Stockholders' equity attributable to CoStar Group
$8.3B
$7.6B
$7.3B
$6.9B
Equity attributable to NCI
$37.0M
—
—
—
Total equity
$8.4B
—
—
—
Total liabilities and stockholders’ equity
$10.5B
$9.3B
$8.9B
$8.4B
Costar Group Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.3B
$1.2B
$1.9B
$3.6B
Restricted cash
$0
$101.0M
$99.5M
$98.4M
Accounts receivable
$289.0M
$301.0M
$273.7M
$231.0M
Less: Allowance for credit losses
($36.0M)
($32.0M)
($29.9M)
($27.2M)
Accounts receivable, net
$253.0M
$269.0M
$243.8M
$203.8M
Income taxes receivable
$18.0M
$18.0M
—
—
Prepaid expenses and other current assets
$117.0M
$103.0M
$126.5M
$92.6M
Total current assets
$1.7B
$1.7B
$2.4B
$4.3B
Deferred income taxes, net
$23.0M
$44.0M
$65.9M
$55.4M
Property and equipment, net
$1.4B
$1.4B
$1.3B
$1.2B
Lease right-of-use assets
$128.0M
$120.0M
$111.3M
$93.8M
Goodwill
$5.0B
$5.0B
$4.9B
$3.7B
Intangible assets, net
$1.7B
$1.7B
$1.8B
$915.6M
Deferred commission costs, net
$190.0M
$188.0M
$178.0M
$184.4M
Deposits and other assets
$51.0M
$33.0M
$30.2M
$30.1M
Total assets
$10.1B
$10.2B
$10.8B
$10.5B
Accounts payable
$44.0M
$39.0M
$46.5M
$51.5M
Accrued wages and commissions
$156.0M
$126.0M
$145.2M
$135.9M
Accrued expenses
$254.0M
$216.0M
$217.0M
$220.3M
Litigation accrual
$0
$99.0M
$98.8M
$96.7M
Lease liabilities
$30.0M
$28.0M
$28.4M
$25.8M
Deferred revenue
$233.0M
$237.0M
$201.6M
$187.4M
Other current liabilities
$30.0M
$31.0M
$23.5M
$23.8M
Total current liabilities
$747.0M
$777.0M
$770.5M
$742.4M
Long-term debt, net
$994.0M
$994.0M
$992.9M
$992.5M
Deferred income taxes, net
$245.0M
$244.0M
$248.6M
$8.2M
Income taxes payable
$30.0M
$1.0M
$9.5M
$1.0M
Lease and other long-term liabilities
$178.0M
$168.0M
$156.7M
$136.2M
Total liabilities
$2.2B
$2.2B
$2.2B
$1.9B
Stockholders' equity attributable to CoStar Group
$7.9B
$7.9B
$8.6B
$8.6B
Equity attributable to noncontrolling interest
$13.0M
$38.0M
$8.1M
—
Total equity
$7.9B
$8.0B
$8.6B
—
Total liabilities and stockholders' equity
$10.1B
$10.2B
$10.8B
$10.5B
Cash flow statement
Costar Group Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$7.0M
$138.7M
$374.7M
$369.5M
Depreciation and amortization
$263.0M
$146.9M
$107.5M
$137.9M
Amortization of deferred commissions costs
$141.0M
$116.7M
$95.2M
$76.1M
Non-cash lease expense
$30.0M
$32.7M
$30.0M
$38.5M
Stock-based compensation expense
$194.0M
$89.0M
$85.0M
$75.2M
Deferred income taxes, net
$36.0M
($50.1M)
($37.2M)
($31.2M)
Credit loss expense
$32.0M
$36.4M
$35.0M
$18.3M
Other operating activities, net
($5.0M)
($1.3M)
($3.2M)
($2.4M)
Accounts receivable
($28.0M)
($30.2M)
($66.6M)
($46.4M)
Prepaid expenses, other current assets and other assets
($21.0M)
($7.4M)
($16.2M)
($17.9M)
Deferred commissions
($152.0M)
($120.2M)
($120.2M)
($116.8M)
Accounts payable and other liabilities
($12.0M)
$43.5M
$33.9M
$23.2M
Lease liabilities
($31.0M)
($38.0M)
($39.2M)
($37.4M)
Income taxes payable, net
($45.0M)
$22.4M
$10.7M
($19.3M)
Deferred revenue
$21.0M
$11.2M
($1.3M)
$6.8M
Net cash provided by operating activities
$430.0M
$392.6M
$489.5M
$478.6M
Proceeds from sale and settlement of investments and other assets
$205.0M
$0
$3.8M
$864.0K
Purchases of property, equipment, and other assets for new campuses
($307.0M)
($579.0M)
($117.5M)
($35.2M)
Purchases of property, equipment, and other assets
($82.0M)
($58.9M)
($25.3M)
($58.6M)
Purchases of equity securities
($285.0M)
—
—
—
Cash paid for acquisitions, net of cash acquired
($2.3B)
($276.7M)
($99.6M)
($6.3M)
Net cash used in investing activities
($2.8B)
($912.9M)
($238.6M)
($69.1M)
Repurchase of restricted stock to satisfy tax withholding obligations
($75.0M)
($29.5M)
($26.4M)
($23.1M)
Stock repurchase
($500.0M)
—
—
—
Proceeds from exercise of stock options and employee stock purchase plan
$24.0M
$24.5M
$23.4M
$13.5M
Other financing activities, net
($8.0M)
—
($700.0K)
$0
Net cash used in financing activities
($559.0M)
($13.7M)
($3.7M)
$734.0M
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash
($3.0M)
($900.0K)
$700.0K
($2.7M)
Net (decrease) increase in cash, cash equivalents, and restricted cash
($2.9B)
($534.9M)
$247.9M
$1.1B
Cash, cash equivalents, and restricted cash at the beginning of period
$4.7B
$5.2B
$5.0B
$3.8B
Cash, cash equivalents, and restricted cash at the end of period
$1.7B
—
—
—
Interest paid
$30.0M
$31.0M
$30.7M
$29.9M
Income taxes paid
$73.0M
$99.8M
$163.2M
$169.2M
Consideration owed for acquisitions
$0
$1.2M
$7.6M
$0
Accrued capital expenditures and non-cash landlord incentives
$74.0M
$63.7M
$28.9M
$14.7M
Costar Group Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$58.0M
$3.0M
($39.5M)
($8.6M)
Depreciation and amortization
$167.0M
$82.0M
$182.0M
$112.8M
Amortization of deferred commissions costs
$60.0M
$30.0M
$110.4M
$66.9M
Non-cash lease expense
$15.0M
$8.0M
$22.3M
$16.0M
Stock-based compensation expense
$80.0M
$42.0M
$153.0M
$82.2M
Deferred income taxes, net
$24.0M
$3.0M
$5.4M
($5.5M)
Credit loss expense
$17.0M
$8.0M
$25.9M
$16.9M
Unrealized gains on investments and deal-contingent foreign currency forward contracts
$0
—
—
($24.6M)
Other operating activities, net
$3.0M
$1.0M
($5.9M)
($1.9M)
Accounts receivable
($34.0M)
($42.0M)
($32.3M)
($18.8M)
Prepaid expenses, other current assets and other assets
$1.0M
$26.0M
($19.2M)
$13.4M
Deferred commissions
($67.0M)
($34.0M)
($117.2M)
($80.0M)
Accounts payable and other liabilities
$30.0M
($3.0M)
$10.9M
$54.2M
Litigation accrual
($109.0M)
—
—
—
Lease liabilities
($8.0M)
($7.0M)
($23.8M)
($18.8M)
Income taxes payable, net
$2.0M
$3.0M
($21.2M)
($21.3M)
Deferred revenue
$28.0M
$32.0M
$17.1M
$16.8M
Net cash provided by operating activities
$267.0M
$152.0M
$267.9M
$199.7M
Proceeds from sale and settlement of investments and other assets
$2.0M
$0
$203.4M
$203.4M
Purchases of property, equipment, and other assets for new campuses
($83.0M)
($45.0M)
($246.2M)
($172.5M)
Purchase of equity securities
$0
$0
($284.8M)
($284.8M)
Cash paid for acquisitions, net of cash acquired
$0
$0
($2.3B)
($750.1M)
Purchases of property, equipment, and other assets
($29.0M)
($9.0M)
($76.3M)
($58.2M)
Net cash used in investing activities
($110.0M)
($54.0M)
($2.7B)
($1.1B)
Repurchase of restricted stock to satisfy tax withholding obligations
($24.0M)
($22.0M)
($64.2M)
($47.0M)
Repurchases of stock
($587.0M)
($505.0M)
($115.0M)
($63.8M)
Proceeds from exercise of stock options and employee stock purchase plan
$18.0M
$14.0M
$20.4M
$14.4M
Purchase of noncontrolling interest
($26.0M)
—
—
—
Other financing activities, net
($3.0M)
($1.0M)
—
—
Net cash used in financing activities
($622.0M)
($514.0M)
($162.1M)
($98.4M)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash
($2.0M)
($1.0M)
($2.2M)
$6.1M
Net decrease in cash, cash equivalents, and restricted cash
($467.0M)
($417.0M)
($2.6B)
($954.0M)
Cash, cash equivalents, and restricted cash at the beginning of period
$1.7B
$1.7B
$4.7B
$4.7B
Cash, cash equivalents, and restricted cash at the end of period
$1.3B
$1.3B
$2.0B
$3.7B
Interest paid
$24.0M
$14.0M
$29.5M
$15.1M
Income taxes (refund) paid, net
($10.0M)
($23.0M)
—
—
Accrued capital expenditures and non-cash landlord incentives