CoStar Group said revenues for the 3 months ended March 31, 2025 increased $76 million, or 12%, to $732 million. Multifamily revenues increased $28 million, CoStar revenues increased $15 million, and other revenues increased $14 million.

10-QQuarterly reportFiled May 1, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

CoStar Group said revenues for the 3 months ended March 31, 2025 increased $76 million, or 12%, to $732 million. Multifamily revenues increased $28 million, CoStar revenues increased $15 million, and other revenues increased $14 million.
The company said general and administrative expenses for the 3 months ended March 31, 2025 increased $43 million, or 43%, to $141 million. It cited an increase in professional services of $23 million primarily related to acquisition activities, and income tax expense was $8 million.
CoStar Group said cash, cash equivalents, and restricted cash decreased from $4.7 billion as of December 31, 2024 to $3.8 billion as of March 31, 2025. Cash provided by operating activities for Q1 2025 was $53 million, and cash used in investing activities was $911 million.
The company said it acquired approximately 17% of Domain ordinary shares from February 20, 2025 through 21 for a total purchase price of $452 million AUD ($285 million), and it expects to spend $2.4 billion AUD ($1.5 billion) to acquire the remaining approximately 83%. The transaction remains subject to conditions including due diligence, and execution of a binding agreement is not assured.

Key figures

Quarter ended March 31, 2025

Revenue: $732M
Operating income: −$43M
Net income: −$15M
EPS: −$0.04
Gross profit: $579M
Operating cash flow: $53M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2025 Revenues $732 million

CoStar Group said revenues for the 3 months ended March 31, 2025 increased $76 million, or 12%, to $732 million. Multifamily revenues increased $28 million, CoStar revenues increased $15 million, and other revenues increased $14 million.

Source · Based on the MD&A text of the filing

General and Administrative Expenses and Income Tax Expense

The company said general and administrative expenses for the 3 months ended March 31, 2025 increased $43 million, or 43%, to $141 million. It cited an increase in professional services of $23 million primarily related to acquisition activities, and income tax expense was $8 million.

Source · Based on the MD&A text of the filing

Decrease in Cash and Operating and Investing Cash Flows

CoStar Group said cash, cash equivalents, and restricted cash decreased from $4.7 billion as of December 31, 2024 to $3.8 billion as of March 31, 2025. Cash provided by operating activities for Q1 2025 was $53 million, and cash used in investing activities was $911 million.

Source · Based on the MD&A text of the filing

Domain Stake Acquisition and Remaining Stake Plan

The company said it acquired approximately 17% of Domain ordinary shares from February 20, 2025 through 21 for a total purchase price of $452 million AUD ($285 million), and it expects to spend $2.4 billion AUD ($1.5 billion) to acquire the remaining approximately 83%. The transaction remains subject to conditions including due diligence, and execution of a binding agreement is not assured.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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