CoStar Group said revenue for 2025 increased $511 million, or 19%, to $3.2 billion. Commercial Real Estate revenue increased $272 million, or 18%, to $1.8 billion, and Residential Real Estate revenue increased $239 million, or 20%, to $1.5 billion.

10-KAnnual reportFiled Feb 26, 2026Period of report Dec 31, 2025Summary published (UTC) Oct 2, 2026

Key points

AI summary

CoStar Group said revenue for 2025 increased $511 million, or 19%, to $3.2 billion. Commercial Real Estate revenue increased $272 million, or 18%, to $1.8 billion, and Residential Real Estate revenue increased $239 million, or 20%, to $1.5 billion.
The company said the Matterport Acquisition generated $147 million in revenue and the Domain Acquisition completed in August 2025 generated $95 million in Residential Real Estate revenue. Gross profit margin declined from 80% to 79%, and cost of revenue increased $128 million, or 23%, to $686 million.
CoStar Group said cash flow from operating activities for 2025 was $430 million, compared to $393 million in the prior year, and it used $2.8 billion in investing activities and $559 million in financing activities. Cash, cash equivalents, and restricted cash decreased from $4.7 billion at the end of 2024 to $1.7 billion at the end of 2025.
The company said it repurchased 7.1 million shares for $500 million under its prior program during 2025, leaving no remaining authorization under that program. A new program approved in December 2025 authorizes repurchases of up to $1.5 billion, and the company expects to repurchase approximately $700 million in 2026.

Key figures

Fiscal year ended December 31, 2025

Revenue: $3.2B
Operating income: −$72M
Net income: $7M
EPS: $0.02
Gross profit: $2.6B
Operating cash flow: $430M

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.

Annual revenue $3.2 billion, up 19% from prior year

CoStar Group said revenue for 2025 increased $511 million, or 19%, to $3.2 billion. Commercial Real Estate revenue increased $272 million, or 18%, to $1.8 billion, and Residential Real Estate revenue increased $239 million, or 20%, to $1.5 billion.

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

Revenue and cost changes from Matterport and Domain acquisitions

The company said the Matterport Acquisition generated $147 million in revenue and the Domain Acquisition completed in August 2025 generated $95 million in Residential Real Estate revenue. Gross profit margin declined from 80% to 79%, and cost of revenue increased $128 million, or 23%, to $686 million.

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

Operating cash flow for 2025 $430 million; cash balance $1.7 billion

CoStar Group said cash flow from operating activities for 2025 was $430 million, compared to $393 million in the prior year, and it used $2.8 billion in investing activities and $559 million in financing activities. Cash, cash equivalents, and restricted cash decreased from $4.7 billion at the end of 2024 to $1.7 billion at the end of 2025.

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

Share repurchase program execution and 2026 plans

The company said it repurchased 7.1 million shares for $500 million under its prior program during 2025, leaving no remaining authorization under that program. A new program approved in December 2025 authorizes repurchases of up to $1.5 billion, and the company expects to repurchase approximately $700 million in 2026.

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

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