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CoStar Group CSGP Commercial Real Estate — Revenue

Discontinued — last reported Q1 '26

Other segment segments

Commercial Real Estate Segment
$481M+7.8%
Residential Real Estate Segment
$444M+32.5%
Residential Real Estate
$64.5M+87.5%

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Other financials

Income statement

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Revenue$925.0M+18.4%
Gross profit$728.0M+18.7%
Operating income$76.0M+379%
Net income$55.0M+787%
EPS (diluted)$0.14+1,300%

Balance sheet

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Cash & equivalents$1.3B-66.0%
Total debt$1.2B+3.8%
Total equity$7.9B-7.8%
Total assets$10.1B-3.5%

Cash flow

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Operating cash flow$115.0M-21.5%
CapEx$38.0M-68.0%
Free cash flow$77.0M+178%

Valuation

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Market cap$12.24B-70.0%
Enterprise value$12.14B-68.2%
P/E166.3×-225×
P/S3.4×-10.5×

Profitability

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Gross margin78.7%-0.6pp
Operating margin-2.7%-3.9pp
Net margin2.1%-1.5pp
FCF margin8%

Returns & leverage

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Return on equity0.9%-0.4pp
Debt / equity0.1×0.0×
Current ratio2.2×-3.6×

Where this comes from

Reported directly by CoStar Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: CoStar Group’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 4:09 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001057352-26-000035
Line itemThree Months Ended March 31, 2026 / Commercial Real EstateThree Months Ended March 31, 2026 / Residential Real EstateThree Months Ended March 31, 2026 / TotalThree Months Ended March 31,Three Months Ended March 31, 2025 / Commercial Real EstateThree Months Ended March 31, 2025 / Residential Real EstateThree Months Ended March 31, 2025 / Total
Revenue(1)$472$425$897$409$323$732
Less:
Personnel232178410190152342
Marketing1820922717199216
General and administrative(2)95841799976175
EBITDA$127$(46)$81$103$(104)$(1)
Stock-based compensation expense29134222830
Acquisition and integration related costs43720222

Item 1.Financial Statements

FAQ

What is CoStar Group's commercial real estate — revenue?
CoStar Group (CSGP) reported commercial real estate — revenue of $472M in Q1 2026.
How has CoStar Group's commercial real estate — revenue changed year-over-year?
CoStar Group's commercial real estate — revenue decreased by 32.3% year-over-year, from $697.4M to $472M.
What is the long-term trend for CoStar Group's commercial real estate — revenue?
Over 2 years (2022 to 2024), CoStar Group's commercial real estate — revenue has grown at a 11.1% compound annual growth rate (CAGR), from $2.11B to $2.6B.
What does commercial real estate — revenue mean?
The total gross income generated by the commercial real estate segment through its data services, marketplace listings, and analytical platforms. This is the primary indicator of market demand and the effectiveness of the segment's subscription and transaction-based business models.

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