Citable filing context
CSGP's research view summarizes recent SEC filing context, starting with acquisition from Aug 21, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 21, 2026 | acquisition | CoStar Group completed its acquisition of Bora, Inc. (Zonda) for $800 million in cash. |
| Jul 28, 2026 | earnings | CoStar Group reported Q2 2026 revenue of $925 million, an 18% increase year-over-year. |
| Jul 13, 2026 | management_change | Robin Rossmann was appointed as Chief Financial Officer, effective July 31, 2026, succeeding Christian Lown. |
| Jul 28, 2026 | Guidance: adjusted_ebitda | 780.00 to 820.00 |
| Jul 28, 2026 | Guidance: adjusted_ebitda | 190.00 to 210.00 |
| Jul 28, 2026 | Guidance: adjusted_eps | 1.32 to 1.39 |
| Jul 29, 2026 | mda_quarterly | CoStar Group (CSGP) operates through two primary segments: Commercial Real Estate (CRE) and Residential Real Estate. The company’s revenue model is predominantly subscription-based, though it has diversified into transaction-based services through acquisitions like Matterport and Domain. For the six months ended June 30, 2026, total revenue reached $1.82 billion, a 20% increase year-over-year. CRE revenue grew 11% to $953 million, bolstered by CoStar subscription growth and LoopNet listings, while Residential revenue surged 32% to $869 million, driven by the full-year impact of the Domain acquisition and increased Homes.com memberships. Management is prioritizing the scaling of Homes.com, international expansion of CoStar and LoopNet into Europe and Australia, and the integration of AI-enabled features like Homes Ai and Apartments Ai across its platforms. While the company maintains a strong liquidity position with $1.3 billion in cash, it faces ongoing capital requirements for campus expansions and a pending $800 million acquisition of Zonda. Key risks include the successful integration of recent acquisitions, the productivity of its sales force, and potential volatility in the real estate market. The company continues to utilize non-GAAP measures like Adjusted EBITDA to evaluate performance, excluding acquisition-related costs and non-recurring litigation expenses. |
| Apr 29, 2026 | mda_quarterly | CoStar Group reported Q1 2026 revenue of $897 million, a 23% increase year-over-year, driven primarily by the acquisitions of Domain and Matterport. Residential Real Estate revenue grew 32% to $425 million, bolstered by the Domain acquisition and increased Homes.com membership. Commercial Real Estate revenue rose 15% to $472 million, supported by inflation-based price increases and STR benchmarking sales. Subscription-based revenue decreased as a percentage of total revenue to 90% due to the introduction of transactional services from Matterport and Domain. Strategic priorities include scaling Homes.com through a new homes builder program, expanding LoopNet and CoStar into France, Spain, and Australia, and integrating "Homes AI" across its portfolio to enable conversational real estate discovery. The company maintains $1.3 billion in cash and is executing a $1.5 billion stock repurchase program, with $995 million remaining. Significant capital commitments include the ongoing expansion of its Richmond, Virginia campus, with $115 million in remaining obligations. Key risks center on the successful integration of recent acquisitions, the adoption of AI technologies, and broader economic cyclicality within the property markets. Annualized net new bookings increased to $67 million, while the company-wide contract renewal rate remained steady at approximately 89%. |
Source: SEC EDGAR filing text and events; period Aug 21, 2026; filed Aug 21, 2026.
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