📈 Price History

Ratio Health

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— Good

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By Category

📊 Peer Medians

About

CoStar Group, Inc. provides information, analytics, and online marketplace services to real estate and related business communities in the United States, Australia, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing, and land properties; CoStar Leasing, a data on lease transactions and tools to manage user-entered lease data; CoStar Sales, a database of commercial real estate sales transactions; CoStar Owners provides detailed portfolio information; CoStar Markets to view and report on market and submarket trends; and CoStar Tenant that provides tenant information. The company also provides hospitality benchmarking that allows hotels to measure performance against competitors; Debt Solutions, a tool for lenders to manage loan portfolios and risk; and real estate and lease management technology solutions, such as lease administration, lease accounting, and transaction management services. In addition, it offers Apartamentos.com, an apartment marketing sites; LoopNet.com, a commercial property marketing sites; Homes.com, a home for sale listings site; Ten-X, an online auction platform for commercial real estate; Land.com, a marketplace for rural land sales; and BizBuySell.com, a marketplace for operating businesses and franchises for sale. It serves sales, leasing, and mortgage brokers; property, real estate investment trust, insurance companies, and asset managers; and government agencies, property owners, mortgage-backed security issuers, appraisers, design and construction professionals, pension fund managers, real estate developers, reporters tenant vendors, bankers, building services vendors, mortgage bankers, communications providers, retailers, institutional advisors, hospitality owners, investors, and real estate agents. The company was founded in 1986 and is headquartered in Arlington, Virginia.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding CSGP

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Manager	Shares	Value	% of Fund	Period
Tiger Global Management Tiger Global Management LLC	1.50M	$60.5M	0.26%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used language such as 'exceptional quarter', 'strong 15% increase', 'exceeded consensus estimates', and 'record net new bookings of $93 million'. They repeatedly emphasized metric beats and specific growth numbers across segments.

Q3 2025

Confident Specific

The management team consistently used precise metrics and comparisons to highlight strong performance, such as 'revenue reaching $834 million, a 20% year-over-year increase', 'net new bookings totaled $84 million, up 92% year-over-year', and 'Homes.com NPS rose 84% over Q2 2025'. The tone was assertive and optimistic, with detailed explanations of competitive advantages and strategic initiatives.

Q4 2025

Confident Specific

Management consistently provided precise figures (e.g., revenue $900M up 27%, net new bookings $75M up 42%) and used superlatives like 'strongest year ever', 'record', 'fastest-growing'. No defensive or evasive language noted.

Q1 2026 latest

Confident Specific

Andy Florance opened with 'exceptional quarter', cited '60th consecutive quarter of double-digit revenue growth', 'adjusted EBITDA doubled', 'Homes.com investment delivering exactly what we said', and declared 'activist distraction is behind us'. He repeatedly used precise metrics (e.g., 11x ROI for members, 26% above EBITDA guidance midpoint) to support claims.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. CoStar delivered a significant EBITDA beat (+26% above guidance mid-point), raised full-year EBITDA guidance, and provided concrete ROI evidence that Homes.com subscriptions are producing life-changing income for agents (11x return). The activist overhang is gone, freeing management to focus on execution. Revenue growth remains double-digit and organic; the commercial segment (15% growth) and residential (32% growth) are both healthy. The key watch item for next quarter is whether Homes.com net bookings can accelerate from the Q1 $11M level now that pricing is rising and the field sales force is expanding, especially entering the spring home-buying season and the Apartmentalize trade show. Also monitor Apartments.com revenue growth trajectory (10% in Q1) for any sign of re-acceleration from sales force maturation.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED CoStar Group Q1 2026: Revenue $897M, 23% YoY growth, EBITDA doubled to $132M

Revenue & Profitability

Q1 2026 revenue was $897 million, up 23% year-over-year. Adjusted EBITDA was $132 million, double the prior year. Net income was positive with adjusted EPS of $0.23. Net new bookings were $67 million, up 20% year-over-year. Full-year 2026 revenue guidance is reaffirmed at $3.78-$3.82 billion, and adjusted EBITDA guidance was raised to $780-$820 million.

Outlook

Management noted that overall rental search demand remains soft according to Google, but Homes AI is driving significantly higher engagement (4x time on site). Commercial real estate market conditions are improving, as evidenced by strong broker and tenant sales growth. The company expressed confidence in delivering double-digit revenue growth and significant earnings expansion through 2030 and beyond.

Growth Drivers

Key growth drivers include Homes.com (58% revenue growth, $26 million in Q1), Apartments.com (10% growth, 15th consecutive double-digit quarter), international expansion (UK revenue up 25%, Canada up 22%, Australia launches planned), new products like CoStar Rent Benchmark and Debt Solutions, and AI-powered features such as Smart Search and Apartments AI.

Balance Sheet & CapEx

Not discussed as a separate line item. Investment areas include the $550 million net investment target for Homes.com in 2026, share buybacks of $505 million in Q1 (with $700 million planned for the year), and expansion of the sales force to 2,090 reps. AI and technology development are also key investment priorities.

Margins

Commercial segment reported adjusted EBITDA of $161 million (34% margin). Residential segment EBITDA was negative $29 million but is expected to reach profitability in Q2 2026. Full-year 2026 adjusted EBITDA guidance was raised to $780-$820 million, representing margin improvement driven by cost efficiencies from AI and personnel initiatives.

Key Risks

Management flagged that the activist distraction is now behind them, which had weighed on sales and partnerships. Other risks include the timing of sales force productivity ramp (especially for Homes.com's rookie sales force), variability in net bookings quarter-to-quarter, and the continued investment needed in residential to achieve growth targets.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-28

Q2 2026 saw revenue up 18% and adjusted EBITDA more than double year-over-year, driven by strong residential and commercial growth, disciplined cost management, and new product launches. Full-year guidance was revised for revenue but affirmed for EBITDA, with continued focus on profitability and innovation.

Q1 2026 Q1 2026 2026-04-28

Q1 2026 delivered 23% revenue growth and doubled adjusted EBITDA, with strong performance across commercial and residential segments. Homes.com and Matterport drove engagement and ROI, while guidance for full-year revenue and earnings was raised.

Q4 2025 Q4 2025 2026-02-24

Revenue grew 19% to $3.2B in 2025, with adjusted EBITDA up 83% to $442M. Strong growth in both commercial and residential segments, record net new bookings, and the launch of Homes AI position the company for continued margin expansion and global reach in 2026.

Q3 2025 Q3 2025 2025-10-28

Q3 2025 saw 20% revenue growth to $834M, with adjusted EBITDA up 51% and strong performance across all segments. Major investments in AI and the Domain acquisition are driving future growth, while legal and regulatory risks remain a focus.

Q2 2025 Q2 2025 2025-07-22

Q2 2025 saw 15% revenue growth to $781M and record Net New Bookings of $93M, with adjusted EBITDA up 108%. Strong segment performance, sales force expansion, and new product initiatives drove results. Full-year revenue and EBITDA guidance were raised, and the Domain Holdings acquisition is expected to close in Q3.

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