CoStar Group (CSGP) 10-K Summary — Year Ended Dec 31, 2024
CoStar Group provides real estate data, analytics, and online marketplaces. The company reported revenue growth and positive net income for the year.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
CoStar Group provides real estate data, analytics, and online marketplaces. The company reported revenue growth and positive net income for the year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.7B
Revenue reported for the fiscal year.
Operating income
$5M
Income from operations reported for the year.
Net income
$139M
Net income reported for the year.
Operating cash flow
$393M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $1.9B | n/a |
| Dec 31, 2022 | $2.2B | +12.3% |
| Dec 31, 2023 | $2.5B | +12.5% |
| Dec 31, 2024 | $2.7B | +11.4% |
Business overview
CoStar Group operates in the real estate information and marketplace sector, offering data, analytics, and online platforms. The company serves professionals in commercial and residential real estate through its various brands and services.
Financial performance
Revenue increased compared to the prior year, while operating income was minimal. Net income was positive, and operating cash flow was substantial.
Material risks
The filing discusses risk factors typical for a data and technology company, including competition, data accuracy, and reliance on third-party data. Cybersecurity risks are also noted as a material concern.
Liquidity and capital
The company holds a significant cash balance and expects cash from operations and capital markets to meet obligations. Material cash requirements include debt, leases, purchase obligations, and construction commitments.
What to watch
Readers should monitor the company's ability to sustain revenue growth and improve operating margins in the next filing.