Filing Flows › Costar Group (CSGP) › Q1 2025
Costar Group (CSGP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Costar Group (CSGP) reported revenue of $732M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +3% from the quarter before. Operating margin was -5.9%, net loss $15.0M (2.0% of revenue).
Costar Group, Q1 2025: revenue $732M (+12% year over year), operating margin -5.9%, net loss $15.0M, operating cash flow $53.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $732M | +3% | +12% |
| Operating profit | −$43.0M | — | — |
| Net earnings | −$15.0M | — | — |
| Operating cash flow | $53.0M | -44% | -62% |
What changed
Revenue was $732.0M in Q1 2025, up 12% year over year and up 3% from the previous quarter. Multifamily was the largest line at 39% of revenue. Multifamily added $27.7M year over year (up 11%), 37% of the total change.
Gross margin was 79.1%, up 0.6 points from a year earlier. Operating costs exceeded revenue by $43.0M, an operating margin of -5.9%. Operating expenses grew 11% against revenue growth of 12%. The fastest-growing cost line was General & admin (+43%). The quarter ended with a net loss of $15.0M, after a profit of $60.1M the previous quarter. Non-operating items added $36.0M, -514% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $53.0M (down 62% year over year). Non-cash charges added back $47.0M of depreciation and amortization and $30.0M of share-based compensation. Working capital and other items used $9.0M. Capital expenditures of $54.0M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Costar Group's revenue in the first quarter 2025?
Costar Group (CSGP) reported revenue of $732M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +3% from the quarter before.
Was Costar Group profitable in the first quarter 2025?
Operating loss was $43.0M (-5.9% of revenue) and net loss $15.0M.
Source: Costar Group 10-Q on SEC EDGAR.