Filing Flows › Costar Group (CSGP) › Q3 2025
Costar Group (CSGP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Costar Group (CSGP) reported revenue of $834M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +7% from the quarter before. Operating margin was -6.1%, net loss $30.9M (3.7% of revenue).
Costar Group, Q3 2025: revenue $834M (+20% year over year), operating margin -6.1%, net loss $30.9M, operating cash flow $68.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $834M | +7% | +20% |
| Operating profit | −$51.0M | — | — |
| Net earnings | −$30.9M | -615% | — |
| Operating cash flow | $68.0M | -54% | -32% |
What changed
Revenue was $834.0M in Q3 2025, up 20% year over year and up 7% from the previous quarter. Multifamily was the largest line at 36% of revenue. Other Revenues added $45.8M year over year (up 142%), 32% of the total change.
Gross margin was 79.4%, down 0.3 points from a year earlier. Operating costs exceeded revenue by $51.0M, an operating margin of -6.1%. Operating expenses grew 35% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+51%). The quarter ended with a net loss of $30.9M, after a profit of $6.0M the previous quarter.
Operating cash flow was $68.0M (down 32% year over year). Non-cash charges added back $69.0M of depreciation and amortization and $71.0M of share-based compensation. Working capital and other items used $41.1M. Capital expenditures of $73.0M exceeded it, leaving free cash flow of −$5.0M.
Questions
What was Costar Group's revenue in the third quarter 2025?
Costar Group (CSGP) reported revenue of $834M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +7% from the quarter before.
Was Costar Group profitable in the third quarter 2025?
Operating loss was $51.0M (-6.1% of revenue) and net loss $30.9M.
Source: Costar Group 10-Q on SEC EDGAR.