Filing Flows › Costar Group (CSGP) › Q4 2025
Costar Group (CSGP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Costar Group (CSGP) reported revenue of $900M for the fourth quarter 2025 (Q4 2025), +27% from a year earlier and +8% from the quarter before. Operating margin was 5.4%, net earnings $47.0M (5.2% of revenue).
Costar Group, Q4 2025: revenue $900M (+27% year over year), operating margin 5.4%, net earnings $47.0M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $900M | +8% | +27% |
| Gross profit | $707M | +7% | +24% |
| Operating profit | $49.0M | — | +22% |
| Net earnings | $47.0M | — | -22% |
| Operating cash flow | $162M | +138% | +71% |
| Free cash flow | $101M | — | +295% |
What changed
Revenue was $900.0M in Q4 2025, up 27% year over year and up 8% from the previous quarter.
Gross margin was 78.6%, down 1.6 points from a year earlier. Operating profit was $49.0M, a 5.4% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 6% margin then. Operating expenses grew 25% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+58%). Net earnings were $47.0M, down 22% year over year. The effective tax rate was 23.0%.
Operating cash flow was $162.0M (up 71% year over year), 345% of net earnings. Non-cash charges added back $81.0M of depreciation and amortization and $41.0M of share-based compensation. Capital expenditures of $61.0M left free cash flow of $101.0M.
Questions
What was Costar Group's revenue in the fourth quarter 2025?
Costar Group (CSGP) reported revenue of $900M for the fourth quarter 2025 (Q4 2025), +27% from a year earlier and +8% from the quarter before.
Was Costar Group profitable in the fourth quarter 2025?
Operating profit was $49.0M (5.4% of revenue) and net earnings $47.0M.
Source: Costar Group 10-K on SEC EDGAR.