CoStar

CSGP · Real Estate · Market cap $11.6B

Q3 FY25 Sep 30, 2025 reported Oct 29, 2025

Revenue$0.8B +20% year over year

Gross profit$0.7B

Operating profit$-0.1B

Net profit$0B -4% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.8	100%	+20%
Multifamily Online Marketplace	0.3	38%	+11%
Co Star	0.3	38%	+8%
Loop Net	0.1	12%	+12%
Product and Service Other	0.1	12%	+142%
Residential	0.1	12%	+98%
Cost of revenue	−0.2	25%
Gross profit	0.7	79% margin	+0pp
Sales & marketing	−0.4	50%	+2pp
G&A	−0.2	19%	+4pp
Other	−0.1	16%	+0pp
Operating profit	-0.1	-6% margin	−10pp
Net profit	0	-4%	−11pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.8	100%	+15%
Multifamily Online Marketplace	0.3	38%	+11%
Co Star	0.3	38%	+7%
Loop Net	0.1	12%	+8%
Product and Service Other	0.1	12%	+139%
Cost of revenue	−0.2	25%
Gross profit	0.6	78% margin	−1pp
Sales & marketing	−0.4	51%	−2pp
G&A	−0.1	16%	−1pp
Other	−0.1	16%	+0pp
Operating profit	0	-3% margin	−1pp
Net profit	0	1%	−2pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.7	100%	+12%
Multifamily Online Marketplace	0.3	43%	+11%
Co Star	0.3	43%	+6%
Loop Net	0.1	14%	+5%
Cost of revenue	−0.2	29%
Gross profit	0.6	79% margin	+1pp
Sales & marketing	−0.4	50%	−5pp
G&A	−0.1	19%	+4pp
Other	−0.1	15%	+0pp
Operating profit	0	-6% margin	+1pp
Net profit	0	-2%	−3pp

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	0.7	100%	+11%
Multifamily Product and Service	0.3	43%	+13%
Co Star	0.3	43%	+10%
Loop Net	0.1	14%	+5%
Cost of revenue	−0.1	14%
Gross profit	0.6	80% margin	+1pp
Sales & marketing	−0.3	43%	+5pp
G&A	−0.1	18%	+1pp
Other	−0.1	13%	+0pp
Operating profit	0	6% margin	−5pp
Net profit	0.1	8%	−7pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY25	Sep 30, 2025	Oct 29, 2025	$0.8B	+20%	-12%	$0B	-4%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 23, 2025	$0.8B	+15%	0%	$0B	1%
Q1 FY25	Jan 1 – Mar 31, 2025	May 1, 2025	$0.7B	+12%	0%	$0B	-2%
Q4 FY24	Oct 1 – Dec 31, 2024	Feb 20, 2025	$0.7B	+11%	0%	$0.1B	8%