FINHUB Insights

CSGP · Q2 FY25 · Apr 1 – Jun 30, 2025

CoStar Q2 FY25: where the revenue came from and where it went

CoStar Q2 FY25: revenue $0.8B (+15% year over year). Net profit $0B. Largest cohort Multifamily Online Marketplace $0.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 23, 2025 10-Q
Sankey diagram of CoStar's income statement for Q2 FY25: revenue of $0.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.8B +15% year over year
Gross profit$0.6B 78% margin
Operating profit$0B -3% margin
Net profit$0B 1% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear 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−0.225%
Gross profit0.678% margin−1pp
Sales & marketing−0.451%−2pp
G&A−0.116%−1pp
Other−0.116%+0pp
Operating profit0-3% margin−1pp
Net profit01%−2pp
Filing on EDGAR More quarters of CSGP

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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