CoStar Group (CSGP) investor relations material

Executive summary

• Revenue for Q1 2026 reached $897 million, up 23% year-over-year from $732 million in Q1 2025.

• Net income was $3 million, reversing a net loss of $15 million in the prior year period.

• Adjusted Net Income rose 49% year-over-year to $94 million; Adjusted EPS increased 53% to $0.23.

• Adjusted EBITDA doubled year-over-year to $132 million, exceeding guidance midpoint by 26%.

• Net new bookings annualized at $67 million, up 20% year-over-year.

Financial highlights

• Gross profit for Q1 2026 was $701 million, up from $579 million in Q1 2025.

• Operating expenses increased to $698 million from $622 million year-over-year.

• Cash and cash equivalents at quarter-end were $1.2 billion, down from $1.6 billion at year-end 2025.

• Net cash provided by operating activities was $152 million, up from $53 million in Q1 2025.

Outlook and guidance

• Full-year 2026 revenue guidance reaffirmed at $3.78–$3.82 billion, representing 17% growth at midpoint.

• Q2 2026 revenue expected between $922–$932 million, up 19% year-over-year at midpoint.

• Full-year 2026 Adjusted EBITDA guidance raised to $780–$820 million, up $30 million at midpoint.

• Full-year 2026 Adjusted EPS expected in the range of $1.32–$1.39.