科斯塔 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______ to ______ Commission file number 0-24531 CoStar Group, Inc. (Exact name of registrant as specified in its charter) 52-2091509 Delaware (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 1201 Wilson Blvd 22209 (Address of principal executive offices) (Zip Code) (202) 346-6500(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports) and (2)has been subject to such filingrequirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filerAccelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No , there were 408,355,715 shares of the registrant’s common stock outstanding. COSTAR GROUP, INC.FORM 10-QTABLE OF CONTENTS Glossary of Terms3PART IFINANCIAL INFORMATIONItem1.Financial Statements6Condensed Consolidated Statements of Operations6Condensed Consolidated Statements of Comprehensive Income (Loss)7Condensed Consolidated Balance Sheets8Condensed Consolidated Statements of Changes in Stockholders’ Equity9Condensed Consolidated Statements of Cash Flows11Notes to Condensed Consolidated Financial Statements12Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations40Item3.Quantitative and Qualitative Disclosures About Market Risk54Item4.Controls and Procedures55PART IIOTHER INFORMATIONItem1.Legal Proceedings56Item1A.Risk Factors56Item2.Unregistered Sales of Equity Securities and Use of Proceeds56Item3.Defaults Upon Senior Securities56Item4.Mine Safety Disclosures56Item5.Other Information56Item6.Exhibits57Signatures58 Glossary of Terms PART I — FINANCIAL INFORMATION COSTAR GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in millions, except per share data)(unaudited) Three Months EndedMarch 31, COSTAR GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(in millions)(unaudited) COSTAR GROUP, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in millions)(unaudited) COSTAR GROUP, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited) 1.ORGANIZATION CoStar Group (the "Company") is a leading global provider of real estate information, analytics, online marketplaces, and 3D digitaltwin technology. The Company has created and compiled a standardized platform of real estate information and analytics and onlinemarketplaces where industry professionals, consumers of real estate, and the related business communities can continuously interact andfacilitate transactions by efficiently accessing and exchanging accurate and standardized real estate-related information. The Company'sservice offerings span all property types, including office, residential, retail, industrial, multifamily, land, mixed-use, and hospitality. TheCompany's services are typically distributed to its customers under subscription-based agreements that generally renew automatically andhave a minimum term of one year. The Company operates within two operating segments, which are Commercial Real Estate andResidential Real Estate. The Company acquired Matterport and Domain in February 2025 and August 2025, respectively. See Note4 for further discussion ofthese acquisitions. 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Allintercompany balances and t