Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Spending less on selling turned a loss into profit
Revenue rose while operating costs fell, so the swing to profit came from spending less, not from a wider gross margin.
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The measure the company calls an indicator of future subscription revenue fell by more than half from a year earlier.
Non-cash charges for acquired customers and technology weigh on earnings, so the quarter produced more cash than net income suggests.
The same verified records are sold to brokers, lenders and owners alike, which keeps gross margin near 78% even as acquisitions add cost.
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Business Lens describes CoStar Group from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
