Form 10-Q · Quarterly report
CoStar Group 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0001057352
- Accession no.
- 0001057352-26-000066
Summary
CoStar Group reported annualized net new bookings of subscription-based services of $69 million for the quarter ended June 30, 2026, down from $93 million a year earlier, and said it expects commercial real estate revenue growth to moderate in 2026 while residential real estate growth accelerates. The company now reports results in two segments, Commercial Real Estate and Residential Real Estate, after shifting from geography-based segments in the fourth quarter of 2025.
Key points
- CoStar's contract renewal rate for subscription services with terms of at least one year was about 89% and its cancellation rate about 11% for the trailing 12 months ended June 30, 2026, unchanged from a year earlier.
- Subscription-based contracts were about 89% of total revenue in the June 2026 quarter versus 95% a year earlier, which CoStar attributed to Domain's per-property premium listings and Matterport's transactional products and services.
- CoStar raised commercial growth expectations for 2025's Matterport acquisition as a nonrecurring benefit that will moderate 2026 commercial growth, and expects a full year of the August 2025 Domain acquisition plus more Homes.com memberships to accelerate residential growth.
- CoStar launched CoStar in France and LoopNet branded advertising products in Spain and France, and plans to launch CoStar in Australia later in 2026 while extending Homes Ai and Apartments Ai across its platforms.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2.Management’s Discussion Overview CoStar Group is a leading global provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, based on the numbers of unique visitors and site visits per month; providing more information, analytics, and marketing services than many of our competitors; offering the most comprehensive commercial real estate database available; and having the largest commercial real estate research department in the industry. …
An excerpt of the text as filed with the SEC, cut for length.
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