Form 8-K · Current report
CoStar Group 8-K, filed Oct 27, 2026
- Filed
- CIK
- 0001057352
- Accession no.
- 0001057352-26-000078
Summary
CoStar Group agreed to acquire aerial imagery and geospatial data provider Vexcel Group for $730 million in cash, a deal subject to antitrust clearance under the Hart-Scott-Rodino Act and a July 27, 2027 outside termination date. The company also reported record third-quarter 2026 revenue of $952 million and raised its full-year 2026 adjusted EBITDA guidance to $820 million–$840 million.
Key points
- CoStar's third-quarter 2026 net income was $74 million and adjusted EBITDA was $229 million, roughly doubling from the prior-year quarter, on revenue up 14%.
- The Merger Agreement, signed October 27, 2026, lets either CoStar or Vexcel terminate if the transaction is not completed by July 27, 2027, subject to extension.
- CoStar raised its 2026 revenue guidance to $3.75 billion–$3.77 billion, about 16% growth at the midpoint, and its 2026 adjusted EPS guidance to $1.38–$1.41.
- CEO Andy Florance said CoStar has identified at least $200 million in potential additional cost savings to realize over the next 12 to 18 months.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into Material Definitive Agreement. On October 27, 2026, CoStar Group, Inc. (“CoStar Group” or the “Company”), through its wholly owned subsidiaries, CoStar Realty Information, Inc., a Delaware corporation and Velocity Merger Sub, Inc, a Delaware corporation, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Vexcel Group, Inc. a Delaware corporation (together with its subsidiaries, “Vexcel”), and Fortis Advisors LLC, a Delaware limited liability company, solely in its capacity as the stockholder representative, to acquire Vexcel, a leading provider of comprehensive aerial imagery and geospatial data programs, for $730 million in cash, subject to…
An excerpt of the text as filed with the SEC, cut for length.
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