CoStar Q4 EPS Up 13.8% to $0.31, Revenue $900M, Shares Drop 5.2%
CoStar Group’s Q4 non-GAAP EPS of $0.31 topped estimates by 13.8% on revenues of $900M, up 26.9% y/y for the 59th straight quarter of double-digit growth, though shares fell 5.2%. Q1 guidance targets $890M–$900M revenue (+22–23%), $95M–$115M adjusted EBITDA and $0.16–$0.19 EPS.
1. Q4 Financial Results
CoStar Group delivered non-GAAP EPS of $0.31 for Q4, exceeding estimates by 13.8% and up from $0.26 a year earlier. Revenue reached $900 million, a 26.9% increase y/y and marking the 59th straight quarter of double-digit growth, while adjusted EBITDA rose to $177 million with a 19.7% margin.
2. Segment Performance
In Q4 CoStar shifted to a product-based reporting structure. Commercial Real Estate revenues totaled $471 million (52.3% of total), Residential revenues were $429 million (47.7%), and net new bookings hit $75 million, a 41.5% y/y increase.
3. Balance Sheet and Cash Flow
Cash and equivalents stood at $1.63 billion as of Dec. 31, with long-term debt of $993 million. Operating cash flow was $430 million in the quarter, and the company completed a $500 million share repurchase program initiated in 2025.
4. Guidance for 2026
For Q1, CoStar projects revenue of $890–900 million (+22–23% y/y), adjusted EBITDA of $95–115 million, and EPS of $0.16–0.19. Fiscal 2026 revenue guidance is $3.78–3.82 billion (+16–18%) with adjusted EBITDA of $740–800 million and EPS of $1.22–1.33.