Stock Analysis on Net
Stock Analysis on Net

CoStar Group Inc. (NASDAQ:CSGP)

This company has been moved to the archive! The financial data has not been updated since July 26, 2023.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

CoStar Group Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Revenues 605,906 584,366 573,345 556,921 536,308 515,825 506,786 499,319 480,333 457,697 444,393 425,620 397,159 391,847 374,726 352,808 343,760 328,425 315,571 305,525 297,018 273,718
Cost of revenues (112,362) (119,196) (109,194) (108,364) (100,971) (95,479) (86,330) (92,597) (89,566) (88,748) (78,154) (77,865) (74,040) (78,909) (74,996) (71,172) (71,918) (71,153) (68,248) (72,072) (67,136) (62,477)
Gross profit 493,544 465,170 464,151 448,557 435,337 420,346 420,456 406,722 390,767 368,949 366,239 347,755 323,119 312,938 299,730 281,636 271,842 257,272 247,323 233,453 229,882 211,241
Selling and marketing, excluding customer base amortization (250,026) (226,234) (173,486) (185,395) (181,344) (143,997) (138,653) (180,055) (164,612) (138,687) (133,576) (146,634) (130,461) (125,107) (99,845) (101,582) (119,075) (88,094) (69,152) (89,251) (112,965) (88,490)
Software development (63,369) (66,590) (58,403) (56,912) (51,587) (54,021) (52,522) (53,143) (48,573) (46,784) (41,573) (40,732) (39,001) (41,610) (36,580) (32,639) (28,455) (27,928) (25,580) (26,173) (26,271) (22,913)
General and administrative (90,563) (89,508) (92,161) (91,270) (77,345) (77,961) (69,964) (64,671) (58,226) (63,850) (118,100) (65,322) (57,403) (58,873) (50,797) (45,530) (42,337) (40,076) (39,001) (39,012) (38,056) (40,590)
Customer base amortization (10,440) (10,617) (12,939) (29,651) (14,878) (16,092) (18,932) (19,121) (18,345) (18,419) (17,780) (18,258) (14,935) (11,484) (11,522) (7,616) (7,175) (7,682) (7,933) (8,329) (8,816) (5,803)
Operating expenses (414,398) (392,949) (336,989) (363,228) (325,154) (292,071) (280,071) (316,990) (289,756) (267,740) (311,029) (270,946) (241,800) (237,074) (198,744) (187,367) (197,042) (163,780) (141,666) (162,765) (186,108) (157,796)
Income from operations 79,146 72,221 127,162 85,329 110,183 128,275 140,385 89,732 101,011 101,209 55,210 76,809 81,319 75,864 100,986 94,269 74,800 93,492 105,657 70,688 43,774 53,445
Interest income (expense), net 51,911 43,548 32,586 10,656 (3,399) (7,718) (7,923) (7,943) (7,877) (7,878) (7,913) (7,537) (3,596) 1,651 3,438 4,414 4,678 4,212 — — — —
Other income (expense), net 609 581 (213) 1,389 1,343 864 909 1,546 847 (50) (856) (338) (474) 841 9,881 240 538 1 3,912 2,318 1,924 2,297
Income before income taxes 131,666 116,350 159,535 97,374 108,127 121,421 133,371 83,335 93,981 93,281 46,441 68,934 77,249 78,356 114,305 98,923 80,016 97,705 109,569 73,006 45,698 55,742
Income tax expense (31,146) (29,219) (35,163) (25,084) (24,654) (32,103) (40,471) (19,031) (32,833) (19,069) (10,652) (10,748) (16,889) (5,563) (26,378) (20,304) (16,768) (12,536) (26,060) (14,247) (1,863) (3,511)
Net income 100,520 87,131 124,372 72,290 83,473 89,318 92,900 64,304 61,148 74,212 35,789 58,186 60,360 72,793 87,927 78,619 63,248 85,169 83,509 58,759 43,835 52,231

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. CoStar Group Inc. revenues increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Income from operations The net result for the period of deducting operating expenses from operating revenues. CoStar Group Inc. income from operations decreased from Q4 2022 to Q1 2023 but then slightly increased from Q1 2023 to Q2 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. CoStar Group Inc. income before income taxes decreased from Q4 2022 to Q1 2023 but then slightly increased from Q1 2023 to Q2 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. CoStar Group Inc. net income decreased from Q4 2022 to Q1 2023 but then slightly increased from Q1 2023 to Q2 2023.