‹ Browse★ Saved
📱 Tech & Apps
CoStar Group
(CSGP ↗)
costargroup.com ↗
The data company behind commercial real estate — CoStar, LoopNet, Apartments.com — now pouring its profits into Homes.com to take on Zillow. A highly profitable core, deliberately spending itself to a loss to win a much bigger market.
Updated · FY2025 · February 2026
6
Chapters
~11
Min read
$3.3B / yr revenue · ~6K employees · public since 1998
🌶️🌶️
Spice: Jalapeño (3/5)
More filled = spicier (more aggressive), not "better." Tap a row to see what it means.
What is spice?
Your progress
0 of 6
1
Growth
~2 min
The Data Behind Every Deal
Almost every commercial property deal in America touches CoStar's data somewhere along the way.
›
2
Financial Health
~2 min
Choosing to Lose Money
CoStar's core is hugely profitable. So why did the whole company post a loss?
›
3
Moat
~1 min
Data Nobody Else Has
CoStar spent decades and billions assembling property data. A rival can't just buy that overnight.
›
4
Management
~2 min
The CEO Bought the Dip
After the stock fell, the founder-CEO stepped in and bought millions of dollars of it himself.
›
5
Behind the Numbers
~2 min
The Homes.com Bet
The whole story rides on one question: can CoStar take on Zillow and win?
›
6
Risk
~2 min
What If the Bet Doesn't Pay?
A strong core and a founder buying — against a costly bet that may not beat an entrenched rival.
↻ Next update · Jul 28
est. Jul 28, 2026 · Q2 FY2026 · CoStar Group Investor Relations ↗
›
✦ Reader takes on CoStar Group
0 comments
Drop your read. See how others are calling this brief.
No one's weighed in yet. Be the first.
↗ Share CoStar Group
↻ The read keeps updating
You're reading the 6 opening chapters. After that, every time CoStar Group files a new report, the chapters get updated here.