Oct 27, 4:05 PM ET
On October 27, 2026, CoStar Group signed a merger agreement through its subsidiaries to acquire Vexcel Group, a provider of aerial imagery and geospatial data, for $730 million in cash, subject to customary adjustments. Closing depends on antitrust waiting periods and other conditions, and the deal does not require CoStar stockholder approval or financing. The same day, CoStar reported third-quarter 2026 revenue of $952 million, up 14%, net income of $74 million versus a $31 million loss a year earlier, and raised its full-year 2026 Adjusted EBITDA guidance to $820 million to $840 million.
- Vexcel purchase price is $730 million in cash; the agreement can be terminated if the deal is not completed by July 27, 2027.
- Q3 2026 revenue was $952 million, up from $834 million; net income was $74 million and diluted EPS was $0.18.
- Q3 Adjusted EBITDA was $229 million versus $114 million a year earlier; 2026 Adjusted EBITDA guidance raised to $820 million to $840 million and revenue guidance to $3.75 billion to $3.77 billion.
Read the filing on SEC.gov ↗
Jul 28, 4:05 PM ET
CoStar Group reported second-quarter 2026 revenue of $925 million, up 18% from $781 million a year earlier, and net income of $55 million, compared with $6 million. The company affirmed its full-year 2026 Adjusted EBITDA guidance of $780 million to $820 million and revised its full-year revenue guidance to $3.715 billion to $3.755 billion.
- Q2 2026 revenue $925 million, up 18% year over year; diluted EPS $0.14 vs. $0.01
- Adjusted EBITDA $184 million in Q2 2026, up 116% from $85 million
- Full-year 2026 Adjusted EBITDA guidance affirmed at $780 million to $820 million; Q3 revenue expected at $935 million to $945 million
- Full-year 2026 Adjusted EPS reaffirmed at $1.32 to $1.39
Read the filing on SEC.gov ↗
Jul 13, 5:06 PM ET
CoStar Group appointed Robin Rossmann, its Managing Director, Europe, as Chief Financial Officer effective July 31, 2026. He succeeds Christian Lown, who resigned to pursue an opportunity outside the company's industry, and the company says the resignation was not due to any disagreement on operations, policies or practices. The filing also details Rossmann's pay package, including a $2.5 million equity grant and a $500,000 relocation subsidy.
- Robin Rossmann appointed CFO effective July 31, 2026, reporting to Founder and CEO Andy Florance
- Christian Lown resigned as CFO effective July 31, 2026; he notified the company on July 7, 2026
- Rossmann's base salary is £440,000, rising to $590,000 after relocation to Arlington, VA, with a target bonus of 100% of base salary
- One-time equity grant valued at $2.5 million as of July 31, 2026, plus a $500,000 relocation subsidy
Read the filing on SEC.gov ↗
Jun 25, 9:00 AM ET
At its June 23, 2026 annual meeting, CoStar Group stockholders re-elected all eight director nominees, approved the 2026 Employee Stock Purchase Plan, ratified Ernst & Young LLP as auditor for fiscal 2026, and approved the advisory say-on-pay proposal. The 2026 plan authorizes 2,500,000 new shares and replaces the 2021 plan, which will issue no further shares. The filing reports vote tallies but no financial results.
- Say-on-pay advisory vote passed with 71.38% of votes cast in favor (257,665,608 for, 103,277,424 against).
- Director nominees received between 93.92% (Louise S. Sams) and 99.50% (Christine M. McCarthy) of votes for.
- The 2026 ESPP authorizes 2,500,000 shares of common stock and was approved with 359,953,752 votes for.
- Ernst & Young LLP was ratified as independent auditor for the year ending December 31, 2026, with 351,556,365 votes for.
Read the filing on SEC.gov ↗
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