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AI brief of an SEC Form 8-K · CoStar (CSGP)

CoStar Group agrees to buy Vexcel for $730 million in cash; Q3 revenue up 14%

Positive Impact 5 of 5 m&a

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.

Key points

  • 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.

The filing

CompanyCoStar (CSGP)
Form8-K, current report
Filed with the SECOct 27, 2026, 4:05 PM ET
Accession number0001057352-26-000078

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:18 PM ET, from the text of the filing and its press-release exhibits only.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.