The 10-K highlights ongoing investment in developing Homes.com and expanding CoStar and LoopNet internationally as key priorities for 2025. This indicates a focus on both organic and geographic expansion.

The 10-K states that the Matterport acquisition is subject to customary conditions, including regulatory approvals, and that both companies received a Second Request from the FTC. This introduces uncertainty regarding the completion and timing of the acquisition.

The 10-K mentions the acquisition of Visual Lease was completed in November 2024. This demonstrates a continued strategy of growth through acquisitions.

The 10-K notes that investment in the sales force will increase selling and marketing expenses. This suggests management is actively pursuing a growth strategy, but it's also increasing costs.

The 10-K mentions difficulty in integrating acquired businesses and achieving anticipated synergies. This highlights a potential execution risk in the company's growth strategy.

The 10-K indicates that Multifamily revenue growth is expected to moderate in 2025 due to the impact of pivoting the Apartments.com sales force to support the Homes.com product launch. This suggests a strategic reallocation of resources, but also a potential short-term impact on a key revenue stream.

The 10-K explicitly states that cyberattacks and security vulnerabilities could result in serious harm to the company's reputation, business, and financial condition. This is a standard but important risk factor for any technology-driven company.

The 10-K highlights the risk that the company's services could be less attractive if they are unable to obtain and maintain accurate, comprehensive, or reliable data. Data quality is critical to their business model.

The 10-K states that strategic transactions, including the Matterport acquisition, may be subject to regulatory approvals and may not be completed as contemplated. This creates uncertainty and potential adverse effects.

The 10-K acknowledges that the markets for information systems and services and for online marketplaces are highly competitive and rapidly changing. This poses a constant threat to their market position.

The 10-K mentions that if they are unable to increase awareness of their brands, including CoStar, LoopNet, Apartments.com, Homes.com, Land.com, BizBuySell, STR, Ten-X, and OnTheMarket, it could adversely affect their business.

The 10-K states that if internet search engines do not prominently feature their websites on the search engine results page, traffic to their websites would decrease, and, if they are unable to maintain or increase traffic to their marketplaces, their business and operating results could be adversely affected.

The 10-K notes that to increase revenue growth, they continue to invest significantly in their business, including internal investments in product and content development and external investments in sales and marketing. This may place downward pressure on operating margins in the short term.

The 10-K mentions that the significant costs associated with building their campus in Richmond, Virginia, have impacted and will continue to impact their financial condition and results of operations.

The 10-K states that fluctuating foreign currency exchange rates may negatively impact their business, results of operations, and financial position.

The 10-K emphasizes the role of IT professionals in developing and enhancing services, maintaining existing services, securing data, and providing research automation tools. This highlights the importance of technology to their operations.

The 10-K states that use of new and evolving technologies, including AI, could impact their ability to protect their data and intellectual property from misappropriation by third parties.

The 10-K highlights the risk that technical problems or disruptions could damage their reputation and lead to reduced demand for their information, analytics, and online marketplace services, lower revenues and increased costs.

The 10-K mentions that in February 2025, the Board of Directors approved the Stock Repurchase Program which authorizes, but does not obligate, the repurchase of up to $500 million of the Company's common stock.

The 10-K states that they are obligated to spend an additional $395 million as further work is performed under these contracts. They expect $361 million of these costs to be paid 2025 and intend to fund these expenditures with cash on hand.

The 10-K indicates that the Matterport acquisition, if completed, will require a significant capital outlay, estimated at $940 million in cash and the issuance of approximately 11.2 million CoStar Group Shares.

The 10-K states that attention to ESG matters may require them to incur additional costs or otherwise adversely impact their business.

The 10-K mentions that the Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee oversight of cybersecurity and other information technology risks.

The 10-K mentions that they have a Policy for Recovery of Erroneously Awarded Compensation.

The 10-K states that global economic uncertainties and downturns or a downturn or consolidation in the real estate industry may decrease customer demand for their services and adversely affect their business and results of operations.

The 10-K highlights the risk that climate related events and other events beyond their control could negatively impact their operations or otherwise harm their business.

The 10-K acknowledges that the markets for information systems and services and for online marketplaces in general are highly competitive and rapidly changing.