Proptech Earnings Radar Pt. 2 - Q2 2025 (Series V, Part IX)

Q2 results are in for many of proptech’s public companies.

Below are the earnings summaries and links to the full articles for each of the the ten companies we deem as the most important players in the broader category. Beyond that is the wrap-up that includes a table covering the performance of the 26 companies in the GEM Proptech Index.

Without further ado, let’s get to it.

Note: All market cap figures are taken end of day, August 12th, 2025.

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The 26 companies covered in the table below represent a combined market cap of $255.672B (as of August 12, 2025). Since Q1’s report (May 13, 2025), the GEM Proptech Index is up  5.25% sequentially, and 18.38% YoY. (For comparison, last year’s Q2 report covered 28 stocks with a combined market cap of $215.973B)
 
 The “Core 4—Airbnb, CoStar, Zillow, and Rocket—still represent nearly two thirds of the total index value (65.82%), up 34 bps from Q1 but down 2.77% YoY. Shifts in their performance continue to drive much of the sector’s movement given their outsized weight.

Full chart & takeaways are below...