The Cosmic Evolution Survey (COSMOS) has become a cornerstone of extragalactic astronomy. Since the last public catalog in 2015, a wealth of new imaging and spectroscopic data have been collected in the COSMOS field. This paper describes the collection, processing, and analysis of these new imaging data to produce a new reference photometric redshift catalog. Source detection and multiwavelength photometry are performed for 1.7 million sources across the 2 deg2 of the COSMOS field, ∼966,000 of which are measured with all available broadband data using both traditional aperture photometric methods and a new profile-fitting photometric extraction tool, The Farmer, which we have developed. A detailed comparison of the two resulting photometric catalogs is presented. Photometric redshifts are computed for all sources in each catalog utilizing two independent photometric redshift codes. Finally, a comparison is made between the performance of the photometric methodologies and of the redshift codes to demonstrate an exceptional degree of self-consistency in the resulting photometric redshifts. The i < 21 sources have subpercent photometric redshift accuracy and even the faintest sources at 25 < i < 27 reach a precision of 5%. Finally, these results are discussed in the context of previous, current, and future surveys in the COSMOS field. Compared to COSMOS2015, it reaches the same photometric redshift precision at almost one magnitude deeper. Both photometric catalogs and their photometric redshift solutions and physical parameters will be made available through the usual astronomical archive systems (ESO Phase 3, IPAC-IRSA, and CDS).

Context. How galaxies form, assemble, and cease their star formation is a central question within the modern landscape of galaxy evolution studies. These processes are indelibly imprinted on the galaxy stellar mass function (SMF), and its measurement and understanding is key to uncovering a unified theory of galaxy evolution. Aims. We present constraints on the shape and evolution of the galaxy SMF, the quiescent galaxy fraction, and the cosmic stellar mass density across 90% of the history of the Universe from z = 7.5 → 0.2 as a means to study the physical processes that underpin galaxy evolution. Methods. The COSMOS survey is an ideal laboratory for studying representative galaxy samples. Now equipped with deeper and more homogeneous near-infrared coverage exploited by the COSMOS2020 catalog, we leverage the large 1.27 deg2 effective area to improve sample statistics and understand spatial variations (cosmic variance) – particularly for rare, massive galaxies – and push to higher redshifts with greater confidence and mass completeness than previous studies. We divide the total stellar mass function into star-forming and quiescent subsamples through NUVrJ color-color selection. The measurements are then fit with single- and double-component Schechter functions to infer the intrinsic galaxy stellar mass function, the evolution of its key parameters, and the cosmic stellar mass density out to z = 7.5. Finally, we compare our measurements to predictions from state-of-the-art cosmological simulations and theoretical dark matter halo mass functions. Results. We find a smooth, monotonic evolution in the galaxy stellar mass function since z = 7.5, in general agreement with previous studies. The number density of star-forming systems have undergone remarkably consistent growth spanning four decades in stellar mass from z = 7.5 → 2 whereupon high-mass systems become predominantly quiescent (“downsizing”). Meanwhile, the assembly and growth of low-mass quiescent systems only occurred recently, and rapidly. An excess of massive systems at z ≈ 2.5 − 5.5 with strikingly red colors, with some being newly identified, increase the observed number densities to the point where the SMF cannot be reconciled with a Schechter function. Conclusions. Systematics including cosmic variance and/or active galactic nuclei contamination are unlikely to fully explain this excess, and so we speculate that they may be dust-obscured populations similar to those found in far infrared surveys. Furthermore, we find a sustained agreement from z ≈ 3 − 6 between the stellar and dark matter halo mass functions for the most massive systems, suggesting that star formation in massive halos may be more efficient at early times.

We present the results of a systematic search for candidate quiescent galaxies in the distant universe in 11 JWST fields with publicly available observations collected during the first 3 months of operations and covering an effective sky area of ∼145 arcmin2. We homogeneously reduce the new JWST data and combine them with existing observations from the Hubble Space Telescope. We select a robust sample of ∼80 candidate quiescent and quenching galaxies at 3 < z < 5 using two methods: (1) based on their rest-frame UVJ colors, and (2) a novel quantitative approach based on Gaussian mixture modeling of the near-UV − U, U − V, and V − J rest-frame color space, which is more sensitive to recently quenched objects. We measure comoving number densities of massive (M ⋆ ≥ 1010.6 M ⊙) quiescent galaxies consistent with previous estimates relying on ground-based observations, after homogenizing the results in the literature with our mass and redshift intervals. However, we find significant field-to-field variations of the number densities up to a factor of 2–3, highlighting the effect of cosmic variance and suggesting the presence of overdensities of red quiescent galaxies at z > 3, as could be expected for highly clustered massive systems. Importantly, JWST enables the robust identification of quenching/quiescent galaxy candidates at lower masses and higher redshifts than before, challenging standard formation scenarios. All data products, including the literature compilation, are made publicly available.

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