Compass Q1 revenue $1.4B (+25% YoY), net loss $188M; guides Q2 rev $2.0-2.2B, FY22 rev $7.6-8.0B

Compass, Inc.

2022-Q2 EPS reported -$0.45 revenue$1,397,000,000

Revenue $1.4B (record 1Q), up 25% YoY; total transactions 47,367 (+18%); GTV $53.7B (+23%).
Net loss attributable $188M; Adjusted EBITDA loss $97M, vs ($31M) in 1Q21.
National LTM market share 5.8% (150bps YoY); Q1 share 6.1% (up from 5.2% in 1Q21).
Q2 guidance: rev $2.0-2.2B, Adj. EBITDA $0-40M; FY22 rev $7.6-8.0B, Adj. EBITDA at least breakeven.
CFO Kristen Ankerbrandt resigns effective Sept 2022; Greg Hart promoted to COO from Chief Product Officer.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Kristen Ankerbrandt

Chief Financial Officer

COMP · Compass, Inc.

Effective: 2022-09-02
Filed: May 12, 2022, 7:59 PM ET

On May 10, 2022, Kristen Ankerbrandt, the Company’s Chief Financial Officer, notified the Board of Directors of her intention to resign her employment with the Company effective the earlier of (i) September 2, 2022 or (ii) the date her successor commences serving in the role

Role change

Greg Hart

Chief Operating Officer

COMP · Compass, Inc.

Effective: 2022-05-10
Filed: May 12, 2022, 7:59 PM ET

On May 10, 2022, Greg Hart was appointed as the Chief Operating Officer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kristen Ankerbrandt resigned as Chief Financial Officer at Compass, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On May 10, 2022, Kristen Ankerbrandt, the Company’s Chief Financial Officer, notified the Board of Directors of her intention to resign her employment with the Company effective the earlier of (i) September 2, 2022 or (ii) the date her successor commences serving in the role

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Greg Hart was appointed as Chief Operating Officer at Compass, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On May 10, 2022, Greg Hart was appointed as the Chief Operating Officer, effective immediately.

View on SEC.gov

Compass, Inc. filing history →

Source: SEC EDGAR

accession 0001563190-22-000010

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