{"schema_version":"secwatch.filing_event.v1","accession":"0001563190-22-000185","form_type":"8-K","ticker":"COMP","cik":"0001563190","company_name":"Compass, Inc.","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.171996+00:00","generated_at":"2026-06-21T22:59:42.659162+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Compass Q3 revenue down 14% to $1.49B; Adj EBITDA loss of $42M vs +$12M a year ago","bullets":["GAAP net loss $154M vs $100M loss in 3Q21; includes $29M restructuring and $50M stock-based comp.","Adjusted EBITDA loss of $42M; guides Q4 Adj EBITDA loss of $50M-$80M and FY22 loss $185M-$215M.","Transactions down 12% vs market down 21%; principal agents up 15% to 13,314; national share 4.6%.","Cash and equivalents $355M; $300M revolver available; Q4 revenue guidance $1.15B-$1.30B.","Restructuring charges of $29M in Q3 as part of cost savings program targeting $1.05B-$1.15B non-GAAP opex exiting 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001563190-22-000185","json":"https://secwatch.observer/filing/0001563190-22-000185.json","markdown":"https://secwatch.observer/filing/0001563190-22-000185.md","text":"https://secwatch.observer/filing/0001563190-22-000185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1563190/000156319022000185/0001563190-22-000185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1563190/000156319022000185/compassinc_202201110x8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T22:59:42.659162+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d97f235028951b9128cc8d1b8a65de23010c54d4","claim":"Compass, Inc. reported the quarter ended September 30, 2022 results: revenue $1.49 billion, net income $154 million. Guidance initiated.","evidence_excerpt":"Compass, Inc. Reports Third Quarter 2022 Results • Total revenues of $1.49 billion, down 14% compared to 3Q21, driven principally by lower market volumes. • Successfully launched the Compass national agent platform in all markets allowing agents to guide their customers from first contact to close in one seamless workflow platform. • The Company incurred $29 million in restructuring charges, of which $25 million was for severance. GAAP Net Loss was $154 million, compared to a GAAP Net Loss of $100 million in 3Q21 as lower revenues and restructuring costs more than offset reductions in commissions and operating expenses.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1563190/000156319022000185/0001563190-22-000185-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2022"},{"label":"Revenue","value":"$1.49 billion"},{"label":"Net income","value":"$154 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}