---
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"
generated_at: "2026-06-21T22:59:42.659162+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Compass Q3 revenue down 14% to $1.49B; Adj EBITDA loss of $42M vs +$12M a year ago

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-22-000185
- JSON: https://secwatch.observer/filing/0001563190-22-000185.json
- Plain text: https://secwatch.observer/filing/0001563190-22-000185.txt

## Key facts
- Earnings Releases
  Compass, Inc. reported the quarter ended September 30, 2022 results: revenue $1.49 billion, net income $154 million. Guidance initiated.
  - Period: the quarter ended September 30, 2022
  - Revenue: $1.49 billion
  - Net income: $154 million
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319022000185/0001563190-22-000185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.