8-K
filed February 28, 2023, 6:59 PM ET
ticker COMP
CIK 0001563190
earnings
confidence high
sentiment negative
materiality 0.80
Compass Q4 revenue down 31% to $1.11B; FY22 net loss $602M; guides Q1 rev $850-950M
Compass, Inc.
2022-FY EPS reported
-$1.40
revenue$6,018,000,000
- Q4 revenue $1.11B (-31% YoY); GAAP net loss $158M vs $175M loss in Q4 2021.
- FY22 revenue $6B (-6% YoY); GAAP net loss $602M vs $494M in FY21.
- Adjusted EBITDA loss $75M in Q4 ($51M loss in Q4 2021); FY22 loss $210M vs $2M income in FY21.
- National market share rose to 4.6% TTM; principal agent retention 98% in Q4.
- Q1 2023 guidance: revenue $850-950M, Adj. EBITDA loss $70-90M; FY23 non-GAAP opex target $850-950M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Compass, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $1.11 billion, net income $158 million. Guidance initiated.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $1.11 billion
- Net income
- $158 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
4Q22 Financial Highlights: • Revenue decreased by 31 % year-over-year to $ 1.11 billion as transactions declined 25 %, which was attributable to lower industry wide transactions. • GAAP Net Loss was $ 158 million, an improvement from a net loss of $175 million in 4Q21.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Compass, Inc. reported the full year ended December 31, 2022 results: revenue $6 billion, net income $602 million. Guidance initiated.
- Period
- the full year ended December 31, 2022
- Revenue
- $6 billion
- Net income
- $602 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
FY22 Financial Highlights: • Revenue decreased by 6 % year-over-year to $ 6 billion as transactions at Compass also declined 6 %, which was driven primarily by lower industry wide transactions. • GAAP Net Loss includes non-cash stock-based compensation expenses of $235 million, depreciation and amortization of $86 million, restructuring charges due to the cost saving actions of $49 million, and litigation charges of $11 million. The net loss for FY22 was $ 602 million compared to $494 million in FY21,
View on SEC.gov
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