---
schema_version: "secwatch.filing_event.v1"
accession: "0001563190-23-000031"
form_type: "8-K"
ticker: "COMP"
cik: "0001563190"
company_name: "Compass, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:03:59.404849+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Compass Q4 revenue down 31% to $1.11B; FY22 net loss $602M; guides Q1 rev $850-950M

## Summary
- 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.

## SEC filing metadata
- accession: 0001563190-23-000031
- form_type: 8-K
- ticker: COMP
- cik: 0001563190
- company_name: Compass, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000031/0001563190-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000031/comp-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-23-000031
- JSON: https://secwatch.observer/filing/0001563190-23-000031.json
- Plain text: https://secwatch.observer/filing/0001563190-23-000031.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000031/0001563190-23-000031-index.htm
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000031/0001563190-23-000031-index.htm

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