secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001563190-23-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000031/0001563190-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000031/comp-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001563190-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer