{"schema_version":"secwatch.filing_event.v1","accession":"0001563190-23-000108","form_type":"8-K","ticker":"COMP","cik":"0001563190","company_name":"Compass, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.403078+00:00","generated_at":"2026-06-15T09:03:13.623166+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Compass Q1 revenue down 31% to $957M; net loss improves to $150M; guides Q2 Adj EBITDA positive $30-50M","bullets":["Revenue $957M, down 31% YoY; GAAP net loss $150M (vs $188M loss in Q1 2022).","Adjusted EBITDA loss improved to $67M from $97M; cash and equivalents $364M.","Principal agents up 6% to 13,515; national market share 4.5%, up 17 bps sequentially.","Q2 guidance: revenue $1.45B-$1.6B, Adjusted EBITDA $30M-$50M, expects free cash flow positive.","FY 2023 outlook: Non-GAAP OpEx $850-950M, free cash flow positive."],"urls":{"canonical":"https://secwatch.observer/filing/0001563190-23-000108","json":"https://secwatch.observer/filing/0001563190-23-000108.json","markdown":"https://secwatch.observer/filing/0001563190-23-000108.md","text":"https://secwatch.observer/filing/0001563190-23-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1563190/000156319023000108/0001563190-23-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1563190/000156319023000108/comp-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:03:13.623166+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":"55ba3dbd5892e7210d775eb40aacb294bf8b4406","claim":"Compass, Inc. reported the first quarter ended March 31, 2023 results: revenue $957 million, net income $150 million.","evidence_excerpt":"Revenue decreased by 31% year-over-year to $ 957 million as transactions declined 24%, which was attributable to lower industry-wide transactions. • Q1 2023 GAAP Net loss was $150 million, an improvement from a Net loss of $188 million in Q1 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1563190/000156319023000108/0001563190-23-000108-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$957 million"},{"label":"Net income","value":"$150 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cdfc2c90fc4bc15a2ec6b80b12129286a2b7a779","claim":"Compass, Inc. reported Q2 2023 results: revenue $1.45 billion to $1.6 billion. Guidance initiated.","evidence_excerpt":"Outlook Q2 2023 Outlook: • Revenue of $1.45 billion to $1.6 billion • Adjusted EBITDA of $30 million to $50 million • Free cash flow positive","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1563190/000156319023000108/0001563190-23-000108-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q2 2023"},{"label":"Revenue","value":"$1.45 billion to $1.6 billion"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}