---
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"
generated_at: "2026-06-15T09:03:13.623166+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Compass Q1 revenue down 31% to $957M; net loss improves to $150M; guides Q2 Adj EBITDA positive $30-50M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-23-000108
- JSON: https://secwatch.observer/filing/0001563190-23-000108.json
- Plain text: https://secwatch.observer/filing/0001563190-23-000108.txt

## Key facts
- Earnings Releases
  Compass, Inc. reported the first quarter ended March 31, 2023 results: revenue $957 million, net income $150 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $957 million
  - Net income: $150 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000108/0001563190-23-000108-index.htm
- Earnings Releases
  Compass, Inc. reported Q2 2023 results: revenue $1.45 billion to $1.6 billion. Guidance initiated.
  - Period: Q2 2023
  - Revenue: $1.45 billion to $1.6 billion
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000108/0001563190-23-000108-index.htm

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