secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001563190-23-000108
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000108/0001563190-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000108/comp-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001563190-23-000108

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