Compass Q2 revenue $1.5B (-26% YoY), turns free cash flow positive at $51M

Compass, Inc.

2023-Q2 EPS reported -$0.44 revenue$2,451,200,000

Revenue $1.5B, down 26% YoY; GAAP net loss $48M improved from $101M loss year ago.
Adjusted EBITDA $30M (vs $4M); free cash flow $51M; cash $335M (incl $150M drawn revolver repaid July).
National market share 4.6%, up 13bps sequentially; principal agents 13,633 (+429 YoY), retention >90%.
Q3 guidance: revenue $1.3-1.4B, Adj EBITDA $15-35M; FY 2023 free cash flow positive target.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Compass, Inc. reported second quarter ended June 30, 2023 results: revenue $1.5 billion, net income $48 million net loss. Guidance initiated.

Period: second quarter ended June 30, 2023
Revenue: $1.5 billion
Net income: $48 million net loss
Guidance: initiated
Result: reported results

Exact text from the filing

its operating expenses at $900 million in 2024 and is focused on maintaining that level through 2025. Q2 2023 Financial Highlights: • Revenue decreased by 26% year-over-year to $ 1.5 billion as transactions declined 19% driven by macroeconomic factors, combined with a decrease in the price of the average Compass transaction which was in part attributable to a shift

View on SEC.gov

Browse all earnings releases →

Compass, Inc. filing history →

Source: SEC EDGAR

accession 0001563190-23-000180

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.