{"schema_version":"secwatch.filing_event.v1","accession":"0001563190-23-000180","form_type":"8-K","ticker":"COMP","cik":"0001563190","company_name":"Compass, Inc.","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.336113+00:00","generated_at":"2026-06-12T04:16:25.321160+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Compass Q2 revenue $1.5B (-26% YoY), turns free cash flow positive at $51M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001563190-23-000180","json":"https://secwatch.observer/filing/0001563190-23-000180.json","markdown":"https://secwatch.observer/filing/0001563190-23-000180.md","text":"https://secwatch.observer/filing/0001563190-23-000180.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1563190/000156319023000180/0001563190-23-000180-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1563190/000156319023000180/comp-20230807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T04:16:25.321160+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":"9259443092d4af22f7f7bb54bb2a76202c1faa84","claim":"Compass, Inc. reported second quarter ended June 30, 2023 results: revenue $1.5 billion, net income $48 million net loss. Guidance initiated.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1563190/000156319023000180/0001563190-23-000180-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$1.5 billion"},{"label":"Net income","value":"$48 million net loss"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}