---
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"
generated_at: "2026-06-12T04:16:25.321160+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-23-000180
- JSON: https://secwatch.observer/filing/0001563190-23-000180.json
- Plain text: https://secwatch.observer/filing/0001563190-23-000180.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000180/0001563190-23-000180-index.htm

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