secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001563190-23-000180
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000180/0001563190-23-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000180/comp-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001563190-23-000180

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