Compass Q3 revenue $1.34B (-10% YoY); net loss narrows 74% to $39M; adj EBITDA turns positive $22M

Compass, Inc.

2023-Q3 EPS reported -$0.52 revenue$3,788,600,000

Revenue $1.34B, down 10% YoY; transactions down 12% to 48,134; national market share up 26bps to 4.4%.
GAAP net loss $39M vs $154M loss Q3 2022; adjusted EBITDA $22M vs -$42M.
Operating cash flow $15M; free cash flow $12M; cash $220M with no revolver drawn.
Principal agents 14,055 (+4% YoY); retention at second highest since IPO.
Q4 guidance: revenue $1.1B-$1.2B; adj EBITDA loss of -$35M to -$20M.

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 0.95

Compass, Inc. reported third quarter ended September 30, 2023 results: revenue $1.34 billion, net income $39 million net loss.

Period: third quarter ended September 30, 2023
Revenue: $1.34 billion
Net income: $39 million net loss
Result: reported results

Exact text from the filing

• Revenue decreased by 10% year-over-year to $ 1.34 billion as transactions declined 12% driven by macroeconomic factors. • Q3 2023 GAAP Net loss was $39 million, an improvement of 74% from a Net loss of $154 million in Q3 2022.

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Source: SEC EDGAR

accession 0001563190-23-000225

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