---
schema_version: "secwatch.filing_event.v1"
accession: "0001563190-23-000225"
form_type: "8-K"
ticker: "COMP"
cik: "0001563190"
company_name: "Compass, Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T20:30:09.995474+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001563190-23-000225
- form_type: 8-K
- ticker: COMP
- cik: 0001563190
- company_name: Compass, Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000225/0001563190-23-000225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000225/comp-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-23-000225
- JSON: https://secwatch.observer/filing/0001563190-23-000225.json
- Plain text: https://secwatch.observer/filing/0001563190-23-000225.txt

## Key facts
- Earnings Releases
  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
  source text: • 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319023000225/0001563190-23-000225-index.htm

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