secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001563190-23-000225
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000225/0001563190-23-000225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319023000225/comp-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001563190-23-000225

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