Compass Q4 revenue $1.1B, net loss improves 47%; expects FY2024 free cash flow positive

Compass, Inc.

2023-FY EPS reported -$0.69 revenue$4,885,000,000

Q4 revenue $1.1B (-1% YoY); full year 2023 revenue $4.9B (-19% YoY).
GAAP net loss Q4 $83.7M (improvement of $74.4M or 47% YoY); full year net loss $321.3M (improvement of $280.2M or 47%).
Adjusted EBITDA Q4 -$23.7M (improvement of $51.6M YoY); full year -$38.9M (improvement of $171M or 81%).
Non-GAAP OPEX reduced to below 2023 midpoint goal; FY2024 guidance $855-$875M; expects free cash flow positive for FY2024.
Average principal agents up 7.7% YoY to 14,689; principal agent retention 97% in Q4.

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 the fourth quarter and full year ended December 31, 2023 results: revenue Revenue in Q4 2023 decreased by 1% year-over-year to $ 1.1 billion as transactions declined 4.9% driven by macroeconomic, net income GAAP Net loss in Q4 2023 was $83.7 million, an improvement of $74.4 million or 47% from a Net loss of $158.1 million in.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: Revenue in Q4 2023 decreased by 1% year-over-year to $ 1.1 billion as transactions declined 4.9% driven by macroeconomic
Net income: GAAP Net loss in Q4 2023 was $83.7 million, an improvement of $74.4 million or 47% from a Net loss of $158.1 million in
Result: reported results

Exact text from the filing

announced its financial results for the fourth quarter and full year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001563190-24-000034

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