---
schema_version: "secwatch.filing_event.v1"
accession: "0001563190-24-000034"
form_type: "8-K"
ticker: "COMP"
cik: "0001563190"
company_name: "Compass, Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:50:24.680770+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001563190-24-000034
- form_type: 8-K
- ticker: COMP
- cik: 0001563190
- company_name: Compass, Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563190/000156319024000034/0001563190-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563190/000156319024000034/comp-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-24-000034
- JSON: https://secwatch.observer/filing/0001563190-24-000034.json
- Plain text: https://secwatch.observer/filing/0001563190-24-000034.txt

## Key facts
- Earnings Releases
  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
  source text: announced its financial results for the fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319024000034/0001563190-24-000034-index.htm

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