secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001563190-24-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319024000034/0001563190-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319024000034/comp-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001563190-24-000034

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