---
schema_version: "secwatch.filing_event.v1"
accession: "0001563190-24-000084"
form_type: "8-K"
ticker: "COMP"
cik: "0001563190"
company_name: "Compass, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:57:41.009050+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Compass Q1 2024 revenue up 10% YoY to $1.05B; free cash flow positive for first time in Q1

## Summary
- Revenue $1.05B (+10% YoY); GAAP net loss $132.9M improved $17.5M YoY (includes $57.5M antitrust settlement).
- Adjusted EBITDA ($20.1M) improved 70% from ($67.1M); operating cash flow $8.6M, free cash flow $5.9M (first positive Q1 FCF).
- Principal agents 14,591 (+7.3% YoY); market share 4.76% (+26 bps YoY). Acquired Latter & Blum post-quarter (1,000+ agents).
- Q2 2024 guidance: revenue $1.6-1.7B, Adj. EBITDA $55-75M; FY 2024 non-GAAP OPEX $867-887M; expects positive FCF for full year.
- Transactions 38,449 (+7.1% YoY) outperforming market decline of 3.5%; GTV $40.1B (+9.6% YoY) vs market +3.6%.

## SEC filing metadata
- accession: 0001563190-24-000084
- form_type: 8-K
- ticker: COMP
- cik: 0001563190
- company_name: Compass, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563190/000156319024000084/0001563190-24-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563190/000156319024000084/comp-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-24-000084
- JSON: https://secwatch.observer/filing/0001563190-24-000084.json
- Plain text: https://secwatch.observer/filing/0001563190-24-000084.txt

## Key facts
- Earnings Releases
  Compass, Inc. reported the first quarter ended March 31, 2024 results: revenue $1.05 billion, net income $132.9 million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $1.05 billion
  - Net income: $132.9 million
  - Result: reported results
  source text: Q1 2024 was $211.2 million, an improvement of $32.1 million from Q1 2023 OPEX of $243.3 million.” Q1 2024 Highlights: • Revenue in Q1 2024 increased by 10% year-over-year to $ 1.05 billion as transactions increased 7.1%, while transactions declined by 3.5% for the entire residential real estate market in the first quarter, as reported by the National Association of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563190/000156319024000084/0001563190-24-000084-index.htm

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