secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001563190-24-000084
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319024000084/0001563190-24-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319024000084/comp-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001563190-24-000084

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