earnings
confidence high
sentiment positive
materiality 0.75
Compass Q2 2024: All-time high net income $20.7M, Adjusted EBITDA $77.4M, market share 5.13%
Compass, Inc.
2024-Q2 EPS reported
-$0.23
revenue$2,754,700,000
- Revenue $1.7B (+14% YoY); transactions up 11.4% vs market decline of 3.3%.
- GAAP net income $20.7M vs loss $47.8M YoY; Adj EBITDA $77.4M vs $30.1M YoY.
- Free cash flow $40.4M (4th positive in 5 quarters); cash $185.8M, no revolver draw.
- Added 2,375 principal agents from acquisitions (Latter & Blum, Parks Real Estate) and 543 organic.
- Q3 guidance: revenue $1.425B-$1.525B, Adj EBITDA $30M-$50M; FY OPEX guidance raised.