secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001563190-24-000137
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Q2 2024: All-time high net income $20.7M, Adjusted EBITDA $77.4M, market share 5.13%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319024000137/0001563190-24-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319024000137/comp-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001563190-24-000137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer