earnings
confidence high
sentiment positive
materiality 0.85
Compass Q3 revenue $1.5B (+11.7% YoY), Adj EBITDA $52M beats high-end guidance
Compass, Inc.
2024-Q3 EPS reported
-$0.23
revenue$4,248,700,000
- Revenue $1.5B (+11.7% YoY); GAAP net loss improved to $1.7M from $39.4M loss.
- Adjusted EBITDA $52.0M vs $21.8M YoY, exceeding high-end of guidance.
- Transactions rose 16.1% YoY vs market decline of 1.9%; market share up 49 bps to 4.80%.
- Operating cash flow $37.4M; free cash flow $32.8M; cash balance $211.2M with no revolver draws.
- Full year 2024 guidance: revenue $5.47B-$5.57B, Adj EBITDA $109M-$119M, free cash flow positive.