secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001563190-24-000173
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Q3 revenue $1.5B (+11.7% YoY), Adj EBITDA $52M beats high-end guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319024000173/0001563190-24-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319024000173/comp-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001563190-24-000173

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