secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001563190-25-000192
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Q3 revenue up 23.6% to $1.85B; record Adj EBITDA $93.6M; 851 agents added
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- Revenue $1.85B (+23.6% YoY), at high-end of guidance; GAAP net loss $4.6M (incl $7.5M merger expenses).
- Adjusted EBITDA $93.6M, +80% YoY; Free cash flow $73.6M, +124% YoY; operating cash flow $75.5M, +102%.
- Record 851 principal agents added organically; total principal agents 21,550 (+22.8% YoY); retention 97.3%.
- Market share 5.63% (+83 bps YoY); Organic transactions +6.6% vs market +2%; GTV $70.7B (+22.5%).
- Q4 outlook: revenue $1.59B-$1.69B; Adj EBITDA $35M-$49M; full-year non-GAAP OPEX guidance lowered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319025000192/0001563190-25-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319025000192/comp-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001563190-25-000192

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