Compass

Compass, Inc. engages in the provision of an online real estate platform. Its platform provides an integrated suite of software for customer relationship management, marketing, client service, operations and other critical functionality, as well as brokerage services and adjacent services. The company was founded by Ori Allon and Robert Reffkin in 2012 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Compass reports 2022 revenue decline, eyes cost reduction for growth

Compass navigated a challenging year in real estate with a focus on cost reduction and technology enhancements. Despite market uncertainties, the company aims for free cash flow positivity in 2023, leveraging increased buyer interest and agent productivity.

Compass beats revenue targets, eyes positive cash flow in 2023

Compass showcased strong financial performance in Q1 2023, exceeding revenue guidance and improving EBITDA despite market challenges.
Strategic strengths include market share gains, cost efficiency improvements, and a focus on agent technology and culture.
Challenges lie in transaction volume decline, managing operating expenses, and navigating market recovery speed variables.
Opportunities for growth stem from market expansion, technology utilization, and maintaining cost discipline for sustained financial success.

Compass reports strong Q2 earnings, eyes cost control for growth

Compass's Q2 earnings call highlighted robust financial performance, strategic investments in technology, and a focus on agent support. Despite industry challenges, the company maintains a strong financial position and competitive edge through AI tools and global expansion. Cost control and market recovery are key focuses for future growth.

Compass reports strong Q3 performance amidst market challenges and opportunities

Compass reported strong financial performance in Q3, emphasizing cost control measures, technology enhancements, and market positioning. Despite challenges in margins and market conditions, the company remains confident in its current cost base and technology investments for future success.

Compass reports solid Q4 performance, eyes market growth in 2024

Compass showcased resilience in cost management and talent acquisition, outperforming in agent economics and market share growth.
Despite challenges in profitability, the company's focus on operational efficiencies and technology enhancements positions it for future success.
Opportunities lie in continued market outperformance, expansion of services, and strategic positioning for growth in 2024.

Compass reports robust Q1 results, eyes growth amid market challenges

Compass demonstrated financial strength and growth momentum in Q1 2024, despite market challenges.
Strategic initiatives and confidence in agents position Compass for future success and market leadership.
Focus on innovation, client experience, and operational efficiency to drive profitability and value creation.
Adaptation to industry changes and leveraging opportunities to strengthen market position and revenue growth.

Compass achieves record earnings, eyes growth amid operational optimizations

Compass reports stellar Q2 2024 performance with record income and revenue growth. Strategic focus on market share, cost efficiency, and agent economics. Challenges ahead with seasonal cash flow impacts and structural adjustments.

Compass reports stellar Q3 results, eyes market dominance by 2026

Compass's Q3 performance reflects robust growth, operational efficiency gains, and a clear strategic vision for future expansion.
The company's strengths lie in its resilience, market outperformance, and focus on long-term margin expansion strategies.
Challenges include sustaining growth rates, navigating market uncertainties, and balancing operational efficiency with growth ambitions.
Opportunities exist in leveraging structural advantages, pursuing strategic partnerships, and executing on the 30 for 30 vision for market dominance.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Opendoor

Redfin

Real estate stocks stand to benefit if the Fed is done raising rates. Existing home sales have been crushed by rising mortgage rates.

Why Opendoor, Redfin, and Compass Stocks All Jumped Today

Offerpad Solutions

US mortgage rates are soaring as investors predict that the Federal Reserve will continue hiking rates for longer. They jumped to 8% on Thursday for the first time in 23 years.

US mortgage rates hit 8%: Is it safe to buy RDFN, COMP, OPAD, OPEN stocks dip?

NEW YORK , Oct. 17, 2023 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), the largest residential real estate brokerage in the United States by transaction volume1, today announced its third quarter 2023 financial results will be released after market close on Monday, November 6, 2023. The company will host a conference call and webcast to discuss its results that afternoon at 5:00 p.m.

Compass to Announce Third Quarter 2023 Results on Monday, November 6

Compass has a positive competitive standing and strong brand reputation, but there are risks to the agent commission model and uncertainty in expanding related services. Q2 earnings saw a decline, and the company expects a decline in market volumes for the fiscal year. COMP is focused on managing operating expenses and investing in research and development, but the stock may experience a negative reaction if earnings fall short of expectations.

Compass: Assessing The Road Ahead

Innovative Industrial Properties

Economic data releases convinced investors that inflation was cooling and that monetary policy would ease. Innovative Industrial Properties gained on signs that marijuana could be reclassified at the federal level.

Why Opendoor, Innovative Industrial Properties, and Compass Stocks Jumped This Week

Advanced Micro Devices

Global X Dow 30 Covered Call ETF

NVIDIA

iShares PHLX Semiconductor ETF

It's time to start buying the August stock-market weakness. But keep some purchasing power on hand to take advantage of weaker prices ahead.

4 reasons to start buying the August stock-market weakness — and what to buy

Compass continued to experience declining revenue even as the bottom line improved. The company hit its goal of positive free cash flow.

Why Compass Stock Was Diving Today

Compass, Inc. (NYSE:COMP ) Q2 2023 Earnings Conference Call August 7, 2023 5:00 PM ET Company Participants Richard Simonelli - Vice President of Investor Relations Robert Reffkin - Founder and Chief Executive Officer Greg Hart - Chief Operating Officer Kalani Reelitz - Chief Financial Officer Conference Call Participants Bernie McTernan - Needham Soham Bhonsle - BTIG Jason Helfstein - Oppenheimer Matthew Bouley - Barclays Matthew Cost - Morgan Stanley Ryan McKeveny - Zelman Mike Ng - Goldman Sachs Lloyd Walmsley - UBS Operator Good day, everyone, and welcome to the Compass Second Quarter 2023 Earnings Call. I would now like to turn the conference over to Richard Simonelli, VP of Investor Relations.

Compass, Inc. (COMP) Q2 2023 Earnings Call Transcript

Compass, Inc. (COMP) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.21 per share a year ago.

Compass, Inc. (COMP) Reports Q2 Loss, Misses Revenue Estimates

Achieves Positive Free Cash Flow In Second Quarter NEW YORK , Aug. 7, 2023 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest residential real estate brokerage in the United States by transaction volume1, announced its financial results for the second quarter ended June 30, 2023.  "I am pleased to say we are free cash flow positive in the second quarter of 2023," said Robert Reffkin, Founder and Chief Executive Officer of Compass.

Compass, Inc. Reports Second Quarter 2023 Results

bluebird bio

CommScope Hld

Fisker Inc

Transocean

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

Top EV Maker Highlights 5 ‘Strong Buy' Stocks Under $10 With Huge Upside Potential

NEW YORK , July 19, 2023 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced its second quarter 2023 financial results will be released after market close on Monday, August 7, 2023. The company will host a conference call and webcast to discuss its results that afternoon at 5:00 p.m.

Compass to Announce Second Quarter 2023 Results on August 7

Culp

SurgePays

Penny stocks were the talk of the town back in 2021, especially those in the technology and biotech sectors. However, so far in 2023, most penny stocks have remained dormant with barely any price action to the upside.

3 Penny Stocks That Will Skyrocket Before 2025

Zillow

Experts say that homebuyers are starting to get used to the 7% mortgage rate. Analysts at Piper Sandler upgraded Zillow this morning.

Why Shares of Zillow, Redfin, and Compass Are Rising Today

While reading the latest "Washingtonian," it is hard not to notice the significant number of high-performing sales agents from Compass Inc. ( COMP , Financial). The company primarily focuses on residential properties, specializing in high-margin, luxury homes in upscale markets.

Compass: Real Estate Powerhouse at a Bargain Price

SmartRent

New home sales jumped in May, and home prices rose for the third straight month in April. Real estate stocks like Offerpad, Compass, and SmartRent -- which are highly exposed to the health of the real estate market -- jumped.

Why Real Estate Stocks Popped This Week

The housing market will see a flood of inventory once mortgage rates hit 5%, according to Compass CEO Robert Reffkin. Inventory is tight now as 70% of homeowners are locked into mortgage rates below 4%, leaving many hesitant to sell.

A flood of housing inventory will hit the market once mortgage rates hit this key level, Compass CEO says

I maintain a hold rating on Compass until the residential real estate market recovers, as the timing of the upturn remains uncertain. COMP's management is focusing on cost-cutting measures and achieving the OPEX target for FY23, which should yield long-term margin improvements post this upcycle. There is a bullish scenario where COMP could generate substantial revenue and EBITDA in a normalized market, supported by market recovery, OPEX restructuring, margin enhancement initiatives, and new service offerings.

Compass: Potential Upside Is Attractive But Needs A Lot Of Work

Compass shares gained 47% for the week as the company said it expanded national market share and would be free cash-flow positive starting in the second quarter

Compass residential brokerage gained 47% for the week as it reported expanded market share

Shares of Compass surged more than 30% after the company reported much better-than-feared Q1 results. Though revenue declined -31% y/y, Compass gained market share sequentially relative to Q4.

Compass: This Rebound Has Steam

NEW YORK , May 11, 2023 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest1 tech-enabled real estate brokerage, is pleased to announce the participation of CEO & Founder Robert Reffkin at the 18th Annual Needham Technology & Media Conference. The event will take place on May 16, 2023, at the Intercontinental New York Times Square, providing an invaluable platform for engaging with industry leaders, investors, and stakeholders.

Compass CEO Robert Reffkin to Present at the 18th Annual Needham Technology & Media Conference

Compass is still feeling the impact of the housing slowdown, but revenue beat estimates. It expects positive free cash flow for the second quarter and the full year.

Why Compass Stock Surged Today

Compass, Inc. (NYSE:COMP ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Richard Simonelli - VP-IR Greg Hart - COO Robert Reffkin - Founder and CEO Kalani Reelitz - CFO Conference Call Participants Jason Helfstein - Oppenheimer & Company Bernie McTernan - Needham and Company Matthew Bouley - Barclays Ryan McKechnie - Zelman Associates Lloyd Walmsley - UBS Operator Good afternoon, my name is Rob and I'll be your conference operator today. At this time, I would like to welcome everyone to the Compass Inc. First Quarter 2023 Earnings Conference Call.

Compass, Inc. (COMP) Q1 2023 Earnings Call Transcript

NEW YORK , May 9, 2023 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest1 tech-enabled real estate brokerage, announced its financial results for the first quarter ended March 31, 2023. "We had a strong first quarter of 2023 that was highlighted by exceeding both our guidance and consensus on Revenue and Adjusted EBITDA," said Robert Reffkin, Founder and Chief Executive Officer of Compass.

News for Compass Stock (COMP)