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Compass Inc
F:91D

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Compass Inc
F:91D
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Price: 7.318 EUR 0.3% Market Closed
Market Cap: €3.5B

Compass Inc
Investor Relations

Compass is a residential real estate brokerage that helps people buy and sell homes, mostly in higher-end urban and suburban markets. It combines traditional agent services with software tools that help agents market listings, manage clients, and run transactions more efficiently. Its customers are homebuyers, home sellers, and the real estate agents who work under the Compass brand. The company makes money mainly from commissions tied to home sales. When a Compass agent closes a deal, the brokerage earns a share of the transaction value. It also earns revenue from related services that support the buying and selling process, such as title and escrow in some markets, but the core business is still real estate brokerage. Compass is different from a pure online listing site because it sits in the middle of the actual transaction and depends on human agents, local market relationships, and deal execution. Its software is meant to help those agents win listings and close sales more smoothly, rather than replace them. That makes Compass a mix of technology tools and local brokerage services in a business where trust, access to clients, and transaction handling matter most.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 5, 2026
AI Summary
Q1 2026

Strong quarter: Compass reported pro forma revenue of $2.76 billion, up 7% year over year, and adjusted EBITDA of $61 million, both above the midpoint or high end of guidance.

Synergies raised: Management increased its cost synergy targets to $300 million by year-end 1 and $500 million over 3 years, up from $250 million and $400 million previously.

Early integration wins: The company said it had already actioned over $250 million of synergies as of April 1, only 82 days after closing the Anywhere transaction.

Q2 outlook: Compass guided Q2 revenue to $4 billion to $4.2 billion and adjusted EBITDA to $310 million to $350 million.

Cash flow path: Q1 free cash flow was negative because of integration and transaction costs, but management expects positive free cash flow for the rest of 2026 and plans to use cash to delever.

AI and platform push: The company said AI is already reducing costs and boosting productivity, and it is rolling out Compass technology across Anywhere agents over the coming months.

Seller choice focus: Management continued to emphasize phased marketing and seller choice, saying the strategy is helping recruiting, listing wins and traffic to compass.com.

Key Financials
Pro forma revenue
$2.76 billion
Adjusted EBITDA
$61 million
Revenue
$2.7 billion
Brokerage segment revenue
$2.467 billion
Brokerage segment GTV
$97.3 billion
Pro forma transactions
up 2.6% year over year
Pro forma total agent adds
3,503
Brokerage agent retention
94%
Franchise GTV
up 4.6% year over year
Integrated services revenue
up 11% year over year
Refi transactions
up 100% year over year
Purchase transactions
up 4% year over year
Pro forma revenue contribution from Anywhere
about $1.2 billion
Operating expenses
$641 million
Transaction and integration expenses
$183 million
Depreciation and amortization
$163 million
Stock-based compensation expense
$47 million
Deferred tax benefit
$401 million
Net income
$22 million
Free cash flow
negative $168 million
Cash on balance sheet
$484 million
Net leverage ratio covenant
no outstanding borrowings on $500 million revolver
Cost synergies actioned
over $250 million
2026 realized cost synergies
about $200 million
P&L synergy realization in 2026
about $130 million
CapEx synergy realization in 2026
about $70 million
Q2 weighted average share count
755 million to 760 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Robert L. Reffkin
Founder, Chairman & CEO
No Bio Available
Mr. Bradley K. Serwin Esq.
General Counsel & Corporate Secretary
No Bio Available
Mr. Ori Allon
Co-Founder & Chief Strategist
No Bio Available
Scott R. Wahlers
Chief Accounting Officer
No Bio Available
Mr. Soham Jairaj Bhonsle C.F.A.
Head of Investor Relations
No Bio Available
Mr. Rory Golod
President of Growth & Communications
No Bio Available
Jason Pashia
Managing Director of Missouri & Kansas
No Bio Available

Contacts

Address
NEW YORK
New York City
155 Avenue Of The Americas, Sixth Floor
Contacts
+19178415555.0
www.compass.com
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