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COMP

Compass, Inc.

COMP

Compass, Inc. • NYSE
$10.42 ▲ 0.00% (+0.00)
Market Cap $5.70 B
52w High $11.03
52w Low $5.10
Dividend Yield 0%
P/E -94.73
Volume 3.37M
Outstanding Shares 546.95M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.846B ▼ $201.3M ▼ $-4.6M ▼ -0.249% ▼ $-0.008 ▼ $24.9M ▼
Q2-2025 $2.06B ▲ $334.5M ▲ $39.4M ▲ 1.913% ▲ $0.07 ▲ $69.9M ▲
Q1-2025 $1.356B ▼ $303.8M ▲ $-50.7M ▼ -3.738% ▼ $-0.09 ▼ $-23.9M ▼
Q4-2024 $1.38B ▼ $281.7M ▲ $-40.5M ▼ -2.934% ▼ $-0.08 ▼ $-18.8M ▼
Q3-2024 $1.494B $185.3M $-1.7M -0.114% $-0.003 $19.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $170.3M ▼ $1.554B ▼ $775.1M ▼ $773.3M ▲
Q2-2025 $177.3M ▲ $1.596B ▲ $870.7M ▼ $719.9M ▲
Q1-2025 $127M ▼ $1.543B ▲ $904.7M ▲ $635M ▲
Q4-2024 $223.8M ▲ $1.178B ▼ $765.6M ▼ $409.4M ▼
Q3-2024 $211.2M $1.2B $768.7M $428M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.6M ▼ $75.5M ▲ $-9.9M ▲ $-72.6M ▼ $-7M ▼ $73.6M ▲
Q2-2025 $39.2M ▲ $72.8M ▲ $-17.4M ▲ $-5.1M ▼ $50.3M ▲ $68M ▲
Q1-2025 $-50.8M ▼ $23.1M ▼ $-164.5M ▼ $44.6M ▲ $-96.8M ▼ $19.5M ▼
Q4-2024 $-40.5M ▼ $30.5M ▼ $-3.8M ▲ $-14.1M ▼ $12.6M ▼ $26.7M ▼
Q3-2024 $-1.9M $37.4M $-6.3M $-5.7M $25.4M $32.8M

Five-Year Company Overview

Income Statement

Income Statement Compass has grown into a sizable business, with revenue that expanded rapidly around its listing, dipped during the housing slowdown, and then returned to growth more recently. Profitability remains the main challenge: gross profit is positive but margins are fairly thin for a software-labeled company, reflecting its brokerage economics. Operating and net results have been negative every year, but losses have narrowed meaningfully over the last couple of years. This points to better cost control and efficiency, yet the business is still in a transition phase from growth-at-all-costs toward more disciplined, profit-focused operations.

Balance Sheet

Balance Sheet The balance sheet shows a company that has used up some of the financial cushion it had shortly after going public but is not overly stretched. Total assets and cash are lower than at the peak, reflecting past losses and investment, while debt is moderate and has edged down from earlier highs. Equity has been eroded by cumulative losses, so there is less buffer than a few years ago, but the structure does not look extreme. Overall, Compass has some financial flexibility, though not unlimited room for prolonged heavy losses.

Cash Flow

Cash Flow Cash flow trends are more encouraging than the income statement alone. The company spent several years burning cash as it built its platform and expanded its agent network, but operating cash flow and free cash flow have recently turned positive. Capital spending is modest, so most cash movement comes from running the core business rather than large investments in physical assets. The key question is whether this positive cash generation is sustainable through real estate cycles or mainly reflects temporary cost-cutting and a favorable period in the housing market.

Competitive Edge

Competitive Edge Compass is trying to sit between traditional brokerages and pure online players by offering a tech-heavy, agent-centric model. Its proprietary platform, strong brand in higher-end markets, and concentration of top-producing agents give it real advantages, especially via network effects as more agents and transactions feed better data and tools. At the same time, it operates in a fragmented, highly competitive industry with cyclical demand, facing pressure from established incumbents, discount models, and portals. Execution on the Anywhere Real Estate merger, agent retention, and brand strength across different price points will be key to how durable its position becomes.

Innovation and R&D

Innovation and R&D The company’s story is built on years of heavy investment in technology rather than traditional bricks-and-mortar. Its integrated platform, AI-powered tools, and client-facing Compass One experience are designed to streamline the entire transaction for agents and consumers. Compass continues to push into data, analytics, and adjacent services like title and mortgage, aiming to capture more value from each transaction. The strategic risk is that innovation has been expensive and must now translate into clearly higher agent productivity, better client retention, and improved margins, not just a compelling product story.

Summary

Compass looks like a business maturing out of an investment-heavy, loss-making phase into one that is closer to self-sustaining, but still not firmly profitable. Revenue has stabilized and returned to growth, losses are shrinking, and cash flow has improved, while the balance sheet remains acceptable but no longer flush. Its differentiated platform and agent-focused approach give it a credible competitive edge, especially if AI and integrated services deepen that moat. The main uncertainties are the sensitivity to housing market cycles, the integration of large strategic moves like the Anywhere Real Estate merger, and the company’s ability to lock in a period of sustained profitability after years of heavy spending.

NEWS

November 14, 2025 · 10:00 AM UTC

Christie's International Real Estate Expands into Portland, Ore. Behind Top-Producing Local Agents

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November 12, 2025 · 10:00 AM UTC

Sikich and KASE Insurex Debut MGA Compass to Guide Managing General Agents in Launching and Scaling Insurance Business

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November 4, 2025 · 7:00 AM UTC

Compass, Inc. Reports Record Third Quarter 2025 Results

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October 16, 2025 · 7:00 AM UTC

Compass to Announce Third Quarter 2025 Results Before Market Open on November 4

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October 6, 2025 · 3:00 AM UTC

Christie's International Real Estate Expands Footprint in Italy, Partnering with Luxury Brokerage Talamona Real Estate

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