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

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Earnings data Q1 2023

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Earnings data Q3 2023

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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.

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Total revenues of $1.49 billion, down 14% compared to 3Q21, driven principally by lower market volumes. Successfully launched the Compass national agent platform in all markets allowing agents to guide their customers from first contact to close in one seamless workflow platform.

Compass, Inc. Reports Third Quarter 2022 Results

With at least two to three more interest rate increases over the next several months, Compass could drop further in the near term. Being considered more of a tech firm operating in the real estate space, Compass has been punished more than traditional real estate companies over the last 18 months.

Compass May Have Reached A Bottom - Or Not

Formerly Served as Chief Financial Officer and Chief Operating Officer at Cushman Wakefield Americas NEW YORK , Oct. 28, 2022 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading tech-enabled real estate brokerage, today announced the appointment of Kalani Reelitz as Chief Financial Officer of Compass, effective November 15, 2022. As CFO, he will be responsible for all aspects of the company's financial operations, including investor relations.

Compass Names Kalani Reelitz as Chief Financial Officer

NEW YORK, Oct. 20, 2022 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced that its third quarter 2022 financial results will be released after market close on Thursday, November 10, 2022. 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 2022 Results on November 10, 2022

Rising interest rates are hardly a good environment for big real estate players; consequently, the company is retrenching.

Why Compass Stock Couldn't Find Its Way This Week

Shares of Compass Inc. rallied 2.2% in premarket trading Tuesday, after the online real estate platform said it will cut jobs as part of a cost-cutting plan. The company did not detail the number of employees that will be laid off, but said a "significant portion" will in the product and engineering team.

Compass to cut jobs, record charges of up to $26 million

VANCOUVER, BC , Sept. 14, 2022 /PRNewswire/ - RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), a technology platform for the real estate industry, is pleased to announce the addition of Joseph Schneider to the Company's Advisory Board.

RESAAS Adds Joseph Schneider to Advisory Board

The real estate brokerage sees stiff headwinds forming in the second half of the year.

Why Compass Stock Gave Up 25% In August

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Compass has cratered to near all-time lows after it got hit by the housing market slowdown. Compass' issues are not company-specific, and in spite of steep revenue deceleration, the company managed to retain profitability on an adjusted EBITDA basis.

Compass: Buy While The Market Is Looking The Other Way

Source: Tada Images / Shutterstock.com Real estate brokerage company Compass (NYSE: COMP ) fell 5% on Tuesday after a disappointing earnings call. For some economists, this is the long-awaited sign of an impending housing market crash.

COMP Stock: Did Compass Just Signal a Housing Market Crash?

Shares of the real estate brokerage tumbled on a disappointing earnings report.

Why Compass Stock Was Sliding Today

Compass Inc. (NYSE:COMP ) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Richard Simonelli - Head of IR Robert Reffkin - CEO Greg Hart - COO Kristen Ankerbrandt - CFO Conference Call Participants Matthew Bouley - Barclays Brian Nowak - Morgan Stanley Jason Helfstein - Oppenheimer Ryan McKeveny - Zelman & Associates Justin Ages - Berenberg Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.

Compass Inc. (COMP) CEO Robert Reffkin on Q2 2022 Results - Earnings Call Transcript

Compass, Inc. (COMP) delivered earnings and revenue surprises of -23.53% and 5.40%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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

Compass Inc. shares plummeted in after-hours trading Monday, after the real-estate brokerage and tech provider slashed its annual revenue guidance and revealed plans to cut costs due to a downturn in the housing market.

Declining real-estate market leads Compass execs to cut forecast and costs; stock plunges

Revenue of $2.0 billion, up 4% year-over-year Market Share on an LTM basis increased approximately 50 bps to 4.6% compared to prior year National deployment of a significant set of new features to the Compass platform giving Compass agents an end-to-end workflow tool targeted for the end of the third quarter GAAP net loss increased from $7 million to $101 million year-over-year on higher expenses related to strategic business initiatives, non-cash stock compensation, depreciation and amortization as well as restructuring costs Company announces new cost reduction program with approximately $320 million in target run rate savings NEW YORK , Aug. 15, 2022 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading tech-enabled real estate brokerage, today announced its financial results for the quarter ending June 30, 2022. "Compass continued to grow revenue in the second quarter despite extremely challenging market conditions.

Compass, Inc. Reports Second Quarter 2022 Results

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The three major U.S. equity indexes closed mixed on Thursday. The Dow Jones industrials added 0.08% while the S&P 500 slipped by 0.07% and the Nasdaq fell 0.58%.

Earnings Previews: Compass, IonQ, Tencent Music

NEW YORK , July 28, 2022 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced that its second quarter 2022 financial results will be released after market close on Monday, August 15, 2022. The company will host a conference call and webcast to discuss its results that afternoon at 4:30 p.m.

Compass to Announce Second Quarter 2022 Results on August 15

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Williams brings extensive real estate industry expertise to the company's board of directors NEW YORK , June 29, 2022 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners.

Compass Appoints Dawanna Williams, Founder and Managing Principal of Dabar Development Partners, to Board of Directors

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Layoffs in 2022 have been rough already with several companies cutting their workforces just this week as the economy gets worse. The post Layoffs 2022: 7 Companies Making Major Job Cuts This Week appeared first on InvestorPlace.

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Mortgage rates are climbing, home sales are dropping and some of the nation's largest real estate companies are announcing layoffs.

Real estate job cuts: Redfin and Compass announce layoffs

Real estate firms Compass and Redfin revealed plans to conduct layoffs on Tuesday as surging mortgage rates trigger a slowdown in the once-booming housing market.

Compass, Redfin to lay off hundreds as housing market cools

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News for Compass Stock (COMP)