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 Q1 2024

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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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NEW YORK, May 12, 2021 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading real estate technology company, today announced financial results for the first quarter ending March 31, 2021. The company delivered strong revenue growth and improving Adjusted EBITDA as agents increasingly utilized Compass' proprietary platform to better serve their clients and grow their businesses.

Compass Reports 80% Revenue Growth in First Quarter as a Public Company

Shares of Compass have shed ~20% of their market value since going public at $18 per share. The company benefits from a better national reputation than Redfin as a white-glove, full-service.

Compass: A Much Better Real Estate Play Than Redfin

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NEW YORK, April 30, 2021 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading real estate technology company, will announce financial results for the first quarter 2021 following the market close on Wednesday May 12, 2021, as previously announced. Management will conduct a conference call to discuss the first quarter results and outlook for 2021 at 4:30 p.m.

Compass Announces Details for Previously Announced 2021 Q1 Earnings Conference Call

NEW YORK, April 29, 2021 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) today announced its expansion to North Carolina, with 55 agents joining in the Raleigh-Durham area. Together, these agents represent more than $420 million in 2020 sales volume.

Compass Expands To North Carolina

More than three weeks have passed since the New York City-based real estate brokerage Compass Inc (NYSE: COMP) started publicly trading, and three leading analysts are initiating coverage of the stock.  Here's what analysts from Goldman Sachs, Needham and Morgan Stanley have to say about Compass.

Why These 3 Compass Stock Analysts Are Bullish

NEW YORK, April 26, 2021 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) has entered a definitive agreement to acquire Glide Labs, Inc., a real estate transaction management platform company. Used by more than 60,000 real estate professionals across California, Glide provides agents with critical transaction management tools such as offer and transaction management, digitization of key forms, eSignature and digital disclosures.

Compass Agrees to Acquire Real Estate Transaction-Management Platform Glide

NEW YORK, April 8, 2021 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) today announced its expansion to Delaware, with more than 60 locally-renowned agents joining the firm from across the state. Together, these agents and their teams represent more than $260 million in 2020 sales volume.

Compass Announces Its Expansion To Delaware

Investing in IPOs can be risky, but this tech company has a big market opportunity.

Is Compass Stock a Buy After Its IPO?

NEW YORK, April 5, 2021 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) today announced that the company's first quarter 2021 financial results will be released after the market close on Wednesday, May 12, 2021. The results will be available on the Investor Relations section of the company's website at: investors.compass.com.

Compass to Announce First Quarter 2021 Results

Compass is an innovative real estate platform which has seen significant growth. The company has seen solid growth and recently some operating leverage as well, both encouraging signs.

Compass - Looking To Transform Real Estate

Riding the tailwinds of months of red hot housing and IPO markets, real estate firm Compass made its debut on the New York Stock Exchange Thursday.

Compass CEO plans to double down on tech investment following NYSE debut

While several tech companies are opting to delay their IPOs in the face of less-than-enthusiastic market demand for their shares, real estate tech company Compass forged ahead and went public today. After pricing its shares at $18 apiece last night, the low end of a lowered IPO price range, Compass shares closed the day up just […]

Compass CEO hails IPO as a fundraising event amid ‘challenging' market

“She didn't give up. She became an agent.

Compass IPO day: CEO Robert Reffkin on how his mom inspired him to launch the real estate unicorn

The real-estate brokerage's stock closed at $20.15, which was 11.9% above the IPO price of $18.

Compass CEO Robert Reffkin: COVID created a ‘permanent shift' in real-estate demand

Shares of SoftBank-backed Compass jumped 18 percent in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced initial public offering price range. The stock opened at $21.25, above the IPO price of $18 per share.

SoftBank-backed real estate giant Compass valued at $8.2B in NYSE debut

Today, shares of COMP stock are soaring following the company's highly anticipated initial public offering as investors jump aboard. The post COMP Stock IPO: 9 Things to Know as Compass Starts Trading Today appeared first on InvestorPlace.

COMP Stock IPO: 9 Things to Know as Compass Starts Trading Today

Residential brokerage Compass' shares soared 18% in their trading debut Thursday, after the company's initial public offering priced at $18, the low end of an already reduced range. Compass had cut its price range to an $18-$19 range from $23 to $26, and cut the number of shares on offer to 25 million from 36 million.

Compass shares soar 18% in trading debut

Compass stock surged as much as 22% on Thursday in its public debut. The strong first-day performance comes after the online real estate brokerage's downsized IPO raised just $450 million, less than half of its initial target.

Online real estate brokerage Compass surges as much as 22% in public debut (COMP)

Real estate technology startup Compass scaled back its initial public offering (IPO), raising $450 million, about 50 percent less than anticipated. Compass priced its 25 million shares at $18 each on Wednesday (March 31), Financial Times reported.

Real Estate Startup Compass Raises $450 Million In Downsized IPO

Taken together, the various market signs could point to a modest-to-moderate cooling in the IPO market. For a host of companies looking to debut via a SPAC, that could prove to be bad news.

As Compass downsizes its IPO, signs of weakness appear for high-growth companies

Compass slashed its IPO price range from $23-$26 to $18-$19 and cut its initial stock offering from 36 million to 25 million shares ahead of its long-awaited public debut on Thursday, according to SEC filings. The new pricing suggests the SoftBank-backed residential brokerage firm will be valued at around $7 billion after its IPO, a drop from the $10 billion expected from the previous stock valuation. Compass is the latest firm to face a rocky path to its public debut. Earlier this week, Amazon-backed Deliveroo priced its shares at the bottom of its range, and then tumbled 30%  during its first day of trading in London on Wednesday.

Compass cuts IPO price range and downsizes deal ahead of public debut

Compass (COMP) is preparing for its IPO and is providing extra details on what early investors in COMP stock can expect from it. The post Compass IPO: 17 Things for Potential COMP Investors to Know About the Real Estate Platform appeared first on InvestorPlace.

Compass IPO: 17 Things for Potential COMP Investors to Know About the Real Estate Platform

Compass fails to generate any profits, and with minimal ability to cut costs, it's hard to make a straight-faced argument that the firm can justify a ~$10 billion valuation.

News for Compass Stock (COMP)