Compass Inc

COMP

Equity

ISIN US20464U1007 / Valor 110359131

New York Stock Exchange, Inc (2025-03-25)

USD 9.43-1.87%

Compass Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Compass Inc. is a prominent real estate brokerage firm operating across various states in the United States. The company is licensed to conduct real estate business under different names depending on the state, such as Compass in California and Compass RE in Delaware, among others. Compass Inc. leverages technology to enhance the real estate experience for both agents and clients, providing a platform that integrates data and analytics to facilitate buying, selling, and renting properties. The firm is known for its innovative approach to real estate, utilizing digital tools to streamline transactions and improve market insights. With a strong presence in major real estate markets, Compass Inc. aims to simplify the real estate process while maintaining a commitment to equal housing opportunities.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Compass Inc. reported a significant increase in revenue for the third quarter of 2024, reaching $1.5 billion. This marks an 11.7% year-over-year growth, driven by a 16.1% increase in transactions, despite a 1.9% decline in the overall residential real estate market as reported by the National Association of Realtors.

Net Loss Improvement

In Q3 2024, Compass Inc. recorded a GAAP net loss of $1.7 million, which is a substantial improvement of $37.7 million compared to the net loss of $39.4 million in Q3 2023. This improvement includes non-cash stock-based compensation expenses and depreciation and amortization costs.

Adjusted EBITDA

Compass Inc. achieved an Adjusted EBITDA of $52.0 million in the third quarter of 2024, a notable increase from $21.8 million in the same quarter of the previous year. This $30.2 million improvement highlights the company's enhanced operational efficiency and cost management.

Cash Flow and Balance Sheet

During Q3 2024, Compass Inc. generated positive operating cash flow of $37.4 million and free cash flow of $32.8 million. The company ended the quarter with a cash balance of $211.2 million, maintaining a strong financial position with no outstanding draws on its revolving credit facility.

Market Share and Agent Growth

Compass Inc. increased its quarterly market share to 4.80% in Q3 2024, up by 49 basis points from the previous year. The number of principal agents grew by 20% year-over-year, reaching 17,542, with a strong quarterly retention rate of 97.8%, reflecting the company's robust growth and agent satisfaction.

Summarized from source with an LLMView Source

Key figures

188%1Y

23.9%3Y

%5Y

Performance

67.1%1Y

87.3%3Y

81.1%5Y

Volatility