10-K · February 27, 2026
Compass completed the Anywhere merger (closed Jan 9, 2026) and expanded to a global footprint (presence in every major U.S. city and ~120 countries), growing scale to a combined network of more than 340,000 real estate…
Earnings analysis · 10-Q
COMP earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Compass, Inc. reported a strong Q1 2026, achieving $2.70 billion in revenue, marking a substantial 99.4% increase year-over-year driven by its merger with Anywhere Real Estate. Although the company incurred a net loss…
Read full summary
Compass, Inc. reported a strong Q1 2026, achieving $2.70 billion in revenue, marking a substantial 99.4% increase year-over-year driven by its merger with Anywhere Real Estate. Although the company incurred a net loss of $22 million, it remains optimistic about operational synergies and revenue growth moving forward, projecting Q2 2026 revenues between $4.0 billion and $4.2 billion.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.234
- Segment
- Brokerage
- Segment
- Franchise
- Segment
- Integrated Services
What stood out
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Significant Revenue Growth
Revenue increased to $2.70 billion, up 99.4% from $1.36 billion year-over-year.
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EPS Shows Improvement
Reported an EPS loss of $0.23, a decline from a loss of $0.05 in the prior period.
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Strong Segment Performance
Brokerage revenue rose by 85.8% to $2.47 billion, bolstered by transaction count growth.
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Increased Cash Reserves
Cash and cash equivalents at $484 million, providing a strong liquidity position.
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Cost Synergies Target Increased
Management raised cost synergy target from $250 million to $300 million following the merger.
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Free Cash Flow Recovery
Free cash flow rose to $61 million compared to $16 million in the same period last year.
What to watch
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High Merger Costs
Incurred $183 million in merger-related expenses in Q1 2026, which may affect future profitability.
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Negative Operating Cash Flow
Reported negative operating cash flow of $157 million in Q1 2026.
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Increased Debt Load
Debt increased significantly due to the merger, with total obligations totaling approximately $3.63 billion.
Management's outlook
Management anticipates Q2 2026 revenue to be between $4.0 billion to $4.2 billion.
Earlier filings 4
10-Q · May 9, 2025
Compass reported Q1 2025 revenue of $1,356.2 million (up from $1,054.1 million in Q1 2024) and a net loss per share of $(0.09) compared with $(0.27) a year earlier. Operating loss narrowed to $(53.7) million and…
10-Q · November 1, 2024
Compass, Inc. reported revenue of $1,494.0 million for Q3 2024, a 11.7% increase from $1,337.4 million in Q3 2023. However, the company recorded a net loss of $1.7 million, with EPS reported at $0.00, reflecting…
10-Q · August 2, 2024
Compass reported revenue of $1,700.6 million for the quarter ended June 30, 2024, up from $1,494.0 million a year ago, and delivered positive operating income of $21.3 million and net income of $20.8 million (EPS…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.