Compass Inc ( (COMP) ) has released its Q3 earnings. Here is a breakdown of the information Compass Inc presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Compass Inc., the largest residential real estate brokerage in the United States, is a tech-enabled real estate services company that provides a comprehensive platform for real estate agents to manage their business operations efficiently. The company has reported its strongest third-quarter results in history, with significant growth in revenue and operational metrics. Compass Inc. achieved a 23.6% year-over-year increase in revenue, reaching $1.85 billion, and a remarkable 102% growth in operating cash flow. The company also saw an all-time high in agent recruitment, with 851 new principal agents joining organically, and maintained a high retention rate of 97.3%. The company reported an adjusted EBITDA of $93.6 million, marking an 80% increase from the previous year, and free cash flow grew by 124% to $73.6 million. Despite a challenging housing market, Compass Inc. continues to outperform industry trends, with organic transactions growing by 7% and total transactions by 22%, significantly outpacing the market’s 2% growth. Looking ahead, Compass Inc. remains optimistic about its future performance, with expectations of continued revenue growth and positive free cash flow for the full year 2025.