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Mar 31, 2022
Compass Q1 2022 Earnings Report
Reported record Q1 revenue and expanded national LTM market share.
Key Takeaways
Compass, Inc. reported a record first quarter revenue of $1.4 billion, up 25% year-over-year. The company's market share increased to 6.1% in 1Q22. Net loss attributable to Compass was $188 million, and Adjusted EBITDA loss was $97 million.
Revenue increased by 25% year-over-year to $1.4 billion.
Market share increased to 6.1% in 1Q22, up from 5.2% in 1Q21.
Average Number of Principal Agents was 12,574, an increase of 398 from 4Q21.
Compass agents closed 47,367 Total Transactions, up 18% year-over-year.
Compass
Compass
Forward Guidance
Compass expects 2Q22 Revenue to be $2.0 billion - $2.2 billion and Adjusted EBITDA of $0 to $40 million. FY22 Revenue is expected to be $7.6 billion to $8.0 billion and Adjusted EBITDA of at least breakeven.
Positive Outlook
- 2Q22 Revenue expected to be $2.0 billion - $2.2 billion
- 2Q22 Adjusted EBITDA of $0 to $40 million
- FY22 Revenue of $7.6 billion to $8.0 billion
- FY22 Adjusted EBITDA of at least breakeven
- FY25 Adjusted EBITDA Margin of 10% and minimum Adjusted EBITDA of $1.2 billion