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Jun 30, 2024
Compass Q2 2024 Earnings Report
Reported all-time high net income, all-time high Adjusted EBITDA, and generated positive free cash flow.
Key Takeaways
Compass, Inc. reported strong second quarter 2024 results, including an all-time high net income of $20.7 million and an all-time high Adjusted EBITDA of $77.4 million. The company also achieved positive free cash flow for 4 of the last 5 quarters and increased quarterly market share to 5.13%. Revenue grew 14% year-over-year.
Achieved all-time high net income of $20.7 million.
Attained all-time high Adjusted EBITDA of $77.4 million.
Generated positive free cash flow for the quarter, making the Company free cash flow positive in 4 of the last 5 quarters.
Increased quarterly market share to 5.13%.
Compass
Compass
Forward Guidance
Compass provided the following outlook for Q3 2024:
Positive Outlook
- Revenue of $1.425 billion to $1.525 billion
- Adjusted EBITDA of $30 million to $50 million
- Non-GAAP OPEX of $876 million to $896 million for full year 2024
- Expects to be free cash flow positive for full year 2024