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Dec 31, 2021
Compass Q4 2021 Earnings Report
Compass's Q4 2021 results were released, showcasing a 31% increase in revenue year-over-year and a 20% increase in transactions.
Key Takeaways
Compass, Inc. reported a 31% increase in revenue for Q4 2021, reaching $1.6 billion. The company's net loss for the quarter was $175 million.
Revenue for the fourth quarter 2021 was $1.6 billion, an increase of 31% year-over-year.
Compass agents closed a fourth quarter record 56,912 Total Transactions, up 20% year-over-year.
Net loss was $175 million for the fourth quarter.
Average Number of Principal Agents was 12,176, an increase of 560 from 3Q21.
Compass
Compass
Forward Guidance
Compass provided revenue and Adjusted EBITDA guidance for FY2022 and Q1 2022 and financial targets for 2025.
Positive Outlook
- FY2022 Revenue of $7.9 billion to $8.1 billion
- FY2022 Adjusted EBITDA of at least $40 million
- 1Q22 Revenue expected to be 16.25% - 16.75% of FY2022 Outlook
- 2025 Adjusted EBITDA Margin of 10% and minimum Adjusted EBITDA of $1.2 billion
- 2025 Free Cash Flow Margin of at least 8-9%
Challenges Ahead
- 1Q22 Adjusted EBITDA of $(100) million to $(110) million