Compass
🇺🇸 NYSE:COMP
•
Dec 31, 2024
Compass Q4 2024 Earnings Report
Compass reported strong revenue growth and improved market share in Q4 2024.
Key Takeaways
Compass, Inc. saw a 25.9% YoY revenue growth in Q4 2024, reaching $1.38 billion. The company reduced its net loss to $40.5 million, improved Adjusted EBITDA to $16.7 million, and generated $30.5 million in operating cash flow. Market share increased to 5.06%, with transactions up 24.1%.
Revenue increased by 25.9% YoY to $1.38 billion.
Net loss improved to $40.5 million from $83.7 million in Q4 2023.
Adjusted EBITDA reached $16.7 million, a $40.4 million improvement.
Compass agents closed 50,411 transactions, up 24.1% YoY.
Compass Revenue
Compass EPS
Forward Guidance
Compass expects continued revenue growth and market share expansion in 2025, supported by its proprietary technology and cost discipline.
Positive Outlook
- Expected Q1 2025 revenue between $1.35B and $1.475B.
- Adjusted EBITDA guidance for Q1 2025 ranges from $11M to $25M.
- Full-year 2025 OPEX guidance is $1.005B to $1.03B.
- Company expects to remain free cash flow positive for full-year 2025.
- Continued expansion of Christie's International Real Estate brand expected to drive further market share gains.
Challenges Ahead
- Real estate market remains uncertain due to macroeconomic factors.
- Mortgage rates could impact transaction volume in 2025.
- Company continues to incur stock-based compensation expenses.
- Litigation and regulatory challenges remain a financial risk.
- Cost pressures from expansion efforts, including the Christie's acquisition.