Compass Inc Stock Price, News & Analysis

SmartRent (NYSE: SMRT), a leading provider of smart communities solutions for rental housing, has appointed Frank Martell as President and CEO, effective immediately. Martell, who has been serving on SmartRent's Board since June 2024, brings over 30 years of executive leadership experience. His previous roles include CEO positions at loanDepot and CoreLogic, where he demonstrated success in driving market leadership and profitability. At CoreLogic, he transformed the company into a global platform for digital residential property data and analytics. As SmartRent's new CEO, Martell will focus on accelerating the adoption of the company's enterprise platform and evolving it into a high-performing, customer-centric organization centered on its hardware-enabled SaaS model.

Compass (NYSE: COMP) reported strong Q1 2025 financial results with revenue growing 28.7% YoY to $1.4 billion. The company achieved record Q1 free cash flow of $19.5 million and record Q1 Adjusted EBITDA of $15.6 million. Total market share increased to a record 6.0%, up 125 basis points YoY. Compass outperformed the market significantly, with total transactions growing 27.8% while the market declined 2.1%. The company's principal agents increased by 41.6% YoY to 20,656, with strong retention at 96.6%. The Christie's International Real Estate acquisition contributed 9.2% to revenue growth. Despite a net loss of $50.7 million, this represented an $82.2 million improvement from Q1 2024. For Q2 2025, Compass expects revenue between $2.0-2.15 billion and Adjusted EBITDA of $115-135 million.

Compass, the largest residential real estate brokerage in the United States by sales volume, has announced its participation in the 53rd J.P. Morgan Global Technology, Media and Communications Conference. The event will be held on May 14, 2025, at the Westin Seaport District Hotel in Boston.

CEO & Founder Robert Reffkin and CFO Kalani Reelitz will represent the tech-enabled real estate services company. Reffkin will participate in a fireside chat at 3:00 p.m. ET, and both executives will conduct one-on-one meetings with investors throughout the day.

The fireside chat will be accessible through a public webcast and will remain available for replay on the Compass Investor Relations website for 30 days following the event.

Compass (NYSE: COMP), America's largest residential real estate brokerage by sales volume, has scheduled its first quarter 2025 financial results announcement for May 8, 2025, after market close. The company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT to discuss the quarterly results.

Investors can access the conference call and shareholder presentation through the Compass Investor Relations website. An audio recording will be available for 90 days following the call in the Events and Presentations section of their IR website.

Compass (NYSE: COMP) reported strong Q4 2024 results with revenue growing 25.9% YoY to $1.4 billion, driven by a 24.1% increase in transactions. The company achieved quarterly market share of 5.06%, up 65 basis points YoY, marking their highest year-over-year increase in twelve quarters.

Key financial highlights include: $122 million in full-year operating cash flow ($150 million before NAR settlement), Q4 GAAP net loss of $40.5 million (improved from $83.7 million in Q4 2023), and Q4 Adjusted EBITDA of $16.7 million. The company ended Q4 with $223.8 million in cash.

Operational metrics showed strong performance with 17,752 principal agents (up 20.9% YoY), 96.9% quarterly agent retention, and $54.0 billion in Gross Transaction Value (up 29.2% YoY). For Q1 2025, Compass projects revenue between $1.350-1.475 billion and Adjusted EBITDA of $11-25 million.

Compass (NYSE: COMP), the largest residential real estate brokerage in the United States by sales volume, has scheduled the release of its fourth quarter and full-year 2024 financial results for Tuesday, February 18, 2025, after market close. The company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss the results.

Investors can access the conference call through the Compass Investor Relations website or by registering in advance. An audio recording will be available for 90 days following the call through the Events and Presentations section of the Investor Relations website.

Compass (NYSE: COMP), the largest US residential real estate brokerage by sales volume, has launched Compass One, a client-facing version of its end-to-end technology platform. This innovative dashboard connects clients with their agents 24/7 throughout their real estate journey.

The platform, developed by Compass's in-house technology team with a $1.6 billion investment, provides three key phases of service: Before the transaction, clients access curated dashboards, customized timelines, and market analyses; During the transaction, clients can track key dates, tasks, and documents; After the transaction, clients maintain access to documentation and stay connected with their agents for future needs.

Compass One aims to strengthen agent-client relationships, drive repeat business, and create new opportunities for ancillary services by providing transparency and streamlined communication throughout the entire homeownership journey.

Compass (NYSE: COMP), the largest US residential real estate brokerage by sales volume, has raised its Q4 2024 and full-year 2024 outlook. Despite a challenging market with resale transactions approaching a 29-year low, the company expects to deliver record Adjusted EBITDA and free cash flow for 2024.

Key updates include:

• Q4 revenue outlook raised to $1.36-1.39 billion (previously $1.225-1.325 billion)
• Full-year 2024 revenue outlook increased to $5.61-5.64 billion (previously $5.47-5.57 billion)
• Q4 Adjusted EBITDA outlook raised to $15-18 million (previously $0-10 million)
• Full-year 2024 Adjusted EBITDA outlook increased to $124-127 million (previously $109-119 million)

The company recruited over 650 principal agents organically in Q4, a 50% improvement year-over-year, and expects to maintain positive free cash flow in every quarter of 2024, including Q4.

Quad-C Management has completed the sale of @properties to Compass (NYSE: COMP). @properties, a Chicago-based real estate services company, operates brokerage firms across seven states and owns the Christie's International Real Estate network, which spans nearly 50 countries.

During Quad-C's partnership, @properties achieved significant growth, including a 250% revenue increase, opening of 20 new offices, and completion of six acquisitions. The company expanded its title and mortgage services while enhancing its technology, marketing, and training platforms.

The merger with Compass aims to provide enhanced resources and support to agents and independent broker-owners affiliated with Christie's International Real Estate, focusing on technology integration, marketing improvements, and service excellence while maintaining the distinct brands of both companies.