Compass Inc SEC Filings

Compass, Inc. executive Timothy B. Gustavson, the Chief Accounting Officer, reported his initial holdings on a Form 3. He disclosed direct ownership of 27,334 shares of Class A common stock as of March 2, 2026, establishing his baseline equity position as a company insider.

Compass, Inc. director Allan Leinwand reported two bona fide gifts of Class A common stock on 2026-03-03, each for 30,296 shares, totaling 60,592 shares. One transaction left him with 0 directly held shares, while 146,352 shares are held indirectly through the Leinwand Family Living Trust, where he and his spouse are trustees and beneficiaries.

Compass, Inc. files its annual report describing a transformed business after acquiring Anywhere Real Estate Inc. and the Christie’s International Real Estate platform. The company now operates a large owned‑brokerage and franchise network, reaching more than 340,000 real estate professionals across about 120 countries and territories.

Compass details an integrated model spanning brokerage, franchises, title, escrow, mortgage joint ventures, relocation and lead‑generation programs, supported by proprietary technology platforms. The report highlights extensive risk factors, including high mortgage rates, low inventory, heavy regulation, antitrust litigation pressures, and significant new debt taken on for the Anywhere merger, which increases interest expense and covenant risk.

Compass, Inc. reported record fourth quarter and full-year 2025 results and shared selected financials for its recent acquisition, Anywhere Real Estate. Q4 revenue rose 23.1% year-over-year to $1.70 billion, with organic revenue up 11.3% and total transactions up 19.7% versus a 0.7% market increase.

Full-year revenue reached a record $7.0 billion, and operating cash flow was a record $217 million, marking eight consecutive quarters of positive operating cash flow. Adjusted EBITDA grew to $58.3 million in Q4 and $293.4 million for 2025, even though Compass still posted a GAAP net loss of $42.6 million for Q4 and $58.5 million for the year, partly due to stock-based compensation and merger expenses.

Operationally, principal agents increased 19.4% year-over-year to 21,190 with 96.8% quarterly retention, and Q4 gross transaction value rose 21.6% to $65.6 billion. Compass issued Q1 2026 guidance for revenue of $2.55–$2.75 billion and Adjusted EBITDA of $15–$35 million, including discrete Anywhere-related expenses. Anywhere’s 2025 standalone net revenues were $5,960 million with Operating EBITDA of $294 million, highlighting the scale being added to the combined business.

Compass, Inc. appointed Timothy B. Gustavson as Chief Accounting Officer and principal accounting officer, effective March 2, 2026. The existing Chief Financial Officer, Scott Wahlers, will continue in his role as CFO and principal financial officer, so the finance leadership remains otherwise unchanged.

Gustavson, age 57, previously served as Chief Accounting Officer, Controller and Senior Vice President of Anywhere Real Estate, Inc. from March 2015 until its acquisition by Compass on January 9, 2026, and earlier spent 16 years in public accounting with KPMG. Compass states there are no family relationships, related-party transactions, or special arrangements connected to his selection, and no new compensatory arrangements were entered into in connection with this appointment.

SoftBank-affiliated funds report beneficial ownership of 25,062,973 shares of Compass, Inc. Class A common stock, representing 4.5% of the class as of December 31, 2025. This amended Schedule 13G/A lists SB Investment Advisers (UK) Limited, SoftBank Vision Fund (AIV M1) L.P., SVF Endurance (Cayman) Limited, and SVF Excalibur (Cayman) Limited as reporting persons.

The 4.5% figure is based on 552,113,490 Compass Class A shares outstanding as of November 25, 2025, as disclosed in a Form 424B3 prospectus. SVF Excalibur is the record holder of all 25,062,973 shares, held through a SoftBank-controlled ownership chain, and the group indicates ownership of 5 percent or less of the class.

Compass, Inc. filed an amended current report to add detailed financial information for its acquisition of Anywhere Real Estate Inc. and related entities. The filing includes audited 2024 financial statements for Anywhere and At World Properties, plus unaudited pro forma results showing Compass as if the merger had occurred earlier.

Anywhere generated $5,692 million in 2024 net revenues, mainly from brokerage commissions, franchise fees and title services, but reported a net loss of $127 million. At year-end 2024, Anywhere had total assets of $5,636 million, liabilities of $4,066 million and total equity of $1,570 million. Operating cash flow was $104 million, while the business carried $2,521 million of short- and long-term debt and $140 million of securitization obligations.

Compass, Inc. Chairman and CEO Robert L. Reffkin reported RSU vesting and related share activity on February 4, 2026. He acquired 1,154,593 shares of Class A common stock at $0 upon settlement of RSUs, then had 638,797 shares withheld by Compass at $11.98 to cover taxes, leaving 515,796 shares held directly.

After these transactions, he also held derivative awards of 1,629,254 and 1,019,899 RSUs, each convertible into Class A shares. Indirectly, entities and trusts associated with him held 7,828,116 shares of Class A common stock, as detailed across several family trusts and an investment corporation.

Compass, Inc. director Steven J. Sordello acquired 2,773 shares of Class A Common Stock through the settlement of restricted stock units (RSUs) at a price of $0 per share. After this transaction, he directly owned 209,296 Class A shares.

The corresponding RSU position shows 2,773 RSUs remaining beneficially owned. Each RSU represents the right to receive one Class A share upon settlement. The RSUs are scheduled to vest in four installments of 25% each on August 1, 2025, November 1, 2025, February 1, 2026, and May 1, 2026, or earlier in full on the date of the next annual stockholder meeting if still unvested.