We designed our platform for simplicity and flexibility. Given a significant amount of an agent's time is spent away from their desk, our powerful iOS and Android mobile apps allow agents to take advantage of our platform, no matter where they are. The efficiencies that agents gain from adoption of our technology give them the opportunity to spend more time with clients. Advising Buyers Our platform enables agents to locate desirable properties at attractive prices for buyers. Our agents provide clients wit ...

Table of Contents Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Class A Common Stock, $0.00001 par value per share COMP The New York Stock Exchange ___________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________ FORM 10-Q ___________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR o TRANSITION RE ...

Compass, Inc. (NYSE:COMP) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants Richard Simonelli – Vice President-Investor Relations Robert Reffkin – Chief Executive Officer Greg Hart – Chief Operating Officer Scott Wahlers – Chief Accounting Officer Conference Call Participants Matthew Bouley – Barclays Michael Ng – Goldman Sachs Bernie McTernan – Needham and Co Justin Ages – Berenberg Operator Good afternoon. My name is Colby, and I’ll be your conference operator today. At th ...

3Q 2022 Business Update & Supplementary Information Safe Harbor Statement This presentation includes forward-looking statements, which are statements other than statements of historical facts, and statements in the future tense. These statements include, but are not limited to, statements regarding our future performance, including expected financial results for the fourth quarter and full year of 2022, planned operating expenses and cash flow levels for 2023, and our expectations for operational achievemen ...

Compass Inc. (NYSE:COMP) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Richard Simonelli - Head of IR Robert Reffkin - CEO Greg Hart - COO Kristen Ankerbrandt - CFO Conference Call Participants Matthew Bouley - Barclays Brian Nowak - Morgan Stanley Jason Helfstein - Oppenheimer Ryan McKeveny - Zelman & Associates Justin Ages - Berenberg Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like ...

Company Overview - As of June 30, 2022, Compass had over 28,000 agents on its platform, with an average of 12,979 principal agents, representing a 22.1% increase from the same period in 2021[156]. - The company completed its IPO on April 6, 2021, raising $438.7 million from the sale of 26.3 million shares at $18.00 per share[152]. - The ongoing COVID-19 pandemic has not adversely impacted Compass's business and financial results for the three and six months ended June 30, 2022[163]. Market Performance - During the three months ended June 30, 2022, Compass agents closed 66,846 total transactions, a 1.7% increase compared to the same period in 2021, while the gross transaction value remained flat at $76.8 billion[157]. - The gross transaction value for both the three months ended June 30, 2022, and 2021 represented 4.9% of residential real estate transacted in the U.S.[158]. - Macroeconomic conditions, including rising inflation and increasing mortgage interest rates, contributed to a slowdown in the U.S. residential real estate market during the first half of 2022[164]. - The residential real estate market is seasonal, with transaction volume typically highest in spring and summer, impacting Compass's revenue and operating expenses[159]. Financial Performance - Revenue for the three months ended June 30, 2022, was $2,020.1 million, an increase of $68.7 million or 3.5% compared to the same period in 2021[170]. - Revenue for the six months ended June 30, 2022, was $3,417.1 million, an increase of $351.8 million or 11.5% compared to the same period in 2021[170]. - Net loss for the three months ended June 30, 2022, was $(101.1) million, compared to $(7.1) million for the same period in 2021[170]. - Net loss attributable to Compass, Inc. for the three and six months ended June 30, 2022, was $(101.2) million and $(289.2) million, compared to $(7.1) million and $(219.5) million in the same periods of 2021[201]. - Adjusted EBITDA for the three and six months ended June 30, 2022, was $4.2 million and $(92.5) million, a significant decrease from $71.3 million and $40.7 million in the same periods of 2021[203]. Expenses - The company incurred $18.9 million in restructuring costs during the three months ended June 30, 2022, primarily due to severance and lease termination costs[151]. - Commissions and other related expenses for the three months ended June 30, 2022, were $1,652.9 million, an increase of $62.5 million or 3.9% compared to the same period in 2021[171]. - Sales and marketing expense increased to $154.9 million for the three months ended June 30, 2022, up $30.6 million or 24.6% year-over-year[174]. - Research and development expense reached $107.2 million for the three months ended June 30, 2022, up $33.7 million or 45.9% year-over-year[177]. - General and administrative expense decreased to $55.2 million for the three months ended June 30, 2022, down $4.2 million or 7.1% compared to the prior year[178]. Cash Flow and Financing - As of June 30, 2022, the company reported cash and cash equivalents of $430.5 million and an accumulated deficit of $1.9 billion[208]. - For the six months ended June 30, 2022, net cash used in operating activities was $120.3 million, primarily due to a net loss of $289.4 million adjusted for non-cash charges of $175.7 million[213]. - The company expects operating losses and negative cash flows to continue as it invests in business expansion, research and development, and sales and marketing activities[209]. - The company had a total outstanding balance of $30.4 million under its Concierge Facility and Revolving Credit Facility as of June 30, 2022[229]. - The company anticipates future capital requirements will depend on growth in the number of agents, geographic expansion, and investments in technology[210]. Restructuring and Liabilities - As of June 30, 2022, the remaining liability related to restructuring activities was $10.4 million, mainly for unpaid severance costs[151]. - The company is contingently liable for escrow and trust deposits totaling $259.0 million as of June 30, 2022[220]. Interest and Investment - Interest expense for the three and six months ended June 30, 2022, was $0.7 million and $1.4 million, representing a 16.7% and 27.3% increase compared to the same periods in 2021[183]. - Investment income, net was $0.3 million for the three months ended June 30, 2022, reflecting a 100% increase from the previous year[182]. - A 100-basis point increase or decrease in market interest rates would not result in a material change to the company's interest expense based on outstanding amounts[229].

Compass, Inc. (NYSE:COMP) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Rich Simonelli - Vice President of Investor Relations Robert Reffkin - Founder, Chairman & Chief Executive Officer Kristen Ankerbrandt - Chief Financial Officer Conference Call Participants Trevor Young - Barclays Justin Ages - Berenberg Capital Markets Ryan McKeveny - Zelman & Associates Mike Ng - Goldman Sachs Jason Helfstein - Oppenheimer Operator Ladies and gentlemen, thank you for standing by and wel ...

COMPASS 1Q 2022 Business Update & Supplementary Information Safe Harbor Statement This presentation includes forward-looking statements, which are statements other than statements of historical facts, and statements in the future tense. These statements include, but are not limited to, statements regarding our future performance, including expected financial results for the second quarter and full year of 2022, long-term financial targets for full year of 2025, and our expectations for operational achieveme ...

Table of Contents Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Class A Common Stock, $0.00001 par value per share COMP The New York Stock Exchange ___________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________ FORM 10-Q ___________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR o TRANSITION REPORT ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40291 COMPASS, INC. (Exact name of registrant as specified in its charter) Delaware 30-0751604 (State or other jur ...