Prnewswire·2025-11-04 12:00Core Insights - Compass, Inc. reported record Q3 results with revenue growth of 23.6% year-over-year, reaching $1.85 billion, which is at the high end of their guidance range [2][7] - The company achieved an all-time high of 851 gross principal agents joining in Q3, with a strong retention rate of 97.3% [2][7] - Operating cash flow increased by 102% year-over-year to $75.5 million, and free cash flow grew 124% year-over-year to $73.6 million [2][7] Financial Performance - Revenue for Q3 2025 was $1.85 billion, a 23.6% increase from Q3 2024 [7] - Adjusted EBITDA reached $93.6 million, up 80% from $52 million in the previous year, marking the highest Adjusted EBITDA for any Q3 period [2][7] - GAAP net loss for Q3 2025 was $4.6 million, compared to a net loss of $1.7 million in Q3 2024, influenced by non-cash stock-based compensation and merger transaction expenses [7] Operational Highlights - Compass closed 67,886 total transactions in Q3 2025, a 21.5% increase compared to the same period last year [7] - Organic transactions grew by 6.6% year-over-year, while total transactions outperformed the market, which only saw a 2% increase [2][7] - The company’s market share increased to 5.63%, up 83 basis points year-over-year, with organic market share growing by 32 basis points [7] Technology and Platform Development - The Compass proprietary technology platform recorded an average of 22 weekly sessions per agent, indicating high engagement [7] - New features such as Compass Make-Me-Sell and One-Click Title & Escrow integration are driving higher attach rates and user engagement [7] Future Outlook - For Q4 2025, Compass expects revenue between $1.590 billion and $1.690 billion, with Adjusted EBITDA projected between $35 million and $49 million [6][7] - The company anticipates maintaining positive free cash flow for the full year 2025 [7]