Compass (COMP) Q2 2025 Earnings Call July 30, 2025 05:00 PM ET Speaker0Ladies and gentlemen, thank you for joining us, and welcome to the Compass Second Quarter twenty twenty five Earnings Call. After today's prepared remarks, we will host a question and answer session. I will now hand the conference over to Soham Bonsley, Head of Investor Relations. Please go ahead.Speaker1Thank you very much, operator, and good afternoon, everybody. And thank you for joining the Compass second quarter twenty twenty five e ...

2Q 2025 Business Update & Supplementary Information | 2Q 2025 | 2Q 2025 | 2Q 2025 | 2Q 2025 | | --- | --- | --- | --- | | Revenue | Adjusted EBITDA(1) | Adjusted EBITDA Margin(1) | Free Cash Flow(1) | | $2,059.6M | $125.9M | 6.1% | $68.0M | | +21% Y-o-Y | +$48.5M Y-o-Y | +150 BPS Y-o-Y | +$27.6M Y-o-Y | | 2Q 2025 | 2Q 2025 | 2Q 2025 | 2Q 2025 | | GAAP Net Income | Number of Principal Agents(2) | Gross Principal Agent | Market Share(4) | | | | Additions(3) | | | $39.4M | 20,965 | 832 | 6.09% | | +90% Y-o-Y | ...

GAAP Net Income Grew 90.3% YoY to a Record $39.4 Million Operating Cash Flow Grew to a Record $72.8 Million Quarterly Market Share Grew 96bps YoY to a Record 6.09% 832 Principal Agents Joined Compass in Q2; An All-time High NEW YORK, July 30, 2025 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), a leading tech-enabled real estate services company that includes the largest residential real estate brokerage in the United States by sales volume1, announced its financial results for the ...

BELLINGHAM, Wash., July 30, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, "the most agent-centric™ real estate brokerage on the planet" and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Palm Realty Boutique, a powerhouse independent brokerage in Southern California founded by Brett Zebrowski, has joined eXp Realty. In 2024, Zebrowski's 90-agent team generated $750 million in sales on 370 units. The boutique firm will join eXp's luxury division, continuing its legacy of serving ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $72.8 million, with adjusted EBITDA of $26.3 million and an adjusted EBITDA margin of 36.1%, an increase of 30 basis points compared to 2024 [20][21] - Revenue excluding marketing funds decreased by 6.8% year-over-year, primarily due to negative organic growth of 5.7% and adverse foreign currency movements of 1.1% [20][21] - Selling, operating, and administrative expenses decreased by $1 million or 2.8% to $33.9 million, attributed to lower personnel expenses [21] Business Line Data and Key Metrics Changes - The decline in organic growth was mainly due to lower U.S. agent count, broker fees, and revenue from previous acquisitions, partially offset by new revenue streams from REMAX Media Network and lead concierge initiatives [20][21] - The company reported a record high of over 147,000 agents in its global network, marking the best U.S. agent count performance since 2022 [3][9] Market Data and Key Metrics Changes - U.S. existing home sales have been slow to recover, but inventory levels increased by 30% compared to June 2024, with new listings growing year-over-year for the sixteenth consecutive month [5] - The company noted challenges in the housing market due to tariffs, inflation, and high mortgage rates, which tempered expectations for a housing rebound in the latter half of the year [5][6] Company Strategy and Development Direction - The company is focused on enhancing its value proposition and expanding its global agent network, particularly in the U.S. and Canada [16] - Recent strategic moves include the introduction of the Aspire onboarding program aimed at attracting and developing new agents, which has seen nearly 60% of U.S. and Canadian brokerages sign up [11][12] - The company is investing in technology and tools to empower agents, including a new AI-powered global referral system and a pricing engine for mortgage brokerage [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing solid momentum and resilience despite a challenging macro environment [4][16] - The company tightened its revenue and profit range expectations for the rest of the year but raised agent count expectations due to strong international growth [23][24] Other Important Information - The company is strategically reinvesting in the business and building cash reserves while working to lower its total leverage ratio [21][22] - The REMAX Media Network is beginning to contribute to the top line, although its launch has been slower than anticipated due to the macro environment [14] Q&A Session Summary Question: What drove the reduced guidance range? - Management indicated that the reduced guidance was influenced by a delay in the ramp-up of the REMAX Media Network, a tempered outlook on broker fees, and near-term impacts from the Aspire program [27][30] Question: How did different geographies contribute to the agent count change? - The international expansion was identified as a key driver for the agent count guidance, with significant contributions from the U.S. and a recent large-scale conversion in Hawaii [31][33] Question: How is the Aspire program resonating with agents? - The Aspire program has seen positive adoption, with nearly two-thirds of eligible brokerages participating, and it is helping to attract younger agents and those transferring books of business [36][39] Question: What is the engagement level with the new tools launched? - While it is early to assess the stickiness of multiple tool usage, management noted good adoption rates for the tools deployed, including the global referral platform and lead concierge [41][44]

Strategic move marks a major milestone in REMAX expansion, strengthening its position with elite talent and global reach DENVER, July 30, 2025 /PRNewswire/ -- REMAX®, the #1 name in real estate1, continues to strengthen its global footprint with a major move in the Hawaii market, welcoming Better Homes and Gardens Real Estate Advantage Realty—led by industry powerhouse Myron Kiriu—into the REMAX network. The conversion, effective August 1, brings six offices and 170 high-performing agents under the REMAX Ha ...

BELLINGHAM, Wash., July 29, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, "the most agent-centric™ real estate brokerage on the planet" and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Chris Heller, one of the most accomplished professionals in the real estate industry, has officially joined eXp Realty. Heller is the founder of Heller the Home Seller, and has held executive leadership roles at several of the industry's most recognized companies. His team, known for its consis ...

Anywhere Real Estate (HOUS) Q2 2025 Earnings Call July 29, 2025 08:30 AM ET Speaker0Good morning, and welcome to the Anywhere Real Estate Second Quarter twenty twenty five Earnings Conference Call via webcast. Today's call is being recorded and a written transcript will be made available in the Investor Information section of the company's website tomorrow. A webcast replay will also be made available on the company's website. Unless stated otherwise, growth figures should be assumed to be year over year. A ...

Core Viewpoint - eXp Realty has officially entered the Japanese market, marking its fourth international expansion in 2025, following Peru, Turkey, and Ecuador, aiming to enhance its influence in the Asia-Pacific region and achieve its goal of 50,000 agents outside the U.S. by 2030 [1][2]. Group 1: Company Expansion - eXp Realty is the largest independent real estate brokerage globally, with nearly 81,000 agents across 28 countries [4]. - The company’s entry into Japan is seen as a significant move to disrupt the traditional real estate brokerage model, which has been characterized by limited growth opportunities for agents [1][2]. - A welcome event is scheduled for October 2, 2025, in Tokyo, where company leadership will share their vision and the significance of this expansion for agents [1]. Group 2: Leadership and Market Strategy - Ken Tanaka, a well-respected figure in the Japanese real estate market, will lead the new market initiative, bringing decades of experience and a deep understanding of local market dynamics [2]. - The company aims to provide a platform that emphasizes freedom, innovation, and growth for agents, allowing them to build their businesses in their own way [2]. Group 3: Unique Advantages - eXp Realty offers a scalable business model that supports independent agents in running efficient, high-performance businesses while also enabling the formation of large international teams [2]. - The company provides attractive commission structures, revenue sharing, and equity opportunities, which are designed to maximize agent earnings [5].

Core Insights - eXp Realty has officially expanded into Japan, marking its fourth international launch of the year after Peru, Türkiye, and Ecuador [1] - The company aims to enhance the economic model for agents in Japan, addressing structural issues in the existing brokerage system [2][5] - eXp's expansion aligns with its 2030 goal of reaching 50,000 agents outside the U.S., leveraging a scalable business model [3] Company Overview - eXp Realty is the largest independent real estate brokerage globally, with nearly 81,000 agents across 28 countries [7] - The company operates as a cloud-based, agent-centric brokerage, offering competitive commission splits, revenue share, and equity ownership opportunities [7][10] - eXp Realty provides a global network for agents, facilitating referrals and collaboration across multiple countries [10] Leadership and Market Strategy - Ken Tanaka, a seasoned professional in Japan's real estate sector, will lead the new market, focusing on modernizing the business environment for agents [4] - The company plans to host a live welcome event in Tokyo on October 2, 2025, to introduce its vision and model to local agents [2] Unique Selling Proposition - eXp Realty differentiates itself by offering agents the ability to build businesses on their own terms, promoting freedom, innovation, and growth [5] - The company emphasizes a commission structure designed to maximize agent earnings, alongside revenue share and equity opportunities [10]