Compass, Inc. Reports Record Third Quarter 2026 Results
Compass reported record Q3 2026 results with revenue of $3.9 billion (up 11.6% YoY pro forma), GAAP net income of $62 million versus a $4 million loss a year earlier, and Adjusted EBITDA of $306 million above the high end of guidance. The company generated $248 million in operating cash flow and $240 million in free cash flow despite industry transactions falling year-over-year, ending the quarter with $841 million in cash and 2.7x net debt to Adjusted EBITDA, down nearly two turns from the 4.4x at the Anywhere merger announcement. Organic Brokerage GTV of $133.1 billion grew 7.5% pro forma versus 0.7% for the U.S.
Key figures
- Eps
- 0.07
- Revenue
- 3897000000
- Guidance
- Q4 revenue $3.150B-$3.350B; Q4 Adjusted EBITDA $100M-$130M; FY26 non-GAAP OPEX lowered to $2.71B-$2.73B from $2.75B-$2.80B; free cash flow positive for full year 2026
- Revenue Yoy
- 11.6% on a pro forma basis (+111% reported vs. pre-merger $1.85B)
- Fcf
- 240000000
- Cash balance
- 841000000
- Brokerage gtv
- $138.9 billion
- Long term debt
- 3141000000
- Adjusted ebitda
- 306000000
- Agent retention
- 95.1%
- Gaap net income
- 62000000
- Funded loan volume
- $3.30 billion (+9.9% YoY pro forma)
- Operating cash flow
- 248000000
- Organic brokerage gtv
- $133.1 billion (+7.5% YoY pro forma)
- Total brokerage agents
- 85476
- Net debt to adjusted ebitda
- 2.7x
AI analysis
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