NYSE$COMP

Compass Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record Q1 revenue and expanded national LTM market share.

Compass, Inc. reported a record first quarter revenue of $1.4 billion, up 25% year-over-year. The company's market share increased to 6.1% in 1Q22. Net loss attributable to Compass was $188 million, and Adjusted EBITDA loss was $97 million.

  • Revenue increased by 25% year-over-year to $1.4 billion.
  • Market share increased to 6.1% in 1Q22, up from 5.2% in 1Q21.
  • Average Number of Principal Agents was 12,574, an increase of 398 from 4Q21.
  • Compass agents closed 47,367 Total Transactions, up 18% year-over-year.

Headline financials

Total Revenue

$1.4B

Previous: $1.11B+25.4%
EPS (adj)

-$0.45

Previous: -$1.67+73.1%
Principal Agents

12.6K

Previous: 9.8K+28.1%
Total Transactions

47.4K

Previous: 40.3K+17.6%
Gross Transaction Value

$53.7B

Previous: $43.8B+22.6%
Capital Expenditures

$20.8M

Previous: -$10M+308.0%
Free Cash Flow

-$132M

Previous: -$222M+40.7%
Net Income

-$188M

Previous: -$212M+11.5%
Operating Income

-$186M

Previous: -$213M+12.7%
Gross Profit

$251M

Previous: $1.11B-77.5%
Cash & Equivalents

$476M

Previous: $330M+44.4%
Total Assets

$1.73B

Previous: $1.37B+26.3%
Stock-Based Comp

$63.8M

Previous: $168M-61.9%

Revenue & EPS history

Compass · Revenue · Quarterly

$1.4B

Q1 2022+25.4%vs Q1 2021
Beat estimate in 3 of 10 quarters(30%)
ActualEstimate

Forward guidance

Compass expects 2Q22 Revenue to be $2.0 billion - $2.2 billion and Adjusted EBITDA of $0 to $40 million. FY22 Revenue is expected to be $7.6 billion to $8.0 billion and Adjusted EBITDA of at least breakeven.

Tailwinds

  • 2Q22 Revenue expected to be $2.0 billion - $2.2 billion
  • 2Q22 Adjusted EBITDA of $0 to $40 million
  • FY22 Revenue of $7.6 billion to $8.0 billion
  • FY22 Adjusted EBITDA of at least breakeven
  • FY25 Adjusted EBITDA Margin of 10% and minimum Adjusted EBITDA of $1.2 billion

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+8.7%

Avg return

Earnings day

+6.9%

Avg return

5 days after

+3.5%

Avg return

30 days after

48%

10 / 21 earnings

Positive

+89.2%

Q3 2022

Best reaction

-18.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-7.2%-11.9%
Q4 2025-2.7%-5.1%-29.2%
Q3 2025+7.7%+9.9%+33.7%
Q1 2025-18.8%-18.0%-18.6%
Q4 2024+28.3%+14.0%+17.7%
Q3 2024+17.6%+23.3%+31.3%
Q2 2024-4.5%-4.5%+15.0%
Q1 2024+19.4%+21.2%+5.9%
Q4 2023+15.4%+16.0%+8.4%
Q3 2023-5.5%-10.5%+21.5%
Q2 2023-5.2%-8.4%-13.5%
Q1 2023+43.2%+38.6%+39.0%
Q4 2022-14.8%-4.7%-14.2%
Q3 2022+89.2%+84.9%+38.9%
Q2 2022-5.3%-23.0%-34.9%
Q1 2022+29.5%+27.3%+26.8%
Q4 2021+1.8%-5.7%-23.3%
Q3 2021-8.7%-10.9%-17.7%
Q2 2021+9.8%+18.7%+3.2%
Q4 2020-2.1%-1.7%+0.6%
Q1 2021-11.5%-8.8%-5.8%
Q3 2020
Q2 2020
Q1 2020
Q4 2019

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro