NYSE$COMP

Compass Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Compass's Q4 2021 results were released, showcasing a 31% increase in revenue year-over-year and a 20% increase in transactions.

Compass, Inc. reported a 31% increase in revenue for Q4 2021, reaching $1.6 billion. The company's net loss for the quarter was $175 million.

  • Revenue for the fourth quarter 2021 was $1.6 billion, an increase of 31% year-over-year.
  • Compass agents closed a fourth quarter record 56,912 Total Transactions, up 20% year-over-year.
  • Net loss was $175 million for the fourth quarter.
  • Average Number of Principal Agents was 12,176, an increase of 560 from 3Q21.

Headline financials

Total Revenue

$1.61B

Previous: $1.23B+31.0%
EPS (adj)

-$0.43

Previous: -$0.25-74.8%
Principal Agents

12.2K

Previous: 9.6K+26.2%
Total Transactions

56.9K

Previous: 47.4K+20.0%
Gross Transaction Value

$64.3B

Previous: $51.9B+23.9%
Capital Expenditures

$16.5M

Previous: $8.5M+94.1%
Free Cash Flow

-$93.4M

Previous: $21.5M-534.4%
Net Income

-$175M

Previous: -$39.8M-339.7%
Operating Income

-$172M

Previous: -$40.2M-328.9%
Gross Profit

$265M

Previous: $221M+20.0%
Cash & Equivalents

$618M

Previous: $440M+40.5%
Total Assets

$1.8B

Previous: $1.37B+31.9%
Stock-Based Comp

$93.4M

Previous: $13M+618.5%

Revenue & EPS history

Compass · Revenue · Quarterly

$1.61B

Q4 2021+31%vs Q4 2020
Beat estimate in 3 of 10 quarters(30%)
ActualEstimate

Forward guidance

Compass provided revenue and Adjusted EBITDA guidance for FY2022 and Q1 2022 and financial targets for 2025.

Tailwinds

  • FY2022 Revenue of $7.9 billion to $8.1 billion
  • FY2022 Adjusted EBITDA of at least $40 million
  • 1Q22 Revenue expected to be 16.25% - 16.75% of FY2022 Outlook
  • 2025 Adjusted EBITDA Margin of 10% and minimum Adjusted EBITDA of $1.2 billion
  • 2025 Free Cash Flow Margin of at least 8-9%

Headwinds

  • 1Q22 Adjusted EBITDA of $(100) million to $(110) million

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 Q4 2021

Historical avgQ4 2021

+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

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