Compass Inc ( (COMP) ) has released its Q3 earnings. Here is a breakdown of the information Compass Inc presented to its investors.
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Compass Inc., the largest residential real estate brokerage in the United States, is a tech-enabled real estate services company that provides a comprehensive platform for real estate agents to manage their business operations efficiently. The company has reported its strongest third-quarter results in history, with significant growth in revenue and operational metrics. Compass Inc. achieved a 23.6% year-over-year increase in revenue, reaching $1.85 billion, and a remarkable 102% growth in operating cash flow. The company also saw an all-time high in agent recruitment, with 851 new principal agents joining organically, and maintained a high retention rate of 97.3%. The company reported an adjusted EBITDA of $93.6 million, marking an 80% increase from the previous year, and free cash flow grew by 124% to $73.6 million. Despite a challenging housing market, Compass Inc. continues to outperform industry trends, with organic transactions growing by 7% and total transactions by 22%, significantly outpacing the market’s 2% growth. Looking ahead, Compass Inc. remains optimistic about its future performance, with expectations of continued revenue growth and positive free cash flow for the full year 2025.