Revenue Growth and Market Share Gains
Revenue in Q4 2024 increased by 25.9% year over year. Compass achieved a 65 basis points increase in market share, reaching 5.06%.
Record Adjusted EBITDA and Free Cash Flow
Q4 2024 adjusted EBITDA was $16.7 million, an improvement from a loss of $23.7 million a year ago, and free cash flow was $26.7 million, compared to a negative free cash flow of $41 million last year.
Agent Growth and Retention
Compass recruited 659 principal agents organically in Q4, with a strong agent retention rate of 96.9%. The net principal agent count grew by 21% year over year.
Title and Escrow Business Expansion
The attach rate in the title and escrow business improved by over 800 basis points year over year, nearly quadrupling profitability.
Christie's International Real Estate Acquisition
Acquisition of Christie's International Real Estate, expected to contribute $500 million in annual revenue with a 30% to 35% adjusted EBITDA margin.