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PR Newswire·

Compass, Inc. Reports First Quarter 2026 Results

COMP
  • Compass, Inc. actioned over $250 million in net cost synergies by April 1, 2026, just 82 days after closing its Anywhere transaction.
  • The company raised its 2026 realized cost synergy target to $200 million and its Year 1 actioned cost synergy target to $300 million.
  • Compass increased its total three-year actioned cost synergy target to $500 million, with $420 million expected via P\&L and $80 million via Capex.
  • Q1 2026 GAAP net income was $22 million, compared to a net loss of $51 million in Q1 2025.
  • Q1 2026 Adjusted EBITDA reached $61 million, exceeding the high-end of the guidance range.
  • Q1 2026 revenue increased 99% year-over-year to $2.70 billion, driven by the addition of Anywhere's revenue.
  • Pro forma Brokerage Gross Transaction Value (GTV) grew 7.3% year-over-year, while Franchise GTV grew 4.6% year-over-year.
  • Pro forma Brokerage transactions increased 2.6% year-over-year, outperforming the U.S. residential market which grew 0.2%.
  • The company ended Q1 2026 with $484 million in cash, no revolver balance, and $3.14 billion in total long-term debt.
  • Moody's and S\&P initiated credit ratings on Compass with a Positive Outlook, assigning B2 and B+ ratings respectively.
  • Total brokerage agents reached 84,187 at the end of Q1 2026, with a pro forma retention rate of 94%.
  • Q2 2026 revenue is projected between $4.0 billion and $4.2 billion, with Adjusted EBITDA expected between $310 million and $350 million.
  • Full year 2026 outlook includes non-GAAP OPEX of $2.70 billion to $2.75 billion and a projection to be free cash flow positive for the year.
  • The Compass technology platform will be branded as the Home Platform and is scheduled for rollout to Anywhere's brokerage agents in Q3 2026.