Compass delivered record third quarter results for revenue, net income, and adjusted EBITDA, primarily driven by the integration of Anywhere Real Estate and rigorous operational expense discipline. Despite a softening broader housing market, the company generated $240 million in free cash flow and outperformed the market in organic brokerage volume.
Key Highlights
- Revenue surged 111% year-over-year to $3.90 billion, in line with analyst estimates and reflecting the first full quarter following the Anywhere Real Estate merger.
- GAAP net income reached $62 million, a significant improvement from the $4 million net loss recorded in the prior-year period.
- Adjusted EBITDA of $306 million surpassed the high end of management's guidance range, supported by ongoing cost synergy realization.
- Management lowered its full-year 2026 non-GAAP OPEX guidance to $2.71 billion - $2.73 billion, down from the previous range of $2.75 billion - $2.80 billion.
- Platform expansion continued with 33,950 real estate professionals from acquired brands onboarded to the proprietary "Home" technology stack during the quarter.