Compass Inc

compass.com

What Do They Do?

Runs residential real estate brokerages and franchise networks, and offers agents workflow software and home buyers and sellers title, escrow and mortgage services.

How Do They Make Money?

Compass earns a share of agents’ sales commissions and certain transaction fees when a home sale closes. Franchisees pay royalties based on their gross commissions and other fees; domestic franchisees generally pay royalties monthly.

FY2025 revenue

Who Are Their Customers?

Home buyers and sellers work with real estate professionals at owned brokerages; independently run brokerages affiliate as franchisees or licensees. Buyers, sellers, real estate companies and financial institutions also use title, escrow and closing services.

Do Revenues Turn Into Profits?

Not on paper. It lost $58.5M in FY2025, but brought in more cash than it spent: $203.3M of free cash flow.

Operating income, FY2025

−1% of revenue

▼ −59% (Loss) vs FY2024 (−$154.8M, −3%)

Net income, FY2025

−1% of revenue

▼ −62% (Loss) vs FY2024 (−$154.4M, −3%)

Free cash flow, FY2025

3% of revenue

▲ +92% vs FY2024 ($105.8M, 2%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +109%; vs $2.1B in Q2 FY2025
Net income: ▲ +136%; vs $39M in Q2 FY2025

Apr 17, 2026 Agrees to take a 51% stake in parent of Sotheby’s franchisees The transaction also includes a 30-month installment plan for certain indebtedness owed to Compass.

Growing. Revenue grew 8% in 4 years, from $6.4B in FY2021 to $7B in FY2025, about 2% a year.

A broader brokerage and franchise network The older report presents a Compass-branded agent brokerage centered on its platform; the latest describes multiple owned-brokerage brands and a franchise network.

Relocation services added The latest report adds corporate relocation alongside title, escrow and mortgage services described in the older report.

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