Compass loses $150 million, but finds reasons for optimism
With the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.
May 9, 2023
The latest on Compass
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- Compass revenue down, but Q4 losses improveRevenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.February 28, 2023
- Compass reports 14% revenue drop in Q3 after transactions declineCEO and founder Robert Reffkin said that lower sales volumes are creating “significant challenges” for the housing industry as mortgage rates climb.November 10, 2022