COMP

EX-99.1

2 exhibit9918-k2q26pr.htm

EX-99.1

Document

Compass, Inc. Reports Record Second Quarter 2026 Results

Actioned Entire $300 Million of Year 1 Net Cost Synergy Target 5 Months Ahead of Plan

Q2 Revenue +14% YoY1; GAAP Net Income $92 Million; Adjusted EBITDA2 $363 Million

Operating Cash Flow $191 Million; Cash Balance Increased $210 million QoQ to $694 Million

New York, NY - August 4, 2026 - Compass, Inc. (“Compass” or “the Company”) (NYSE: COMP), a global real estate services company with a presence in every major U.S. city and approximately 120 countries and territories, announced its financial results for the second quarter ended June 30, 2026.

"Compass delivered very strong Q2 results, with Revenue and Adjusted EBITDA surpassing the high-end of our guidance range, driven by broad business strength and the successful realization of our cost synergies" said Robert Reffkin, Founder and Chief Executive Officer. Reffkin added, "in Q2, our outperformance versus the industry accelerated, with Brokerage Gross Transaction Value (“GTV”) up 15.9% year-over-year on a pro forma1 basis, compared to market volumes3 that were up 6% year-over-year, reflecting approximately 1,000 basis points of GTV outperformance compared to 580 basis points of outperformance in Q1 2026. Additionally, Brokerage transactions were up 7.4% year-over-year on a pro forma1 basis compared to market transactions3 up 3.5% year-over-year, reflecting 390 basis points of outperformance compared to the 240 basis points of outperformance in Q1 2026. For 21 consecutive quarters, spanning our entire history as a public company, our Brokerage has outperformed the market on an organic basis for the Compass standalone brand, and now for two consecutive quarters, including Anywhere.”

Reffkin continued, "our integration with Anywhere is progressing well and we have now actioned our entire Year 1 net cost synergy target of $300 million five months ahead of plan. As such, we are raising our Year 1 actioned net cost synergy target from $300 million to $330 million and our 2026 realized net cost synergy target from $200 million to $220 million. Of the $220 million, we expect to now realize $150 million through the P&L and the remaining $70 million as a Capex synergy. Our progress to date reinforces our confidence in delivering on our $500 million net cost synergy target over three years. By fully realizing these cost synergies, we believe we will be able to achieve durable profitability and de-lever our balance sheet even in a muted market, with significant upside in a housing market recovery."

Scott Wahlers, Chief Financial Officer, said, "The strength of our second quarter results reflects strong execution and focus from the entire team. We delivered $4.3 billion in Revenue, representing growth of 14% year-over-year on a pro forma1 basis, while Adjusted EBITDA2 grew to $363 million, which is an all-time record for any second quarter in our history.”

Wahlers continued, “We generated $191 million in operating cash flow in Q2 and our cash balance increased by $210 million quarter-over-quarter to a healthy $694 million, with no balance on our revolver. With $694 million of cash on hand and the positive free cash flow we expect to generate in the second half of the year, we remain committed to redeeming our $500 million 9.75% Notes when they are first callable in Q2 of 2027. Deleveraging the balance sheet remains a key focus for the company and we expect to continue to make progress on this front through strong cash flow generation, bolstered by the expected $470 million in future cash tax savings from our $1.8 billion in net operating losses.”

Q2 2026 Highlights:

●Revenue in Q2 2026 increased by 109% year-over-year to $4.31 billion compared to Revenue of $2.06 billion in Q2 2025. Revenue increased by 14.3% year-over-year compared to pro forma1 Revenue of $3.77 billion in Q2 2025.

●GAAP Net Income in Q2 2026 was $92 million compared to net income of $39 million in Q2 2025.

1 Pro forma key business metrics and revenue are presented as if the Anywhere transaction had occurred on January 1, 2025. For comparability, where indicated, Anywhere's results have been included for the full period from April 1, 2025 through June 30, 2025.

2 A reconciliation of GAAP to Non-GAAP measures can be found within the financial statement tables included in this press release.

3 Source: National Association of Realtors®.

●Adjusted EBITDA2 (a non-GAAP measure) was $363 million in Q2 2026. Adjusted EBITDA in Q2 2026 excludes depreciation and amortization of $153 million, non-cash stock-based compensation expense of $38 million and $34 million in merger transaction and integration expenses.

●Operating Cash Flow / Free Cash Flow2 (a non-GAAP measure): During Q2 2026, operating cash flow was $191 million and free cash flow was $180 million, driven by better than expected Adjusted EBITDA and timing-related items.

●Liquidity & Capital Structure: At the end of Q2 2026, our

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comp-202602260001563190FALSE00015631902026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026

Compass, Inc. (Exact name of Registrant as Specified in Its Charter)

Delaware 001-40291 30-0751604 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

110 Fifth Avenue, 4th Floor New York, New York 10011 (Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (646) 982-0353 Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class Trading Symbol Name of Each Exchange on Which Registered

Class A Common Stock, $0.00001 par value per share COMP The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.Results of Operations and Financial Condition.

On February 26, 2026, Compass, Inc. (“Compass” or the “Company”) issued a press release (the “Press Release”) and will hold a conference call announcing its financial results for the quarter and year ended December 31, 2025. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7.01Regulation FD Disclosure.

On February 26, 2026, the Company provided selected unaudited financial information of Anywhere Real Estate Inc. for the quarter and year ended December 31, 2025. A copy of the financial information is furnished as Exhibit 99.2 to this Current Report on Form 8-K. The information furnished with Item 2.02 and Item 7.01, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Exhibit Title or Description

99.1 Press Release, dated February 26, 2026, related to earnings.

99.2Unaudited consolidated financial information of Anywhere Real Estate Inc. for the three months and year ended December 31, 2025.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

COMPASS, INC.

Date: February 26, 2026  By: /s/ Scott Wahlers Scott Wahlers Chief Financial Officer