COMP on NYSE

Compass RE

Logo: Compass, Copyrighted free use, via Wikimedia Commons4

American residential real estate broker

Compass, Inc. provides residential real estate brokerage and related services in the United States.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

2012Founded1

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  • TickerCOMP on NYSE1
  • IndustryReal Estate Agents & Managers (For Others)1
  • HeadquartersNew York City1
  • Websitewww.compass.com
  • Incorporated inDE5
  • Business address110 Fifth Avenue, 4Th Floor, New York, Ny 100115
  • Filer categoryLarge accelerated filer5

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Compass Real Estate Seattle Hub
Photo: طاها, CC BY-SA 4.0, via Wikimedia Commons7

Compass, Inc. provides residential real estate brokerage and related services in the United States. Including its franchised businesses, it has approximately 340,000 agents and associates, who are generally independent contractors, on its platform. It operates under many brand names including Compass, @properties, Better Homes and Gardens Real Estate, Century 21 Real Estate, Coldwell Banker, Corcoran Group, ERA Real Estate, Sotheby's International Realty, and Christie's International Real Estate.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-0.9%Operating margin8
-0.8%Net margin8
23.7%Revenue growth, 20258
-7.5%Return on equity8
$203.3MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development4¢$245.8M
  • Other costs96¢$6.7B
  • Income tax0¢$1.1M

Out of $7.0B in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending6¢$13.4M
  • Kept or used elsewhere94¢$203.3M

Out of $216.7M of cash from operations.8

Financial statements

Revenue91011128$7.0B in 2025+192% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $2.4B$2.4B20192020: $3.7B$3.7B2020+56%2021: $6.4B$6.4B2021+73%2022: $6.0B$6.0B2022−6%2023: $4.9B$4.9B2023−19%2024: $5.6B$5.6B2024+15%2025: $7.0B$7.0B2025+24%
Operating income91011128-$63.4M in 2025−84% since 2019
-$600.0M-$400.0M-$200.0M02019: -$401.8M-$401.8M20192020: -$273.3M-$273.3M2020−32%2021: -$493.0M-$493.0M2021+80%2022: -$589.4M-$589.4M2022+20%2023: -$314.9M-$314.9M2023−47%2024: -$154.8M-$154.8M2024−51%2025: -$63.4M-$63.4M2025−59%
Net income91011128-$58.5M in 2025−85% since 2019
-$800.0M-$600.0M-$400.0M-$200.0M02019: -$388.0M-$388.0M20192020: -$270.2M-$270.2M2020−30%2021: -$494.1M-$494.1M2021+83%2022: -$601.5M-$601.5M2022+22%2023: -$321.3M-$321.3M2023−47%2024: -$154.4M-$154.4M2024−52%2025: -$58.5M-$58.5M2025−62%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Revenue$7.0B$5.6B$4.9B
Commissions and other related expense$5.7B$4.6B$4.0B
Sales and marketing$377.9M$368.7M$435.4M
Operations and support$429.4M$334.5M$326.9M
Research and development$245.8M$188.8M$184.5M
General and administrative$144.3M$165.2M$125.7M
Anywhere merger transaction and integration expenses$18.1M$0$0
Restructuring costs$17.1M$9.7M$30.4M
Depreciation and amortization$112.7M$82.4M$90.0M
Total operating expenses$7.0B$5.8B$5.2B
Loss from operations-$63.4M-$154.8M-$314.9M
Investment income, net$5.5M$6.8M$8.5M
Interest expense-$9.0M-$6.4M-$10.8M
Loss before income taxes and equity in income (loss) of unconsolidated entities-$66.9M-$154.4M-$317.2M
Benefit from income taxes$1.1M$500.0K$400.0K
Equity in income (loss) of unconsolidated entities$7.1M-$600.0K-$3.3M
Net loss-$58.7M-$154.5M-$320.1M
Net loss (income) attributable to non-controlling interests$200.0K$100.0K-$1.2M
Net loss attributable to Compass, Inc.-$58.5M-$154.4M-$321.3M
Net loss per share attributable to Compass, Inc., basic (in dollars per share)-$0.10-$0.31-$0.69
Net loss per share attributable to Compass, Inc., diluted (in dollars per share)-$0.10-$0.31-$0.69
Weighted-average shares used in computing net loss per share attributable to Compass, Inc., basic (in shares)562.2M shares501.5M shares466.5M shares
Weighted-average shares used in computing net loss per share attributable to Compass, Inc., diluted (in shares)562.2M shares501.5M shares466.5M shares

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The story

Founded by Ori Allon and Robert Reffkin in 2012.1

Compass was founded by Ori Allon, Robert Reffkin, and Avi Dorfman as Urban Compass, Inc. in New York City in October 2012. Allon was a Director of Engineering at Twitter, and previously founded companies acquired by Twitter and Google. Reffkin had previously served as the chief of staff to the president of Goldman Sachs and worked in the White House. Avi Dorfman had previously worked at McKinsey & Company and Lehman Brothers, and founded a startup.

The company raised $8 million of seed funding. The initial business model employed full-time, salaried brokers and was focused only on rentals. The service was launched in May 2013.

In January 2014, Compass announced it would change its overall business model by contracting independent real estate agents, receiving a portion of the broker commission.

In July 2014, Compass signed a lease on 25,000 square feet of office space at 90 5th Avenue, which became its global headquarters.

In June 2014, Leonard Steinberg, previously with Douglas Elliman, was named president of the company. At that time, the company had 125 agents and 70 staff members.

In July 2016, the company launched a mobile app.

The company expanded into several markets, both organically and via acquisitions. By January 2017, the company operated in 9 U.S. markets: New York, Boston, San Francisco, Miami, Washington, the Hamptons, Los Angeles, Santa Barbara, and Aspen. At that time, it had 1,300 agents.

On April 1, 2021, the company became a public company via an initial public offering.

Read the full text

In November 2021, Compass settled with Avi Dorfman, ending an 8-year dispute, and acknowledging him as a member of the founding team. The company took a $21.3 million charge in connection with the matter.

The company announced several rounds of layoffs in 2022 and 2023.

In June 2025, Compass sued Zillow for violation of federal antitrust laws with its policy that any home that was put on the market but not available for listing on Zillow within 24 hours would be banned from its site.

From Wikipedia’s article on Compass, Inc., shared under CC BY-SA 4.0.6

Leadership

Who has led Compass RE, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert Reffkin2021–now

Chair

  1. Robert Reffkin2021–now

President

  1. Danielle J. Wilkie2021–2022
  2. Kamini R. Lane2021
  3. Neda Navab2021–2022

Chief financial officer

  1. Kristen M. Ankerbrandt2021–2022
  2. Kalani Reelitz2022–2025
  3. Scott R. Wahlers2025–now

Chief operating officer

  1. Gregory M. Hart2022–2023
201520202025
Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • Urban Compass, Inc.Dec 5, 2012 to Jan 11, 20215

Timeline

  1. Mar 31, 2021New chief executive Robert Reffkin becomes CEO15
  2. 2012Founded Founded1

Filings

647 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 61 major events, 408 insider forms, 31 large holders, 24 private raises, 103 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Oct 6, 2026D EDGAR
  3. Sep 24, 2026D EDGAR
  4. Sep 17, 20264 EDGAR
  5. Sep 17, 20264 EDGAR
  6. Sep 17, 20264 EDGAR
  7. Sep 16, 2026D EDGAR
  8. Aug 31, 2026N-PX EDGAR
  9. Aug 6, 202610-Q EDGAR
  10. Aug 5, 20264 EDGAR
  11. Aug 5, 20264 EDGAR
  12. Aug 4, 20268-K EDGAR
  13. Jul 31, 2026SCHEDULE 13G EDGAR
  14. Jul 27, 2026SCHEDULE 13G/A EDGAR
  15. Jul 17, 2026D EDGAR
  16. Jul 2, 20264 EDGAR
  17. Jun 17, 2026144 EDGAR
  18. Jun 17, 20264 EDGAR
  19. Jun 17, 20264 EDGAR
  20. Jun 17, 20264 EDGAR

The 647 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 31 such filings since October 2021, the latest 10:

  1. Jul 31, 2026SCHEDULE 13G
  2. Jul 27, 2026SCHEDULE 13G/A
  3. May 6, 2026SCHEDULE 13G/A
  4. Apr 29, 2026SCHEDULE 13G
  5. Mar 26, 2026SCHEDULE 13G/A
  6. Feb 17, 2026SCHEDULE 13G/A
  7. Nov 5, 2025SCHEDULE 13G/A
  8. Sep 2, 2025SCHEDULE 13G/A
  9. Aug 29, 2025SCHEDULE 13G
  10. Aug 7, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 9, 2026Raised $14.9 million in a private offering of equity Form D: 3 investors so far Form D
  2. Sep 1, 2026Raised $10.2 million in a private offering of equity Form D: 5 investors so far Form D
  3. Jul 2, 2026Raised $26.9 million in a private offering of equity Form D: 4 investors so far Form D
  4. Jan 16, 2026Raised $2.8 million in a private offering of equity Form D: 1 investor so far Form D
  5. Oct 30, 2025Raised $249,996 in a private offering of equity Form D: 2 investors so far Form D
  6. Oct 2, 2025Raised $370,966 in a private offering of equity Form D: 81 investors so far Form D
  7. Sep 10, 2025Raised $9 million in a private offering of equity Form D: 3 investors so far Form D
  8. Aug 28, 2025Raised $254.7 million in a private offering of equity Form D: 56 investors so far Form D
  9. Jul 25, 2025Raised $738,998 in a private offering of equity Form D: 1 investor so far Form D
  10. Jul 16, 2025Raised $501,897 in a private offering of equity Form D: 1 investor so far Form D
  11. Jun 13, 2025Raised $2.6 million in a private offering of equity Form D: 1 investor so far Form D
  12. May 7, 2024Raised $15.7 million in a private offering of equity Form D: $26.2 million offered in all Form D
  13. Apr 3, 2024Raised $6.8 million in a private offering of equity Form D: $8 million offered in all Form D
  14. Jan 30, 2024Raised $599,998 in a private offering of equity Form D: 4 investors so far Form D
  15. Jan 9, 2024Raised $5.1 million in a private offering of equity Form D: 1 investor so far Form D
  16. Oct 16, 2023Raised $844,953 in a private offering of equity Form D: 3 investors so far Form D
  17. Oct 6, 2023Raised $7.4 million in a private offering of equity Form D: 1 investor so far Form D
  18. Sep 29, 2023Raised $370,938 in a private offering of equity Form D: 1 investor so far Form D
  19. Aug 25, 2023Raised $599,999 in a private offering of equity Form D: 1 investor so far Form D
  20. Aug 25, 2023Raised $1.4 million in a private offering of equity Form D: 2 investors so far Form D
  21. Aug 24, 2023Raised $32.4 million in a private offering of equity Form D: 65 investors so far Form D
  22. Mar 22, 2023Raised $4.6 million in a private offering of equity Form D: 3 investors so far Form D
  23. Mar 6, 2023Raised $4.2 million in a private offering of equity Form D: 3 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC108,165,933$1.3B0.1%+611,331
Vanguard Portfolio Management LLC64,702,896$797.8M0.0%+4,666,018
BlackRock, Inc.55,411,412$683.2M0.0%+4,883,493
Vanguard Capital Management LLC32,402,495$399.5M0.0%+1,525,548
Sb Investment Advisers (uk) Ltd21,504,702$265.2M3.5%−500,000
Capital International Investors21,368,816$263.5M0.1%+1,425,400
Geode Capital Management, LLC18,646,930$230.0M0.0%+2,230,771
Castle Hook Partners LP17,025,377$209.9M2.2%+14,526,708
State Street Corp16,595,990$204.6M0.0%+1,943,429
D1 Capital Partners L.P.15,224,831$187.7M0.5%New
Artisan Partners Limited Partnership13,865,184$171.0M0.3%+3,820,627
Senvest Management, LLC12,569,334$155.0M4.5%+3,389,589
Parsifal Capital Management, LP11,859,422$146.2M17.9%−58,880
Charles Schwab Investment Management Inc10,232,090$126.2M0.0%−1,350,712
Divisadero Street Capital Management, LP9,505,505$117.2M2.7%+6,115,578
Norges Bank9,035,228$111.4M0.0%New
Jpmorgan Chase & Co8,690,461$104.7M0.0%+2,963,107
Rubric Capital Management LP8,218,394$101.3M0.9%+4,471,546
Discovery Capital Management, LLC / Ct7,526,497$92.8M3.9%+1,454,200
Avala Global LP7,291,665$89.9M3.3%+5,183,668
Wcm Investment Management, LLC7,287,246$87.4M0.2%+1,272,873
Winslow Capital Management, LLC6,934,620$85.5M0.3%No change
Philosophy Capital Management LLC6,727,996$83.0M8.0%−47,201
Northern Trust Corp6,667,404$82.2M0.0%+1,066,958
Kanen Wealth Management LLC6,447,324$79.7M19.5%+38,825

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 16, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−27.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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