Slide 1: Business Update & Supplementary Information
2Q 2025 Business Update & Supplementary Information 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation includes forward-looking statements, which are statements other than statements of historical facts, and statements in the future tense. These statements include, but are not limited to, statements regarding our future performance, including expected financial
Slide 3: Compass Delivers Record Results in 2Q 2025
Compass Delivers Record Results in 2Q 2025 2Q 2025 2Q 2025 2Q 2025 2Q 2025 Revenue Adjusted EBITDA(1) Adjusted EBITDA Margin(1) Free Cash Flow(1) $2,059.6M $125.9M 6.1% $68.0M +21% Y-o-Y +$48.5M Y-o-Y +150 BPS Y-o-Y +$27.6M Y-o-Y 2Q 2025 2Q 2025 2Q 2025 2Q 2025 GAAP Net Income Number of Principal Ag
Slide 4: Compass Increases Revenue, Agent Count, Total Transactions & GTV in 2Q 2025
Compass Increases Revenue, Agent Count, Total Transactions & GTV in 2Q 2025 Total Revenue ($M) Gross Transaction Value ($B) 21% y-o-y growth 20% y-o-y growth $254.2 $6,421 $230.3 $78.3 $6,018 $216.8 $5,629 $4,885 $2,060 $186.1 $65.0 $1,701 2021 2022 2023 2024 2Q24 2Q25 2021 2022 2023 2024 2Q24 2Q25
Slide 5: Guidance
Guidance 3Q 2025 Revenue $1.725 - $1.850 billion Adjusted EBITDA $60 - $80 million Weighted-Average Share Count 566 - 569 million FY 2025 Non-GAAP Operating Expenses(1) $1.010 - $1.020 billion Free Cash Flow Positive (1) Non-GAAP OPEX of $1.010 billion to $1.020 billion reflects a reduction from the
Slide 6: Financial Tables
COMPASS Financial Tables
Slide 7: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (in millions, unaudited) June 30, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 177.3 $ 223.8 Accounts receivable, net of allowance 96.9 48.6 Compass Concierge receivables, net of allowance 38.3 24.4 Other current assets 35.9 33.2 Tota
Slide 8: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (in millions, except share and per share data, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (1) Total stock-based compensation expense included in the condensed consolidated statements of operations is as follows
Slide 9: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (in millions, unaudited) Six Months Ended June 30, 2025 2024 Operating Activities Net loss $ (11.6) $ (112.2) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 58.2 42.2 Stock-based compensati
Slide 10: Net Income (Loss) to Adjusted EBITDA Reconciliation
Net Income (Loss) to Adjusted EBITDA Reconciliation (in millions, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net income (loss) attributable to Compass, Inc. $ 39.4 $ 20.7 $ (11.3) $ (112.2) Adjusted to exclude the following: Depreciation and amortization 29.
Slide 11: Reconciliation of Operating Cash Flows to Free Cash Flow
Reconciliation of Operating Cash Flows to Free Cash Flow (in millions, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net cash provided by operating activities $ 72.8 $ 45.0 $ 95.9 $ 53.6 Less: Capital expenditures (4.8) (4.6) (8.4) (7.3) Free cash flow $ 68.0 $
Slide 12: Reconciliation of GAAP to Non-GAAP Operating Expenses
Reconciliation of GAAP to Non-GAAP Operating Expenses (in millions, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 GAAP Sales and marketing $ 96.4 $ 94.9 $ 188.1 $ 188.3 Adjusted to exclude the following: Stock-based compensation (8.8) (8.3) (15.6) (16.2) Non-GA
Slide 13: Total Non-GAAP Operating Expenses Excluding Commissions and Other Related Expense
Total Non-GAAP Operating Expenses Excluding Commissions and Other Related Expense (in millions, unaudited) Three Months Ended March 31, June 30, September 30, December 31, March 31, June 30, 2024 2024 2024 2024 2025 2025 Sales and marketing $ 85.5 $ 86.6 $ 80.4 $ 84.7 $ 84.9 $ 87.6 Operations and su
Slide 14: Key Business Metrics and Non-GAAP Financial Measures
Key Business Metrics and Non-GAAP Financial Measures (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Total Transactions (1) 73,025 60,390 122,146 98,839 Gross Transaction Value (in billions) $ 78.3 $ 65.0 $ 130.7 $ 105.1 (2) Number of Principal Agents 20,965 16,
Slide 15: Investor Contact
Investor Contact Soham Bhonsle Investorrelations@compass.com