Slide 1: 2Q 2024 Business Update & Supplementary Information
2Q 2024 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: 2Q 2024 Highlights
2Q 2024 Highlights FINANCIAL(1) OPERATIONAL $1,701M | +14% 16,997 | +24% 2Q 2024 Revenue & Y-o-Y Change 2Q 2024 Number of Principal Agents & Y-o-Y Change(2)(3) 17.4% | Declined 70 BPS 33,259 | +15% 2Q 2024 Revenue less Non-GAAP Commissions & Other 2Q 2024 Number of Agents & Y-o-Y Change(2) Related E
Slide 4: Compass Increases Revenue, Agent Count, Total Transactions & GTV in 2Q 2024
Compass Increases Revenue, Agent Count, Total Transactions & GTV in 2Q 2024 Total Revenue ($M) Gross Transaction Value ($B) 14% y-o-y increase 14% y-o-y increase $254.2 $65.0 $6,421 $1,701 $230.3 $6,018 $56.8 $1,494 $4,885 $186.1 $151.7 $3,721 2020 2021 2022 2023 2Q23 2Q24 2020 2021 2022 2023 2Q23 2
Slide 5: Guidance
Guidance 3Q 2024 Revenue $1.425 - $1.525 billion Adjusted EBITDA $30 - $50 million Weighted-Average 506 - 509 million Share Count(1) (1) Weighted-average share count forecast excludes any potential share issuances for future mergers and acquisitions. FY 2024 Non-GAAP Operating $876 - $896 million Ex
Slide 6: Financial Tables
COMPASS Financial Tables
Slide 7: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (in millions, unaudited) June 30, 2024 December 31, 2023 Assets Current assets Cash and cash equivalents $ 185.8 $ 166.9 Accounts receivable, net of allowance 56.8 36.6 Compass Concierge receivables, net of allowance 33.2 24.0 Other current assets 44.7 54.5 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, 2024 2023 2024 2023 (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, 2024 2023 Operating Activities Net loss $ (112.2) $ (197.1) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 42.2 47.2 Stock-based
Slide 10: Net Loss to Adjusted EBITDA Reconciliation
Net Loss to Adjusted EBITDA Reconciliation (in millions, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net income (loss) attributable to Compass, Inc. $ 20.7 $ (47.8) $ (112.2) $ (198.2) Adjusted to exclude the following: Depreciation and amortization 21.4 22.3
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, 2024 2023 2024 2023 Net cash provided by (used in) operating activities $ 45.0 $ 53.3 $ 53.6 $ (2.2) Less: Capital expenditures (4.6) (2.6) (7.3) (6.1) Free cash fl
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, 2024 2023 2024 2023 GAAP Commissions and other related expense $ 1,405.3 $ 1,224.0 $ 2,267.6 $ 2,014.9 Adjusted to exclude the following: Stock-based compensation — —
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, 2023 2023 2023 2023 2024 2024 Sales and marketing $ 106.7 $ 104.3 $ 95.1 $ 94.3 $ 85.5 $ 86.6 Operations and
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, 2024 2023 2024 2023 Total Transactions(1) 60,390 54,207 98,839 90,093 Gross Transaction Value (in billions) $ 65.0 $ 56.8 $ 105.1 $ 93.4 (2)(3) Number of Principal Agents 16,997 13,
Slide 15: Investor Contact
Investor Contact Kalani Reelitz Investorrelations@compass.com