Slide 1: Q4 & FY 2025 Business Update & Supplementary Information
Q4 & FY 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 Achieves Significant YoY Growth in Q4 2025
Compass Achieves Significant YoY Growth in Q4 2025 Q4 2025 Q4 2025 Q4 2025 Q4 2025 Revenue Adjusted EBITDA (1) Adjusted EBITDA Margin (1) Free Cash Flow (1) $1,699.8M $58.3M 3.4% $42.2M +23.1% Y-o-Y +$41.6M Y-o-Y +220 BPS Y-o-Y +$15.5M Y-o-Y Q4 2025 Q4 2025 Q4 2025 Operating Cash Flow Number of Prin
Slide 4: Compass Delivers Record FY 2025 Results
Compass Delivers Record FY 2025 Results FY 2025 FY 2025 FY 2025 Revenue Adjusted EBITDA (1) Adjusted EBITDA Margin (1) $6,961.6M $293.4M 4.2% +23.7% Y-o-Y +$167.4M Y-o-Y +200 BPS Y-o-Y FY 2025 FY 2025 FY 2025 Free Cash Flow (1) Operating Cash Flow Gross Transaction Value $203.3M $216.7M $267.0B +$97
Slide 5: Compass' KPI's Hit All-time Highs in Q4 2025 and FY 2025
Compass' KPI's Hit All-time Highs in Q4 2025 and FY 2025 Total Revenue ($M) Gross Transaction Value ($B) 23% y-o-y growth 21% y-o-y growth $6,962 $267.0 $65.6 $6,018 $1,700 $230.3 $5,629 $216.8 $54.0 $4,885 $1,380 $186.1 2022 2023 2024 2025 Q4 24 Q4 25 2022 2023 2024 2025 Q4 24 Q4 25 Number of Princ
Slide 6: Guidance Q1 2026
Guidance Q1 2026 Revenue (1) $2.55 - $2.75 billion Adjusted EBITDA (1)(2) $15 - $35 million Weighted-Average Share Count (3) 720 - 730 million (1) Q1 2026 Revenue and Adjusted EBITDA guidance ranges are inclusive of Anywhere Real Estate Inc.’s (“Anywhere”) results starting on January 9, 2026. (2) Ad
Slide 7: Financial Tables
COMPASS Financial Tables
Slide 8: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (in millions, unaudited) December 31, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 199.0 $ 223.8 Accounts receivable, net of allowance 57.0 48.6 Compass Concierge receivables, net of allowance 25.0 24.4 Other current assets 36.2 33.2
Slide 9: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (in millions, except share and per share data, unaudited) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 (1) Total stock-based compensation expense included in the condensed consolidated statements of operations is as follo
Slide 10: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (in millions, unaudited) Year Ended December 31, 2025 2024 Operating Activities Net loss $ (58.7) $ (154.5) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 112.7 82.4 Stock-based compensatio
Slide 11: Net Loss to Adjusted EBITDA Reconciliation
Net Loss to Adjusted EBITDA Reconciliation (in millions, unaudited) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net loss attributable to Compass, Inc. $ (42.6) $ (40.5) $ (58.5) $ (154.4) Adjusted to exclude the following: Depreciation and amortization 26.9 19.7 112.7
Slide 12: Reconciliation of Operating Cash Flows to Free Cash Flow
Reconciliation of Operating Cash Flows to Free Cash Flow (in millions, unaudited) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net cash provided by operating activities (1) $ 45.3 $ 30.5 $ 216.7 $ 121.5 Less: Capital expenditures (3.1) (3.8) (13.4) (15.7) Free cash flo
Slide 13: Reconciliation of GAAP to Non-GAAP Operating Expenses
Reconciliation of GAAP to Non-GAAP Operating Expenses (in millions, unaudited) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 GAAP Sales and marketing $ 96.0 $ 92.2 $ 377.9 $ 368.7 Adjusted to exclude the following: Stock-based compensation (8.0) (7.5) (32.6) (31.5) Non-
Slide 14: Non-GAAP Operating Expenses Excluding Commissions and Other Related Expense
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, September 30, December 31, 2024 2024 2024 2024 2025 2025 2025 2025 Sales and marketing $ 85.5 $ 86.6 $ 80.4 $ 84.7
Slide 15: Key Business Metrics and Non-GAAP Financial Measures
Key Business Metrics and Non-GAAP Financial Measures (unaudited) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Total Transactions (1) 60,328 50,411 250,360 205,122 Gross Transaction Value (in billions) $ 65.6 $ 54.0 $ 267.0 $ 216.8 Number of Principal Agents (2) 21,190
Slide 16: Investor Contact
https://drive.google.com/open? id=1gPpUO4ewMxSDefUnkxNOuFRD39JZrFHR&us p=drive_copy Investor Contact Soham Bhonsle Investorrelations@compass.com