Slide 1: Q2 2026 Business Update & Supplementary Information
Q2 2026 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: AI Assistant Testimonials
AI Assistant Testimonials Rodneshia LaShay “I emailed 40 past clients flagged Likely to Sell (that truly were, after scrubbing a list of 70) using AI Florida Assistant, and got 4 responses with 2 appointments scheduled for next week.” “I only had about 15 minutes before I needed to shut down my comp
Slide 4: Baseline Scenario Analysis & Incremental Growth Levers
Baseline Scenario Analysis & Incremental Growth Levers 2025 Full Synergized Scenarios (1) All scenarios assume $500mln in cost synergies ($420mln in OpEx & $80mln in CapEx) EHS is the only changing variable in each scenario for Revenue 2025 (2) Flat Mid-recovery Mid-cycle Upside Key Assumptions ● As
Slide 5: Q2 2026 Operational and Financial Metrics
Q2 2026 Operational and Financial Metrics Q2 2026 Q2 2026 Q2 2026 Revenue Brokerage Total Agents Brokerage GTV $4,306M 83,184 $155.2B Q2 2026 Q2 2026 Q2 2026 Brokerage Total Transactions Adjusted EBITDA (1) Adjusted EBITDA Margin (1) 153,009 $363M 8.43% 5 (1) See Financial Tables section for a recon
Slide 6: Guidance
Guidance Q3 2026 Revenue $3.85 - $4.05 billion Adjusted EBITDA $275 - $305 million Weighted-Average Share Count - Basic 767 - 769 million FY 2026 Non-GAAP Operating Expenses (1) $2.75 - $2.80 billion Free Cash Flow Positive (1) Non-GAAP Operating Expenses includes the impact of $35 million of OPEX f
Slide 7: Financial Tables
COMPASS Financial Tables
Slide 8: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (in millions, unaudited) June 30, 2026 December 31, 2025 Assets Current assets Cash and cash equivalents $ 694 $ 199 Accounts receivable, net of allowance 239 57 Relocation receivables 214 — Other current assets 238 61 Total current assets 1,385 317 Property and
Slide 9: 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, (1) Total stock-based compensation expense included in the condensed consolidated statements of operations is as 2026 2025 2026 2025 follows
Slide 10: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (in millions, unaudited) Six Months Ended June 30, 2026 2025 Operating Activities Net income (loss) $ 114 $ (12) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 316 58 Stock-based c
Slide 11: 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, 2026 2025 2026 2025 Net income (loss) attributable to Compass, Inc. $ 92 $ 39 $ 114 $ (12) Adjusted to exclude the following: Depreciation and amortization 153 29 316 58
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 June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net cash provided by operating activities $ 191 $ 73 $ 34 $ 96 Less: Capital expenditures (11) (5) (22) (9) Free cash flow $ 180 $ 68 $ 12 $ 87
Slide 13: 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, 2026 2025 2026 2025 GAAP Sales and marketing $ 108 $ 61 $ 205 $ 119 Adjusted to exclude the following: Stock-based compensation (4) (9) (9) (16) Non-GAAP Sales and mar
Slide 14: Total Non-GAAP Operating Expenses Excluding Commissions and Other Related Expenses
Total Non-GAAP Operating Expenses Excluding Commissions and Other Related Expenses (in millions, unaudited) Three Months Ended June 30, September 30, December 31, March 31, June 30, 2025 2025 2025 2026 2026 Sales and marketing $ 52 $ 50 $ 53 $ 92 $ 104 Operations and support 138 134 135 387 419 Tech
Slide 15: Segment Operating Performance - Q2 2026
Segment Operating Performance - Q2 2026 (in millions, unaudited) Three Months Ended June 30, 2026 Brokerage Franchise Integrated Services Total Segment revenue $ 3,960 $ 135 $ 211 $ 4,306 Less: Commissions and other related expenses 3,254 — — Sales and marketing 88 10 6 Operations and support 229 32
Slide 16: Segment Operating Performance - Q2 2025
Segment Operating Performance - Q2 2025 (in millions, unaudited) Three Months Ended June 30, 2025 Brokerage Franchise Integrated Services Total Segment revenue $ 2,013 $ 8 $ 39 $ 2,060 Less: Commissions and other related expenses 1,686 — — Sales and marketing 50 1 1 Operations and support 108 4 25 T
Slide 17: Segment Operating Performance - Q2 2026 YTD
Segment Operating Performance - Q2 2026 YTD (in millions, unaudited) Six Months Ended June 30, 2026 Brokerage Franchise Integrated Services Total Segment revenue $ 6,427 $ 225 $ 358 $ 7,010 Less: Commissions and other related expenses 5,261 — — Sales and marketing 167 17 12 Operations and support 45
Slide 18: Segment Operating Performance - Q2 2025 YTD
Segment Operating Performance - Q2 2025 YTD (in millions, unaudited) Six Months Ended June 30, 2025 Brokerage Franchise Integrated Services Total Segment revenue $ 3,341 $ 14 $ 61 $ 3,416 Less: Commissions and other related expenses 2,791 — — Sales and marketing 99 2 2 Operations and support 214 6 4
Slide 19: Key Business Metrics
Key Business Metrics (unaudited) The following table presents the Company's key business metrics on both an actual and pro forma basis. Pro forma metrics reflect the combined operations of Compass and Anywhere as if the acquisition had occurred on January 1, 2025, and therefore include Anywhere's re
Slide 20: Supplemental Pro Forma Information
Supplemental Pro Forma Information (in millions, unaudited) The following table presents Supplemental Pro Forma Revenue and Commissions and other related expenses for the Company (“Compass”) and Anywhere Real Estate Inc. ("Anywhere") on a combined basis for the periods presented, as if the Company's
Slide 21: Investor Contact
Investor Contact Soham Bhonsle Investorrelations@compass.com