Slide 1: Q1 2026 Business Update & Supplementary Information
Q1 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: 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 4: Q1 2026 Operational and Financial Metrics
Q1 2026 Operational and Financial Metrics Q1 2026 Q1 2026 Q1 2026 Revenue Total Agents GTV $2,704M 84,187 $97.3B Q1 2026 Q1 2026 Q1 2026 Total Transactions Adjusted EBITDA (1) Adjusted EBITDA Margin (1) 99,504 $61M 2.3% 4 (1) See Financial Tables section for a reconciliation of GAAP to Non-GAAP meas
Slide 5: Guidance
Guidance Q2 2026 Revenue $4.0 - $4.2 billion Adjusted EBITDA $310 - $350 million Weighted-Average Share Count 755 - 760 million FY 2026 Non-GAAP Operating Expenses (1) $2.70 - $2.75 billion Free Cash Flow Positive (1) Non-GAAP Operating Expenses includes the impact of $130 million of realized OPEX s
Slide 6: Financial Tables
COMPASS Financial Tables
Slide 7: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (in millions, unaudited) March 31, 2026 December 31, 2025 Assets Current assets Cash and cash equivalents $ 484 $ 199 Accounts receivable, net of allowance 180 57 Relocation receivables 160 — Other current assets 239 61 Total current assets 1,063 317 Property an
Slide 8: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (in millions, except share and per share data, unaudited) Three Months Ended March 31, (1) Total stock-based compensation expense included in the condensed consolidated statements of 2026 2025 operations is as follows (in millions): Revenue $ 2,704 $ 1
Slide 9: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (in millions, unaudited) Three Months Ended March 31, 2026 2025 Operating Activities Net income (loss) $ 22 $ (51) Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: Depreciation and amortization 163 29 S
Slide 10: Net Income (Loss) to Adjusted EBITDA Reconciliation
Net Income (Loss) to Adjusted EBITDA Reconciliation (in millions, unaudited) Three Months Ended March 31, 2026 2025 Net income (loss) attributable to Compass, Inc. $ 22 $ (51) Adjusted to exclude the following: Depreciation and amortization 163 29 Investment income (4) (1) Interest expense 37 2 Stoc
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 March 31, 2026 2025 Net cash (used in) provided by operating activities $ (157) $ 23 Less: Capital expenditures (11) (4) Free cash flow $ (168) $ 19 11
Slide 12: Reconciliation of GAAP to Non-GAAP Operating Expenses
Reconciliation of GAAP to Non-GAAP Operating Expenses (in millions, unaudited) Three Months Ended March 31, 2026 2025 GAAP Sales and marketing $ 97 $ 58 Adjusted to exclude the following: Stock-based compensation (5) (7) Non-GAAP Sales and marketing $ 92 $ 51 GAAP Operations and support $ 398 $ 132
Slide 13: 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 March 31, June 30, September 30, December 31, March 31, 2025 2025 2025 2025 2026 Sales and marketing $ 51 $ 52 $ 50 $ 53 $ 92 Operations and support 127 138 134 135 387 Tech
Slide 14: Segment Operating Performance - Q1 2026
Segment Operating Performance - Q1 2026 (in millions, unaudited) Three Months Ended March 31, 2026 Brokerage Franchise Integrated Services Total Segment revenue $ 2,467 $ 90 $ 147 $ 2,704 Less: Commission and other related expenses 2,007 — — Sales and marketing 79 7 6 Operations and support 224 31 1
Slide 15: Segment Operating Performance - Q1 2025
Segment Operating Performance - Q1 2025 (in millions, unaudited) Three Months Ended March 31, 2025 Brokerage Franchise Integrated Services Total Segment revenue $ 1,328 $ 6 $ 22 $ 1,356 Less: Commission and other related expenses 1,105 — — Sales and marketing 49 1 1 Operations and support 106 2 19 T
Slide 16: 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 17: 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 18: Investor Contact
Investor Contact Soham Bhonsle Investorrelations@compass.com