Compass, Inc. (COMP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much, operator, and good afternoon, everybody. And thank you for joining the Compass second quarter 2025 earnings call. Joining us today will be Robert Refkin, our founder and CEO, and Kalani Riletz, our chief financial officer. In discussing our company's performance, we will refer to some non-GAAP measures. You can find the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures in our second quarter 2025 earnings release posted on our investor relations website. Any discussion regarding organic revenue, organic transactions, or organic GTV excludes any activity from businesses we acquired since April 1, 2024. We will make forward-looking statements that are based on our current expectations, forecasts, and assumptions and involve risks and uncertainties. These statements include our guidance for the third quarter of 2025 and full year 2025, including comments related to our expected financial results, operating expenses, and free cash flow, as well as our expectations for operational achievements. Our actual results may differ materially from these statements. You can find more information about risks, uncertainties, and other factors that could affect your results in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC and available on our Investor Relations website. You should not place undue reliance on any forward-looking statements. All information in this presentation is as of today's date, July 30th. We expressly disclaim any obligation to update this information. I will now turn the call over to Robert Refkin. Robert. Thank you for joining us today for our second quarter conference call. In what remains a trough level housing market, I am pleased to share that the Co...