Kalani Riletz
Chief Financial Officer
Replay available
Compass, Inc. (NYSE: COMP) Q2 2025 earnings conference call, held 2025-07-30. Replay captured from the company's public earnings webcast.

Chief Financial Officer
Investor Relations
Analyst, Needham & Company
Analyst, Goldman Sachs
Analyst, Zelman & Associates
Founder & Chief Executive Officer
Analyst, Barclays
Analyst, Wells Fargo
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WEBVTT 00:00:00.031 -- 00:00:03.014 Thank you very much, operator, and good afternoon, everybody. 00:00:03.014 -- 00:00:07.860 And thank you for joining the Compass second quarter 2025 earnings call. 00:00:07.860 -- 00:00:12.625 Joining us today will be Robert Refkin, our founder and CEO, and Kalani Riletz, our chief 00:00:12.625 -- 00:00:17.170 financial officer. In discussing our company's performance, we will refer to some non-GAAP 00:00:17.170 -- 00:00:22.355 measures. You can find the reconciliation of these non-GAAP measures to the most directly 00:00:22.355 -- 00:00:27.541 comparable GAAP measures in our second quarter 2025 earnings release posted on our investor 00:00:27.541 -- 00:00:29.613 relations website. 00:00:29.613 -- 00:00:35.041 Any discussion regarding organic revenue, organic transactions, or organic GTV 00:00:35.041 -- 00:00:39.227 excludes any activity from businesses we acquired since April 1, 2024. 00:00:39.227 -- 00:00:41.227 We 00:00:41.711 -- 00:00:46.638 will make forward-looking statements that are based on our current expectations, forecasts, 00:00:46.638 -- 00:00:50.656 and assumptions and involve risks and uncertainties. 00:00:50.656 -- 00:00:56.568 These statements include our guidance for the third quarter of 2025 and full year 2025, 00:00:56.568 -- 00:01:01.599 including comments related to our expected financial results, operating expenses, 00:01:01.599 -- 00:01:07.250 and free cash flow, as well as our expectations for operational achievements. 00:01:07.250 -- 00:01:11.108 Our actual results may differ materially from these statements. 00:01:11.108 -- 00:01:15.394 You can find more information about risks, uncertainties, and other factors that could 00:01:15.394 -- 00:01:20.800 affect your results in our most recent annual report o...