Compass, Inc. (COMP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to the Compass Inc. 2025 Q4 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 on your telephone keypad. To withdraw your question, press star 1 again. I would now like to turn our call over to Soham Bonslay, Head of Investor Relations. Please go ahead. Thank you very much, Operator. And good afternoon, everybody. And thank you for joining the Compass fourth quarter 2025 earnings call. Joining us today will be Robert Refkin, our founder and CEO, and Scott Wallers, 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 fourth quarter 2025 earnings release posted on our investor relations website. Any discussion regarding organic revenue, organic op-ex, organic transactions, or organic GTV excludes activity from businesses we acquired since October 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 first quarter of 2026, the recently closed Anywhere transaction, and full year 2026 and beyond, including comments related to 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 our results in the most recent annual report on Form 10-K filed with the SEC and available on our investor relations website. You should not place undue reliance on any forward-looking st...