The stock should react positively to the profitability milestone and raised synergy targets. However, negative free cash flow (-$168M) due to integration costs may temper near-term enthusiasm. Watch for cash flow improvement in Q2 as guided.
Price Chart
Executive Summary
Compass reported a historic first GAAP-profitable quarter with Q1 2026 net income of $22M, driven by the Anywhere acquisition and strong cost synergy execution. Revenue of $2.70B beat the midpoint of guidance, and Adjusted EBITDA of $61M came in above the high end, while the company raised its 2026 realized cost synergy target from $100M to $200M.
Key Financial Metrics
Key Facts
- First GAAP profitable quarter: net income $22M vs net loss $51M YoY
- Revenue $2.70B (+99% reported, +7% pro forma)
- Adjusted EBITDA $61M vs $16M in Q1 2025
- Raised 2026 realized cost synergy target to $200M (from $100M)
- Q2 2026 revenue guidance $4.0B-$4.2B, Adjusted EBITDA $310M-$350M
- Ended quarter with $484M cash; long-term debt $3.14B
Financial Impact
GAAP EPS of $0.03 beat consensus of -$0.17 by $0.20 (117% surprise); revenue of $2.70B beat estimate of $2.67B by $34M (1.3%).
Risk Factors
- Negative operating and free cash flow due to integration costs
- High leverage with $3.14B in long-term debt
- Housing market sensitivity and mortgage rate headwinds
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001563190-26-000094 |
| Document: comp-20260505.htm | 0001563190-26-000094 |
| Document: 0001563190-26-000094-index-headers.html | 0001563190-26-000094 |
| Document: 0001563190-26-000094-index.html | 0001563190-26-000094 |
| Document: 0001563190-26-000094.txt | 0001563190-26-000094 |
| 8-K Data (Synthetic) | 0001563190-26-000094 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | Institutional Cluster | $11.75 $10.13 | ▼ −13.79% | ▼ −13.26% | $9.27 (−21.06%) |
Jul 21, 2026 10w ago | Press Release | $11.42 $12.30 | ▲ +7.71% | ▲ +5.14% | $9.27 (−18.78%) |
Jul 4, 2026 12w ago | Institutional Cluster | $12.99 $11.39 | ▼ −12.32% | ▼ −11.75% | $9.27 (−28.60%) |
May 6, 2026 21w ago | 144 | $8.74 $7.61 | ▼ −12.93% | ▼ −16.07% | $9.27 (+6.12%) |
May 5, 2026 21w ago | 8-K | $9.24 $7.61 | ▼ −17.64% | ▼ −20.42% | $9.27 (+0.38%) |
Apr 17, 2026 24w ago | 8-K | $8.14 $7.75 | ▼ −4.79% | ▼ −10.16% | $9.27 (+13.94%) |
US Market Status
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