Quarterly ResultMay 5, 2026, 04:14 PM
Compass Q1 GAAP Net Income $22M; Raises Synergy Targets
AI Summary
Compass, Inc. reported strong first-quarter 2026 financial results, with GAAP Net Income of $22 million and Adjusted EBITDA of $61 million, significantly improving from the prior year. The company achieved over $250 million in net cost synergies by April 1st and raised its 2026 realized cost synergy target to $200 million, and total actioned synergy target to $500 million over three years. Revenue grew 99% year-over-year to $2.70 billion, largely due to the Anywhere acquisition, and the company provided a positive outlook for Q2 and full-year 2026, expecting to be free cash flow positive for the full year.
Key Highlights
- Q1 GAAP Net Income was $22 million, compared to a net loss of $51 million in Q1 2025.
- Q1 Adjusted EBITDA was $61 million, up from $16 million in Q1 2025.
- Q1 Revenue increased 99% year-over-year to $2.70 billion; pro forma revenue increased 7% to $2.76 billion.
- Actioned over $250 million in net cost synergies by April 1st, 82 days after the Anywhere transaction close.
- Increased 2026 realized cost synergy target from $100 million to $200 million.
- Increased total actioned cost synergy target from $400 million to $500 million over the next three years.
- Q1 Brokerage Gross Transaction Value (GTV) was $97.3 billion, up 85.7% YoY; pro forma GTV up 7.3% to $98.7 billion.
- Q2 2026 Revenue outlook is $4.0 billion to $4.2 billion, with Adjusted EBITDA of $310 million to $350 million.