MergerMay 8, 2026, 04:14 PM
Compass Q1 Net Income $22M; Anywhere Merger Completed Jan 9
AI Summary
Compass, Inc. reported a net income of $22 million for the three months ended March 31, 2026, a significant improvement from a net loss of $51 million in the prior year. This quarter's results reflect the impact of the Anywhere Real Estate Inc. merger, completed on January 9, 2026, which substantially increased the company's assets, liabilities, and revenue. Total revenue for the quarter more than doubled to $2,704 million, driven by the integration of Anywhere's operations.
Key Highlights
- Anywhere Real Estate Inc. merger completed on January 9, 2026.
- Total consideration transferred for Anywhere Merger was $2,569 million.
- Q1 2026 Net income attributable to Compass, Inc. was $22 million, up from a $51 million loss in Q1 2025.
- Q1 2026 Revenue increased to $2,704 million from $1,356 million in Q1 2025.
- Total assets grew to $8,117 million as of March 31, 2026, from $1,540 million at December 31, 2025.
- Long-term debt increased to $3,140 million as of March 31, 2026, from $0 at December 31, 2025.
- Q1 2026 Basic and diluted EPS was $0.03, compared to $(0.09) in Q1 2025.
- Cash and cash equivalents increased to $484 million at March 31, 2026, from $199 million at December 31, 2025.