Compass, Inc. announced its financial results for the fourth quarter and full-year ended December 31, 2024, on February 18, 2025. The company reported a 25.9% year-over-year revenue growth in Q4, reaching $1.38 billion, with organic revenue growing 20.9% year-over-year.
The company's market share expanded by 65 basis points year-over-year to 5.06% in Q4, marking its highest year-over-year increase in twelve quarters. Total transactions grew 24.1%, significantly outpacing the overall market's 6.8% growth, while organic transactions increased by 15.5%.
Compass achieved $122 million in full-year operating cash flow, or $150 million prior to the NAR-related settlement payment. In Q4 2024, the company generated positive operating cash flow of $30.5 million and free cash flow of $26.7 million, making it free cash flow positive in every single quarter of 2024, with full-year free cash flow reaching $105.8 million.
Operating expenses (OPEX) for the full year came in $8 million below the low-end of guidance, demonstrating continued cost discipline. For Q1 2025, Compass provided revenue guidance of $1.3 billion to $1.45 billion and Adjusted EBITDA guidance of $0 million to $20 million. The full-year 2025 outlook projects revenue between $6.5 billion and $7.0 billion and Adjusted EBITDA of $150 million to $200 million, with continued positive free cash flow.
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