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COMPASS Compass Reports Second Quarter 2021 Results Revenue increased 186 % year - over - year to $ 1.95 billion GAAP Net loss of $ 7 million Operations were profitable on a non - GAAP basis with Adjusted EBITDA of $ 71 million New York , NY - August 9 , 2021 - Compass , Inc. ( NYSE : COMP ) today announced its consolidated financial and operational results for the three months ended June 30 , 2021. The company posted a record quarter , nearly doubled its market share year - over - year , and now expects to achieve Adjusted EBITDA profitability in full - year 2022 , a year sooner than previously expected . Complete results can be found in the company's 2Q21 Shareholder Letter on the Investor Relations section of Compass ' website at https://investors.compass.com . " This past quarter Compass agents strongly outperformed their peers in one of the most competitive real estate markets in recent memory , delivering nearly $ 2 billion of revenue and $ 71 million of Adjusted EBITDA as the Compass platform continued to drive growth in agent productivity , " said Robert Reffkin , Founder , Chairman , and CEO of Compass , Inc. " Compass has nearly doubled its share of the national residential real estate market over the past year , and this record quarter validates our vision that agents , when powered by the Compass technology platform , are significantly more successful . " 2Q21 Financial Highlights : Revenue increased by 186 % year - over - year to a record $ 1.95 billion , as our agents nearly doubled Compass ' market share from 3.3 % to 6.2 % over the last year . GAAP Net Loss was $ ( 7 ) million , compared to $ ( 84 ) million in 2Q20 . O GAAP Net Loss margin was ( 0.4 % ) , compared to ( 12.3 % ) in 2Q20 . ● O Over the past four quarters , GAAP Net Loss totaled $ ( 273 ) million , which included a one - time non - cash stock - based compensation charge of $ 149 million related to our IPO . • Adjusted EBITDA¹ was a record $ 71 million , compared to $ ( 56 ) million in 2Q20 . O Adjusted EBITDA margin was 3.7 % in 2Q21 , compared to ( 8.3 % ) in 2Q20 , an improvement of 12 percentage points . O Over the past four quarters , Adjusted EBITDA totaled $ 44 million , demonstrating Compass ' ability to achieve Adjusted EBITDA profitability as the business gains scale and we continue to improve our operational efficiency . 2Q21 Operational Highlights : ¹ A reconciliation of GAAP to Non - GAAP measures can be found within the financial statement tables included within this press release .