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Compass (COMP) guidance and outlook
Compass (COMP) lowered its guidance on Nov 5, 2026: Revenue $3.1B–$3.4B for Q4 2026; EBITDA $100M–$130M for Q4 2026; Operating expenses $2.7B for FY2026. Compass' 10-Q filed Nov 6, 2026 makes 12 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | $3.1B–$3.4B | new |
| EBITDA | Q4 2026 | $100M–$130M | new |
| Operating expenses | FY2026 | $2.7B | lowered |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- We plan to release Home Platform to our franchise network in 2027.
- The Convertible Notes will be redeemable, in whole or in part (subject to certain limitations), at our option at any time, and from time to time, on or after April 20, 2029 and on or before the 40th scheduled trading day immediately before the maturity date, at a cash redemption price.
- The Capped Call Transactions are expected generally to reduce potential dilution to the Class A common stock upon any conversion of the Convertible Notes and/or offset any potential cash payments we are required to make in excess of the principal amount of such converted Convertible Notes, as the case may be, with such reduction and/or offset subject to a cap.
- We believe that this seasonality has affected and will continue to affect our quarterly results.
- We use Adjusted EBITDA and Adjusted EBITDA margin, together with GAAP measures, as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our board of directors regarding our financial performance.
- In the future, we may incur expenses similar to the adjustments reflected in these measures, and our presentation of Adjusted EBITDA and Adjusted EBITDA margin should not be construed to imply that our future results will be unaffected by the items excluded from their calculation.
- Additionally, we expect to fund merger and integration-related expenses from our available liquidity.
- These debt maturities in 2029, 2030, and 2031 totaling approximately $3.1 billion represent a long‑term liquidity consideration, which management will continue to evaluate as part of its capital planning.
- As described under the header “Real Estate Commission Sell-Side Antitrust Litigation” in Note 11 — “Commitments and Contingencies” to the condensed consolidated financial statements included elsewhere in this Quarterly Report, $54 million in remaining settlement payments under the Burnett, Moehrl, and Nosalek cases will be due within 21 business days after all appellate rights are exhausted; the timing is…
- Assuming final court approval of each of the Anywhere and Compass Opt-In Settlements, we currently expect to pay the remaining settlement amounts no earlier than the fourth quarter of 2026 and more likely in 2027.
- As part of the Transaction, the Company became a 51% holder of Franchisee Parent's common equity and entered into a 30-month installment payment plan pursuant to which certain outstanding indebtedness owed to the Company will be satisfied.
- We believe we will continue to meet our cash flow needs over the next twelve months through the sources outlined above.
Compass' latest quarter
Compass, Q3 2026: revenue $3.9B (+111% year over year), operating margin 2.2%, net earnings $63.0M, operating cash flow $248M. The chart follows the revenue to costs, profit and cash.
Questions
Did Compass raise or lower its guidance?
Compass (COMP) lowered its guidance on Nov 5, 2026: Revenue $3.1B–$3.4B for Q4 2026; EBITDA $100M–$130M for Q4 2026; Operating expenses $2.7B for FY2026.
What does Compass expect?
We plan to release Home Platform to our franchise network in 2027. The Convertible Notes will be redeemable, in whole or in part (subject to certain limitations), at our option at any time, and from time to time, on or after April 20, 2029 and on or before the 40th scheduled trading day immediately before the maturity date, at a cash redemption price. The Capped Call Transactions are expected generally to reduce potential dilution to the Class A common stock upon any conversion of the Convertible Notes and/or offset any potential cash payments we are required to make in excess of the principal
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.