Filing Flows › Compass (COMP) › Q1 2026
Compass (COMP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Compass (COMP) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), +99% from a year earlier and +59% from the quarter before. Operating margin was -13.0%, net earnings $22.0M (0.8% of revenue).
Compass, Q1 2026: revenue $2.7B (+99% year over year), operating margin -13.0%, net earnings $22.0M, operating cash flow −$157M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +59% | +99% |
| Operating profit | −$351M | — | — |
| Net earnings | $22.0M | — | — |
| Operating cash flow | −$157M | -444% | -783% |
What changed
Revenue was $2.7B in Q1 2026, up 99% year over year and up 59% from the previous quarter. Gross commission income was the largest line at 91% of revenue. Gross commission income added $1.1B year over year (up 85%), 84% of the total change.
Operating costs exceeded revenue by $0.35B, an operating margin of -13.0%. Total costs grew 117% against revenue growth of 99%. The fastest-growing cost line was General & admin (+200%). Net earnings were $0.02B.
Operating cash flow was −$0.16B. Non-cash charges added back $0.16B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items used $0.45B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.17B.
Questions
What was Compass' revenue in the first quarter 2026?
Compass (COMP) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), +99% from a year earlier and +59% from the quarter before.
Was Compass profitable in the first quarter 2026?
Operating loss was $351M (-13.0% of revenue) and net earnings $22.0M.
Source: Compass 10-Q on SEC EDGAR.