Filing Flows › Compass (COMP) › Q3 2025
Compass (COMP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Compass (COMP) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +24% from a year earlier and -10% from the quarter before. Operating margin was -0.4%, net loss $4.6M (0.2% of revenue).
Compass, Q3 2025: revenue $1.8B (+24% year over year), operating margin -0.4%, net loss $4.6M, operating cash flow $75.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -10% | +24% |
| Operating profit | −$7.2M | -118% | — |
| Net earnings | −$4.6M | -112% | — |
| Operating cash flow | $75.0M | +3% | +101% |
| Free cash flow | $73.1M | — | +123% |
What changed
Revenue was $1.8B in Q3 2025, up 24% year over year and down 10% from the previous quarter.
Operating costs exceeded revenue by $0.01B, an operating margin of -0.4%. Total costs grew 24% against revenue growth of 24%. The fastest-growing cost line was General & admin (+46%). The quarter ended with a net loss of $4.6M, after a profit of $0.04B the previous quarter. Non-operating items added $2.4M, -50% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.07B (up 101% year over year). Non-cash charges added back $0.03B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.01B. After capital expenditures ($1.9M), free cash flow as the company reports it was $0.07B.
Questions
What was Compass' revenue in the third quarter 2025?
Compass (COMP) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +24% from a year earlier and -10% from the quarter before.
Was Compass profitable in the third quarter 2025?
Operating loss was $7.2M (-0.4% of revenue) and net loss $4.6M.
Source: Compass 10-Q on SEC EDGAR.