Filing Flows › Compass (COMP) › Q4 2025
Compass (COMP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Compass (COMP) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and -8% from the quarter before. Operating margin was -2.5%, net loss $42.7M (2.5% of revenue).
Compass, Q4 2025: revenue $1.7B (+23% year over year), operating margin -2.5%, net loss $42.7M, operating cash flow $45.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -8% | +23% |
| Operating profit | −$42.4M | — | — |
| Net earnings | −$42.7M | — | — |
| Operating cash flow | $45.7M | -39% | +50% |
| Free cash flow | $42.3M | -42% | +58% |
What changed
Revenue was $1.7B in Q4 2025, up 23% year over year and down 8% from the previous quarter.
Operating costs exceeded revenue by $0.04B, an operating margin of -2.5%. Total costs grew 23% against revenue growth of 23%. The fastest-growing cost line was Research & development (+39%). The quarter ended with a net loss of $0.04B, wider than the previous quarter's $4.6M loss.
Operating cash flow was $0.05B (up 50% 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 added $4.0M. Capital expenditures of $3.4M left free cash flow of $0.04B.
Questions
What was Compass' revenue in the fourth quarter 2025?
Compass (COMP) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and -8% from the quarter before.
Was Compass profitable in the fourth quarter 2025?
Operating loss was $42.4M (-2.5% of revenue) and net loss $42.7M.
Source: Compass 10-K on SEC EDGAR.