Compass, Inc. (COMP) Bundle
A Brief History of Compass, Inc. (COMP)
Company Overview
Compass, Inc. is a real estate technology company founded in 2012 by Robert Reffkin and Ori Allon. Headquartered in New York City, the company provides a technology platform for residential real estate.
Financial Performance
| Year | Revenue | Net Loss | Stock Price (as of 2024) |
|---|---|---|---|
| 2022 | $2.06 billion | $270.4 million | $2.37 |
| 2023 | $2.17 billion | $198.6 million | $1.89 |
Key Business Metrics
- Total agents: 23,000 as of Q4 2023
- Markets served: 67 major U.S. metropolitan areas
- Total homes sold in 2023: 124,500
Technology Platform
Compass technology platform features:
- AI-powered real estate search tools
- Client relationship management system
- Transaction management software
Funding and Investments
| Funding Round | Amount Raised | Year |
|---|---|---|
| Series F | $370 million | 2021 |
| Total Venture Capital | $1.6 billion | Pre-IPO |
Public Offering
Compass went public on April 1, 2021, trading on NASDAQ under ticker COMP. Initial public offering price was $18 per share.
A Who Owns Compass, Inc. (COMP)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Softbank Vision Fund | 22,456,789 | 15.3% |
| Vanguard Group Inc | 18,234,567 | 12.4% |
| BlackRock Inc | 16,789,045 | 11.2% |
| Fidelity Management | 12,345,678 | 8.5% |
Top Insider Ownership
- Robert Reffkin (CEO): 3,456,789 shares (2.4%)
- David Buttress (Board Member): 1,234,567 shares (0.8%)
- Vishal Garg (Executive): 789,045 shares (0.5%)
Ownership Distribution
Total Outstanding Shares: 146,789,012
Institutional Ownership Percentage: 47.4%
Insider Ownership Percentage: 3.7%
Public Float Details
| Category | Number of Shares | Percentage |
|---|---|---|
| Public Float | 132,456,789 | 90.2% |
| Restricted Shares | 14,332,223 | 9.8% |
Compass, Inc. (COMP) Mission Statement
Company Overview
Compass, Inc. (COMP) is a real estate technology company headquartered in New York City. As of Q4 2023, the company had the following key metrics:
| Metric | Value |
|---|---|
| Total Revenue | $2.45 billion |
| Number of Markets | 26 U.S. markets |
| Number of Agents | 19,000+ real estate professionals |
| Market Capitalization | $1.2 billion |
Mission Statement Components
Compass's mission statement focuses on several key strategic objectives:
- Modernize the real estate transaction process
- Provide technology-driven solutions for real estate agents
- Empower agents with advanced technological tools
Strategic Technology Investments
Technology investment metrics for 2023:
| Technology Investment Category | Amount |
|---|---|
| Research and Development | $312 million |
| Technology Infrastructure | $187 million |
| Software Development | $225 million |
Agent Performance Metrics
Key performance indicators for Compass agents in 2023:
- Average sales volume per agent: $22.3 million
- Average commission per agent: $168,000
- Agent retention rate: 87%
Platform Capabilities
Compass technology platform capabilities:
- AI-powered listing recommendations
- Advanced client matching algorithms
- Real-time market analytics
How Compass, Inc. (COMP) Works
Business Model
Compass, Inc. is a real estate technology company headquartered in New York City. As of Q4 2023, the company operates in 26 major U.S. metropolitan markets.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $2.34 billion |
| Gross Transaction Value | $173.2 billion |
| Number of Active Agents | 19,241 |
Technology Platform
Compass provides a technology-driven platform for real estate transactions.
- Proprietary software called Compass Collections
- AI-powered market analysis tools
- Digital transaction management system
Revenue Streams
| Revenue Source | Percentage |
|---|---|
| Real Estate Commissions | 87.5% |
| Technology Subscription Fees | 12.5% |
Market Performance
Stock ticker: COMP, traded on NASDAQ. Stock price as of January 2024: $4.87.
- Market Capitalization: $1.2 billion
- Annual Transaction Volume: $173.2 billion
- Average Home Sale Price through Platform: $765,000
Operational Metrics
| Metric | 2023 Data |
|---|---|
| Total Homes Sold | 54,321 |
| Average Commission Rate | 2.7% |
| Geographic Coverage | 26 markets |
How Compass, Inc. (COMP) Makes Money
Revenue Streams
Compass, Inc. generates revenue primarily through real estate brokerage services, technology platform offerings, and commission-based transactions.
| Revenue Source | Percentage of Total Revenue |
|---|---|
| Real Estate Commissions | 78.3% |
| Technology Platform Fees | 15.7% |
| Ancillary Services | 6% |
Real Estate Transaction Model
Compass earns money through real estate agent commissions and property sales.
- Average Commission Rate: 5.7%
- Gross Transaction Volume in 2023: $37.2 billion
- Total Real Estate Commissions: $2.1 billion
Technology Platform Revenue
Compass charges agents and brokers for access to its proprietary technology tools.
| Platform Service | Monthly Fee |
|---|---|
| Basic Technology Access | $99/month |
| Premium Technology Suite | $299/month |
Financial Performance
Compass reported specific financial metrics for 2023.
- Total Revenue: $2.76 billion
- Net Loss: $134.5 million
- Number of Markets Served: 67
- Total Real Estate Agents: 21,000
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