Compass posts record Q3 2026 revenue, net income and adjusted EBITDA
Compass reported third‑quarter 2026 revenue of $3.9 billion, up about 12% year‑over‑year, and GAAP net income of $62 million, its first profitable Q3. Adjusted EBITDA reached $306 million, surpassing the top of its guidance range. The company generated $248 million of operating cash flow, free cash flow of $240 million and ended the quarter with $841 million in cash, enabling it to plan redemption of $500 million of 9.75% notes in Q2 2027. It forecast Q4 revenue of $3.15‑$3.35 billion and adjusted EBITDA of $100‑$130 million, both below analyst expectations.
Why it matters
The record results and strong cash position give Compass flexibility to retire debt, which the company says will improve its balance sheet. However, the lower‑than‑expected Q4 guidance may weigh on the stock as analysts had projected higher revenue and EBITDA.
Key facts
- 1Q3 revenue was $3.9 billion, up 12% year‑over‑year. prnewswire.com
- 2GAAP net income for Q3 was $62 million. prnewswire.com
- 3Adjusted EBITDA for Q3 was $306 million, above the high end of guidance. prnewswire.com
- 4Operating cash flow in Q3 was $248 million. prnewswire.com
- 5Free cash flow in Q3 was $240 million. prnewswire.com
- 6Cash balance at quarter end was $841 million, with no revolver balance. prnewswire.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.