Compass (COMP) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 6, 2026 astatine 10:17 AM CDT 52 min read

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DATE

Tuesday, May 5, 2026 astatine 5:00 p.m. ET

CALL PARTICIPANTS

• Founder and Chief Executive Officer — Robert Reffkin

• Chief Financial Officer — Scott Wahlers

• Head of Investor Relations — Soham Bhonsle

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Full Conference Call Transcript

Soham Bhonsle: Thank you precise much, operator, and bully afternoon, everybody, and convey you for joining the Compass First Quarter 2026 Earnings Call. Joining america contiguous volition beryllium Robert Reffkin, our Founder and CEO; and Scott Wahlers, our Chief Financial Officer. In discussing our company's performance, we volition notation to immoderate non-GAAP measures. You tin find a reconciliation of these non-GAAP measures to the astir straight comparable GAAP measures successful our archetypal 4th 2026 net merchandise posted connected our Investor Relations website. Additionally, enactment that since the fiscal results from the Anywhere transaction are not included successful the anterior twelvemonth play oregon the archetypal 8 days of Q1 2026, the existent twelvemonth and anterior twelvemonth results are not comparable.

We person provided supplemental accusation included successful the Form 8-K filed contiguous that presents our gross and commissions expenses and cardinal concern metrics connected a pro forma ground arsenic though the businesses were combined from the opening of 2025. We judge this further accusation volition beryllium utile to investors to assistance successful comparing the periods anterior and consequent to the closing of the Anywhere transaction. We volition besides beryllium making forward-looking statements that are based connected our existent expectations, forecasts and assumptions and impact risks and uncertainties. These statements see our guidance for the 2nd 4th of 2026 and afloat twelvemonth 2026 and comments related to our expectations for realizing outgo synergies and operational achievements.

Our existent results whitethorn disagree materially from these statements. You tin find much accusation astir risks, uncertainties and different factors that could impact our existent results whitethorn disagree materially from these statements. You tin find much accusation astir risks, uncertainties and different factors that could impact our results successful our astir caller yearly study connected Form 10-K filed with the SEC and disposable connected our Investor Relations website. You should not spot undue reliance connected immoderate forward-looking statements. All accusation successful this presumption is arsenic of today's date, May 5. We expressly disclaim immoderate work to update this information. I volition present crook the telephone implicit to Robert Reffkin. Robert?

Robert Reffkin: Good afternoon, and convey you for joining america for our First Quarter Conference Call. Before I spell implicit our beardown Q1 results, I would similar to supply an update connected our outgo synergy targets and item a fewer aboriginal wins since we closed the Anywhere transaction. First, connected our outgo synergies. On our Q4 net telephone successful February, we shared our people of $250 cardinal successful outgo synergies to beryllium actioned by the extremity of twelvemonth 1 and $400 cardinal successful nett outgo synergies implicit 3 years. I americium precise pleased to stock that we are expanding our people to $300 cardinal successful outgo synergies to beryllium actioned by the extremity of twelvemonth 1.