Compass (COMP) financial statements
Compass reported revenue of $7.0B in fiscal 2025, up 19.5% a year over 6 years.
Net income was -$58M and the operating margin -0.9%, against -16.8% in 2019.
Free cash flow was $203M.
The diluted share count rose 428% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Compass's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.4B | $3.7B | $6.4B | $6.0B | $4.9B | $5.6B | $7.0B |
| Research and development | $131M | $146M | $365M | $360M | $184M | $189M | $246M |
| Selling, general and admin | $92M | $106M | $288M | $208M | $126M | $165M | $144M |
| Operating income | -$402M | -$273M | -$493M | -$589M | -$315M | -$155M | -$63M |
| Interest expense | — | $600,000 | $2M | $4M | $11M | $6M | $9M |
| Pre-tax income | -$389M | -$272M | -$495M | -$590M | -$317M | -$154M | -$67M |
| Income tax | -$900,000 | -$2M | -$2M | -$900,000 | -$400,000 | -$500,000 | -$1M |
| Net income | -$388M | -$270M | -$494M | -$602M | -$321M | -$154M | -$58M |
| EPS (diluted) | -$3.64 | -$2.46 | -$1.51 | -$1.40 | -$0.69 | -$0.31 | -$0.10 |
| Diluted shares | 107M | 110M | 326M | 428M | 467M | 502M | 562M |
| Operating margin | -16.8% | -7.3% | -7.7% | -9.8% | -6.4% | -2.7% | -0.9% |
| Net margin | -16.3% | -7.3% | -7.7% | -10.0% | -6.6% | -2.7% | -0.8% |
Balance sheet
Fiscal years, from Compass's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $492M | $440M | $618M | $362M | $167M | $224M | $199M |
| Receivables | — | $55M | $48M | $37M | $37M | $49M | $57M |
| Total current assets | — | $599M | $795M | $518M | $282M | $330M | $317M |
| Property, plant and equipment | — | $142M | $157M | $192M | $152M | $126M | $114M |
| Goodwill | $81M | $120M | $188M | $198M | $210M | $234M | $479M |
| Total assets | — | $1.4B | $1.8B | $1.5B | $1.2B | $1.2B | $1.5B |
| Total current liabilities | — | $282M | $437M | $518M | $292M | $353M | $367M |
| Long-term debt | — | — | — | — | — | — | $0 |
| Total liabilities | — | $741M | $953M | $1.0B | $728M | $766M | $753M |
| Shareholders' equity | -$682M | -$863M | $844M | $517M | $429M | $409M | $782M |
| Net debt | -$492M | -$440M | -$618M | -$362M | -$167M | -$224M | -$199M |
Cash flow
Fiscal years, from Compass's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$377M | -$58M | -$29M | -$292M | -$26M | $122M | $217M |
| Capital spending | $74M | $43M | $50M | $70M | $11M | $16M | $13M |
| Free cash flow | -$451M | -$101M | -$79M | -$362M | -$37M | $106M | $203M |
| Stock-based compensation | $37M | $43M | $386M | $234M | $158M | $128M | $203M |
| Free cash flow margin | -18.9% | -2.7% | -1.2% | -6.0% | -0.8% | 1.9% | 2.9% |
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Open COMP in InvestinglyQuestions
What was Compass's revenue in 2025?
$7.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Compass generate?
$203M in fiscal 2025 (operating cash flow minus capital spending).
From Compass's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.