Compass reports $22M Q1 net income, raises 2026 cost synergy targets after strong post-merger growth

Compass, Inc. announced a Q1 2026 net income of $22 million and adjusted EBITDA of $61 million, driven by strong revenue growth and cost synergies following its merger with Anywhere. The company achieved over $250 million in net cost synergies within 82 days post-merger and raised its 2026 synergy targets, expecting $200 million in realized cost synergies and $300 million in actioned synergies. Pro forma brokerage transactions and gross transaction value grew 2.6% and 7.3% year-over-year, outperforming the market. Compass projects continued revenue growth and positive free cash flow for 2026, focusing on operational efficiency and debt reduction.