Compass’ Post

We're thrilled to share that COMPASS has just released its second-quarter earnings results, and the numbers are incredible! 🔹 60,390 Transactions: Our dedicated agents closed this many deals, generating a remarkable $1.7 billion in revenue for Q2 2024—a fantastic 14% increase year-over-year. 🔹 Record-Breaking Net Income: We achieved an all-time high net income of $20.7 million, pushing our quarterly market share up to 5.13%. This quarter is officially the Best in COMPASS's history as a publicly traded company! 🎉 We at The Richards Group are proud to be part of this exceptional network of agents and COMPASS staff who work hard every day to achieve these great results. Here’s to ongoing success and making an impact in the industry!🌟 #AllisonRichards #DreamHome #AskAllisonRealEstate #LuxuryAgent #LuxuryLiving #30A #AgentReferralNetwork #CompassAtlanta #CompassLuxuryDivision #luxuryrealestate #realestate #compass30a #luxuryhomes #compassfl #compassrealestate #compass #beachliving #homeforsale #homeforsaleflorida #30ahomesforsale #30arealestate #condosforsaleon30a #homesforsalein30a #30arealestateagent #30awaterfronthomesforsale #30abeachfrontcondosfosale

Way to go, Compass! 🚀 ALG is thrilled to share some exciting highlights from Compass' Second Quarter Earnings 2024: 💰Compass has been free cash flow positive in Q2 2024 and for 4 out of the past 5 quarters. 🏡 Compass agents were involved in an impressive 60,390 transactions, marking an 11.4% increase compared to last year, while the overall real estate market saw a 3.3% decline during the same period. 📊 We hit new milestones with an all-time high GAAP net income of $20.7 million and a record adjusted EBITDA of $77.4 million. 📈 Our national quarterly market share soared to 5.13%, up from 4.63% in the same period last year. 🏆 Revenue surged by 14% year-over-year, bringing in a remarkable $1.7 billion. These incredible results are a direct reflection of our visionary leadership, passionate agents, and loyal clients. We're proud to be part of this powerhouse brokerage! 🙌 #CompassResults #RealEstateSuccess #MarketLeader #RealEstateGrowth #Q22024 #CompassAgents #FinancialStrength #RealEstateMarket #RecordBreaking

We're thrilled to share that Compass has achieved the #1 spot for brokerage volume in the country for an incredible 3 years running! This wouldn't be possible without our incredible team and an unwavering focus on putting our clients first. Here are 10 reasons why Compass continues to be the leading choice for your real estate needs: 1. Unmatched Agent Network: We've built a powerful network of highly skilled and experienced agents who consistently deliver exceptional service, ensuring a smooth and successful experience throughout your real estate journey. 2. Tech and Marketing Edge: We leverage cutting-edge technology and marketing tools, giving our agents a significant advantage in attracting buyers and sellers, and maximizing exposure for your property. 3. Client-Centric Focus: Client satisfaction is paramount at Compass. We ensure a smooth and successful experience for both buyers and sellers throughout the real estate transaction. 4. Data-Driven Decisions: We use data and analytics to inform our strategies, allowing us to target the right markets and clients more effectively, connecting you with the most qualified buyers or sellers. 5. Global Reach, Local Expertise: Our global presence connects you to a wider pool of potential buyers and sellers while maintaining a focus on local market expertise to ensure you get the best possible results. 6. Investing in Our Agents: We heavily invest in training and development programs for our agents, ensuring they have the latest knowledge and skills to excel in the real estate market, ultimately providing you with the best possible representation. 7. Competitive Advantage: We offer competitive compensation packages and benefits to attract and retain top talent in the industry, like the amazing agents who will be working tirelessly on your behalf. 8. Collaboration is Key: We foster a collaborative work environment where agents can share knowledge and resources, leading to better outcomes for clients and a thriving community within Compass, working together to ensure your success. 9. Luxury Market Leaders: We have a strong presence in the luxury market, catering to high-net-worth individuals and investors, allowing us to leverage that expertise for the benefit of all our clients. 10. Innovation at the Core: We are committed to constant innovation, developing new and better ways to serve our clients and elevate the real estate experience for everyone. We are constantly looking for ways to improve and deliver an unparalleled level of service. John Bathurst Compass | John Bathurst Group 310.594.5705 DRE# 01977487 #Compass#1 #compass #johnbathurstgroup #compasscalifornia

It was great to moderate our CASS round table event this Tuesday and discuss the common challenges faced by CASS regulated firms today with our industry colleagues. Thank you all for contributing to the lielvely discussions! Get in touch with me if you are interested at attending our next event! #bovill #CASS #regulatorycompliance #financialregulation #clientassets #custodyassets #clientmoney #regulation

Compass Q2 2024 Highlights I am SO proud to be a COMPASS agent! Even in the toughest of markets we service our clients and come out ON TOP! Coast to Coast we are the #1 brokerage for three consecutive years and continue to add to our portfolio of success! WHAT A TEAM! The numbers are in, take a look at our Q2 Highlights! Performance: -Sales Volume: $65 billion (up 14% YoY)  -Transactions: 60,390 (up 11% YoY) -Revenue: $1.7 billion (up 14% YoY) -Net Income: $20.7 million (all-time high) -Adjusted EBITDA: $77.4 million (all-time high) -Market Share: Increased to 5.13% Achievements: -Free cash flow positive for 4 of the last 5 quarters -Added over 2,000 principal agents from acquisitions and 500+ organically -Cash balance: $185.8 million after strategic acquisitions and settlements CEO Insights: Robert Reffkin praised the team's resilience and structural advantages, positioning Compass for future growth despite market challenges. For more details, read the full press release here: https://lnkd.in/eCUEnaAQ #q2 #compass #realestatemarket

Operational Efficiency Is your restaurant operating at peak efficiency? I help restaurants streamline processes to reduce overhead and increase profits. Don’t let inefficiencies hold you back—let’s optimize your operations today! #RestaurantConsulting #OperationalEfficiency #Profitability #FandBIndustry #BusinessGrowth Let us connect! Afshin Shirazi  Co-Founder & CEO  Email: afshin@allfacetsconsulting.com  Website: allfacetsconsulting.com Cell: 718-644-9039 "Jesus Suffered For What He Loved. YOU!" 

What is a “restaurant business valuation”? Read more 👉 https://lttr.ai/ASkhv #PrimeProfits #FinancialOptics #RestaurantBusiness #RestaurantValue #RestaurantValuation #BusinessValuation

It’s #TestimonialTuesday time with our clients Aeros Flight Training and the success they achieved with Pentlands. Aeros, established in 1986, are the UK’s leading modular flight training school, offering a range of training for commercial, airline transport and private pilot licenses. With academies operating in Cardiff, Coventry, Gloucester, Wellesbourne and Doncaster. We from hear from Paul Ettridge, Group Finance Director, about the successful transition to Pentlands for their year end accounts. “The decision to move was daunting, but Pentlands really stood out from the other firms, they made the process feel simple. Elinor is easy to connect with, she knows her stuff when it comes to accountancy and the Pentlands team have experience of our industry. In changing accountants you’d anticipate some hiccups along the way, but with Pentlands there weren’t any. If you are filled with trepidation at the thought of moving accountants, you’ll find with Pentlands you have nothing to worry about.” If you are reading this and would like a conversation about how we can help you, then please contact us on 01926 424455. To read more about the success of Aeros and how they work with Pentlands please visit 🔗 https://lnkd.in/eUM5m5jr #success #successstory #business #clients #accountants #pentlandsaccountants #accountantsinwarwickshire #testimonial #growth #manage #maximise #happyclients #values

With a lull in the market, #Restaurant brands are taking this time to invest in the KPIs that matter most – those that increase valuations. Join CohnReznick LLP's Margaret Shanley, Marisa Garcia, and hospitality industry veterans Josh Benn, James McGehee, and Saed Mohseni on May 7 for a live webinar focused on early-stage transaction planning - Register today! https://brnw.ch/21wIIYB #Restaurants #Hospitality #transactions #valuations #privateequity

What is a “restaurant business valuation”? Read more 👉 https://lttr.ai/ASkcn #PrimeProfits #FinancialOptics #RestaurantBusiness #RestaurantValue #RestaurantValuation #BusinessValuation