{"id":2863,"date":"2022-02-17T14:59:09","date_gmt":"2022-02-17T14:59:09","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/02\/17\/compass-nearly-doubles-losses-in-2021\/"},"modified":"2025-03-13T02:40:21","modified_gmt":"2025-03-13T02:40:21","slug":"compass-nearly-doubles-losses-in-2021","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/02\/17\/compass-nearly-doubles-losses-in-2021\/","title":{"rendered":"Compass nearly doubles losses in 2021"},"content":{"rendered":"\n
\"HW+
Compass CEO Robert Reffkin<\/figcaption><\/figure><\/div>\n\n\n\n

How long can this last? <\/p>\n\n\n\n

Compass<\/strong> lost $494 million in 2021, a historically robust year for U.S. real estate, as the New York City brokerage continues to burn through money amid its rapid expansion. <\/p>\n\n\n\n

The net income loss is 83% greater than Compass\u2019s $270 million loss in 2020, eight-year-old Compass\u2019s final year as a private company.<\/p>\n\n\n\n

Compass did report on an earnings call Wednesday another mammoth revenue gain, rocketing to $6.4 billion in yearly revenue from $3.7 billion, a 73% leap.<\/p>\n\n\n\n

However, 83% of that is instantly lost to \u201ccommissions and other related expenses.\u201d Compass has earned a reputation for paying higher commission splits than other full service real estate brokerages<\/a> like the conglomerate Realogy<\/strong> or HomeServices of America<\/strong>. After commissions and other expenses, Compass posted $1.1 billion in yearly revenue.<\/p>\n\n\n\n

The net income loss was not discussed by CEO and company co-founder Robert Reffkin. <\/p>\n\n\n\n

\u201cI am happy to announce that our strategy of achieving strong revenue growth while improving profitability and investing in our business is working exceptionally well,\u201d Reffkin said on the earnings call. >>>Continued on HousingWire.com<\/a><\/strong><\/p>\n\n\n\n

This article was originally published by HousingWire. The\u00a0full article is available on HousingWire.com<\/a>\u00a0<\/a>for HW+ Members.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Compass lost $494 million in 2021, a historically robust year for U.S. real estate, as the New York City brokerage continues to burn through money amid its rapid expansion.<\/p>\n","protected":false},"author":16592,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[736],"class_list":["post-2863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nCompass nearly doubles losses in 2021 - RealTrends - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2022\/02\/17\/compass-nearly-doubles-losses-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compass nearly doubles losses in 2021\" \/>\n<meta property=\"og:description\" content=\"Compass lost $494 million in 2021, a historically robust year for U.S. real estate, as the New York City brokerage continues to burn through money amid its rapid expansion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2022\/02\/17\/compass-nearly-doubles-losses-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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