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Compass, Inc. 8-KA Analysis & Summary – 2025-03-28

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Compass, Inc.

Filing date:

03/28/2025

TLDR:

Compass, Inc. files an amendment to its previous 8-K report regarding the acquisition of At World Properties Holdings, LLC, including historical financial statements and pro forma financial information. The amendment provides additional financial details related to the acquisition, including audited and unaudited financial statements of At World Properties Holdings, LLC.

ELI5:

Compass, a real estate company, is providing more detailed financial information about its recent purchase of another real estate company, At World Properties. This includes past financial records and projected combined financial results.

Accession #:

0001563190-25-000071

Published on

Analyst Summary

  • Compass, Inc. acquired At World Properties Holdings, LLC on January 13, 2025.
  • This 8-K/A filing amends the original report to include historical financial statements of At World Properties Holdings, LLC and unaudited pro forma condensed combined financial information.
  • The audited consolidated financial statements of At World Properties Holdings, LLC as of December 31, 2023, and the unaudited condensed consolidated financial statements as of September 30, 2024, are included as exhibits.
  • Unaudited pro forma condensed combined financial statements are presented for September 30, 2024, and December 31, 2023, giving effect to the acquisition as if it occurred on January 1, 2023.
  • At World Properties Holdings, LLC reported commission income of $505.2 million, title agency revenues of $21.8 million, and other revenues of $42.8 million for the year ended December 31, 2023.
  • At World Properties Holdings, LLC reported net income attributable to At World Properties Holdings, LLC of $8.2 million for the year ended December 31, 2023.
  • At World Properties Holdings, LLC reported total revenue of $569.8 million and net income attributable to At World Properties Holdings, LLC of $20.7 million for the nine months ended September 30, 2024.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️