Compass files S-1

Compass filed its long-awaited financial registration statement on March 1 as it prepares for its IPO. In it, the company revealed staggering revenue, and losses. The company pulled in $3.7 billion in revenue in 2020 with a net loss of $270 million, and also reported nearly $152 billion in 2020 sales volume, which puts it solidly in the running for the nation’s second largest brokerage by annual sales volume, in competition with HomeServices of America (both likely behind Realogy Brokerage Group, when audited numbers come out in the 2021 Mega 1000 in a few weeks).