v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income (loss) $ (11.6) $ (112.2)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 58.2 42.2
Stock-based compensation 85.6 63.8
Equity in (income) loss of unconsolidated entities (2.5) 1.2
Change in acquisition related contingent consideration (1.5) 0.9
Bad debt expense 0.5 0.9
Amortization of debt issuance costs 0.5 0.4
Changes in operating assets and liabilities:    
Accounts receivable (34.1) (19.3)
Compass Concierge receivables (14.1) (9.4)
Other current assets 2.6 12.4
Other non-current assets (2.9) 4.3
Operating lease right-of-use assets and operating lease liabilities (5.8) (8.1)
Accounts payable 0.7 (1.2)
Commissions payable 64.8 46.2
Accrued expenses and other liabilities (44.5) 31.5
Net cash provided by operating activities 95.9 53.6
Investing Activities    
Investment in unconsolidated entities (1.5) (1.2)
Capital expenditures (8.4) (7.3)
Payments for acquisitions, net of cash acquired (172.0) (18.0)
Net cash used in investing activities (181.9) (26.5)
Financing Activities    
Proceeds from exercise of stock options 7.1 4.8
Proceeds from issuance of common stock under Employee Stock Purchase Plan 1.3 1.1
Taxes paid related to net share settlement of equity awards (28.6) (14.1)
Capital contributions from non-controlling interests 2.8 0.0
Payments related to acquisitions, including contingent consideration (1.1) (2.5)
Net cash provided by (used in) financing activities 39.5 (8.2)
Net (decrease) increase in cash and cash equivalents (46.5) 18.9
Cash and cash equivalents at beginning of period 223.8 166.9
Cash and cash equivalents at end of period 177.3 185.8
Supplemental disclosures of cash flow information:    
Cash paid for interest 3.7 1.8
Supplemental non-cash information:    
Issuance of common stock for acquisitions 252.7 22.5
Concierge credit facility    
Financing Activities    
Proceeds from drawdowns on credit facility 26.8 23.6
Repayments of drawdowns on credit facility (18.8) (21.1)
Revolving credit facility    
Financing Activities    
Proceeds from drawdowns on credit facility 70.0 0.0
Repayments of drawdowns on credit facility $ (20.0) $ 0.0