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Compass records $100M net loss in Q3

Despite a net loss of $100 million in the third quarter of 2021, Compass CEO Robert Reffkin said he was thrilled with how the brokerage had performed.

“I just wanted to say, once again, how pleased I am with our performance this quarter and our outlook of what is still to come,” Reffkin said in his closing remarks on the firm’s Q3 earnings call on Wednesday.

This net loss is significantly higher than the $7.1 million recorded last quarter and the $14 million loss seen in Q3 2020.

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