7Baggers

Compass, Inc
(NYSE:COMP) 

COMP stock logo

Compass, Inc. is an American licensed real estate broker that utilizes the Internet as a marketing medium with the use of real estate technology. Compass employs more than 20,000 agents who earn a percentage of the selling price and give 15 to 30 percent on each sale to Compass.

Founded: 2012
CEO: Ken Chenault  
Sector: Technology
Industry: Software—Application
Real Estate
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• Market Cap:
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At a glance:
Bull Thesis:
Bear Thesis:
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Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                        
      revenue
    		1,699,800,000 1,846,000,000 2,059,600,000 1,356,200,000 1,380,400,000 1,494,000,000 1,700,600,000 1,054,100,000 1,096,400,000 1,337,400,000 1,494,000,000 957,200,000 1,107,200,000 1,493,700,000 2,020,100,000 1,397,000,000 1,612,100,000 1,743,600,000 1,951,400,000 1,113,900,000 
      yoy
    		23.14% 23.56% 21.11% 28.66% 25.90% 11.71% 13.83% 10.12% -0.98% -10.46% -26.04% -31.48% -31.32% -14.33% 3.52% 25.42%     
      qoq
    		-7.92% -10.37% 51.87% -1.75% -7.60% -12.15% 61.33% -3.86% -18.02% -10.48% 56.08% -13.55% -25.88% -26.06% 44.60% -13.34% -7.54% -10.65% 75.19%  
      operating expenses:
    		                    
      commissions and other related expense
    		1,384,500,000 1,503,400,000 1,685,700,000 1,106,100,000 1,139,300,000 1,227,700,000 1,405,300,000 862,300,000 895,900,000 1,096,200,000 1,224,000,000 790,900,000 918,800,000 1,218,000,000 1,652,900,000 1,146,400,000 1,347,300,000 1,430,600,000 1,590,400,000 942,200,000 
      sales and marketing
    		96,000,000 93,800,000 96,400,000 91,700,000 92,200,000 88,200,000 94,900,000 93,400,000 102,900,000 103,900,000 113,300,000 115,300,000 130,800,000 144,400,000 154,900,000 145,000,000 144,200,000 130,600,000 124,300,000 111,300,000 
      operations and support
    		112,300,000 111,100,000 109,300,000 96,700,000 88,000,000 84,400,000 83,100,000 79,000,000 79,600,000 83,200,000 83,000,000 81,100,000 83,500,000 95,100,000 104,900,000 108,900,000 111,200,000 97,000,000 96,700,000 70,000,000 
      research and development
    		65,100,000 67,400,000 63,400,000 49,900,000 46,900,000 47,500,000 47,400,000 47,000,000 44,400,000 45,800,000 45,400,000 48,900,000 63,400,000 81,500,000 107,200,000 108,200,000 105,500,000 89,700,000 73,500,000 96,600,000 
      general and administrative
    		43,400,000 40,100,000 33,300,000 27,500,000 32,700,000 27,400,000 22,900,000 82,200,000 32,400,000 24,200,000 34,700,000 34,400,000 41,100,000 56,500,000 55,200,000 55,300,000 56,700,000 79,500,000 59,400,000 92,900,000 
      anywhere merger transaction and integration expenses
    		10,600,000 7,500,000                   
      restructuring costs
    		2,900,000 2,300,000 2,700,000 9,200,000 2,200,000 1,700,000 4,300,000 1,500,000 2,700,000 1,700,000 15,900,000 10,100,000 1,200,000 29,000,000 18,900,000      
      depreciation and amortization
    		26,900,000 27,600,000 29,400,000 28,800,000 19,700,000 20,500,000 21,400,000 20,800,000 21,500,000 21,300,000 22,300,000 24,900,000 21,200,000 21,000,000 25,400,000 18,700,000 19,300,000 16,700,000 14,900,000 13,500,000 
      total operating expenses
    		1,741,700,000 1,853,200,000 2,020,200,000 1,409,900,000 1,421,000,000 1,497,400,000 1,679,300,000 1,186,200,000 1,179,400,000 1,376,300,000 1,538,600,000 1,105,600,000 1,260,000,000 1,645,500,000 2,119,400,000 1,582,500,000 1,784,200,000 1,844,100,000 1,959,200,000 1,326,500,000 
      income from operations
    		-41,900,000 -7,200,000 39,400,000 -53,700,000 -40,600,000 -3,400,000 21,300,000 -132,100,000 -83,000,000 -38,900,000 -44,600,000 -148,400,000 -152,800,000 -151,800,000 -99,300,000 -185,500,000 -172,100,000 -100,500,000 -7,800,000 -212,600,000 
      yoy
    		3.20% 111.76% 84.98% -59.35% -51.08% -91.26% -147.76% -10.98% -45.68% -74.37% -55.09% -20.00% -11.21% 51.04% 1173.08% -12.75%     
      qoq
    		481.94% -118.27% -173.37% 32.27% 1094.12% -115.96% -116.12% 59.16% 113.37% -12.78% -69.95% -2.88% 0.66% 52.87% -46.47% 7.79% 71.24% 1188.46% -96.33%  
      operating margin %
    		-2.46% -0.39% 1.91% -3.96% -2.94% -0.23% 1.25% -12.53% -7.57% -2.91% -2.99% -15.50% -13.80% -10.16% -4.92% -13.28% -10.68% -5.76% -0.40% -19.09% 
      investment income
    		1,900,000 1,500,000 1,100,000 1,000,000 2,100,000 2,200,000 1,400,000 1,100,000 1,600,000 1,500,000 2,500,000 2,900,000 1,300,000 1,100,000 300,000 100,000  100,000   
      interest expense
    		-1,900,000 -2,100,000 -2,700,000 -2,300,000 -1,800,000 -1,500,000 -1,600,000 -1,500,000 -1,600,000 -1,900,000 -4,100,000 -3,200,000 -1,300,000 -900,000 -700,000 -700,000 -600,000 -700,000 -600,000 -500,000 
      loss before income taxes and equity in income of unconsolidated entities
    		-41,900,000 -7,800,000  -55,000,000                 
      income tax benefit
    		825,000 200,000 -300,000 3,400,000 175,000 300,000 100,000 300,000 125,000 500,000      -100,000     
      equity in income of unconsolidated entities
    		1,600,000 3,000,000 1,700,000 800,000                 
      net income
    		-42,500,000 -4,600,000 39,200,000 -50,800,000 -40,400,000 -1,900,000 20,800,000 -133,000,000 -83,800,000 -39,200,000 -46,900,000 -150,200,000 -158,000,000 -154,100,000 -101,100,000 -188,300,000 -174,800,000 -99,800,000 -7,100,000 -212,400,000 
      yoy
    		5.20% 142.11% 88.46% -61.80% -51.79% -95.15% -144.35% -11.45% -46.96% -74.56% -53.61% -20.23% -9.61% 54.41% 1323.94% -11.35%     
      qoq
    		823.91% -111.73% -177.17% 25.74% 2026.32% -109.13% -115.64% 58.71% 113.78% -16.42% -68.77% -4.94% 2.53% 52.42% -46.31% 7.72% 75.15% 1305.63% -96.66%  
      net income margin %
    		-2.50% -0.25% 1.90% -3.75% -2.93% -0.13% 1.22% -12.62% -7.64% -2.93% -3.14% -15.69% -14.27% -10.32% -5.00% -13.48% -10.84% -5.72% -0.36% -19.07% 
      net loss attributable to non-controlling interests
    		-100,000  200,000 100,000 -100,000 200,000  100,000 -325,000 -200,000 -900,000 -200,000 25,000 -100,000 -100,000 300,000     
      net loss attributable to compass, inc.
    		-42,600,000 -4,600,000  -50,700,000 -40,500,000 -1,700,000  -132,900,000 -83,700,000 -39,400,000 -47,800,000 -150,400,000 -158,100,000 -154,200,000 -101,200,000 -188,000,000     
      net income per share
    		-0.07 -0.01 0.07 -0.09 -0.08  0.04 -0.27 -0.17 -0.08 -0.1 -0.33 -0.36 -0.36 -0.24 -0.45 -0.45 -0.25 -0.02 -1.67 
      weighted-average shares used for eps calculation
    		562,153,375 565,895,221 560,307,749 550,146,367 501,514,681 505,993,014 498,664,877 490,000,265 466,522,935 470,945,736 460,960,349 450,056,743 428,169,180 432,459,739 427,987,083 415,384,878 326,336,128 392,979,596 377,615,338 126,917,284 
      income before income taxes and equity in income of unconsolidated entities
    		  37,800,000                  
      net income attributable to compass, inc.
    		  39,400,000    20,700,000              
      loss before income taxes and equity in income of unconsolidated entity
    		    -28,525,000 -2,700,000               
      equity in income of unconsolidated entity
    		    -175,000 500,000               
      income before income taxes and equity in loss of unconsolidated entity
    		      21,100,000              
      equity in loss of unconsolidated entity
    		      -400,000 -800,000 -700,000 -400,000 -700,000 -1,500,000 -4,700,000 -2,500,000 -2,900,000 -2,100,000     
      net income attributable to non-controlling interests
    		      -100,000              
      loss before income taxes and equity in loss of unconsolidated entity
    		       -132,500,000 -83,000,000 -39,300,000 -46,200,000 -148,700,000 -152,800,000 -151,600,000 -99,700,000 -186,100,000     
      income tax expense
    		                    
      benefit from income taxes
    		            -500,000  1,500,000  -800,000 1,300,000 1,300,000 700,000 
      income before income taxes
    		                -80,650,000 -101,100,000 -8,400,000 -213,100,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                          
        assets
      		                    
        current assets
      		                    
        cash and cash equivalents
      		199,000,000 170,300,000 177,300,000 127,000,000 223,800,000 211,200,000 185,800,000 165,900,000 166,900,000 220,000,000 335,400,000 363,600,000 361,900,000 354,900,000 430,500,000 475,900,000 618,300,000 791,400,000 810,700,000 329,600,000 
        accounts receivable
      		57,000,000 70,500,000 96,900,000 67,300,000 48,600,000 45,800,000 56,800,000 48,700,000 36,600,000 41,000,000 58,400,000 56,700,000 36,600,000 34,200,000 61,400,000 66,400,000 48,500,000 55,500,000 66,600,000 58,300,000 
        compass concierge receivables, net of allowance of 9.7 and 10.4, respectively
      		25,000,000                    
        other current assets
      		36,200,000 37,000,000 35,900,000 40,500,000 33,200,000 38,700,000 44,700,000 48,300,000 54,500,000 62,500,000 63,700,000 72,600,000 76,500,000 92,500,000 109,700,000 104,600,000 94,900,000 84,400,000 73,200,000 66,000,000 
        total current assets
      		317,200,000 313,300,000 348,400,000 269,700,000 330,000,000 330,500,000 320,500,000 292,800,000 282,000,000 357,800,000 493,900,000 533,800,000 517,900,000 541,800,000 659,800,000 693,900,000 794,600,000 980,700,000 998,600,000 502,200,000 
        property and equipment
      		113,800,000 119,400,000 126,100,000 130,800,000 125,500,000 132,400,000 137,700,000 143,100,000 151,700,000 161,700,000 171,000,000 181,100,000 192,500,000 196,700,000 188,600,000 173,000,000 157,400,000 151,300,000 146,400,000 144,200,000 
        operating lease right-of-use assets
      		381,100,000 377,400,000 386,600,000 398,500,000 389,700,000 392,400,000 404,100,000 396,900,000 408,500,000 421,400,000 439,200,000 465,900,000 483,200,000 490,100,000 493,600,000 498,000,000 484,700,000 458,900,000 438,300,000 436,600,000 
        intangible assets
      		193,300,000 211,800,000 221,100,000 236,500,000 73,800,000 82,700,000 91,700,000 71,500,000 77,600,000 86,100,000 86,400,000 94,700,000 99,300,000 107,700,000 115,900,000 119,500,000 127,200,000 127,500,000 107,400,000 79,200,000 
        goodwill
      		479,200,000 479,400,000 474,200,000 472,300,000 233,600,000 234,100,000 234,600,000 212,400,000 209,800,000 208,800,000 203,800,000 203,700,000 198,400,000 198,500,000 198,300,000 189,400,000 188,300,000 182,600,000 177,400,000 154,500,000 
        other non-current assets
      		54,900,000 52,200,000 39,700,000 34,800,000 25,400,000 27,700,000 26,600,000 28,200,000 30,700,000 27,800,000 30,300,000 34,700,000 41,800,000 54,300,000 59,200,000 52,700,000 48,400,000 46,200,000 43,500,000 50,500,000 
        total assets
      		1,539,500,000 1,553,500,000 1,596,100,000 1,542,600,000 1,178,000,000 1,199,800,000 1,215,200,000 1,144,900,000 1,160,300,000 1,263,600,000 1,424,600,000 1,513,900,000 1,533,100,000 1,589,100,000 1,715,400,000 1,726,500,000 1,800,600,000 1,947,200,000 1,911,600,000 1,367,200,000 
        liabilities and stockholders’ equity
      		                    
        current liabilities
      		                    
        accounts payable
      		12,500,000 15,300,000 15,600,000 15,900,000 13,000,000 14,300,000 17,800,000 17,000,000 18,400,000 22,600,000 23,300,000 21,800,000 28,100,000 44,700,000 43,500,000 36,700,000 34,600,000 35,300,000 31,800,000 39,900,000 
        commissions payable
      		94,800,000 114,000,000 154,300,000 101,200,000 82,800,000 85,400,000 106,500,000 74,000,000 59,600,000 77,100,000 97,000,000 56,900,000 48,000,000 66,100,000 95,900,000 79,100,000 63,900,000 73,000,000 91,700,000 55,300,000 
        accrued expenses and other current liabilities
      		138,000,000 133,100,000 122,600,000 195,300,000 140,300,000 132,400,000 134,000,000 148,100,000 90,800,000 105,800,000 108,600,000 138,000,000 164,900,000 204,900,000 191,300,000 171,300,000 240,900,000 215,700,000 140,200,000 128,200,000 
        current lease liabilities
      		99,300,000 99,800,000 99,600,000 98,800,000 93,500,000 98,700,000 100,200,000 99,600,000 98,900,000 104,200,000 101,400,000 98,900,000 94,600,000 91,700,000 87,700,000 97,800,000 81,500,000 80,200,000 76,600,000 73,300,000 
        concierge credit facility
      		22,700,000 28,800,000 31,600,000 25,400,000 23,600,000 27,500,000 27,300,000 23,500,000 24,800,000 27,900,000 30,400,000 29,300,000 31,900,000 36,500,000 30,400,000 18,300,000 16,200,000 18,700,000 11,100,000 10,200,000 
        total current liabilities
      		367,300,000 391,000,000 473,700,000 486,600,000 353,200,000 358,300,000 385,800,000 362,200,000 292,500,000 337,600,000 510,700,000 569,900,000 517,500,000 443,900,000 448,800,000 403,200,000 437,100,000 422,900,000 351,400,000 306,900,000 
        non-current lease liabilities
      		354,200,000 352,400,000 365,500,000 381,900,000 380,500,000 382,300,000 397,400,000 394,200,000 410,200,000 426,100,000 448,100,000 467,100,000 486,500,000 494,300,000 495,500,000 497,600,000 483,000,000 457,800,000 441,000,000 441,800,000 
        other non-current liabilities
      		30,700,000 31,700,000 31,500,000 36,200,000 31,900,000 28,100,000 30,300,000 55,000,000 25,600,000 22,500,000 14,100,000 15,200,000 8,400,000 9,300,000 15,300,000 20,200,000 32,900,000 36,600,000 43,700,000 26,700,000 
        total liabilities
      		752,200,000 775,100,000 870,700,000 904,700,000 765,600,000 768,700,000 813,500,000 811,400,000 728,300,000 786,200,000 972,900,000 1,052,200,000 1,012,400,000 947,500,000 959,600,000 921,000,000 953,000,000 917,300,000 836,100,000 775,400,000 
        commitments and contingencies
      		                    
        stockholders’ equity
      		                    
        common stock, 0.00001 par value...
      		                    
        additional paid-in capital
      		3,512,700,000 3,461,400,000 3,403,400,000 3,357,900,000 3,081,600,000 3,059,700,000 3,028,400,000 2,981,000,000 2,946,500,000 2,908,100,000 2,842,300,000 2,805,000,000 2,713,600,000 2,676,300,000 2,636,400,000 2,585,000,000 2,438,800,000 2,445,400,000 2,395,900,000 486,000,000 
        accumulated deficit
      		-2,730,700,000 -2,688,100,000 -2,683,500,000 -2,722,900,000 -2,672,200,000 -2,631,700,000 -2,630,000,000 -2,650,700,000 -2,517,800,000 -2,434,100,000 -2,394,700,000 -2,346,900,000 -2,196,500,000 -2,038,400,000 -1,884,200,000 -1,783,000,000 -1,595,000,000 -1,420,200,000 -1,320,400,000 -1,313,300,000 
        total compass, inc. stockholders’ equity
      		782,000,000 773,300,000 719,900,000 635,000,000 409,400,000 428,000,000 398,400,000 330,300,000 428,700,000 474,000,000 447,600,000 458,100,000 517,100,000 637,900,000 752,200,000 802,000,000 843,800,000 1,025,200,000   
        non-controlling interest
      		5,300,000 5,100,000 5,500,000 2,900,000 3,000,000 3,100,000 3,300,000 3,200,000 3,300,000 3,400,000 4,100,000 3,600,000 3,600,000 3,700,000 3,600,000 3,500,000 3,800,000 4,700,000   
        total stockholders’ equity
      		787,300,000 778,400,000   412,400,000    432,000,000    520,700,000    847,600,000 1,029,900,000 1,075,500,000  
        total liabilities and stockholders’ equity
      		1,539,500,000 1,553,500,000 1,596,100,000 1,542,600,000 1,178,000,000 1,199,800,000 1,215,200,000 1,144,900,000 1,160,300,000 1,263,600,000 1,424,600,000 1,513,900,000 1,533,100,000 1,589,100,000 1,715,400,000 1,726,500,000     
        compass concierge receivables, net of allowance of 10.1 and 10.4, respectively
      		 35,500,000                   
        compass concierge receivables, net of allowance of 10.3 and 10.4, respectively
      		  38,300,000 34,900,000                 
        revolving credit facility
      		  50,000,000 50,000,000       150,000,000 225,000,000 150,000,000        
        total stockholders' equity
      		  725,400,000 637,900,000  431,100,000 401,700,000 333,500,000  477,400,000 451,700,000 461,700,000  641,600,000 755,800,000 805,500,000     
        compass concierge receivables, net of allowance of 10.4 and 13.2, respectively
      		    24,400,000 34,800,000               
        compass concierge receivables, net of allowance of 11.1 and 13.2, respectively
      		      33,200,000              
        compass concierge receivables, net of allowance of 13.2 and 13.2, respectively
      		       29,900,000             
        compass concierge receivables, net of allowance of 13.2 and 14.7, respectively
      		        24,000,000            
        compass concierge receivables, net of allowance of 13.5 and 14.7, respectively
      		         34,300,000           
        compass concierge receivables, net of allowance of 14.2 and 14.7, respectively
      		          36,400,000 40,900,000         
        compass concierge receivables, net of allowance of 14.7 and 17.3, respectively
      		            42,900,000        
        compass concierge receivables, net of allowance of 15.6 and 17.3, respectively
      		             60,200,000       
        compass concierge receivables, net of allowance of 16.3 and 17.3, respectively
      		              58,200,000      
        compass concierge receivables, net of allowance of 16.1 and 17.3, respectively
      		               47,000,000     
        compass concierge receivables, net of allowance of 17.3 and 17.2, respectively
      		                32,900,000    
        liabilities, convertible preferred stock and stockholders’ equity
      		                    
        convertible preferred stock, 0.00001 par value...
      		                   1,419,100,000 
        total liabilities, convertible preferred stock and stockholders’ equity
      		                1,800,600,000 1,947,200,000 1,911,600,000  
        compass concierge receivables, net of allowance of 20.0 and 17.2, respectively
      		                 49,400,000   
        compass concierge receivables, net of allowance of 19.3 and 17.2, respectively
      		                  48,100,000  
        compass concierge receivables, net of allowance of 16.9 and 17.2, respectively
      		                   48,300,000 
        liabilities, convertible preferred stock and stockholders’ deficit
      		                    
        stockholders’ deficit
      		                    
        total stockholders’ deficit
      		                   -827,300,000 
        total liabilities, convertible preferred stock and stockholders’ deficit
      		                   1,367,200,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                            
          operating activities
        		                    
          net loss
        		-42,500,000 -4,600,000 39,200,000 -50,800,000 -40,400,000 -1,900,000 20,800,000 -133,000,000 -83,800,000 -39,200,000 -46,900,000 -150,200,000 -158,000,000 -154,100,000 -101,100,000 -188,300,000 -174,800,000 -99,800,000 -7,100,000 -212,400,000 
          adjustments to reconcile net loss to net cash from operating activities:
        		                    
          depreciation and amortization
        		26,900,000 27,600,000 29,400,000 28,800,000 19,700,000 20,500,000 21,400,000 20,800,000 21,500,000 21,300,000 22,300,000 24,900,000 21,200,000 21,000,000 25,400,000 18,700,000 19,300,000 16,700,000 14,900,000 13,500,000 
          stock-based compensation
        		57,500,000 59,600,000 55,200,000 30,400,000 31,200,000 32,500,000 30,900,000 32,900,000 36,300,000 38,000,000 39,000,000 44,900,000 61,400,000 50,100,000 59,200,000 63,800,000 93,400,000 71,100,000 54,300,000 167,500,000 
          equity in loss of unconsolidated entities
        		-1,600,000 -3,000,000 -1,700,000 -800,000                 
          change in acquisition-related contingent consideration
        		600,000                    
          bad debt expense
        		-500,000 -600,000 100,000 400,000  -1,000,000 200,000 700,000 -200,000 1,800,000 1,800,000 1,000,000 2,100,000 1,800,000 1,900,000 1,500,000 0 2,700,000 3,200,000 3,000,000 
          amortization of debt issuance costs
        		300,000 200,000 300,000 200,000 200,000 100,000 200,000 200,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000 300,000 200,000 300,000 300,000 300,000 
          changes in operating assets and liabilities:
        		                    
          accounts receivable
        		14,000,000 27,200,000 -29,700,000 -4,400,000 -1,100,000 12,400,000 -6,700,000 -12,600,000 4,800,000 15,800,000 -3,200,000 -20,900,000 -4,600,000 25,600,000 4,100,000 -18,600,000 6,900,000 12,000,000 -8,400,000 -2,000,000 
          compass concierge receivables
        		10,500,000 2,600,000 -3,500,000 -10,600,000 10,300,000 -1,700,000 -3,400,000 -6,000,000 10,100,000 2,000,000 4,100,000 1,800,000 17,400,000 -2,200,000 -12,100,000 -14,800,000 16,500,000 -3,800,000 -2,600,000 -700,000 
          other current assets
        		200,000 -1,100,000 4,400,000 -1,800,000 5,300,000 3,600,000 6,400,000 6,000,000 7,800,000 1,200,000 8,700,000 3,700,000 15,800,000 16,800,000 -5,100,000 -9,900,000 -10,400,000 -11,400,000 -7,500,000 -10,700,000 
          other non-current assets
        		0 -3,900,000 -400,000 -2,500,000 2,400,000 300,000 1,300,000 3,000,000 -2,400,000 2,100,000 3,700,000 5,700,000 7,900,000 5,200,000 -1,800,000 -1,500,000 1,600,000 -2,600,000 -3,400,000 -7,400,000 
          operating lease right-of-use assets and operating lease liabilities
        		-2,400,000 -3,800,000 -3,700,000 -2,100,000 -4,300,000 -5,000,000 -4,400,000 -3,700,000 -8,800,000 -1,900,000 9,300,000 200,000 0 1,900,000 -7,700,000 11,600,000 800,000 -400,000 900,000 1,100,000 
          accounts payable
        		-3,000,000 -500,000 100,000 600,000 -700,000 -4,400,000 400,000 -1,600,000 -4,000,000 -900,000 1,400,000 -6,300,000 -10,700,000 -4,700,000 7,300,000 3,300,000 -900,000 3,200,000 -1,700,000 -3,900,000 
          commissions payable
        		-19,300,000 -40,200,000 53,000,000 11,800,000 -1,900,000 -21,200,000 31,800,000 14,400,000 -17,400,000 -20,000,000 40,100,000 8,900,000 -18,100,000 -29,700,000 16,700,000 15,200,000 -9,100,000 -19,000,000 35,700,000 -7,900,000 
          accrued expenses and other liabilities
        		4,600,000 15,300,000 -67,800,000 23,300,000 7,200,000 3,300,000 -54,700,000 86,200,000 -4,900,000 -6,300,000 -28,500,000 29,100,000 -56,800,000 13,600,000 1,500,000 5,200,000 -21,400,000 39,100,000 10,100,000 15,500,000 
          net cash from operating activities
        		45,300,000 75,500,000 72,800,000 23,100,000 30,500,000 37,400,000 45,000,000 8,600,000 -38,700,000 15,000,000 53,300,000 -55,500,000 -117,800,000 -53,600,000 -9,300,000 -111,000,000 -76,900,000 4,200,000 91,400,000 -47,300,000 
          investing activities
        		                    
          investment in unconsolidated entities
        		0 -2,400,000                   
          capital expenditures
        		-3,100,000 -1,900,000 -4,800,000 -3,600,000 -3,800,000 -4,600,000 -4,600,000 -2,700,000 -2,300,000 -2,800,000 -2,600,000 -3,500,000 -13,200,000 -15,500,000 -20,600,000 -20,800,000 -16,500,000 -13,500,000 -10,100,000 -10,000,000 
          free cash flows
        		42,200,000 73,600,000 68,000,000 19,500,000 26,700,000 32,800,000 40,400,000 5,900,000 -41,000,000 12,200,000 50,700,000 -59,000,000 -131,000,000 -69,100,000 -29,900,000 -131,800,000 -93,400,000 -9,300,000 81,300,000 -57,300,000 
          payments for acquisitions, net of cash acquired
        		800,000 -2,800,000 -11,100,000 -160,900,000 0 -900,000       0 0 -11,200,000 -3,800,000 -10,100,000 -23,500,000 -44,600,000 -59,200,000 
          net cash from investing activities
        		-2,300,000 -7,100,000 -17,400,000 -164,500,000 -3,800,000 -6,300,000 -23,000,000 -3,500,000 -3,500,000 -2,100,000 -2,600,000 -3,500,000 -13,200,000 -18,000,000 -39,300,000 -29,600,000 -31,600,000 -37,000,000 -54,700,000 -69,200,000 
          financing activities
        		                    
          proceeds from exercise of stock options
        		7,000,000 3,700,000 1,000,000 6,100,000 3,600,000 1,100,000 1,400,000 3,400,000  1,300,000 1,900,000 1,000,000         
          proceeds from issuance of common stock under the employee stock purchase plan
        		                    
          taxes paid related to net share settlement of equity awards
        		-13,900,000 -18,600,000 -14,200,000 -14,400,000 -13,200,000 -7,700,000 -6,700,000 -7,400,000 -5,600,000 -7,600,000 -4,300,000 -6,000,000 -4,000,000 -5,700,000 -6,400,000 -7,400,000     
          proceeds from drawdowns on concierge facility
        		9,000,000 12,100,000                   
          repayments of drawdowns on concierge facility
        		-15,100,000 -14,900,000                   
          proceeds from drawdowns on revolving credit facility
        		0 0       0 0 0 75,000,000         
          repayments of drawdowns on revolving credit facility
        		0 -50,000,000       0 -150,000,000           
          payments of issuance costs related to credit facilities
        		                    
          proceeds from issuance of common stock in connection with the strategic transaction
        		        0            
          payments related to acquisitions, including contingent consideration
        		-300,000 -6,000,000 -900,000 -200,000 -500,000 -400,000 -600,000 -1,900,000 -2,500,000 -1,900,000 -2,300,000 -7,900,000 -3,600,000 -7,200,000       
          other
        		3,100,000        0 -1,000,000 -300,000 -200,000         
          net cash from financing activities
        		-14,300,000 -75,400,000 -5,100,000 44,600,000 -14,100,000 -5,700,000 -2,100,000 -6,100,000 -10,900,000 -128,300,000 -78,900,000 60,700,000 138,000,000 -4,000,000 3,200,000 -1,800,000 -64,600,000 13,500,000 444,400,000 6,000,000 
          net increase in cash and cash equivalents
        		28,700,000 -7,000,000   12,600,000 25,400,000 19,900,000 -1,000,000    1,700,000 7,000,000 -75,600,000   -173,100,000 -19,300,000   
          cash and cash equivalents at beginning of period
        		0 0 0 223,800,000 0 0 0 166,900,000 0 0 0 361,900,000 0 0 0 618,300,000 0 0 0 440,100,000 
          cash and cash equivalents at end of period
        		28,700,000 -7,000,000 50,300,000 127,000,000 12,600,000 25,400,000 19,900,000 165,900,000 -53,100,000 -115,400,000 -28,200,000 363,600,000 7,000,000 -75,600,000 -45,400,000 475,900,000 -173,100,000 -19,300,000 481,100,000 329,600,000 
          supplemental disclosures of cash flow information:
        		                    
          cash paid for interest
        		700,000 1,200,000 2,500,000 1,200,000 600,000 1,000,000 900,000 900,000 1,000,000 1,600,000 3,500,000 2,900,000 800,000 600,000 500,000 400,000 600,000 200,000 400,000 100,000 
          supplemental non-cash information:
        		                    
          issuance of common stock for acquisitions
        		600,000 11,000,000 2,600,000 250,100,000 0 4,100,000 18,000,000 4,500,000 7,300,000 2,400,000 0 8,200,000 1,600,000 1,200,000   0 0 5,800,000 4,300,000 
          proceeds from issuance of common stock under employee stock purchase plan
        		 1,600,000 0 1,300,000  1,100,000 0 1,100,000  1,100,000 0 1,400,000         
          change in acquisition related contingent consideration
        		  -2,100,000 600,000 4,700,000 400,000 400,000 500,000 1,500,000 500,000   -300,000 -1,600,000 -700,000 400,000 -300,000 -3,900,000 2,700,000 -3,200,000 
          capital contributions from non-controlling interests
        		                    
          proceeds from drawdowns on concierge credit facility
        		   10,500,000 10,700,000 14,400,000 14,900,000 8,700,000 10,700,000 15,400,000 18,700,000 10,600,000 12,000,000 20,300,000 17,500,000 9,200,000 9,900,000 14,100,000 9,200,000 6,300,000 
          repayments of drawdowns on concierge credit facility
        		   -8,700,000 -14,600,000 -14,200,000 -11,100,000 -10,000,000 -13,800,000 -17,900,000 -17,600,000 -13,200,000 -16,600,000 -14,200,000 -5,400,000 -7,100,000 -12,400,000 -6,500,000 -8,300,000 -4,500,000 
          proceeds from drawdown on revolving credit facility
        		   50,000,000                 
          net decrease in cash and cash equivalents
        		   -96,800,000      -115,400,000      -142,400,000    -110,500,000 
          equity in loss of unconsolidated entity
        		    -100,000 -500,000 400,000 800,000 700,000 400,000 700,000 1,500,000 4,700,000 2,500,000 2,900,000 2,100,000     
          bad debt allowance
        		                    
          investment in unconsolidated entity
        		    0 -800,000 0 -1,200,000     0 -2,500,000 -7,500,000 -5,000,000     
          cash acquired, net of payments for acquisitions
        		       400,000             
          proceeds from exercise and early exercise of stock options
        		            400,000 900,000 2,200,000 5,500,000 7,800,000 2,900,000 1,800,000 14,400,000 
          proceeds from issuance of common stock upon initial public offering, net of offering costs
        		                0 0   
          conversion of convertible preferred stock in connection with initial public offering
        		                0 0   
          conversion of series d convertible preferred stock
        		                0 0 0 67,600,000 
          proceeds from sales and maturities of marketable securities
        		                    
          payments of debt issuance costs for credit facilities
        		                0    
          proceeds from capital contribution of non-controlling interest
        		                    
          payments of contingent consideration related to acquisitions
        		               -2,000,000 -2,500,000 -1,500,000 -400,000 -6,300,000 
          payments of deferred offering costs
        		                   -2,500,000 
          purchases of marketable securities
        		                    
          proceeds from issuance of convertible preferred stock, net of issuance costs
        		                    
          payment of deferred offering costs
        		                    
          proceeds from capital contribution of non-controlling interest in originpoint, llc joint venture
        		                    
          payments of debt issuance costs for the revolving credit and guaranty agreement
        		                  0 -1,400,000 
          property and equipment included in accounts payable
        		                   1,600,000 
          accrued consideration related to acquisitions
        		                   13,000,000 
          accrued deferred offering costs
        		                   6,700,000