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Nextdoor Holdings Inc
NYSE:KIND

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Nextdoor Holdings Inc
NYSE:KIND
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Price: 2.31 USD 1.76% Market Closed
Market Cap: 883.8m USD

Nextdoor Holdings Inc
Investor Relations

Nextdoor Holdings, Inc. operates as a holding company with interest in operating as social network site which connects with neighborhood and businesses. The company is headquartered in San Francisco, California and currently employs 602 full-time employees. The company went IPO on 2021-03-24. Nextdoor, is a platform that facilitates healthy neighborhood connections and conversations. The company uses machine-learning and technology, that enables locally relevant conversations, keeping neighbors informed and connected while nurturing civil and kind discussions with solutions like the Neighbor Pledge and the Kindness Reminder. Its Nextdoor Ad Manager (NAM) is its business solutions, running its advertising products, advertising technology stack and reporting capabilities. Its platform provides information, give and get help, and builds real-world connections with nearby neighbors, businesses, and public agencies. The firm's platform serves across 11 countries, including the United States, United Kingdom, the Netherlands, France, Germany, Italy, Spain, Australia, Denmark, Sweden, and Canada. Its application (app) is available on iOS and Android mobiles.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 7, 2025
AI Summary
Q2 2025

Revenue Growth: Q2 revenue rose 3% year-over-year to $65 million, with strength from the self-serve ad channel.

User Metrics: Platform WAU reached 21.8 million, up 1% year-over-year, and is now the company’s primary user metric.

Profitability: Adjusted EBITDA margin improved by 6 percentage points year-over-year, and the company generated positive operating cash flow for the third consecutive quarter.

Restructuring & Cost Cuts: Announced a restructuring plan, including workforce reductions, aiming to cut annual GAAP operating expenses by about $30 million and to reach full-year adjusted EBITDA breakeven in 2026.

Product Transformation: Rolled out a rebuilt Nextdoor platform with new features: local news, real-time alerts, and an AI-powered assistant called Faves, all intended to boost engagement and ad opportunities.

Guidance: Q3 2025 revenue expected to be about $66 million, with an adjusted EBITDA loss of approximately $5 million. Quarterly adjusted EBITDA breakeven targeted for Q4 2025.

Leadership Changes: Announced a new President of Products and upcoming CFO transition.

Key Financials
Revenue
$65 million
Platform WAU
21.8 million
Self-Serve Revenue
nearly 60% of total revenue
Net Loss
$15 million
Net Loss Margin
-24%
Adjusted EBITDA Loss
$2 million
Adjusted EBITDA Margin
-3%
Operating Cash Flow
positive for third consecutive quarter
Cash, Equivalents, and Securities
$413 million
Shares Repurchased
3.7 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Nirav N. Tolia
Co-Founder, CEO, President & Chairperson of the Board
No Bio Available
Mr. Matt Anderson
CFO & Treasurer
No Bio Available
Ms. Sarah C. Leary
Co-Founder, Chief Marketing Officer, Head of Community & Chief Global Business Operations Officer
No Bio Available
John T. Williams
Head of Investor Relations
No Bio Available
Ms. Sophia Contreras Schwartz
General Counsel
No Bio Available
Ms. Kelsey Grady
Chief Global Communications Officer
No Bio Available
Mr. Bryan Power
Chief People Officer
No Bio Available
Mr. Craig Lisowski
Chief Engineering, Data, Information Systems, & Trust Officer
No Bio Available
Ms. Jennie Sager
Global Head of Brand & Managing Director
No Bio Available
Mr. Jose Gaztelu
Head of Global Market Operations & Corporate Strategy
No Bio Available

Contacts

Address
CALIFORNIA
San Francisco
420 Taylor Street
Contacts
+14153440333.0
nextdoor.com