Nextdoor Holdings, Inc.

Listed Company

NXDRCIK 0001846069NYSEAcceleratedServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

$257.65M

Net Income

$-54.20M

Total Assets

$486.80M

Equity

$431.28M

Shares Out

382.96M

Op. Cash Flow

$6.47M

Business

Nextdoor Holdings, Inc. operates a neighborhood-focused social networking platform that connects neighbors, businesses, and public agencies around local information and community engagement. The company offers products and services including a personalized Feed, Search, For Sale & Free listings, Business Pages, verification and moderation tools, and AI-enabled features for content personalization and notifications. Its key business offerings comprise the Nextdoor platform and a proprietary advertising business providing hyperlocal targeting, multiple ad formats, and measurement tools. Nextdoor serves users and advertisers across multiple countries via its digital platform and both self-serve and direct sales channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	258	247	218	213	192
Cost of revenue	41	42	42	39	29
Research and development	135	128	150	127	97
Sales and marketing	91	107	123	123	106
General and administrative	62	92	76	68	55
Total costs and expenses	330	369	391	357	287
Loss from operations	−72	−122	−172	−144	−95
Interest income	19	24	26	9	177,000
Other income (expense), net	605,000	−99,000	−505,000	−1	−539,000
Loss before income taxes	−53	−97	−147	−136	−95
Provision for income taxes	2	706,000	756,000	2	157,000
Net loss	−54	−98	−148	−138	−95
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)	−0.14	−0.25	−0.39	−0.36	−0.65
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	−0.14	−0.25	−0.39	−0.36	−0.65
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	386	385	379	379	146
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	386	385	379	379	146

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	63	46	60	55	522
Marketable securities	341	381	471	528	194
Accounts receivable, net of allowance of $491 and $451 as of December 31, 2025 and 2024, respectively	34	31	26	30	30
Prepaid expenses and other current assets	9	9	10	12	16
Total current assets	448	467	567	625	762
Restricted cash, non-current	8	11	11	0	—
Property and equipment, net	2	3	8	12	13
Operating lease right-of-use assets	12	14	57	53	59
Goodwill	1	1	1	1	1
Other assets	16	18	9	6	330,000
Total assets	487	514	655	700	840
Accounts payable	2	249,000	2	5	6
Operating lease liabilities, current	9	8	6	8	7
Accrued expenses and other current liabilities	21	19	27	22	15
Total current liabilities	32	28	35	35	34
Operating lease liabilities, non-current	23	32	60	54	62
Other liabilities, non-current	221,000	270,000	218,000	0	—
Total liabilities	56	60	96	88	95
Commitments and contingencies (Note 7)	—	—	—	—	—
Preferred stock, $0.0001 par value; 50,000 shares authorized; no shares issued or outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Additional paid-in capital	1,348	1,317	1,324	1,231	1,226
Accumulated other comprehensive income	2	917,000	943,000	−2	−529,000
Accumulated deficit	−918	−864	−766	−618	−480
Total stockholders' equity	431	453	559	611	745
Total liabilities and stockholders' equity	487	514	655	700	840

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	2	4	6	6	4
Stock-based compensation	65	74	83	64	48
Non-cash impairment charges related to lease abandonment	0	23	0	0	—
Accretion of investments	−2	−5	−9	151,000	340,000
Other	−145,000	622,000	−301,000	−2	−337,000
Accounts receivable, net	−3	−5	3	−168,000	−8
Prepaid expenses and other assets	1	30,000	3	4	−4
Operating lease right-of-use assets	3	4	5	7	7
Accounts payable	2	−2	−3	−2	3
Operating lease liabilities	−8	−7	−6	−7	−6
Accrued expenses and other liabilities	1	−8	5	8	420,000
Net cash provided by (used in) operating activities	6	−20	−59	−61	−51
Purchases of property and equipment	−580,000	−404,000	−267,000	−3	−9
Purchases of marketable securities	−292	−290	−591	−712	−200
Sales of marketable securities	142	186	155	11	2
Maturities of marketable securities	193	199	504	367	57
Loan to Opportunity Finance Network	0	−8	−3	−5	0
Net cash provided by investing activities	43	86	66	−342	−150
Proceeds from issuance of common stock upon exercise of stock options	3	13	7	12	15
Proceeds from issuance of common stock under employee stock purchase plan	1	1	2	1	0
Tax withholdings on release of restricted stock units	−19	−20	−273,000	−695,000	−863,000
Repurchase of common stock	−19	−76	0	−77	0
Net cash provided by (used in) financing activities	−34	−81	9	−64	638
Effect of exchange rate changes on cash and cash equivalents	−53,000	128,000	35,000	723,000	283,000
Net increase (decrease) in cash, cash equivalents, and restricted cash	15	−15	16	−467	437
Cash paid for taxes	533,000	1	2	1	313,000
Vesting of restricted stock and early exercised stock options	0	0	174,000	5	6
Lease liabilities arising from obtaining right-of-use assets	0	0	11	0	35
Remeasurement of operating lease liability and right-of-use asset	0	−19	0	0	—

Filings

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