Nextdoor Holdings, Inc.
1.9700-0.02 (-1.01%)
Oct 28, 4:00:02 PM EDT · NYSE · NXDR · USD
Key Stats
Market Cap
762.90MP/E (TTM)
-Basic EPS (TTM)
-0.17Dividend Yield
0%Recent Filings
8-K
Nextdoor's Q2 results and restructuring
Nextdoor Holdings announced Q2 2025 results with revenue up 3% to $65 million year-over-year and Platform WAU at 21.8 million, edging 1% higher, while Adjusted EBITDA loss narrowed to $2 million from $6 million. The company unveiled a cost reduction plan slashing annualized operating expenses by $30 million through workforce cuts, expecting $5 million in one-time cash charges and $1 million in accelerated stock compensation, mostly in Q3. CFO Matt Anderson steps down September 1, with CEO Nirav Tolia as interim; execution wraps by Q3 end. Restructuring accelerates Adjusted EBITDA breakeven in Q4 2025.
10-Q
Q2 FY2025 results
Nextdoor's Q2 revenue climbed 3% year-over-year to $65.1 million, with U.S. sales up 3% to $62.8 million while international dipped slightly; quarterly operating loss narrowed sharply to $20.3 million from $49.0 million, thanks to 20% cuts in sales and marketing and 61% in general and administrative expenses, though R&D rose 11%. Diluted EPS improved to -$0.04 from -$0.11, aligning with 382.7 million weighted shares and no anti-dilution flags. Cash and equivalents hit $62.1 million, bolstered by $3.3 million in six-month operating cash flow, with $413.3 million total liquidity and no debt; share repurchases totaled $5.4 million. A post-quarter cost reduction plan eyes $5 million in one-time charges for workforce alignment. Yet competition from broader social platforms remains a persistent threat.
8-K
Ticker switch signals refresh
Nextdoor Holdings announced a ticker symbol change from KIND to NXDR, effective July 21, 2025, tied to its redesigned product launch. The Class A common stock stays listed on the NYSE with no CUSIP alteration, requiring no shareholder action. This rebrand sharpens focus amid product evolution. Nextdoor reports Q2 2025 results August 7.
8-K
Annual meeting results
Nextdoor Holdings held its 2025 Annual Meeting on June 10, electing J. William Gurley, Jason Pressman, Elisa Steele, and Nirav Tolia as Class I directors for three-year terms. Stockholders ratified Ernst & Young LLP as auditors for the year ending December 31, 2025, with overwhelming support. They also approved executive compensation on an advisory basis. Continuity locked in.
10-Q
Q1 FY2025 results
Nextdoor's Q1 revenue edged up 2% year-over-year to $54.2 million, driven by a 5% rise in platform weekly active users to 22.5 million, though ARPU dipped 4% to $1.18 amid stronger user growth outpacing ad spend. Operating loss narrowed 22% to $27.0 million, with sales and marketing costs dropping 26% from headcount cuts and reduced performance marketing, while gross margin improved to 82.6% from lower hosting fees. Net loss fell 22% to $22.0 million, or $0.06 per diluted share on 384.3 million shares, consistent with the loss position and no anti-dilution effects. Cash and equivalents stood at $57.3 million, bolstered by $360.5 million in marketable securities for ample liquidity, with no debt; free cash flow turned positive at $0.3 million (derived) after minimal $0.03 million capex. Adjusted EBITDA loss shrank 35% to $9.2 million, fully reconciled in the filing. Ongoing securities litigation poses a balanced risk, potentially straining resources if resolved adversely.
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