Nextdoor Holdings, Inc.
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Buy today and, net of cash, you are paying roughly $460 million for an advertising business whose visitor count has been stuck around 22 million for five quarters. Wait, and the next quarterly report (10-Q) gives you four lines to check: weekly active neighbors against 22.3 million, revenue per neighbor against $2.77, the Class A share count against 253,892,530 (as of May 4, 2026), and cash and securities against $373.2 million. If the audience grows two quarters in a row, the case changes. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Nextdoor is the neighborhood network built on a verified home address — more than 105 million people are registered, but only 22.3 million open the app in an average week. That is where the case sits: revenue rose to $257.6 million in 2025 and by 13.8 percent in the first quarter of 2026, yet the audience has been flat for five quarters; what grew was the price per neighbor. Operationally the progress is real — the operating loss has more than halved since 2023, 2025 brought the first positive operating cash flow, and the balance sheet holds $373.2 million with no debt. Against that stand stock compensation larger than the loss, close to 20 percent of potential dilution, and metrics the company computes itself and has already had to correct once. Not investment advice.
Balance sheet & financial strength
As of March 31, 2026 the balance sheet held $373.2 million in cash and marketable securities with not a single financial liability, an equity ratio of 88.6 percent and an Altman Z-score of 7.45. That is roughly 45 percent of a market value of about $835 million (share price $2.19 on July 24, 2026).
Cost discipline & earnings trend
The operating loss fell from $172.3 million (2023) through $121.6 million (2024) to $71.9 million (2025); in 2025 operations generated cash for the first time (positive $6.5 million). In the first quarter of 2026 adjusted EBITDA reached negative $0.2 million, against negative $9.2 million a year earlier.
Audience & source of growth
Weekly active neighbors across five quarters ran 22.0 / 21.8 / 21.6 / 21.0 / 22.3 million, down 5 percent year over year in the fourth quarter of 2025. Revenue growth comes almost entirely from price: revenue per neighbor rose from $2.46 to $2.77 in the first quarter.
Dilution & stock compensation
Stock-based compensation cost $65.3 million in 2025 (a quarter of revenue) and, at $14.8 million in the first quarter of 2026, exceeded the net loss of $11.4 million. As of March 31, 2026, $113.6 million was unrecognized and 74.1 million potentially dilutive securities were outstanding — close to 20 percent of 377.6 million shares.
Data quality & governance
Platform WAU and Platform ARPU are computed by the company itself and not validated by an independent third party; an iOS bug forced a revision of the figures for Q1 2024 through Q1 2025, and the definition was narrowed at the same time. Class B shares carry ten votes each and secure insiders the voting majority (as of March 31, 2026).
Valuation
A market value of roughly $835 million equals about 3.2 times trailing twelve-month revenue of $265.1 million and about 2.1 times book value (as of July 25, 2026). Strip out the $373.2 million of cash and securities and the operating business costs roughly $460 million — about 1.7 times revenue. There is no price-earnings ratio, because there are no earnings.
Worth Noting
NXDR came onto the research list as rank 38 of 81 U.S. hits in our in-house Big Earnings Surprise ranking (as of July 25, 2026, relative strength rating 72) — part of our series filling the top 50 of that ranking with analyses. The screen lists are recalculated daily.
All four surprises in the streak are loss figures: the reported loss per share came in smaller than estimated (Q1 2026: minus $0.03 against minus $0.04). The ranking measures deviation from the estimate, not earning power.
Possible confusion: the ticker was "KIND" until July 21, 2025 — price, options and filing history before that date live there. The SEC register also carries the former name "Khosla Ventures Acquisition Co. II" (February 12, 2021 to November 3, 2021), the shell company behind the November 5, 2021 listing. Not to be confused with the KIND identifier used by other issuers.
Recency note: the most recent quarterly report (10-Q) is dated May 6, 2026. Filings submitted after it have been reviewed — the current report 8-K of June 15, 2026 (Item 5.07, results of the annual meeting held June 9, 2026) and Rule 144 notices from June and July 2026; none of them changes the picture. Fundamental data list August 4, 2026 as the expected reporting date for second-quarter 2026 results (as of July 25, 2026).
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at NXDR since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 1.40 $ to 2.80 $ · Last price: 2.50 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Internet Content & Information
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Nextdoor Holdings, Inc. NXDR | 1.0 | – | 0.0 | 84.2 | -24.9 | 4.2 | 12.2 |
| Alphabet Inc Class A GOOGL | 4,238.0 | 26.1 | 12.3 | 60.9 | 36.1 | 15.1 | 39.6 |
| Alphabet Inc Class C GOOG | 4,226.7 | 25.7 | 12.3 | 60.9 | 36.1 | 15.1 | 37.9 |
| Meta Platforms Inc. META | 1,737.1 | 25.4 | 14.9 | 81.8 | 40.6 | 22.2 | -11.8 |
| Spotify Technology SA SPOT | 108.7 | 39.3 | 23.1 | 32.8 | 15.8 | 9.7 | -25.2 |
| Nebius Group N.V. NBIS | 48.1 | – | 50.6 | 74.3 | – | – | 131.7 |
| Reddit, Inc. RDDT | 31.1 | 44.2 | 35.5 | 91.4 | 27.6 | 69.4 | -42.7 |
| Baidu Inc BIDU | 30.5 | – | 51.2 | 40.9 | 10.0 | -3.0 | -28.5 |
| Tencent Music Entertainment Group TME | 12.8 | 9.3 | 6.9 | 44.3 | 30.4 | 15.9 | -68.5 |
| Median of companies shown | 48.1 | 25.9 | 14.9 | 60.9 | 29.0 | 15.1 | -11.8 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2019 | 83 | -75 | -73 | -2.62 | -64 | 190 | 221 |
| 2020 | 123 | -77 | -75 | -0.20 | -42 | -298 | 218 |
| 2021 | 192 | -95 | -95 | -0.65 | -51 | 745 | 840 |
| 2022 | 213 | -144 | -138 | -0.36 | -61 | 611 | 700 |
| 2023 | 218 | -172 | -148 | -0.39 | -59 | 559 | 655 |
| 2024 | 247 | -122 | -98 | -0.25 | -20 | 453 | 514 |
| 2025 | 258 | -72 | -54 | -0.14 | 6 | 431 | 487 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q2 | -0.04 | 55.60 | 63 | 11.30 | -67.60 | -5 | -6 |
| 2024: Q3 | -0.04 | 60.00 | 66 | 17.00 | -22.70 | -13 | -13 |
| 2024: Q4 | -0.04 | 55.60 | 65 | 17.40 | -18.60 | 12 | 12 |
| 2025: Q1 | -0.06 | 14.30 | 54 | 1.90 | -40.50 | 0 | 0 |
| 2025: Q2 | -0.04 | 0.00 | 65 | 2.80 | -23.60 | 3 | 3 |
| 2025: Q3 | -0.02 | 50.00 | 69 | 5.00 | -18.70 | -6 | -7 |
| 2025: Q4 | -0.01 | 75.00 | 70 | 6.50 | -5.80 | 10 | 9 |
| 2026: Q1 | -0.03 | 50.00 | 62 | 13.80 | -18.50 | 1 | 1 |
| 2026: Q2 | -0.01 | 75.00 | 75 | 14.60 | -2.80 | 8 | 8 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 7 of our scanner strategies — each hit links to the scanner.
Earnings & Surprises
Momentum & Trend
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.05 | -0.05 – -0.04 | 293 | 66.7% | 3 |
| 12/31/2027 | -0.04 | -0.05 – -0.03 | 327 | 21.4% | 3 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 26.3% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $12.3M |
|---|---|
| Market cap | $953.0M |
| Free cash flow in year ten | $127.0M |
| Terminal value as a share of market value | 70.2% |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Nextdoor setzt KI und maschinelles Lernen operativ ein — zur Personalisierung des neuen Feeds, für Werbemittel-Werkzeuge der Anbieter und in der Inhalte-Moderation —, verkauft aber kein KI-Produkt und weist keinen KI-Umsatz aus.
View the full file — quotes, sources, reviewed filings
„This evolution expands the platform beyond primarily neighbor-generated content to a dynamic feed enriched with timely, locally relevant information — including news and alerts — with artificial intelligence (“AI”) and machine learning (“ML”) used to help surface and personalize content for neighbors."
Diese Weiterentwicklung erweitert die Plattform über die überwiegend von Nachbarn erzeugten Inhalte hinaus zu einem dynamischen Feed, angereichert mit zeitnahen, örtlich relevanten Informationen — darunter Nachrichten und Warnmeldungen —, wobei künstliche Intelligenz („KI“) und maschinelles Lernen („ML“) dabei helfen, Inhalte für Nachbarn auszuwählen und zu personalisieren.
10-K · 2026-02-18 · View SEC filing
„In 2025, we expanded our creative capabilities with AI-powered tools that help advertisers generate locally relevant copy and imagery at scale."
2025 haben wir unsere Gestaltungsmöglichkeiten um KI-gestützte Werkzeuge erweitert, die Werbetreibenden helfen, örtlich passende Texte und Bilder in großer Zahl zu erzeugen.
10-K · 2026-02-18 · View SEC filing
„We are continuing to make investments in AI initiatives, including to recommend relevant content across our products, enhance our advertising tools, and develop new product features using generative AI."
Wir investieren weiterhin in KI-Vorhaben, unter anderem um in unseren Produkten passende Inhalte zu empfehlen, unsere Werbewerkzeuge zu verbessern und neue Produktfunktionen mit erzeugender KI zu entwickeln.
10-Q · 2026-05-06 · View SEC filing
Filings Reviewed: 10-K 2026-02-18 · 10-Q 2026-05-06 · 10-Q 2025-11-05 · 10-Q 2025-08-07 · 10-Q 2025-05-07 · 10-K 2025-02-27
Rated on July 25, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 6.6%
- More than 10% revenue growth is expected for the coming year -71.1%
- Share count grows by less than 3% a year 0.7%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 6.5%
- Gross margin at 40% or higher and without meaningful erosion 84.1%
- Goodwill from acquisitions does not grow faster than revenue 0.3%
- Net debt below twice EBITDA 349 m net cash
- Operating cash flow covers the profits of the last three years 227 m
- Return on capital at 15% or higher, or up versus two years ago -15.8%
- Insiders hold at least 10% or are net buyers 3.4%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 20.9%
- Exp. sales growth 3Y > 5% 12.7%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 12.7%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% -12.6%
- ROCE > 15% -15.8%
- Expected return > 10% 13.4%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | How Antoinette | Chief Accounting Officer | Sell | 35,581 | 2.25 | 80,118 |
| Aug 21, 2026 | Kiernan Michael | Chief Revenue Officer | Sell | 111,559 | 2.39 | 266,314 |
| Aug 17, 2026 | Schwartz Sophia | Chief Legal Officer, Secretary | Sell | 2,500 | 2.51 | 6,286 |
| Jul 16, 2026 | Lisowski Craig | President of Products | Sell | 30,000 | 2.51 | 75,195 |
| Jul 16, 2026 | How Antoinette | Chief Accounting Officer | Sell | 9,424 | 2.48 | 23,413 |
| Jul 16, 2026 | Schwartz Sophia | General Counsel and Secretary | Sell | 52,582 | 2.49 | 130,666 |
| Jul 15, 2026 | How Antoinette | Chief Accounting Officer | Other | 2,906 | 2.52 | 7,323 |
| Jul 15, 2026 | How Antoinette | Chief Accounting Officer | Other | 8,104 | 0.00 | – |
| Jul 15, 2026 | How Antoinette | Chief Accounting Officer | Other | 3,398 | 2.52 | 8,563 |
| Jul 15, 2026 | How Antoinette | Chief Accounting Officer | Other | 9,478 | 0.00 | – |
The company
About the Company
Nextdoor Holdings, Inc. operates a neighborhood network that connects neighbors, businesses, and public agencies in the United States and internationally. The company provides local news, events, relevant discussions, and exchange goods and services, as well as discovers and supports local businesses. It operates in 11 countries. The company is headquartered in San Francisco, California.
- Employees
- 463
- Headquarters
- San Francisco, CA
- Address
- 420 Taylor Street, 94102 San Francisco, United States
- Phone
- 415 344 0333
- Website
- nextdoor.com
- IPO Date
- 03/24/2021
- ISIN
- US65345M1080
Management
| Name | Title | Birth Year |
|---|---|---|
| Nirav N. Tolia | Co-Founder, CEO, President & Chairperson of the Board | 1972 |
| Indrajit Ponnambalam | Treasurer & CFO | 1974 |
| Sophia Contreras Schwartz | Chief Legal Officer & Secretary | 1985 |
| Craig Lisowski | President of Products | – |
| Michael Kiernan | Chief Revenue Officer | 1985 |
| Sarah C. Leary | Co-Founder, Chief of Marketing, Community & Business Operations | 1971 |
| Antoinette How | Chief Accounting Officer | 1976 |
| Colin Bourland | Head of Investor Relations & Corporate Development | – |
| Kelsey Grady | Executive VP of Communications | – |
| Tony Castellanos | Executive Vice President of People | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/04/2026 Nextdoor Holdings, Inc. (NXDR): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.