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Nextdoor Holdings
(NASDAQ:NXDR)
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Rating:64Neutral
Price Target:
$2.50
▲(4.60% Upside)
Action:Reiterated
Date:10/02/26
NXDR scores as moderately attractive primarily due to improving financial performance (narrowing losses, positive free cash flow, and low leverage) and a constructive earnings update with raised outlook and ongoing margin progress. Offsetting these positives are the lack of GAAP profitability, uneven recent revenue growth, and weak valuation support given the negative P/E and no dividend.
Positive Factors
Engagement and revenue growth
Record weekly active users alongside 15% year-over-year revenue growth indicates improving product engagement and monetization. The raised full-year outlook suggests management expects this operating momentum to persist, supporting a stronger platform foundation over the next several quarters.
Negative Factors
GAAP profitability remains unachieved
Despite adjusted EBITDA progress, the company remains GAAP loss-making, so its operating model has not yet demonstrated durable earnings power. Stock-based compensation remains a key gap between adjusted EBITDA and net income, keeping profitability dependent on further cost and revenue improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Engagement and revenue growth
Record weekly active users alongside 15% year-over-year revenue growth indicates improving product engagement and monetization. The raised full-year outlook suggests management expects this operating momentum to persist, supporting a stronger platform foundation over the next several quarters.
Read all positive factors
Nextdoor Holdings (NXDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$932.30M
Dividend YieldN/A
Average Volume (3M)2.12M
Price to Earnings (P/E)―
Beta (1Y)1.64
Revenue Growth9.79%
EPS Growth53.33%
CountryUS
Employees463
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.08
Shares Outstanding259,381,560
10 Day Avg. Volume1,899,739
30 Day Avg. Volume2,123,372
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)1.88
Price to Sales (P/S)3.15
P/FCF Ratio137.72
Enterprise Value/Market Cap0.55
Enterprise Value/Revenue1.87
Enterprise Value/Gross Profit2.23
Enterprise Value/Ebitda-14.22
Forecast
1Y Price Target
$3.13Price Target Upside31.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.05
Revenue Forecast (FY)$292.60M
Nextdoor Holdings Business Overview & Revenue Model
Company Description
Nextdoor Holdings, Inc. functions as an umbrella organization that operates a social networking platform specifically designed to connect residents with local businesses. The enterprise was established by Nirav Tolia in 2008 and maintains its prin...
How the Company Makes Money
Nextdoor primarily makes money through advertising and marketing services sold to businesses and organizations seeking to reach users in specific local geographies.
Key revenue streams include:
- Local advertising: Nextdoor sells ad placements an...
Nextdoor Holdings Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call communicated strong operational and financial momentum: record platform WAU, a revenue beat (+15% YoY), meaningful adjusted EBITDA improvement ($10M, +$12M YoY) and accelerating self-serve revenue (+32% YoY). Product and AI-driven initiatives (Faves, Ask) and contributor growth support the company thesis of compounding engagement and monetization. However, GAAP profitability has not yet been achieved (Q2 GAAP loss of $2M), lead-generation monetization remains early and Q3 adjusted EBITDA guidance is lower than Q2, creating some near-term profitability uncertainty. On balance, the positives (broad-based revenue growth, margin improvement, cash position, product traction) outweigh the remaining challenges.Positive Updates
Platform Engagement Rebounded — All-Time High WAU
Platform WAU reached a record 22.9 million, up 5% year-over-year and up sequentially for a second consecutive quarter, indicating durable improvement from product investments.
Negative Updates
GAAP Net Loss Remains
Q2 GAAP net loss was $2 million (negative 3% margin). Management said GAAP profitability is a priority but did not provide a specific timeline; stock-based compensation remains the primary gap between adjusted EBITDA and GAAP net income.
Read all updates
Q2-2026 Updates
Positive
Negative
Platform Engagement Rebounded — All-Time High WAU
Platform WAU reached a record 22.9 million, up 5% year-over-year and up sequentially for a second consecutive quarter, indicating durable improvement from product investments.
Read all positive updates
Company Guidance
Nextdoor guided Q3 2026 revenue of $76–$78 million and adjusted EBITDA of $6.5–$8.0 million, and raised its full‑year 2026 outlook to low‑teens revenue growth with an adjusted‑EBITDA margin of approximately 10%, while expecting Platform WAU to continue increasing sequentially in the back half of the year. These targets follow Q2 results that beat prior guidance—Platform WAU 22.9 million (up 5% YoY), revenue $75 million (up 15% YoY; prior guidance $71–$73M), adjusted EBITDA $10 million (13% margin; ~ $12M YoY improvement), GAAP net loss $2 million (−3% margin), self‑serve revenue +32% YoY (~67% of revenue), annualized revenue per employee +29% YoY, $378 million in cash and equivalents, $9.6 million cash flow from operations YTD, and no debt.Nextdoor Holdings Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 274.60M | 257.65M | 247.28M | 218.31M | 212.76M | 192.20M |
| Gross Profit | 231.18M | 216.66M | 205.43M | 176.70M | 173.78M | 163.38M |
| EBITDA | -36.20M | -50.64M | -93.46M | -141.24M | -130.59M | -91.00M |
| Net Income | -30.43M | -54.20M | -98.06M | -147.76M | -137.92M | -95.33M |
Balance Sheet | ||||||
| Total Assets | 461.86M | 486.80M | 513.95M | 654.56M | 699.56M | 840.09M |
| Cash, Cash Equivalents and Short-Term Investments | 377.97M | 404.77M | 426.98M | 531.10M | 583.30M | 715.81M |
| Total Debt | 27.70M | 55.60M | 40.75M | 66.59M | 61.60M | 68.73M |
| Total Liabilities | 51.24M | 55.52M | 60.47M | 96.01M | 88.49M | 95.10M |
| Stockholders Equity | 410.63M | 431.28M | 453.49M | 558.56M | 611.07M | 744.99M |
Cash Flow | ||||||
| Free Cash Flow | 12.27M | 5.89M | -20.61M | -59.54M | -63.66M | -60.11M |
| Operating Cash Flow | 12.76M | 6.47M | -20.20M | -59.27M | -60.50M | -51.27M |
| Investing Cash Flow | 36.48M | 42.57M | 86.43M | 66.49M | -342.45M | -149.52M |
| Financing Cash Flow | -47.88M | -33.99M | -81.03M | 8.92M | -64.35M | 637.58M |
Nextdoor Holdings Technical Analysis
Neutral
2.39
Price Trends
2.42
Negative
2.37
Positive
2.05
Positive
Market Momentum
<0.01
Positive
45.77
Neutral
17.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXDR, the sentiment is Neutral. The current price of 2.39 is below the 20-day moving average (MA) of 2.50, below the 50-day MA of 2.42, and above the 200-day MA of 2.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.77 is Neutral, neither overbought nor oversold. The STOCH value of 17.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NXDR.
Nextdoor Holdings Risk Analysis
Nextdoor Holdings disclosed 67 risk factors in its most recent earnings report. Nextdoor Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nextdoor Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $3.90T | 15.73 | 50.84% | 0.27% | 20.23% | 112.71% | |
76 Outperform | $26.25B | 29.87 | 29.02% | ― | 66.59% | 285.68% | |
72 Outperform | $1.02B | 8.89 | 18.61% | ― | 1.50% | -6.82% | |
64 Neutral | $932.30M | -30.66 | -7.27% | ― | 9.79% | 53.33% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $249.42M | -1.12 | -25.18% | ― | -8.83% | -554.39% | |
46 Neutral | $671.79M | -5.33 | 212.18% | ― | 1.98% | -1806.09% |
* Communication Services Sector Average
NXDR
Nextdoor Holdings
2.41
0.44
22.34%
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Nextdoor Holdings Corporate Events
Business Operations and StrategyDelistings and Listing Changes
Nextdoor Holdings to Transfer Stock Listing to Nasdaq
Positive
Oct 1, 2026
On October 1, 2026, Nextdoor Holdings, Inc. announced it would voluntarily transfer the listing of its Class A common stock from the New York Stock Exchange to the Nasdaq Capital Market. Trading on the NYSE is expected to end after market close on...
Business Operations and StrategyExecutive/Board Changes
Nextdoor Announces Leadership Change in Product Management
Neutral
Sep 25, 2026
On September 21, 2026, Nextdoor Holdings, Inc. disclosed that Craig Lisowski resigned as President of Products, with his departure effective October 16, 2026. The company stated that Lisowski’s resignation was not due to any disagreement ove...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.