Nextdoor Holdings, Inc. (NXDR)
NYSE:NXDR
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Nextdoor Holdings
(NYSE:NXDR)
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Rating:64Neutral
Price Target:
$2.00
▲(29.87% Upside)
Action:Reiterated
Date:06/16/26
NXDR scores in the mid-range primarily due to improving financial trajectory (strong growth, high margins, low leverage, and recently positive cash flow) and a positive earnings-call setup with raised guidance and near-breakeven adjusted EBITDA. Technicals are supportive with the stock above key moving averages. The main constraint is valuation/earnings quality given a negative P/E and ongoing GAAP losses.
Positive Factors
Revenue growth & unit economics
Sustained high revenue growth alongside ~84% gross margins indicates strong unit economics and pricing power in local advertising. Durable margin structure gives room for operating leverage as revenue scales, supporting long‑term margin expansion even before full GAAP profitability is achieved.
Negative Factors
GAAP profitability still negative
Persistent GAAP losses and negative operating margins limit long‑term return on equity and capital efficiency. While adjusted EBITDA improved, sustained GAAP profitability is needed to validate unit economics at scale and to avoid tradeoffs between growth investments and margin improvement over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & unit economics
Sustained high revenue growth alongside ~84% gross margins indicates strong unit economics and pricing power in local advertising. Durable margin structure gives room for operating leverage as revenue scales, supporting long‑term margin expansion even before full GAAP profitability is achieved.
Read all positive factors
Nextdoor Holdings (NXDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$839.05M
Dividend YieldN/A
Average Volume (3M)3.26M
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue Growth6.78%
EPS Growth52.54%
CountryUS
Employees546
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.11
Shares Outstanding253,892,530
10 Day Avg. Volume2,232,459
30 Day Avg. Volume3,263,284
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 Cap0.97
Enterprise Value/Revenue3.07
Enterprise Value/Gross Profit3.66
Enterprise Value/Ebitda-16.51
Forecast
1Y Price Target
$2.25Price Target Upside46.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.09
Revenue Forecast (FY)$284.05M
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 generates revenue through digital advertising sold to businesses and organizations seeking to reach users based on neighborhood-level location and local context. Its main revenue stream is advertising, which has included offerin...
Nextdoor Holdings Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call communicated clear operational and financial momentum: revenue accelerated to +14% YoY, adjusted EBITDA materially improved to near breakeven, WAU inflected positively, self-serve and product/AI investments showed early traction, and guidance was raised for 2026. Remaining negatives are an ongoing GAAP loss, concentrated active-user base relative to total registered users, advertiser churn that management wants to reduce, and early-stage monetization for new products. Overall the positives — revenue acceleration, profitability progress, product-led engagement improvements and an upgraded outlook — substantially outweigh the listed challenges.Positive Updates
All-time High Platform Engagement
Platform weekly active users (WAU) reached 22.3 million in Q1, a sequential rise from 21.0 million in Q4 (≈+6.2%) and a slight year-over-year increase from ~22.0 million (~+1.4%), marking the first positive inflection in several quarters.
Negative Updates
GAAP Loss Remains
Despite margin improvement, GAAP net loss was $11 million in Q1 (negative 19% margin) — the company is not yet GAAP profitable and still records a substantive quarterly loss.
Read all updates
Q1-2026 Updates
Positive
Negative
All-time High Platform Engagement
Platform weekly active users (WAU) reached 22.3 million in Q1, a sequential rise from 21.0 million in Q4 (≈+6.2%) and a slight year-over-year increase from ~22.0 million (~+1.4%), marking the first positive inflection in several quarters.
Read all positive updates
Company Guidance
Nextdoor guided Q2 2026 revenue of $71–73 million and adjusted EBITDA of $4–6 million, and raised its full‑year 2026 outlook to roughly 10% revenue growth with an adjusted EBITDA margin in the high‑single‑digits (up from prior mid‑single‑digits). That guidance builds on a strong Q1 in which revenue was $62M (up 14% YoY and above the prior $57–59M guide), platform WAU hit an all‑time high of 22.3M, adjusted EBITDA was near breakeven (~ –$0.2M, a ~$9M YoY improvement), GAAP net loss was $11M (‑19% margin), self‑serve grew 28% YoY to ~68% of revenue, revenue per employee rose 31% YoY, cash and marketable securities totaled $373M, the company repurchased 17M shares for $29M at $1.69 average, and a new $100M repurchase authorization was announced.Nextdoor Holdings Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 265.14M | 257.65M | 247.28M | 218.31M | 212.76M | 192.20M |
| Gross Profit | 222.55M | 216.66M | 205.43M | 176.70M | 173.78M | 163.38M |
| EBITDA | -49.28M | -50.64M | -93.46M | -141.24M | -130.59M | -91.00M |
| Net Income | -43.67M | -54.20M | -98.06M | -147.76M | -137.92M | -95.33M |
Balance Sheet | ||||||
| Total Assets | 452.52M | 486.80M | 513.95M | 654.56M | 699.56M | 840.09M |
| Cash, Cash Equivalents and Short-Term Investments | 373.15M | 404.77M | 426.98M | 531.10M | 583.30M | 715.81M |
| Total Debt | 29.99M | 55.60M | 40.75M | 66.59M | 61.60M | 68.73M |
| Total Liabilities | 51.03M | 55.52M | 60.47M | 96.01M | 88.49M | 95.10M |
| Stockholders Equity | 401.48M | 431.28M | 453.49M | 558.56M | 611.07M | 744.99M |
Cash Flow | ||||||
| Free Cash Flow | 6.73M | 5.89M | -20.61M | -59.54M | -63.66M | -60.11M |
| Operating Cash Flow | 7.35M | 6.47M | -20.20M | -59.27M | -60.50M | -51.27M |
| Investing Cash Flow | 43.73M | 42.57M | 86.43M | 66.49M | -342.45M | -149.52M |
| Financing Cash Flow | -53.07M | -33.99M | -81.03M | 8.92M | -64.35M | 637.58M |
Nextdoor Holdings Technical Analysis
Positive
1.54
Price Trends
1.86
Positive
1.74
Positive
1.87
Positive
Market Momentum
0.08
Positive
61.82
Neutral
81.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXDR, the sentiment is Positive. The current price of 1.54 is below the 20-day moving average (MA) of 2.10, below the 50-day MA of 1.86, and below the 200-day MA of 1.87, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 61.82 is Neutral, neither overbought nor oversold. The STOCH value of 81.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | $713.13M | 6.59 | 53.39% | ― | 24.49% | 181.60% | |
75 Outperform | $1.26B | 9.69 | 19.70% | ― | 2.09% | 4.03% | |
64 Neutral | $839.05M | -19.49 | -10.32% | ― | 6.78% | 52.54% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $373.17M | 12.99 | 7.03% | ― | 5.94% | 56.89% | |
55 Neutral | $631.61M | 14.49 | -568.82% | ― | 15.66% | 138.39% | |
49 Neutral | $614.96M | -6.34 | 364.92% | ― | 2.42% | -175.21% |
* Communication Services Sector Average
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Nextdoor Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
Nextdoor Holdings Shareholders Approve Proposals at 2026 Meeting
Positive
Jun 15, 2026
On June 9, 2026, Nextdoor Holdings, Inc. held its 2026 Annual Meeting of Stockholders virtually, with holders of shares representing 1,370,265,471 votes present, constituting a quorum and reflecting high shareholder participation in corporate gove...
Business Operations and StrategyStock BuybackFinancial Disclosures
Nextdoor Announces New $100 Million Share Repurchase Program
Positive
May 6, 2026
On May 6, 2026, Nextdoor’s board approved a share repurchase program authorizing the buyback of up to $100 million of Class A common stock through June 30, 2028, with purchases made at management’s discretion in compliance with securit...
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.