Nextdoor Holdings (NXDR)
NYSE:NXDR
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Nextdoor Holdings
(NYSE:NXDR)
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Rating:51Neutral
Price Target:
$1.50
▼(-1.32% Downside)
Action:ReiteratedDate:02/19/26
The score is driven primarily by improving but still mixed financial performance (strong gross margins, better cash flow, low leverage, but continued GAAP losses). Technicals are a notable drag with the stock below key moving averages and negative MACD. The earnings call adds support via improved monetization and adjusted profitability, but near-term guidance and WAU volatility temper the outlook; valuation is constrained by a negative P/E and no dividend.
Positive Factors
High gross margins & revenue re-acceleration
Very high gross margins (~81–85%) signal strong unit economics typical of scalable ad platforms, and the 2025 revenue re-acceleration demonstrates improving monetization and demand. Together these durable fundamentals support reinvestment and a path to sustained profitability if execution continues.
Negative Factors
GAAP losses and negative ROE
Despite adjusted profitability progress, persistent GAAP losses and a roughly -21% net margin in 2025 (and negative ROE) show the company has not yet converted strong unit economics into sustained GAAP earnings. Continued losses can pressure shareholder equity and constrain long-term return generation if not closed.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins & revenue re-acceleration
Very high gross margins (~81–85%) signal strong unit economics typical of scalable ad platforms, and the 2025 revenue re-acceleration demonstrates improving monetization and demand. Together these durable fundamentals support reinvestment and a path to sustained profitability if execution continues.
Read all positive factors
Nextdoor Holdings (NXDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$589.34M
Dividend YieldN/A
Average Volume (3M)4.21M
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue Growth6.65%
EPS Growth50.32%
CountryUS
Employees546
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.01
Shares Outstanding260,137,120
10 Day Avg. Volume1,970,316
30 Day Avg. Volume4,212,273
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 Cap1.00
Enterprise Value/Revenue2.28
Enterprise Value/Gross Profit2.72
Enterprise Value/Ebitda-8.18
Forecast
1Y Price Target
$2.15Price Target Upside41.45% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.14
Revenue Forecast (FY)$274.68M
Nextdoor Holdings Business Overview & Revenue Model
Company Description
Nextdoor Holdings, Inc. operates as a holding company, which engages in the provision of a social network site connecting with neighborhood and businesses. The company was founded by Nirav Tolia in 2008 and is headquartered in San Francisco, CA....
How the Company Makes Money
Nextdoor primarily makes money through advertising and marketing services sold to businesses and organizations that want to reach users in specific neighborhoods or local areas. Its main revenue stream is advertising, including (1) local advertisi...
Nextdoor Holdings Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call emphasized clear operational and monetization progress: record quarterly revenue, strong self-serve growth, rising ARPU, positive adjusted EBITDA, improved GAAP margins, and a strong cash position. Management stressed a disciplined, long-term strategy prioritizing engagement quality over raw user growth, and outlined multi-quarter product and AI investments that introduce near-term fluctuations (WAU declines, Q1 negative adjusted EBITDA). While GAAP profitability has not yet been achieved and programmatic/notification work remains, the highlights — particularly profitability on an adjusted basis, strong cash, and material self-serve momentum — materially outweigh the short-term headwinds described.Positive Updates
Record Quarterly Revenue
Q4 revenue of $69,000,000, up 7% year over year — described as the highest quarterly revenue in company history driven by self-serve demand and improved yields.
Negative Updates
Platform WAU Decline and Fluctuation
Platform WAU was 21,000,000 in Q4, a 3% sequential decline; management expects WAU to continue to fluctuate in the near term as they prioritize engagement quality over volume.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Quarterly Revenue
Q4 revenue of $69,000,000, up 7% year over year — described as the highest quarterly revenue in company history driven by self-serve demand and improved yields.
Read all positive updates
Company Guidance
Nextdoor guided Q1 2026 revenue of $57–$59M (midpoint ≈ +7% YoY) and adjusted EBITDA of negative $6–$4M (midpoint ≈ -9% margin), noting Q1 is seasonally the softest quarter, that platform WAU will likely continue to fluctuate near term as they prioritize engagement quality over volume (Q4 WAU = 21M, -3% sequential), and that they do not plan to increase ad load or step up new user acquisition in Q1; for full‑year 2026 they expect continued revenue growth with adjusted EBITDA margins in the mid‑single‑digit range. For context they cited Q4 highlights of $69M revenue (+7% YoY), $8M adjusted EBITDA (11% margin), full‑year 2025 positive adjusted EBITDA, ARPU +13% YoY, self‑serve revenue +32% YoY (~60% of total), revenue per employee +26% YoY, and a balance sheet with $405M cash, zero debt, and a Q4 repurchase of 2.5M shares at $1.77 average.Nextdoor Holdings Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 257.65M | 247.28M | 218.31M | 212.76M | 192.20M |
| Gross Profit | 216.66M | 205.43M | 176.70M | 173.78M | 163.38M |
| EBITDA | -70.01M | -93.46M | -166.51M | -138.55M | -90.63M |
| Net Income | -54.20M | -98.06M | -147.76M | -137.92M | -95.33M |
Balance Sheet | |||||
| Total Assets | 486.80M | 513.95M | 654.56M | 699.56M | 840.09M |
| Cash, Cash Equivalents and Short-Term Investments | 404.77M | 426.98M | 531.10M | 583.30M | 715.81M |
| Total Debt | 55.60M | 40.75M | 66.59M | 61.60M | 68.73M |
| Total Liabilities | 55.52M | 60.47M | 96.01M | 88.49M | 95.10M |
| Stockholders Equity | 431.28M | 453.49M | 558.56M | 611.07M | 744.99M |
Cash Flow | |||||
| Free Cash Flow | 5.89M | -20.61M | -59.54M | -63.66M | -60.11M |
| Operating Cash Flow | 6.47M | -20.20M | -59.27M | -60.50M | -51.27M |
| Investing Cash Flow | 42.57M | 86.43M | 66.49M | -342.45M | -149.52M |
| Financing Cash Flow | -33.99M | -81.03M | 8.92M | -64.35M | 637.58M |
Nextdoor Holdings Technical Analysis
Neutral
1.52
Price Trends
1.57
Negative
1.79
Negative
1.86
Negative
Market Momentum
-0.04
Negative
55.37
Neutral
60.65
Neutral
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 1.52 is above the 20-day moving average (MA) of 1.42, below the 50-day MA of 1.57, and below the 200-day MA of 1.86, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 55.37 is Neutral, neither overbought nor oversold. The STOCH value of 60.65 is Neutral, 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 55 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $557.38M | 9.83 | 54.21% | ― | 57.83% | 293.63% | |
71 Outperform | $1.60B | 13.22 | 19.96% | ― | 5.35% | 33.74% | |
64 Neutral | $382.52M | 34.17 | 5.27% | ― | 12.68% | 133.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | $615.54M | 28.43 | -477.82% | ― | 64.86% | -112.92% | |
51 Neutral | $589.34M | -14.97 | -12.56% | ― | 6.65% | 50.32% | |
50 Neutral | $526.41M | -8.50 | 6142.31% | ― | -0.76% | -635.75% |
* Communication Services Sector Average
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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.