Nextdoor Holdings (NXDR)
NYSE:NXDR
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Nextdoor Holdings
(NYSE:NXDR)
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Rating:54Neutral
Price Target:
$1.50
▼(-2.60% Downside)
Action:ReiteratedDate:05/07/26
NXDR scores in the mid-range primarily because financial performance is improving (high gross margins, low leverage, and a return to positive operating/free cash flow) but GAAP profitability remains negative. Technicals add modest support with positive short-term momentum, while valuation is weakened by negative earnings and no dividend. The earnings call was a net positive on operational progress and liquidity, tempered by near-term margin pressure and user metric volatility.
Positive Factors
Proprietary neighborhood graph
Nextdoor’s verified neighborhood graph is a durable, hard-to-replicate first-party signal that underpins hyperlocal targeting and trust. This asset creates structural advertising differentiation, supports high-quality engagement, and raises barriers for competitors seeking equivalent local reach and identity fidelity.
Negative Factors
GAAP profitability still negative
Despite adjusted EBITDA progress, persistent GAAP losses and a -21% net margin in 2025 mean equity returns remain negative and ROE is impaired. If GAAP profitability isn’t sustained, cumulative losses could erode equity and limit long-term capital allocation flexibility despite improving unit economics.
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Positive Factors
Negative Factors
Proprietary neighborhood graph
Nextdoor’s verified neighborhood graph is a durable, hard-to-replicate first-party signal that underpins hyperlocal targeting and trust. This asset creates structural advertising differentiation, supports high-quality engagement, and raises barriers for competitors seeking equivalent local reach and identity fidelity.
Read all positive factors
Nextdoor Holdings (NXDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$615.67M
Dividend YieldN/A
Average Volume (3M)2.87M
Price to Earnings (P/E)―
Beta (1Y)1.47
Revenue Growth4.19%
EPS Growth44.44%
CountryUS
Employees546
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.14
Shares Outstanding250,120,540
10 Day Avg. Volume2,408,097
30 Day Avg. Volume2,866,152
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 Cap1.17
Enterprise Value/Revenue2.79
Enterprise Value/Gross Profit3.32
Enterprise Value/Ebitda-9.98
Forecast
1Y Price Target
$2.18Price Target Upside41.77% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)-0.11
Revenue Forecast (FY)$274.91M
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 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
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
1.54
Price Trends
1.56
Negative
1.78
Negative
1.86
Negative
Market Momentum
-0.02
Negative
57.08
Neutral
88.97
Negative
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 1.54 is above the 20-day moving average (MA) of 1.43, below the 50-day MA of 1.56, and below the 200-day MA of 1.86, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.08 is Neutral, neither overbought nor oversold. The STOCH value of 88.97 is Negative, 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.58B | 12.27 | 19.96% | ― | 3.75% | 16.49% | |
73 Outperform | $727.63M | 7.42 | 75.44% | ― | 24.49% | 181.60% | |
63 Neutral | $404.81M | 10.52 | 7.03% | ― | 5.94% | 56.89% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $559.28M | 11.32 | -568.82% | ― | 15.66% | 138.39% | |
54 Neutral | $615.67M | -11.86 | -10.32% | ― | 4.19% | 44.44% | |
50 Neutral | $645.78M | 24.17 | 6142.31% | ― | 1.19% | -43.18% |
* Communication Services Sector Average
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Nextdoor Holdings Corporate Events
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.