olivLaw · US equity research
Nextdoor Holdings, Inc. NXDR
Services-Computer Programming, Data Processing, Etc. · SIC 7370 · Vertical: Services-Computer Programming, Data Processing, Etc. (SIC 7370)
Nextdoor is a neighborhood social network connecting verified neighbors to local information, safety alerts and hyperlocal advertising for businesses and public agencies. It matters now because after years of losses the company reported revenue growth and a positive adjusted EBITDA result in the second quarter of 2026, while weekly active users returned to growth. The detailed figures are in the figure lines above.
At the close of 04 Nov 2026, Nextdoor Holdings, Inc. (NXDR) stock was 2.44 USD (+5.17% on the day), with market capitalisation 934.4 m USD, 52-week range 2.23–2.63 USD. Latest reported quarter (Q2 2026): revenue of 74.6 m USD (+14.5% YoY), net income of -2.1 m USD, diluted EPS -0.01 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- unavailable
- Bollinger (20, 2)
- unavailable – unavailable
- SMA 50 / 200
- unavailable / unavailable
- MACD (12, 26, 9)
- unavailable / unavailable
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | unavailable | −1.1% | unavailable | — |
| 3 months | unavailable | −0.5% | unavailable | — |
| 6 months | unavailable | +4.4% | unavailable | — |
| Year to date | unavailable | +12.3% | unavailable | — |
| 1 year | unavailable | +13.5% | unavailable | −19.9% |
| 3 years | unavailable | +76.4% | unavailable | +3.2% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65.6 m | 65.2 m | 54.2 m | 65.1 m | 68.9 m | 69.5 m | 61.7 m | 74.6 m |
| Cost of revenue | 11.1 m | 10.5 m | 9.4 m | 10.6 m | 10.4 m | 10.5 m | 11.0 m | 11.5 m |
| Research & development | 31.9 m | 33.6 m | 33.5 m | 34.6 m | 35.7 m | 31.4 m | 32.0 m | 33.0 m |
| Operating income | -20.8 m | -17.1 m | -27.0 m | -20.3 m | -17.2 m | -7.4 m | -15.3 m | -5.7 m |
| Depreciation & amortisation | 777.0 k ≈ | 591.0 k | 544.0 k | 514.0 k ≈ | 475.0 k ≈ | 402.0 k | 356.0 k | 329.0 k ≈ |
| Pre-tax income | -14.7 m | -12.1 m | -21.8 m | -15.1 m | -12.7 m | -2.9 m | -11.3 m | -1.8 m |
| Income tax | 168.0 k | 23.0 k | 141.0 k | 268.0 k | 131.0 k | 1.1 m | 137.0 k | 294.0 k |
| Net income | -14.9 m | -12.1 m | -22.0 m | -15.4 m | -12.9 m | -4.0 m | -11.4 m | -2.1 m |
| Diluted EPS | -0.04 | -0.03 ≈ | -0.06 | -0.04 | -0.03 | -0.01 ≈ | -0.03 | -0.01 |
| Operating cash flow | -13.0 m ≈ | 11.8 m | 368.0 k | 2.9 m ≈ | -6.3 m ≈ | 9.5 m | 1.2 m | 8.4 m ≈ |
| Capex | 194.0 k ≈ | 89.0 k | 28.0 k | 309.0 k ≈ | 165.0 k ≈ | 78.0 k | 70.0 k | 173.0 k ≈ |
| Share repurchases | 19.8 m ≈ | 2.2 m | 9.1 m | 5.4 m ≈ | 0 ≈ | 4.4 m | 28.7 m | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 123.3 m | 192.2 m | 212.8 m | 218.3 m | 247.3 m | 257.6 m |
| Revenue YoY | unavailable | +55.9% | +10.7% | +2.6% | +13.3% | +4.2% |
| Net income | -75.2 m | -95.3 m | -137.9 m | -147.8 m | -98.1 m | -54.2 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | -0.83 | -0.65 | -0.36 | -0.39 | -0.25 | -0.14 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -61.0% | -49.6% | -64.8% | -67.7% | -39.7% | -21.0% |
| Free cash flow | -46.6 m | -60.1 m | -63.7 m | -59.5 m | -20.6 m | 5.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 63.3 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 431.3 m USD
- Total assets
- 486.8 m USD
- Debt / equity
- unavailable
- Current ratio
- 14.03x
- ROE
- -12.3%
- ROA
- -10.8%
- FCF margin
- 2.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 123.3 m | 192.2 m | 212.8 m | 218.3 m | 247.3 m | 257.6 m | SEC (XBRL)· 18 Feb 2026verified |
| Cost of revenue | 21.6 m | 28.8 m | 39.0 m | 41.6 m | 41.9 m | 41.0 m | SEC (XBRL)· 18 Feb 2026verified |
| Gross profit | 101.7 m ≈ | 163.4 m ≈ | 173.8 m ≈ | 176.7 m ≈ | 205.4 m ≈ | 216.7 m ≈ | SEC (XBRL)· 18 Feb 2026derived |
| Research & development | 69.2 m | 97.1 m | 127.1 m | 150.0 m | 127.9 m | 135.2 m | SEC (XBRL)· 18 Feb 2026verified |
| Operating income | -76.7 m | -94.8 m | -144.2 m | -172.3 m | -121.6 m | -71.9 m | SEC (XBRL)· 18 Feb 2026verified |
| Depreciation & amortisation | 3.1 m | 4.2 m | 5.7 m | 5.8 m | 3.9 m | 1.9 m | SEC (XBRL)· 18 Feb 2026verified |
| EBITDA | -73.6 m ≈ | -90.6 m ≈ | -138.5 m ≈ | -166.5 m ≈ | -117.7 m ≈ | -70.0 m ≈ | SEC (XBRL)· 18 Feb 2026derived |
| Pre-tax income | -75.1 m | -95.2 m | -136.2 m | -147.0 m | -97.4 m | -52.6 m | SEC (XBRL)· 18 Feb 2026verified |
| Income tax | 127.0 k | 157.0 k | 1.7 m | 756.0 k | 706.0 k | 1.6 m | SEC (XBRL)· 18 Feb 2026verified |
| Net income | -75.2 m | -95.3 m | -137.9 m | -147.8 m | -98.1 m | -54.2 m | SEC (XBRL)· 18 Feb 2026verified |
| Diluted EPS | -0.83 | -0.65 | -0.36 | -0.39 | -0.25 | -0.14 | SEC (XBRL)· 18 Feb 2026verified |
| Weighted average diluted shares | 90.2 m | 146.3 m | 378.7 m | 379.3 m | 385.1 m | 386.3 m | SEC (XBRL)· 18 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 83.6 m | 521.8 m | 55.2 m | 60.2 m | 45.6 m | 63.3 m | SEC (XBRL)· 18 Feb 2026verified |
| Receivables | 21.8 m | 29.7 m | 29.8 m | 26.2 m | 31.2 m | 34.4 m | SEC (XBRL)· 18 Feb 2026verified |
| Current assets | 165.4 m | 761.7 m | 625.3 m | 566.9 m | 466.7 m | 448.2 m | SEC (XBRL)· 18 Feb 2026verified |
| Property, plant & equipment, net | 5.7 m | 12.5 m | 11.8 m | 8.1 m | 2.7 m | 1.6 m | SEC (XBRL)· 18 Feb 2026verified |
| Goodwill | 1.2 m | 1.2 m | 1.2 m | 1.2 m | 1.2 m | 1.2 m | SEC (XBRL)· 18 Feb 2026verified |
| Intangibles (excl. goodwill) | 7.0 m | 4.8 m | 3.1 m | 1.3 m | 257.0 k | — | SEC (XBRL)· 27 Feb 2025verified |
| Total assets | 217.7 m | 840.1 m | 699.6 m | 654.6 m | 514.0 m | 486.8 m | SEC (XBRL)· 18 Feb 2026verified |
| Accounts payable | 3.4 m | 6.2 m | 4.5 m | 1.9 m | 249.0 k | 2.5 m | SEC (XBRL)· 18 Feb 2026verified |
| Current liabilities | 32.2 m | 33.5 m | 34.7 m | 35.4 m | 27.9 m | 31.9 m | SEC (XBRL)· 18 Feb 2026verified |
| Total liabilities | 68.4 m | 95.1 m | 88.5 m | 96.0 m | 60.5 m | 55.5 m | SEC (XBRL)· 18 Feb 2026verified |
| Equity | -297.9 m † | 745.0 m † | 611.1 m † | 558.6 m † | 453.5 m † | 431.3 m † | SEC (XBRL)· 18 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -41.6 m | -51.3 m | -60.5 m | -59.3 m | -20.2 m | 6.5 m | SEC (XBRL)· 18 Feb 2026verified |
| Capex | 5.0 m | 8.8 m | 3.2 m | 267.0 k | 404.0 k | 580.0 k | SEC (XBRL)· 18 Feb 2026verified |
| Free cash flow | -46.6 m ≈ | -60.1 m ≈ | -63.7 m ≈ | -59.5 m ≈ | -20.6 m ≈ | 5.9 m ≈ | SEC (XBRL)· 18 Feb 2026derived |
| Investing cash flow | 36.8 m | -149.5 m | -342.4 m | 66.5 m | 86.4 m | 42.6 m | SEC (XBRL)· 18 Feb 2026verified |
| Financing cash flow | 6.4 m | 637.6 m | -64.3 m | 8.9 m | -81.0 m | -34.0 m | SEC (XBRL)· 18 Feb 2026verified |
| Share repurchases | 0 | 0 | 77.2 m | 0 | 75.5 m | 18.9 m | SEC (XBRL)· 18 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 934.4 m USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 84.2% | 100 (on a fixed band) | 14% |
| EBIT margin · Quality | -16.6% | 25 (vs peers) | 11% |
| FCF margin · Quality | 4.5% | 18 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 6.6% | 26 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 4.2% | 32 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 13.3x | 100 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 1.3% | 26 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 3.5% | 92 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth28/100 · 2/2 factors with a value
- Quality52/100 · 3/3 factors with a value
- Returns92/100 · 1/1 factors with a value
- Valuation· partial26/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Nextdoor Holdings, Inc (NXDR). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 257.6 m USD in 2025; YoY growth 4.2%; net margin -11.1%; ROE -7.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Gross margin: 84.2%
- Current ratio: 13.3x
- Shareholder yield (distributions): 3.5%
What contradicts it
- EBIT margin: -16.6%
- FCF margin: 4.5%
- Revenue CAGR 3Y: 6.6%
- FCF yield: 1.3%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Computer Programming, Data Processing, Etc. (SIC 7370) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| GOOGLAlphabet Inc. | 3,552.1 bn | 15.1 | 44.3% | 50.0% | +15.1% | −10% / +118% |
| APPAppLovin Corporation | 90.0 bn | 18.3 | 210.1% | 65.9% | +70.0% | −55% / +625% |
| FLUTFlutter Entertainment plc | 14.2 bn | — | -14.3% | -7.1% | +16.6% | −61% / −48% |
| SNAPSnap Inc | 10.2 bn | — | -15.6% | -4.9% | +10.6% | −23% / −57% |
| DOCNDigitalOcean Holdings, Inc. | 9.9 bn | 281.3 | 5.1% | 3.1% | +15.5% | +89% / +184% |
| MTCHMatch Group, Inc. | 9.1 bn | 13.7 | — | 20.7% | +0.2% | +21% / +24% |
| NIQNIQ Global Intelligence plc | 6.0 bn | — | -65.3% | -8.0% | +5.7% | +29% / unavailable |
| SIFYSify Technologies Ltd | 5.8 bn | — | -4.1% | -2.0% | +9.0% | +20% / +53% |
| WIXWix.com Ltd. | 4.4 bn | 91.5 | — | 2.5% | +13.2% | −16% / −21% |
| DVDoubleVerify Holdings, Inc. | 2.1 bn | 34.0 | 5.8% | 8.2% | +13.9% | +29% / −59% |
| BZKanzhun Limited | 1.7 bn | 41.6 | 16.0% | 33.1% | +17.3% | −21% / +6% |
| WBWeibo Corporation | 1.6 bn | 3.8 | 12.1% | 25.6% | +0.1% | −35% / −36% |
| HSTMHealthstream Inc | 949.7 m | 45.4 | 6.0% | 6.6% | +4.3% | +29% / +30% |
| NXDRNextdoor Holdings, Inc | 934.4 m | — | -7.2% | -11.1% | +4.2% | unavailable / unavailable |
| CEVACeva, Inc. | 788.9 m | — | -3.6% | -9.5% | +2.5% | +30% / +29% |
| BMBLBumble Inc. | 718.8 m | — | -85.9% | -61.8% | −9.9% | +69% / −57% |
| RXTRackspace Technology, Inc. | 716.2 m | — | — | -5.9% | −1.9% | +165% / +123% |
| HUYAHUYA Inc. | 470.7 m | — | -1.9% | -1.7% | +11.6% | −27% / −38% |
| BLNDBlend Labs, Inc. | 302.7 m | — | — | -3.3% | +6.8% | −59% / +1% |
| HCATHealth Catalyst, Inc. | 119.7 m | — | -118.1% | -90.6% | +1.5% | −47% / −78% |
| JFJ & Friends Holdings Ltd | 68.4 m | — | — | -82.9% | −66.8% | −3% / −17% |
| GOAIEva Live Inc | 31.8 m | — | -58.5% | -39.3% | +82.6% | unavailable / unavailable |
| HOLOMicroCloud Hologram Inc. | 27.2 m | — | -2.3% | -12.4% | +38.6% | −66% / −100% |
| TEADTeads Holding Co. | 27.0 m | — | -196.2% | -43.3% | +46.1% | −61% / −93% |
| IPDNProfessional Diversity Network, Inc. | 23.7 m | — | -95.7% | -143.9% | −2.7% | −15% / −91% |
1- and 3-year price returns: for NXDR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Nextdoor is a neighborhood social network connecting verified neighbors to local information, safety alerts and hyperlocal advertising for businesses and public agencies. It matters now because after years of losses the company reported revenue growth and a positive adjusted EBITDA result in the second quarter of 2026, while weekly active users returned to growth 123. The detailed figures are in the figure lines above.
SWOT
Strengths
- The platform has a base of verified users with real identities, which builds trust and creates neighborhood data that is hard to replicate.
- The hyperlocal advertising model gives advertisers geographic precision that many large platforms do not offer.
- Cost discipline has moved the company from losses to a positive adjusted EBITDA result in recent reporting.
Weaknesses
- Revenue depends almost entirely on advertising, and advertisers can cut spending quickly.
- The number of weekly active users declined in some periods, linked to changes in notifications and engagement.
- Experience monetizing international markets is limited, and markets outside the United States are less mature.
Opportunities
- Expanding news and alerts in the feed could attract more users and more time spent on the platform.
- AI-built advertising tools could bring new local businesses and grow existing budgets.
- International monetization, if executed carefully, could open a new growth segment.
Threats
- Tracking restrictions imposed by browsers and operating systems can reduce the measurability of campaigns.
- Competition from large social and search platforms can put pressure on advertising prices.
- Regulation of data, user-generated content and moderation can raise compliance costs.
Risks
- Dependence on advertisinghigh
Almost all revenue comes from advertising, and advertisers have no long-term spending commitments, which makes revenue sensitive to quick budget changes 1.
- Decline in active usersmedium
If weekly active users fall again, advertising inventory and prices per ad could be affected 1.
- Tracking and measurement restrictionsmedium
Changes in browsers and operating systems may limit the company's ability to measure ad effectiveness and attract new budgets 1.
- Data and content regulationmedium
Privacy laws and platform liability for user content may impose extra costs or restrictions 1.
- Limited operating history at current scalelow
The company has a limited operating history at its current scale, which makes it hard to assess its ability to sustain long-term growth 1.
Investment thesis
What would need to be true (bull case)
- If revenue and active user growth hold after the second quarter of 2026, the company could show that its local advertising model can grow sustainably 23.
- Cost discipline and a positive adjusted EBITDA result could support margin improvement, especially if the annual outlook is confirmed 3.
- The base of verified neighbors and local data could become a hard-to-copy advantage if new products lift engagement 1.
What would break the thesis
- Dependence on advertising, and advertiser spending that can be cut quickly in weaker economic conditions, could slow revenue growth 1.
- If active users return to decline, monetization may not offset the gap and could pressure results 12.
- Competition from large platforms and tracking restrictions could reduce advertising prices or the ability to prove results 1.
What to watch
- Delivery of the third-quarter 2026 revenue guidance of 76 to 78 million dollarsQ3 2026
- Trend in weekly active users after the second consecutive sequential increaseQ3 2026
- Confirmation of the full-year outlook for low-teens revenue growth and an adjusted EBITDA margin of about 10%next 10-K
- Trend in Platform ARPU and the effect of the new initiative on monetization2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Nextdoor runs a neighborhood network where users sign up with real names and addresses, giving the company a proprietary local data set used for both feed content and advertising 1. The feed combines neighbor posts with local news, real-time alerts and for sale and free listings, and artificial intelligence is used to personalize content 1. Revenue comes almost entirely from advertising, and most of it is generated in the United States 1.
Monetization runs through self-serve advertising via Nextdoor Ads Manager and a dedicated global sales team for larger clients, with formats such as sponsored posts, lead forms and video ads 1. Free Business Pages serve as an entry point for local businesses that may later move to paid campaigns 1. The platform also uses alert partners such as weather and traffic services to increase daily utility 1.
Monetization is measured through Platform ARPU, which is revenue divided by the average number of weekly active users, and this is the main growth lever for the company 12. The stated aim is to grow users and revenue per user at the same time, with a focus on the US market before international expansion 1.
Segments
Platform advertising
Advertising accounts for almost all revenue, and in the second quarter of 2026 revenue rose to 74.6 million dollars, up 15% from a year earlier 2. Clients include small local businesses and global brands, through both the self-serve channel and the sales team 1.
Market context
The target market is local digital advertising, where Nextdoor competes for budgets that follow precise neighborhoods rather than broad demographic audiences 1. The company operates in 11 countries, but most revenue comes from the United States, where the economy and advertising budgets directly affect results 1. Seasonality shows higher advertising spend from the second quarter onward, which helps explain the quarterly profile 1.
The macroeconomic environment is a decisive factor, and tariffs and banking-system uncertainty could reduce advertising spend if they intensify 1. The international advertising market is less mature than the US market, which could make expansion slower and riskier 1.
Trends
- Engagement growth after the new initiativetailwind
The new Nextdoor initiative extends the platform toward a dynamic feed with news and alerts, and in the second quarter of 2026 weekly active users rose to 22.9 million 12. If this growth holds, it could support future monetization.
- Artificial intelligence in personalization and advertisingmixed
AI and ML are used for content personalization and for advertising creation tools, which could improve ad performance 1. However, AI-driven changes in advertising formats could reduce demand for current products if the company does not adapt 1.
- Browser and device tracking restrictionsheadwind
Measures by Apple and Google that limit cookies and advertising identifiers could reduce the company's ability to demonstrate campaign results 1. If these restrictions expand, ad measurement and pricing could be affected.
- Lower operating coststailwind
Cost reductions in 2025 and 2023 lowered total expenses, and in the second quarter of 2026 costs fell from the prior year 12. This discipline could support margins if revenue keeps growing.
Competitive position
Nextdoor competes with social media companies that offer local products to advertisers and users, such as Meta and Alphabet, and also with classifieds, real estate, news, alert and search services 1. Competition for local advertising budgets is intense, and competitors may offer more attractive pricing 1. The company notes that new products may attract additional competitors 1.
Competition also covers attracting and keeping users and highly skilled technical talent, especially software engineers and designers 1. Nextdoor's advantage lies in verified neighborhood data, but that advantage depends on keeping user trust 1.
- Meta PlatformsMETA
Offers local products for advertisers and users through Facebook and Instagram and is named as a most direct competitor.
- AlphabetGOOGL
Competes through Google, including search, news and local advertising products.
- Classifieds and local advertising services
Classifieds, real estate and home services companies compete with parts of the platform.
- Alert and weather services
Providers of traffic and weather alerts compete with the platform's alert component.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- How engineers at Nextdoor use Codex to build without limitsOpenAI Blog · 09 Jun 2026 · EN
- Neighborhood watch programs are fading in the age of Ring and NextdoorAxios · 23 May 2026 · EN
The latest news item in our archive is from 09 Jun 2026; the newest SEC filing is from 01 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report01 Oct 2026Delisting notice · Regulation FD disclosure · Financial statements and exhibits
- Current report25 Sept 2026Departure or appointment of officers
- Quarterly report04 Aug 2026
- Current report04 Aug 2026Results of operations · Financial statements and exhibits
- Current report15 Jun 2026Shareholder vote
- Quarterly report06 May 2026
- Current report06 May 2026Results of operations · Other events · Financial statements and exhibits
- Proxy statement20 Apr 2026
- Annual report18 Feb 2026
- Current report18 Feb 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Nextdoor Holdings, Inc. · 18 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Nextdoor Holdings, Inc. · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Nextdoor Holdings, Inc. · 04 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.