Nextdoor (NYSE: NXDR) cuts losses and posts first positive full-year Adjusted EBITDA
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Nextdoor Holdings reported Q4 2025 revenue of $69 million, up 7% year over year, with record quarterly sales driven largely by self-serve advertising. Platform weekly active users were 21.0 million, down 5% year over year after deliberate cuts to notifications and emails.
Q4 GAAP net loss narrowed to $4.0 million from $12.1 million a year earlier, while Adjusted EBITDA rose to $7.6 million from $3.0 million, reflecting margin improvement. For full-year 2025, revenue was $257.6 million, net loss improved to $54.2 million, and Adjusted EBITDA turned positive at $0.6 million, the first positive year in the company’s history.
Nextdoor ended 2025 with $405 million in cash, cash equivalents, and marketable securities. For Q1 2026, it guides revenue to $57–59 million, about 7% year-over-year growth at the midpoint, and projects Adjusted EBITDA between –$6 million and –$4 million as it prioritizes user experience and limits ad load and new user acquisition.
Positive
- First positive full-year Adjusted EBITDA: 2025 Adjusted EBITDA improved to a positive $0.6 million from a loss of $18.2 million in 2024, signaling a meaningful step toward sustainable profitability.
- Significant loss reduction with strong liquidity: Full-year GAAP net loss narrowed to $54.2 million from $98.1 million, while cash, cash equivalents, and marketable securities totaled $405 million at December 31, 2025.
Negative
- User base contracted: Q4 2025 Platform Weekly Active Users were 21.0 million, a 5% year-over-year decline as notification and email levels were reduced.
- Near-term return to Adjusted EBITDA loss: Q1 2026 outlook calls for Adjusted EBITDA between –$6 million and –$4 million and margins of –11% to –7% as the company prioritizes user experience over near-term profitability.
Insights
Nextdoor hits first positive full-year Adjusted EBITDA while user growth softens.
Nextdoor is showing clear financial progress. Q4 2025 revenue reached
Profitability gains come from both revenue growth and tighter operating expenses. Q4 Adjusted EBITDA climbed to
On the other hand, Platform weekly active users were 21.0 million, down
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 18, 2026
(Exact Name of Registrant as Specified in its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
94102
(Zip Code)
(415 ) 344-0333
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ((§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On February 18, 2026, Nextdoor Holdings, Inc. (the “Company”) issued an investor update and press release (together, the “Investor Update and Press Release”) announcing its financial results for the fourth quarter and full year ended December 31, 2025. The Company also announced that it would be holding a conference call on February 18, 2026 to discuss its financial results. Copies of the Investor Update and Press Release are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K.
This information included in this Item 2.02 of this Current Report on Form 8-K and the exhibits hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it been deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number | Description | ||||
| 99.1 | Q4 2025 Investor Update. | ||||
| 99.2 | Press Release issued by Nextdoor Holdings, Inc., dated February 18, 2026. | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEXTDOOR HOLDINGS, INC. | ||||||||
Date: February 18, 2026 | By: | /s/ Indrajit Ponnambalam | ||||||
| Indrajit Ponnambalam | ||||||||
| Chief Financial Officer and Treasurer | ||||||||
Nextdoor Investor Update Q4 2025 Exhibit 99.1
Nirav Tolia CEO
**Certain statements in this Investor Update may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “project,” “target,” “plan,” or “potentially” or the negatives of these terms or variations of them or similar terminology. These statements include, but are not limited to, statements regarding our future performance and our market opportunity, including expected financial results for the first quarter of 2026 and full-year 2026, trends and expectations regarding our business and operating results, including the implementation and potential impact of our new Nextdoor initiative, our expectations on Platform WAU growth, our business strategy and plans, and our objectives and future operations. Forward-looking statements are based upon various estimates and assumptions, as well as information known to us as of the date of this Investor Update, and are subject to risks and uncertainties. Accordingly, actual results could differ materially due to a variety of factors, including: our ability to scale our business and monetization efforts; our ability to expand business operations abroad; our limited operating history; risks associated with managing our growth; our ability to achieve and maintain profitability in the future; the effects of the highly competitive market in which we operate; the impact of macroeconomic conditions on our business, including the impact of significant political, trade and regulatory developments; our ability to attract new and retain existing customers and users, or renew and expand our relationships with them; our ability to anticipate and satisfy customer preferences; market acceptance of our platform; our ability to successfully develop and timely introduce new products and services; risks associated with the use of AI and ML-driven features in our platform; our ability to achieve our objectives of strategic and operational initiatives; cybersecurity risks to our various systems and software; the impact of privacy and data security laws and other applicable laws and regulations; and other general market, political, economic, and business conditions. Additional risks and uncertainties that could affect our financial results and business are more fully described in our Annual Report on Form 10-K for the period ended December 31, 2025, filed on February 18, 2026, and our other SEC filings, which are available on the Investor Relations page of our website at investors.nextdoor.com and on the SEC’s website at www.sec.gov. All forward-looking statements contained herein are based on information available to us as of the date hereof and you should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements.We undertake no obligation to update any of these forward-looking statements for any reason after the date of this Investor Update or to conform these statements to actual results or revised expectations, except as required by law. Undue reliance should not be placed on the forward-looking statements in this Investor Update. This Investor Update includes certain non-GAAP financial measures (including on a forward-looking basis). These non-GAAP measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to their nearest GAAP equivalent or any other performance measures derived in accordance with GAAP. A reconciliation of the non-GAAP financial measures used in this Investor Update to their nearest GAAP equivalent is included in the Appendix to this Investor Update. Nextdoor believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about Nextdoor. Nextdoor’s management uses forward-looking non-GAAP measures to evaluate Nextdoor’s projected financials and operating performance. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents, including that they exclude significant expenses that are required by GAAP to be recorded in Nextdoor’s financial measures. In addition, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore, Nextdoor’s non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Additionally, to the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. Disclaimer
Nirav Tolia CEO
Q4’25 Performance Update Users 21.0M Platform WAU (5%) y/y Continued to moderate notification and email levels in Q4, which led to (3%) sequential decline, roughly in-line with our expectations. Revenue $69M +7% y/y Self-serve +32% y/y on strong advertiser demand as our investments drove real performance improvements. Profitability $4M Net Loss; (6%) margin, +13 ppt y/y $8M Adj. EBITDA; 11% margin, +6 ppt y/y Positive Q4 and full-year 2025 Adjusted EBITDA driven by revenue scale and continued operating leverage. Metrics as of and for the year ended 12/31/2025. Some figures may not tie due to rounding. A reconciliation of non-GAAP metrics used in this Investor Update to their most comparable GAAP measures is provided in the Appendix at the end of this Investor Update.
Indrajit Ponnambalam CFO
Platform Weekly Active Users (WAU) Some figures may not tie due to rounding. Platform WAU reflects users who open our application or log on to our website at least once during a defined 7-day period. Platform WAU is our primary user metric. It includes users who engage directly on the Nextdoor app or website. The 3% sequential decline in Q4 was in-line with our expectations, reflecting our focus on engagement quality via lower notification and email volumes. We expect Platform WAU will take time to turn around and may continue to fluctuate in the near-term.
Revenue Some figures may not tie due to rounding. Strongest Q4 revenue in company history. Q4 revenue was $69M, +7% year-over-year, reflecting strong self-serve advertiser demand and better yields. Self-serve channel revenue grew 32% year-over-year in Q4 and was again nearly 60% of total revenue. ARPU improved by 13% year-over-year in Q4 even amidst reduced ad load.
Self-Serve Some figures may not tie due to rounding. Our product investments have driven durable self-serve momentum. Investments in self-serve make campaign creation/management easier for all customers. Automated click and conversion optimization make it easier for buyers using our self-serve platform to achieve stronger performance outcomes. Self-serve usage unlocks operating leverage, as well as productivity improvements for advertisers.
Net Income (Loss) Some figures may not tie due to rounding. Operating leverage improved year-over-year. Net loss and margin were ($4M) and (6%), respectively. Net margin improved by 13 ppt year-over-year. Margin improvement was driven by stronger revenue and lower year-over-year GAAP operating expenses.
Adjusted EBITDA Some figures may not tie due to rounding. A reconciliation of non-GAAP metrics used in this presentation to their most comparable GAAP measures is provided in the Appendix at the end of this presentation. Margin gains reflect ongoing discipline and better execution. Adjusted EBITDA was $8M, representing an 11% margin. Adjusted EBITDA margin improved by 6 ppt year-over-year and 36 ppts since Q4 2023. Revenue growth and operating expense efficiency were the main drivers of our year-over-year improvement.
Productivity and Capital Allocation 1. Annualized revenue / FTE = Quarterly revenue x 4 / average # of full-time employees in quarter. Some figures may not tie due to rounding. Annualized Revenue / FTE ($K)1 Productivity remains a key priority. Revenue / FTE improved 26% in Q4, and 76% over the last two years. Repurchased 2.5M shares at an average price of $1.77 in Q4 2025. Strong balance sheet a key differentiator: $405M in cash, cash equivalents, and marketable securities at Year-End 2025.
Financial Outlook Some figures may not tie due to rounding. Outlook as of 2/18/2026. Q1’26 Outlook y/y change (midpoint of range) Additional details Revenue $57M - $59M +7% y/y Q1 guidance reflects normal revenue seasonality. We expect full-year 2026 revenue will continue to grow. Adj. EBITDA ($6M) - ($4M) NM Q1 2026 focus on user experience: limiting new user acquisition efforts and do not plan to increase ad load. Adj. EBITDA Margin (11%) - (7%) +8 ppt y/y We expect full-year 2026 Adj. EBITDA margin in the mid-single digit range.
Nirav Tolia CEO
Investment Thesis The Neighborhood Graph A unique verified, address-based graph built on identity, location, and trust. Intent-Driven Engagement High-intent usage driven by real-world decisions and action. Multiple Monetization Pathways Multiple monetization tools to match high-intent engagement with businesses. Validated Business Model Improving ROI and operating leverage demonstrate disciplined execution. Founder’s Mentality Long-term focus, disciplined capital allocation, and commitment to network health.
investors.nextdoor.com Questions
Appendix
18 Condensed Consolidated Balance Sheets in thousands, except per share data Some figures may not tie due to rounding.
19 Condensed Consolidated Statements of Operations in thousands, except per share data Some figures may not tie due to rounding.
20 Condensed Consolidated Statements of Cash Flows in thousands Some figures may not tie due to rounding.
We have not reconciled our adjusted EBITDA and adjusted EBITDA margin outlook to GAAP net loss or GAAP net loss margin because certain items that impact GAAP net loss and GAAP net loss margin are uncertain or out of our control and cannot be reasonably predicted. In particular, stock-based compensation expense is impacted by the future fair market value of our common stock and other factors, all of which are difficult to predict, subject to frequent change, or not within our control. The actual amount of these expenses during 2026 will have a significant impact on our future GAAP financial results. Accordingly, a reconciliation of adjusted EBITDA outlook to net loss and adjusted EBITDA margin to GAAP net loss margin is not available without unreasonable efforts. To supplement our condensed consolidated financial statements, which are prepared in accordance with GAAP, we present non-GAAP adjusted EBITDA and adjusted EBITDA margin in this Investor Update. Our use of non-GAAP financial measures has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP. We use these non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. These measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance. We exclude the following items from one or more of our non-GAAP financial measures: stock-based compensation expense (non-cash expense calculated by companies using a variety of valuation methodologies and subjective assumptions), depreciation and amortization (non-cash expense), interest income, provision for income taxes, and, if applicable, restructuring charges and acquisition-related costs. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) stock-based compensation expense has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy, (2) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and our non-GAAP measures do not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements, and (3) adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; (b) interest expense (if any), or the cash requirements necessary to service interest or principal payments on debt (if any), which reduces cash available to us; or (c) tax payments that may represent a reduction in cash available to us. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. A reconciliation of these non-GAAP measures has been provided on the following page. 21 Non-GAAP Financial Measures
22 Adjusted EBITDA Reconciliation in thousands Some figures may not tie due to rounding.
23 investors.nextdoor.com · ir@nextdoor.com
Exhibit 99.2
Nextdoor Reports Fourth Quarter and Full Year 2025 Results
•Q4 revenue of $69 million, +7% year-over-year
•Q4 Platform WAU of 21.0 million, decreased 5% year-over-year
•Q4 GAAP net loss of $4 million; Adjusted EBITDA of $8 million
•Full-year 2025 GAAP net loss of $54 million
•Full-year 2025 Adjusted EBITDA of $1 million; first time positive in company history
SAN FRANCISCO, CA, February 18, 2026 — Nextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, today announced results for the fourth quarter and full year ended December 31, 2025.
Nextdoor's highlighted metrics for the fourth quarter ended December 31, 2025 include:
•Revenue of $69 million increased 7% year-over-year.
•Total Platform Weekly Active Users (Platform WAU) of 21.0 million decreased 5% year-over-year.
•Net loss was $4 million, compared to $12 million in the year-ago period.
•Adjusted EBITDA was $8 million, compared to $3 million in the year-ago period, reflecting 6 percentage points of year-over-year margin improvement.
Nextdoor's highlighted metrics for the year ended December 31, 2025 include:
•Revenue of $258 million increased 4% year-over-year.
•Net loss was $54 million, compared to $98 million in the year-ago period.
•Adjusted EBITDA was positive $1 million, compared to a loss of $18 million in the year-ago period.
•Cash, cash equivalents, and marketable securities were $405 million as of December 31, 2025.
“Our Q4 results reflect steady progress and consistent execution across the business,” said Nextdoor CEO Nirav Tolia. “We delivered record quarterly revenue and achieved positive full-year Adjusted EBITDA a year ahead of schedule. We remain focused on improving the core experience for neighbors on Nextdoor.”
"Nextdoor’s neighborhood graph has always been a differentiated asset. Now, we are working to unlock its full potential by aligning our content with the real-world decisions neighbors make every day," said Tolia. "Our value isn't in passive scrolling, but in high-intent moments. By using AI to surface the right local information at the right time, we’re driving the deeper engagement necessary to create durable, long-term value."
"I'm excited to report my first quarter as CFO with strong financial performance across the board," said Nextdoor CFO Indrajit Ponnambalam. "We grew revenue 7% year-over-year in Q4, reduced our net loss by more than half compared to the prior year, and expanded our Adjusted EBITDA margin by 6 percentage points. These results culminated in our first full year of positive
Exhibit 99.2
Adjusted EBITDA, a milestone that reflects the discipline of our entire team. With $405 million in cash and marketable securities, we have a strong foundation for continued investment and growth."
For more detailed information on our operating and financial results for the fourth quarter and full year ended December 31, 2025, as well as our outlook for the first quarter and fiscal year 2026, please reference our Nextdoor Investor Update posted to our Investor Relations website located at investors.nextdoor.com.
| Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||
| Revenue | $ | 69,479 | $ | 65,228 | $ | 257,646 | $ | 247,276 | |||||||||||||||
| Loss from operations | $ | (7,424) | $ | (17,097) | $ | (71,942) | $ | (121,639) | |||||||||||||||
| Net loss | $ | (4,033) | $ | (12,123) | $ | (54,204) | $ | (98,063) | |||||||||||||||
Adjusted EBITDA(1) | $ | 7,621 | $ | 3,043 | $ | 601 | $ | (18,207) | |||||||||||||||
(1) The following is a reconciliation of net loss, the most comparable GAAP measure, to Adjusted EBITDA for the periods presented above:
| Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||
| Net loss | $ | (4,033) | $ | (12,123) | $ | (54,204) | $ | (98,063) | |||||||||||||||
| Depreciation and amortization | 402 | 591 | 1,935 | 3,898 | |||||||||||||||||||
| Stock-based compensation | 14,545 | 19,874 | 65,343 | 74,055 | |||||||||||||||||||
| Interest income | (4,378) | (5,322) | (18,758) | (24,381) | |||||||||||||||||||
| Provision for income taxes | 1,085 | 23 | 1,625 | 706 | |||||||||||||||||||
| Restructuring charges | — | — | 4,660 | 25,578 | |||||||||||||||||||
| Adjusted EBITDA | $ | 7,621 | $ | 3,043 | $ | 601 | $ | (18,207) | |||||||||||||||
Nextdoor will host a conference call at 2:00 p.m. PT/5:00 p.m. ET today to discuss these results and outlook. A live webcast of our fourth quarter and full year 2025 earnings release call will be available in the Events & Presentations section of Nextdoor’s Investor Relations website located at investors.nextdoor.com. After the live event, the audio recording for the webcast can be accessed on the same website for approximately one year.
Nextdoor uses its Investor Relations website (investors.nextdoor.com), its X handle (x.com/Nextdoor), its LinkedIn Home Page (linkedin.com/company/nextdoor-com), and Nirav Tolia’s LinkedIn posts (https://www.linkedin.com/in/niravtolia/) and X posts (https://x.com/niravtolia) as a means of disseminating or providing notification of, among other things, news or announcements regarding its business or financial performance, investor events, press releases, and earnings releases, and as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.
Exhibit 99.2
Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements, which are prepared in accordance with GAAP, we present certain non-GAAP financial measures, such as Adjusted EBITDA, in this press release. Our use of non-GAAP financial measures has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP.
We use non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. Non-GAAP financial measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, Adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance. We exclude the following items from one or more of our non-GAAP financial measures: stock-based compensation expense (non-cash expense calculated by companies using a variety of valuation methodologies and subjective assumptions), depreciation and amortization (non-cash expense), interest income, provision for income taxes, and, if applicable, restructuring charges or acquisition-related costs.
Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) stock-based compensation expense has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy, (2) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and our non-GAAP measures do not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements, and (3) Adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; (b) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (c) tax payments that may represent a reduction in cash available to us. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures.
About Nextdoor
Nextdoor (NYSE: NXDR) is the essential neighborhood network for over 105 million verified neighbors, offering trusted local news, real-time safety alerts, neighbor recommendations, for sale and free listings, and events. Nextdoor connects neighbors to the people, places, and information that matter most in their local communities. In addition, businesses, news publishers, and public agencies use Nextdoor to share important information and engage with neighborhoods at scale. Download the app or join the neighborhood at nextdoor.com. For more information and media assets, visit nextdoor.com/newsroom.
Exhibit 99.2
Safe Harbor Statement
This press release contains forward-looking statements regarding our future business expectations, including statements regarding projected financial results. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, as more fully detailed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on February 18, 2026, and our other SEC filings, which are available on the Investor Relations page of our website at investors.nextdoor.com and on the SEC’s website at www.sec.gov. All forward-looking statements contained herein are based on information available to us as of the date hereof and you should not rely upon forward-looking statements as predictions of future events. We undertake no obligation to update any of these forward-looking statements for any reason after the date of this press release or to conform these statements to actual results or revised expectations, except as required by law. Undue reliance should not be placed on the forward-looking statements in this press release.
Contacts
Investor Relations:
ir@nextdoor.com
or visit investors.nextdoor.com
Media Relations:
Kelsey Grady
press@nextdoor.com
FAQ
How did Nextdoor (NXDR) perform financially in Q4 2025?
Nextdoor delivered Q4 2025 revenue of $69 million, up 7% year over year. GAAP net loss improved to $4.0 million, while Adjusted EBITDA increased to $7.6 million, reflecting better operating efficiency and higher-margin self-serve advertising.
What were Nextdoor’s full-year 2025 results?
For 2025, Nextdoor generated $257.6 million in revenue, up 4% year over year. GAAP net loss narrowed to $54.2 million, and Adjusted EBITDA turned positive at $0.6 million, the first positive full-year Adjusted EBITDA in the company’s history.
How are Nextdoor’s user metrics trending for Q4 2025?
Nextdoor reported 21.0 million Platform Weekly Active Users in Q4 2025, a 5% year-over-year decline. Management linked this drop to intentionally lower notification and email volumes as it focuses on improving engagement quality over raw user counts.
What guidance did Nextdoor (NXDR) provide for Q1 2026?
For Q1 2026, Nextdoor expects revenue of $57–59 million, about 7% year-over-year growth at the midpoint. It forecasts Adjusted EBITDA between –$6 million and –$4 million, reflecting a strategic focus on user experience and limited ad load increases.
What is Nextdoor’s profitability and cash position after 2025?
Nextdoor ended 2025 with its first positive full-year Adjusted EBITDA of $0.6 million. The company held $405 million in cash, cash equivalents, and marketable securities as of December 31, 2025, supporting continued investment in growth and operations.
How did Nextdoor’s Q4 2025 Adjusted EBITDA compare to the prior year?
Q4 2025 Adjusted EBITDA was $7.6 million, up from $3.0 million a year earlier. This improvement reflects stronger revenue, better yields, and lower year-over-year operating expenses, resulting in a 6-percentage-point enhancement in Adjusted EBITDA margin.
Filing Exhibits & Attachments
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Nextdoor Holdings Inc
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Feb 18, 2026
[144] Nextdoor Holdings, Inc. SEC Filing
Feb 18, 2026
[10-K] Nextdoor Holdings, Inc. Files Annual Report
NXDR Stock Data
682.27M
235.88M
Internet Content & Information
Services-computer Programming, Data Processing, Etc.
United States
SAN FRANCISCO