Nextdoor Holdings, Inc.

nextdoor.com

What Do They Do?

Runs a neighborhood network where residents find local information and services, and sells targeted advertising to businesses and brands.

How Do They Make Money?

Advertisers are billed monthly for ads as impressions are shown; some fixed-fee arrangements run over a contract term, and some customers pay upfront.

FY2025 revenue

Who Are Their Customers?

Businesses and brands advertise through Nextdoor’s self-serve platform or sales team; advertisers with programmatic workflows can also work with select programmatic and data partners. Public agencies use the platform to share local information.

Do Revenues Turn Into Profits?

Not on paper. It lost $54.2M in FY2025, but brought in more cash than it spent: $5.9M of free cash flow.

Operating income, FY2025

−28% of revenue

▼ −41% (Loss) vs FY2024 (−$121.6M, −49%)

Net income, FY2025

−21% of revenue

▼ −45% (Loss) vs FY2024 (−$98.1M, −40%)

Free cash flow, FY2025

2% of revenue

▲ Now profitable vs FY2024 (−$20.6M, −8%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +15%; vs $65.1M in Q2 FY2025
Net income: ▼ −86% (Loss); vs −$15.4M in Q2 FY2025

Aug 4, 2026 Raises full-year outlook The outlook calls for low-teens revenue growth and approximately 10% adjusted EBITDA margin for the year.

Growing. Revenue grew 34% in 4 years, from $192.2M in FY2021 to $257.6M in FY2025, about 8% a year.

Feed expansion The latest report describes a shift from a feed centered primarily on neighbor-generated content to one enriched with timely local news and alerts, with AI helping personalize what neighbors see.

Who Do They Compete With?

Competes with Meta and Alphabet

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