$NXDR

Nextdoor Holdings, Inc.

CIK:0001846069|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 74,554	$ 65,093	$ 136,223	$ 119,269
Costs and expenses:
Cost of revenue	11,475	10,643	22,523	20,090
Research and development	32,985	34,622	65,001	68,116
Sales and marketing	21,054	24,334	40,700	46,446
General and administrative	14,706	15,770	28,995	31,906
Total costs and expenses	80,220	85,369	157,219	166,558
Loss from operations	(5,666)	(20,276)	(20,996)	(47,289)
Interest income	3,834	4,774	7,870	9,756
Other income, net	4	408	18	628
Loss before income taxes	(1,828)	(15,094)	(13,108)	(36,905)
Provision for income taxes	294	268	431	409
Net loss	$ (2,122)	$ (15,362)	$ (13,539)	$ (37,314)
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)	$ (0.01)	$ (0.04)	$ (0.04)	$ (0.10)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	$ (0.01)	$ (0.04)	$ (0.04)	$ (0.10)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	381,056	382,709	383,923	383,517
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	381,056	382,709	383,923	383,517

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net loss	$ (13,539)	$ (37,314)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	685	1,058
Stock-based compensation	29,635	34,198
Accretion of investments	(440)	(1,378)
Other	91	(175)
Changes in operating assets and liabilities:
Accounts receivable, net	(3,615)	4,236
Prepaid expenses and other assets	(426)	1,008
Operating lease right-of-use assets	1,536	1,404
Accounts payable	(277)	3,892
Operating lease liabilities	(4,555)	(4,093)
Accrued expenses and other liabilities	505	478
Net cash provided by operating activities	9,600	3,314
Cash flows from investing activities
Purchases of property and equipment	(243)	(337)
Purchases of marketable securities	(122,088)	(155,010)
Sales of marketable securities	69,455	88,484
Maturities of marketable securities	78,438	98,516
Net cash provided by investing activities	25,562	31,653
Cash flows from financing activities
Proceeds from issuance of common stock upon exercise of stock options	1,588	1,759
Proceeds from issuance of common stock under employee stock purchase plan	418	713
Tax withholdings on restricted stock units	(8,470)	(9,175)
Repurchase of common stock	(28,659)	(14,528)
Net cash used in financing activities	(35,123)	(21,231)
Effect of exchange rate changes on cash and cash equivalents	(52)	(28)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(13)	13,708
Cash, cash equivalents, and restricted cash at beginning of period	71,720	56,721
Cash, cash equivalents, and restricted cash at end of period	71,707	70,429
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents	63,551	62,050
Restricted cash, non-current	8,156	8,379
Total cash, cash equivalents, and restricted cash	$ 71,707	$ 70,429

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 63,551	$ 63,341
Marketable securities	314,422	341,429
Accounts receivable, net of allowance of $517 and $491 as of June 30, 2026 and December 31, 2025, respectively	37,974	34,385
Prepaid expenses and other current assets	9,739	9,084
Total current assets	425,686	448,239
Restricted cash, non-current	8,156	8,379
Property and equipment, net	1,282	1,639
Operating lease right-of-use assets	10,039	11,575
Goodwill	1,211	1,211
Other assets	15,490	15,760
Total assets	461,864	486,803
Current liabilities:
Accounts payable	2,266	2,498
Operating lease liabilities, current	8,842	8,900
Accrued expenses and other current liabilities	20,982	20,550
Total current liabilities	32,090	31,948
Operating lease liabilities, non-current	18,854	23,351
Other liabilities, non-current	294	221
Total liabilities	51,238	55,520
Commitments and contingencies (Note 7)
Stockholders’ equity:
Additional paid-in capital	1,342,480	1,347,968
Accumulated other comprehensive income (loss)	(67)	1,563
Accumulated deficit	(931,826)	(918,287)
Total stockholders’ equity	410,626	431,283
Total liabilities and stockholders’ equity	461,864	486,803
Class A Common Stock
Stockholders’ equity:
Common stock	26	26
Class B Common Stock
Stockholders’ equity:
Common stock	$ 13	$ 13