Nextdoor Holdings, Inc.: Q2 FY2026 earnings call

What management said about Q2 FY2026, from the documents filed with the SEC on 4 August 2026: press release. Guidance figures: 1 raised, 2 new. The quarter’s numbers.

Key takeaways

Growth reflects broad-based channel wins: The CFO said revenue growth this quarter reflects broad-based wins across channels. Source
Revenue rose 15% to $75 million: Revenue was $74.6 million, up from $65.1 million a year earlier, reported as 15% growth. Source
Platform WAU reached a quarterly high: Platform WAU was 22.9 million, up 5% year-over-year, described as a quarterly all-time high. Source
Adjusted EBITDA positive at 13% margin: Adjusted EBITDA was $9.5 million, a 13% margin, against a $2.2 million loss a year earlier, a 16-point margin gain. Source
Third-quarter ranges given: Third-quarter revenue is expected at $76 million to $78 million, and Adjusted EBITDA at $6.5 million to $8 million. Source
Full-year revenue growth now low teens: Full-year 2026 revenue growth is now expected in the low teens, from approximately 10% previously. Source
Cash balance rose to $378 million: Cash, cash equivalents and marketable securities were $378 million at June 30, 2026, up from $373 million at March 31. Source

“Q2 was a landmark quarter for Nextdoor, with record Platform WAU and the strongest financial performance in our company’s history,”
Nirav Tolia, Nextdoor CEO and Co-Founder

Guidance

Area	Period	Figure	Against last quarter
Revenue Source	Third quarter 2026	$76M to $78M	New
Adjusted EBITDA Source	Third quarter 2026	$6.5M to $8M	New
Adjusted EBITDA margin Source	Full year 2026	Approximately 10%	Raised from High single-digit range

What changed from last quarter

Guidance raised: Full-year 2026 revenue growth guidance moved from approximately 10% to low teens. Source
Guidance raised: Full-year 2026 Adjusted EBITDA margin guidance moved from a high single-digit range to approximately 10%. Source
New guidance: Third-quarter 2026 revenue and Adjusted EBITDA ranges were given for the first time. Source

Results and growth drivers

Growth reflects broad-based channel wins: The CFO said revenue growth this quarter reflects broad-based wins across channels. Source
Revenue rose 15% to $75 million: Revenue was $74.6 million, up from $65.1 million a year earlier, reported as 15% growth. Source
Six-month revenue rose year over year: Six-month revenue was $136.2 million, against $119.3 million in the same period of 2025. Source

Platform users and engagement

Platform WAU reached a quarterly high: Platform WAU was 22.9 million, up 5% year-over-year, described as a quarterly all-time high. Source
Users matched an all-time high in Q1: The Q1 update said 22.3 million Platform WAU matched the all-time high. Q2 reached 22.9 million.
Company cites over 110 million neighbors: The company describes its network as over 110 million verified neighbors. Businesses, news publishers and public agencies also use the platform. Source

“The combination of accelerating engagement, durable revenue growth, and disciplined expense management gives us the confidence to raise our full-year outlook.”
Indrajit Ponnambalam, Nextdoor CFO

Costs, margins and profitability

Adjusted EBITDA positive at 13% margin: Adjusted EBITDA was $9.5 million, a 13% margin, against a $2.2 million loss a year earlier, a 16-point margin gain. Source
Operating loss narrowed sharply: Loss from operations was $5.7 million, against $20.3 million a year earlier. Stock-based compensation was $14.9 million, down from $17.1 million. Source
Net loss narrowed to $2.1 million: Net loss was $2.1 million, against $15.4 million a year earlier. Interest income was $3.8 million, down from $4.8 million. Source
Six-month Adjusted EBITDA turned positive: Six-month Adjusted EBITDA was $9.3 million, against an $11.4 million loss in the prior-year period. Source

Third-quarter and full-year guidance

Third-quarter ranges given: Third-quarter revenue is expected at $76 million to $78 million, and Adjusted EBITDA at $6.5 million to $8 million. Source
Full-year revenue growth now low teens: Full-year 2026 revenue growth is now expected in the low teens, from approximately 10% previously. Source
Full-year margin now near 10%: Full-year Adjusted EBITDA margin is now expected at approximately 10%, versus a high single-digit range previously. Source

Cash and shareholder returns

Cash balance rose to $378 million: Cash, cash equivalents and marketable securities were $378 million at June 30, 2026, up from $373 million at March 31. Source
Q2 repurchase figure not reported: The Q1 update reported 17.0 million shares repurchased at an average $1.69. The Q2 release gives no repurchase figure.
Balance sheet called a key differentiator: The Q1 update described the balance sheet as a key differentiator for the company.

Management commentary and reporting

CEO credited neighbor contributions: The CEO linked the quarter to more contributions, better content, deeper engagement and operating leverage. Source
CFO cited growth and EBITDA outperformance: The CFO cited 15% revenue growth and Adjusted EBITDA outperformance, and said the company was very pleased with both. Source
Investor Update carries detailed figures: Detailed operating and financial results are in the Nextdoor Investor Update posted to the investor relations website. Source

Earlier plans management reported on

Ahead: The Q1 update gave a Q2 Adjusted EBITDA range of $4 million to $6 million. Management said actual Adjusted EBITDA exceeded that range. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

Nextdoor Reports Second Quarter 2026 Results

Delivered Q2 Results Ahead of Guidance

Drove Second Consecutive Quarter of Sequential Platform WAU Growth

Achieved Quarterly All-Time-High Platform WAU and Revenue

Raises Full-Year 2026 Guidance

SAN FRANCISCO, CA, August 4, 2026 - Nextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, today announced results for the second quarter ended June 30, 2026.

Nextdoor's highlighted metrics for the second quarter ended June 30, 2026 include:

Revenue of $75 million increased 15% year-over-year.
Total Platform Weekly Active Users (Platform WAU) of 22.9 million increased 5% year-over-year.
Net loss was $2 million, compared to a net loss of $15 million in the year-ago period.
Adjusted EBITDA was $10 million, compared to a loss of $2 million in the year-ago period, reflecting 16 percentage points of year-over-year margin improvement.
Cash, cash equivalents, and marketable securities were $378 million as of June 30, 2026.

"Q2 was a landmark quarter for Nextdoor, with record Platform WAU and the strongest financial performance in our company’s history,” said Nextdoor CEO and Co-Founder Nirav Tolia. “Nextdoor is at its best when neighbors help neighbors, and this quarter we saw that translate into more contributions, better content, deeper engagement, and meaningful operating leverage."

"We're very pleased to report strong results this quarter, with 15% year over-year-revenue growth and significant outperformance in Adjusted EBITDA," said Nextdoor CFO Indrajit Ponnambalam. "The revenue growth this quarter reflects broad-based wins across channels, while Adjusted EBITDA of $10 million exceeded our guidance range and marked approximately $12 million of year-over-year improvement. The combination of accelerating engagement, durable revenue growth, and disciplined expense management gives us the confidence to raise our full-year outlook.”

For more detailed information on our operating and financial results for the second quarter ended June 30, 2026, please reference our Nextdoor Investor Update posted to our Investor Relations website located at investors.nextdoor.com.

Financial Results

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)		2026		2025		2026		2025
Revenue	$74,554		$65,093		$136,223		$119,269
Loss from operations	$(5,666)		$(20,276)		$(20,996)		$(47,289)
Net loss	$(2,122)		$(15,362)		$(13,539)		$(37,314)
Adjusted EBITDA	$9,540		$(2,247)		$9,342		$(11,405)

The following is a reconciliation of net loss, the most comparable GAAP measure, to Adjusted EBITDA for the periods presented above:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)		2026		2025		2026		2025
Net loss		$(2,122)		$(15,362)		$(13,539)		$(37,314)
Depreciation and amortization		329		514		685		1,058
Stock-based compensation		14,873		17,107		29,635		34,198
Interest income		(3,834)		(4,774)		(7,870)		(9,756)
Provision for income taxes		294		268		431		409
Adjusted EBITDA		$9,540		$(2,247)		$9,342		$(11,405)
Net loss % Margin	(3)%		(24)%		(10)%		(31)%
Adjusted EBITDA % Margin	13%		(3)%		7%		(10)%

2026 Outlook

Third Quarter
Revenue	$76M to $78M
Adjusted EBITDA	$6.5M to $8M
Full Year
Revenue	Low Teens Year-Over-Year Growth
Adjusted EBITDA	Approximately 10% Margin

Nextdoor will host a conference call at 5:30 a.m. PT/8:30 a.m. ET on August 5, 2026 to discuss these results and outlook. A live webcast of our second quarter 2026 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.

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 110 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.

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 Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the Securities and Exchange Commission (“SEC”) on August 4, 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
Colin Bourland ir@nextdoor.com or visit investors.nextdoor.com
Kelsey Grady press@nextdoor.com