Nextdoor Holdings, Inc.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 5 November 2026: press release. Guidance figures: 2 new, 1 kept. The quarter’s numbers.

Key takeaways

Revenue rose 14% to $79 million: Third-quarter revenue was $78.8 million against $68.9 million a year earlier. Nine-month revenue was $215.0 million against $188.2 million. Source
Net loss narrowed to under $1 million: Net loss was $0.7 million, compared with $12.9 million a year earlier. Net loss margin was (1)% against (19)%. Source
Platform WAU reached 24.5 million: Platform WAU rose 14% year over year to 24.5 million. Source
Adjusted EBITDA margin rose to 13%: Adjusted EBITDA was $10.3 million, against $4.4 million, a 13% margin versus 6%. Nine-month Adjusted EBITDA was $19.6 million, a 9% margin, against a $7.0 million loss. Source
Cash and securities reached $382 million: Cash, cash equivalents, and marketable securities totaled $382 million at September 30, up from $378 million at June 30. Source
Operating cash flow and buyback: Management reported $28 million of operating cash flow so far this year. It said the company keeps investing while returning capital through a buyback. No repurchase amount was stated. Source
Third-quarter results above August ranges: Third-quarter revenue of $78.8 million was above the $76 million to $78 million range given in August. Adjusted EBITDA of $10.3 million was above the $6.5 million to $8 million range.
Transformation described as underway: The CEO described the quarter as evidence that the company's transformation is well underway. Source

“Q3 was another record quarter for Nextdoor, and the strongest proof yet that our transformation is well underway,”
Nirav Tolia, Nextdoor CEO and Co-Founder

Guidance

Area	Period	Figure	Against last quarter
Revenue Source	Fourth quarter 2026	$78M to $80M	New
Adjusted EBITDA Source	Fourth quarter 2026	$10M to $11M	New
Revenue Source	Full year 2026	$293M to $295M	Kept
Adjusted EBITDA Source	Full year 2026	$30M to $31M

What changed from last quarter

New guidance: Fourth-quarter revenue and Adjusted EBITDA ranges appear for the first time. The August release gave only a third-quarter range. Source
New: The release adds a statement that Adjusted EBITDA guidance is not reconciled to GAAP net loss. The August release did not include it. Source

Revenue and profit results

Revenue rose 14% to $79 million: Third-quarter revenue was $78.8 million against $68.9 million a year earlier. Nine-month revenue was $215.0 million against $188.2 million. Source
Net loss narrowed to under $1 million: Net loss was $0.7 million, compared with $12.9 million a year earlier. Net loss margin was (1)% against (19)%. Source
Nine-month operating loss narrowed: Nine-month loss from operations was $25.2 million against $64.5 million. Nine-month net loss was $14.2 million against $50.2 million. Source

Platform users and engagement

Platform WAU reached 24.5 million: Platform WAU rose 14% year over year to 24.5 million. Source
Second-quarter base was 22.9 million: Platform WAU was 22.9 million in the second quarter, up 5% year over year. The company reported it as the second consecutive quarter of sequential growth.
Growth credited to compounding improvements: Management attributed user growth to hundreds of improvements that compound on one another, and to a team that kept building. Source

“Platform WAU grew for the third straight quarter to 24.5 million, revenue grew 14%, and our net loss narrowed to less than $1 million from $13 million a year ago.”
Nirav Tolia, Nextdoor CEO and Co-Founder

Products and customers

Product set spans local news and alerts: The network offers local news, real-time safety alerts, neighbor recommendations, free and for-sale listings, and events. Source
Businesses and agencies use the platform: Businesses, news publishers, and public agencies use the platform to share information and reach neighborhoods at scale. Source

Margins and cost base

Adjusted EBITDA margin rose to 13%: Adjusted EBITDA was $10.3 million, against $4.4 million, a 13% margin versus 6%. Nine-month Adjusted EBITDA was $19.6 million, a 9% margin, against a $7.0 million loss. Source
Stock-based compensation declined: Stock-based compensation was $14.3 million, against $16.6 million a year earlier. Nine-month expense was $44.0 million against $50.8 million. Source
No restructuring charges this quarter: The year-ago quarter included $4.7 million of restructuring charges. The third quarter of 2026 recorded none. Source

“Q3 was a strong quarter of steady progress, with Adjusted EBITDA above our guidance range and Adjusted EBITDA margin up 7 points from a year ago,”
Indrajit Ponnambalam, Nextdoor CFO

Cash and capital returns

Cash and securities reached $382 million: Cash, cash equivalents, and marketable securities totaled $382 million at September 30, up from $378 million at June 30. Source
Operating cash flow and buyback: Management reported $28 million of operating cash flow so far this year. It said the company keeps investing while returning capital through a buyback. No repurchase amount was stated. Source

Guidance against August ranges

Third-quarter results above August ranges: Third-quarter revenue of $78.8 million was above the $76 million to $78 million range given in August. Adjusted EBITDA of $10.3 million was above the $6.5 million to $8 million range.
Full-year EBITDA given in dollars: The August release gave full-year Adjusted EBITDA as approximately a 10% margin. This release gives $30 million to $31 million. Source
Fourth-quarter range newly added: The August release gave no fourth-quarter range. This release adds revenue of $78 million to $80 million and Adjusted EBITDA of $10 million to $11 million. Source

Strategy and transformation

Transformation described as underway: The CEO described the quarter as evidence that the company's transformation is well underway. Source
Verified real people framed as scarce: The CEO said that as more of the internet becomes synthetic, real people verified to a real place become scarce. Source

Coming up, as management said on 5 November 2026

Fourth-quarter targets set: Management set fourth-quarter revenue of $78 million to $80 million and Adjusted EBITDA of $10 million to $11 million as the next period's targets. Source
Momentum carried into fourth quarter: The CEO said the company is carrying the momentum from the third quarter into the fourth quarter and beyond. Source
Buyback to continue alongside investment: The CFO said the company will keep investing in the business while opportunistically returning capital through its buyback. Source

Figures management reported

Figure	Reported
Platform Weekly Active Users Source	24.5 million, up 14% year-over-year
Verified neighbors Source	over 110 million

Risks management discussed

Financial: Management said stock-based compensation expense moves with the future fair market value of the common stock and other factors not within its control. Source
Financial: Management noted the non-GAAP measure omits working capital needs, interest and tax payments, which reduces cash available to the company. Source

Earlier plans management reported on

Ahead: Management said third-quarter Adjusted EBITDA was above the guidance range given in August. Source
On track: Management said full-year revenue growth is in line with the low-teens range given last quarter. 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 Third Quarter 2026 Results

Delivered Q3 Results Ahead of Guidance

Drove Third Consecutive Quarter of Sequential Platform WAU Growth

Improved Net Loss Margin 18 Points and Adjusted EBITDA Margin 7 Points Year Over Year

SAN FRANCISCO, CA, November 5, 2026 - Nextdoor Holdings, Inc. (Nasdaq: NXDR), the essential neighborhood network, today announced results for the third quarter ended September 30, 2026.

Nextdoor's highlighted metrics for the third quarter ended September 30, 2026 include:

Revenue of $79 million increased 14% year-over-year.
Platform Weekly Active Users (Platform WAU) of 24.5 million increased 14% year-over-year.
Net loss was less than $1 million, compared to a net loss of $13 million in the year-ago period.
Adjusted EBITDA was $10 million, compared to $4 million in the year-ago period, reflecting 7 percentage points of year-over-year margin improvement.
Cash, cash equivalents, and marketable securities were $382 million as of September 30, 2026.

"Q3 was another record quarter for Nextdoor, and the strongest proof yet that our transformation is well underway,” said Nextdoor CEO and Co-Founder Nirav Tolia. “Platform WAU grew for the third straight quarter to 24.5 million, revenue grew 14%, and our net loss narrowed to less than $1 million from $13 million a year ago. This progress comes from hundreds of improvements that compound on one another, and from a team that kept building long before the numbers confirmed it. In a world where more of the internet is becoming synthetic, what becomes scarce is real people, verified to a real place, helping one another. We’re carrying this momentum into the fourth quarter and beyond."

"Q3 was a strong quarter of steady progress, with Adjusted EBITDA above our guidance range and Adjusted EBITDA margin up 7 points from a year ago,” said Nextdoor CFO Indrajit Ponnambalam. “Our fourth quarter outlook puts full-year revenue growth in line with the low-teens range we provided last quarter. And with $28 million of operating cash flow so far this year, we’re able to keep investing in the business while opportunistically returning capital to shareholders through our buyback.”

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

Financial Results

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)		2026		2025		2026		2025
Revenue	$78,771		$68,898		$214,994		$188,167
Loss from operations	$(4,199)		$(17,229)		$(25,195)		$(64,518)
Net loss	$(659)		$(12,857)		$(14,198)		$(50,171)
Adjusted EBITDA	$10,303		$4,385		$19,645		$(7,020)

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

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)		2026		2025		2026		2025
Net loss		$(659)		$(12,857)		$(14,198)		$(50,171)
Depreciation and amortization		338		475		1,023		1,533
Stock-based compensation		14,348		16,600		43,983		50,798
Interest income		(3,831)		(4,624)		(11,701)		(14,380)
Provision for income taxes		107		131		538		540
Restructuring charges		-		4,660		-		4,660
Adjusted EBITDA		$10,303		$4,385		$19,645		$(7,020)
Net loss % Margin	(1)%		(19)%		(7)%		(27)%
Adjusted EBITDA % Margin	13%		6%		9%		(4)%

2026 Outlook

Fourth Quarter
Revenue	$78M to $80M
Adjusted EBITDA	$10M to $11M
Full Year
Revenue	$293M to $295M
Adjusted EBITDA	$30M to $31M

Nextdoor will host a conference call at 5:30 a.m. PT/8:30 a.m. ET on November 5, 2026 to discuss these results and outlook. A live webcast of our third quarter 2026 earnings 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 (linkedin.com/in/niravtolia/) and X posts (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

We have not reconciled our Adjusted EBITDA outlook to GAAP net loss because certain items that impact GAAP net loss 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 is not available without unreasonable efforts.

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 and Adjusted EBITDA margin, 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 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.

About Nextdoor

Nextdoor (Nasdaq: 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

Forward-looking statements notice

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 September 30, 2026, expected to be filed with the Securities and Exchange Commission (“SEC”) on November 5, 2026, and our other SEC filings, which are or will be 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