Nextdoor Reports Third Quarter 2026 Results
Nextdoor Holdings, Inc. (NXDR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 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, 2
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The 30-second read
Why it matters
The earnings release delivers new financial metrics and guidance, offering traders fresh data to act on.
Market read
The earnings beat and guidance could drive short‑term price movement in NXDR.
What to watch
Cash balance of $382M provides runway for further investments or buybacks.
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
Revenue and Platform WAU each increased 14% year-over-year, net loss narrowed to less than $1 million, and Adjusted EBITDA reached $10 million, above the company’s guidance range according to the CFO. Fourth-quarter and full-year guidance calls for continued revenue growth and positive Adjusted EBITDA.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Revenue, three months ended September 30, 2026GAAP | $78.77M | – | 14% |
| Revenue, nine months ended September 30, 2026GAAP | $215.0M | – | – |
| Loss from operations, three months ended September 30, 2026GAAP | −$4.20M | – | – |
| Loss from operations, nine months ended September 30, 2026GAAP | −$25.20M | – | – |
| Net loss, three months ended September 30, 2026GAAP | −$659K | – | – |
| Net loss, nine months ended September 30, 2026GAAP | −$14.20M | – | – |
| Net loss margin, three months ended September 30, 2026GAAP | (1) % | – | 18 points |
| Net loss margin, nine months ended September 30, 2026GAAP | (7) % | – | – |
| Adjusted EBITDA, three months ended September 30, 2026non-GAAP | $10.30M | – | – |
| Adjusted EBITDA, nine months ended September 30, 2026non-GAAP | $19.64M | – | – |
| Adjusted EBITDA margin, three months ended September 30, 2026non-GAAP | 13 % | – | 7 percentage points |
| Adjusted EBITDA margin, nine months ended September 30, 2026non-GAAP | 9 % | – | – |
| Depreciation and amortization, three months ended September 30, 2026GAAP | 338K | – | – |
| Depreciation and amortization, nine months ended September 30, 2026GAAP | 1.02M | – | – |
| Stock-based compensation, three months ended September 30, 2026GAAP | 14.35M | – | – |
| Stock-based compensation, nine months ended September 30, 2026GAAP | 43.98M | – | – |
| Interest income, three months ended September 30, 2026GAAP | −3.83M | – | – |
| Interest income, nine months ended September 30, 2026GAAP | −11.70M | – | – |
| Provision for income taxes, three months ended September 30, 2026GAAP | 107K | – | – |
| Provision for income taxes, nine months ended September 30, 2026GAAP | 538K | – | – |
| Restructuring charges, three months ended September 30, 2026GAAP | — | – | – |
| Restructuring charges, nine months ended September 30, 2026GAAP | — | – | – |
| Platform Weekly Active Users (Platform WAU), third quarter 2026other | 24.5M | – | 14% |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Fourth Quarter and Full Year 2026 outlook
- RevenueFourth Quarter Revenue $78M to $80M; Full Year Revenue $293M to $295M
- NoteFourth Quarter Adjusted EBITDA $10M to $11M
- NoteFull Year Adjusted EBITDA $30M to $31M
Capital returns
- The CFO said the company can opportunistically return capital to shareholders through its buyback.
What drove it
- Platform WAU grew for the third straight quarter to 24.5 million.
- Revenue increased 14% year-over-year.
- The CEO attributed progress to hundreds of improvements that compound on one another.
- The CFO said Adjusted EBITDA was above the company’s guidance range.
Concerns
- The company reported a net loss of $ (659) (in thousands) for the third quarter and $ (14,198) (in thousands) for the nine months ended September 30, 2026.
- Loss from operations was $ (4,199) (in thousands) in the third quarter and $ (25,195) (in thousands) in the nine-month period.
- Stock-based compensation was 14,348 (in thousands) in the third quarter and 43,983 (in thousands) in the nine-month period.
- The company did not reconcile Adjusted EBITDA outlook to GAAP net loss, citing uncertainty around items including stock-based compensation expense.
What to watch
- Fourth-quarter revenue guidance of $78M to $80M.
- Fourth-quarter Adjusted EBITDA guidance of $10M to $11M.
- Full-year revenue guidance of $293M to $295M.
- Full-year Adjusted EBITDA guidance of $30M to $31M.
- Whether Platform WAU continues its sequential growth streak.
Balance sheet and cash flow
- Cash, cash equivalents, and marketable securities were $382 million as of September 30, 2026.
- Operating cash flow was $28 million so far this year.
Analysis
Nextdoor reported third-quarter revenue of $ 78,771 (in thousands), up 14% year-over-year, alongside Platform WAU of 24.5 million, also up 14% year-over-year. Management said Platform WAU increased for the third consecutive quarter sequentially, positioning user activity as a central indicator of the company’s transformation.
Profitability improved materially from the prior-year period. Net loss narrowed to $ (659) (in thousands) from $ (12,857) (in thousands), while loss from operations narrowed to $ (4,199) (in thousands) from $ (17,229) (in thousands). Net loss margin was (1) %, compared with (19) %, and Adjusted EBITDA margin was 13 %, compared with 6 %.
Adjusted EBITDA was $ 10,303 (in thousands), compared with $ 4,385 (in thousands) a year earlier. The CFO said this result was above the company’s guidance range. The reconciliation identifies stock-based compensation of 14,348 (in thousands) during the quarter as a significant item excluded from Adjusted EBITDA, while the company continues to report GAAP operating and net losses.
For the first nine months, revenue was $ 214,994 (in thousands), net loss was $ (14,198) (in thousands), and Adjusted EBITDA was $ 19,645 (in thousands). The CFO cited $28 million of operating cash flow so far this year. Cash, cash equivalents, and marketable securities totaled $382 million as of September 30, 2026, and management said it can continue investing while opportunistically returning capital through its buyback.
Fourth-quarter guidance calls for revenue of $78M to $80M and Adjusted EBITDA of $10M to $11M. Full-year guidance calls for revenue of $293M to $295M and Adjusted EBITDA of $30M to $31M. The CFO said the fourth-quarter outlook puts full-year revenue growth in line with the low-teens range provided last quarter, but the prior outlook figures were not included in the supplied documents.
Management, verbatim
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
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
Not in the filing
stated, not guessed- GAAP and non-GAAP earnings per share were not reported.
- Gross margin was not reported.
- Operating expenses were not reported.
- No revenue segments or segment-level operating metrics were reported.
- Free cash flow was not reported.
- Debt was not reported.
- Capital expenditures were not reported.
- Repurchase amount, shares repurchased, remaining authorization, and dividends were not reported.
- Prior-quarter values were not reported for the listed financial metrics.
- A previous-release outlook with specific prior guidance figures was not provided, so reported results cannot be compared with prior guidance.
- A GAAP net-loss reconciliation for Adjusted EBITDA outlook was not provided.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure is checked against the filing text, and a metric the filing does not print, or whose value, prior period and change do not add up, is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Nextdoor filed a Form 8‑K reporting its third‑quarter 2026 financial results and outlook.
Ticker impact
Nextdoor reported Q3 2026 results with revenue up 14% YoY, net loss narrowed to <$1M and provided guidance for Q4 and full year.
likely modest upside as the company narrowed loss and issued guidance above prior outlook
The fresh earnings release shows improved profitability and a positive outlook, which can attract buying pressure.
Market effects
Positive signal for the online local advertising sector as a peer shows improving margins.
Limited to U.S. tech and social media stocks.
Minimal global impact beyond niche advertisers.
Counterpoint
If the market has already priced in the turnaround, the stock may face limited upside.
Key entities
- companyNextdoor Holdings, Inc.
Online neighborhood network reporting Q3 2026 results.
