Nextdoor Holdings, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Nirav N. Tolia
- Full Time Employees
- 546
- Sector
- Communication Services
- Industry
- Internet Content & Information
- Address
- 420 Taylor Street San Francisco CA United States of America 94102
- IPO Date
- Nov 8, 2021
- CIK
- 0001846069
- Website
- nextdoor.com
- Similar Companies
- Business
- Nextdoor Holdings, Inc. operates a hyperlocal social networking service that connects neighbors, businesses, and public agencies primarily in the United States, with expanding international presence across eleven countries. Founded in 2008 and headquartered in San Francisco, California, Nextdoor provides a platform that facilitates local news dissemination; real-time safety alerts including traffic updates and emergency notifications in partnership with trusted sources and local public agencies; community discussions; marketplace services for buying, selling, or giving away goods; and support for local businesses through advertising solutions. The company’s core products include its neighborhood network platform accessible via web and mobile apps, local event notifications, neighbor recommendations, and a suite of advertising services tailored to regional businesses and public entities. In terms of recent developments, Nextdoor launched a significant overhaul of its user experience in 2025, branded as the NEXT transition, aiming to enhance user engagement and platform functionality. The company announced AI-driven ad performance optimization and new video ad formats to bolster its advertising business. Financially, Nextdoor reported record quarterly revenues of $69 million in Q3 2025, marking a 5% year-over-year increase, despite a slight decline in platform weekly active users. Nextdoor also maintained a strong cash position with $418 million in cash, equivalents, and marketable securities as of Q1 2025. The company has focused on operational discipline with plans to achieve full-year adjusted EBITDA breakeven in fiscal 2026. Additionally, Nextdoor reduced its workforce by 25% in late 2023 as part of strategic cost management while continuing to invest in product innovation and market expansion. Nextdoor targets a broad customer base including individual neighbors, local businesses, publishers, and public agencies who utilize the platform for local engagement, commerce, advertising, and public communication. The company operates essentially as a neighborhood communication network fostering trusted local connections, commerce, and safety in communities. Its international expansion and product enhancements reflect a strategic shift towards deeper monetization and user engagement in its core and adjacent markets. Nextdoor's operational scope includes digital social networking, hyperlocal advertising, digital marketplaces, and public safety communication services.
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