Nextdoor Holdings, Inc.
NNASDAQ:NXDR2.51
USD
-0.12
(-4.56%)
CIK
1846069
ISIN
US65345M1080
CUSIP
65345M108
Return %
Stock
S&P 500
1Y
27.41
14.20
3Y
38.67
81.12
5Y
-75.02
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Nirav N. Tolia
- Full Time Employees
- 463
- Sector
- Technology services
- Industry
- Internet software/Services
- Address
- San Francisco United States
- IPO Date
- Mar 24, 2021
- CIK
- 0001846069
- Website
- nextdoor.com
- Similar Companies
- Business
- Nextdoor Holdings, Inc. operates a hyperlocal social networking platform that connects verified neighborhood residents, local merchants, and public sector agencies. The company operates in the interactive media and services industry, delivering localized digital communication and advertising solutions designed to foster community engagement, local commerce, and civic coordination. Its primary platform connects over 105 million verified members across physical neighborhoods based on residential address verification. The company provides a comprehensive suite of products and services organized for individual consumers, commercial enterprises, and public entities. Its product offerings include the Nextdoor mobile application and web platform, providing curated neighborhood feeds for local news, events, and community updates; Nextdoor Ads, a proprietary digital advertising solution delivering hyperlocal, intent-based targeting for local, regional, and national brands; Nextdoor Ads Manager, a self-service advertising platform allowing small-to-medium businesses and enterprise marketers to create, budget, and optimize campaign performance; Nextdoor Ad Server, a proprietary advertising infrastructure supporting geospatial and contextual ad delivery; Nextdoor Ads API, an application programming interface enabling developers and agency partners to programmatically manage and automate campaign workflows; Sponsored Posts, native advertising formats integrated into member feeds; Local Deals, promotional ad units enabling neighborhood businesses to distribute discounts and special offers directly to nearby consumers; Neighborhood Sponsorships, premium placement options for local service professionals and real estate agents; For Sale & Free, a localized peer-to-peer classifieds marketplace facilitating the buying, selling, and gifting of goods within immediate communities; Nextdoor Assistant, a suite of generative artificial intelligence capabilities powered by OpenAI that assists users with drafting posts, generates automated product descriptions and suggested pricing for marketplace listings, and produces customized advertising copy for commercial clients; Business Pages, specialized commercial profiles that allow local enterprises to showcase operational details, interact with customers, and aggregate community recommendations; and Public Agency Accounts, specialized communication tools that enable municipal governments, emergency services, and law enforcement agencies to disseminate critical public safety alerts and municipal announcements to specific geographic boundaries. Nextdoor Holdings, Inc. targets individual neighborhood residents, home service contractors, local retail merchants, regional franchises, national enterprise advertisers, media agencies, municipal governments, and non-profit organizations. Geographically, the company operates across 11 countries, including the United States, the United Kingdom, Canada, Australia, Germany, France, Italy, Spain, the Netherlands, Denmark, and Sweden, encompassing more than 350,000 physical neighborhoods globally. The company was founded in 2008 and is headquartered in San Francisco, California. It acts as the parent holding entity for Nextdoor, Inc. and its international subsidiaries. In recent corporate and operational developments, Nextdoor Holdings, Inc. has implemented significant strategic realignments and executive changes. In February 2024, the company announced the return of co-founder Nirav Tolia as Chief Executive Officer, President, and Chairperson of the Board, succeeding Sarah Friar to lead a corporate refounding initiative aimed at re-centering the platform around local utility, community recommendations, small business integration, and operational efficiency. This leadership transition followed an enterprise-wide cost-reduction plan initiated in late 2023, which encompassed an approximate 25% reduction in full-time workforce to reduce annual operating expenses by approximately $60 million and accelerate a trajectory toward positive adjusted EBITDA and cash flow break-even. In product development, Nextdoor integrated generative AI technology through a partnership with OpenAI to power the Nextdoor Assistant across consumer posting, marketplace listings, and ad generation. To expand its digital advertising infrastructure, the company launched the Nextdoor Ads API program and entered strategic partnerships with Integral Ad Science to introduce AI-driven third-party brand safety and media quality measurement, and with LiveRamp to facilitate privacy-conscious first-party data distribution and audience targeting. From a capital markets perspective, the company updated its primary ticker symbol from KIND to NXDR in 2025 and subsequently completed a voluntary transfer of its stock exchange listing from the New York Stock Exchange to the Nasdaq Capital Market in October 2026, retaining the ticker symbol NXDR.