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- Q1 Revenue of $62 million, +14% year-over-year<\/i><\/li>\n
- Q1 Platform WAU of <\/i>22.3 million, +1% year-over-year, +6% quarter-over-quarter<\/i><\/li>\n
- Q1 GAAP net loss of $11 million; Adjusted EBITDA loss of $0.2 million<\/i><\/li>\n
- Share repurchase program authorized for up to $100 million through June 2028<\/i><\/li>\n<\/ul>\n
SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nNextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, today announced results for the first quarter ended March 31, 2026.<\/p>\n\nNextdoor’s highlighted metrics for the first quarter ended March 31, 2026 include:<\/p>\n
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- \nRevenue of $62 million increased 14% year-over-year.<\/p>\n<\/li>\n
- \nTotal Platform Weekly Active Users (Platform WAU) of 22.3 million increased 1% year-over-year.<\/p>\n<\/li>\n
- \nNet loss was $11 million, compared to $22 million in the year-ago period.<\/p>\n<\/li>\n
- \nAdjusted EBITDA loss was $0.2 million, compared to a loss of $9 million in the year-ago period, reflecting 17 percentage points of year-over-year margin improvement.<\/p>\n<\/li>\n
- \nCash, cash equivalents, and marketable securities were $373 million as of March 31, 2026.<\/p>\n<\/li>\n<\/ul>\n
\n“As AI scales and synthetic content floods the internet, verified human connection becomes the scarce resource. Fifteen years of building a trusted local graph consisting of over 110 million real neighbors is not something that can be replicated or replaced,” said Nextdoor CEO and Co-Founder Nirav Tolia. \u201cWe believe that the platforms that win will not be the ones with the most compute \u2014 they will be the ones with the strongest human signal. We believe that we are uniquely positioned to deliver that signal at scale.”<\/p>\n
\n“Q1 was a standout quarter, with Platform WAU at an all-time high, 14% year-over-year revenue growth, and significant improvements on our path to profitability,” said Nextdoor CFO Indrajit Ponnambalam. “Revenue of $62 million represented a significant acceleration in year-over-year growth from Q4 2025 levels, while Adjusted EBITDA improved $9 million year-over-year to nearly breakeven in our seasonally softest quarter. Accelerating revenue growth alongside meaningful profitability improvement gives us increased confidence that our business model is working.\u201d<\/p>\n
\nIn addition, Nextdoor’s Board of Directors authorized a share repurchase program of up to $100 million of Nextdoor\u2019s common stock through June 2028, reflecting the Board’s confidence in Nextdoor’s long-term value.<\/p>\n
\nFor more detailed information on our operating and financial results for the first quarter ended March 31, 2026, as well as our outlook for the second quarter and fiscal year 2026, please reference our Nextdoor Investor Update posted to our Investor Relations website located at investors.nextdoor.com<\/a>.<\/p>\n
- Q1 Platform WAU of <\/i>22.3 million, +1% year-over-year, +6% quarter-over-quarter<\/i><\/li>\n
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