0001846069-26-000023
SEC filingNextdoor Holdings, Inc. reported revenue of $257.6 million for fiscal year 2025, ending December 31, 2025. The company incurred a net loss of $54.2 million, which was an improvement from the prior year's net loss of $57.8 million. Operating loss was $71.9 million, while interest income contributed $18.8 million. The company generated positive operating cash flow of $6.5 million, primarily driven by $65.3 million in stock-based compensation expense. Total assets stood at $486.8 million, with strong liquidity from $63.3 million in cash and cash equivalents plus $341.4 million in marketable securities. Stockholders' equity was $431.3 million, supported by $1.35 billion in additional paid-in capital, offset by an accumulated deficit of $918.3 million. The company's financial position remains solid with low debt levels and substantial cash reserves to fund operations.
Nextdoor Holdings, Inc. reported fiscal year 2025 results with revenue of $257.6 million and a net loss of $54.2 million. The company's operating loss was $71.9 million, which included significant expenses in research and development ($135.2 million), sales and marketing ($91.0 million), and general and administrative ($62.4 million). Cost of revenue was $41.0 million. Interest income of $18.8 million and other income of $605,000 partially offset the operating loss. The provision for income taxes was $1.6 million. Compared to the prior year, the company reduced its net loss from $57.8 million to $54.2 million, representing improvement in profitability. Basic and diluted net loss per share were both -$0, with weighted average shares of 386.3 million.
The company reported total revenue of $257.6 million for fiscal year 2025. No segment breakdown or geographic mix was provided in the available data. The revenue figure represents the company's total sales from its neighborhood platform operations. The document does not disclose specific growth drivers, customer concentration, or product/service breakdown. Revenue recognition policies and contract details are not included in the provided excerpts. The company's primary business model appears to be advertising-based, though this is not explicitly stated in the provided financial data.
Gross profit was $216.6 million, calculated as revenue ($257.6 million) minus cost of revenue ($41.0 million), resulting in a gross margin of 84.1%. Operating margin was -27.9%, reflecting the significant operating loss relative to revenue. The company's cost structure shows research and development as the largest expense category at $135.2 million (52.5% of revenue), followed by sales and marketing at $91.0 million (35.3% of revenue), and general and administrative at $62.4 million (24.2% of revenue). Total costs and expenses were $329.6 million, exceeding revenue by $71.9 million. The company continues to invest heavily in product development and user acquisition despite operating losses.
The company generated positive operating cash flow of $6.5 million, primarily due to $65.3 million in stock-based compensation expense and $1.9 million in depreciation and amortization, which offset the net loss of $54.2 million. Investing activities provided $42.6 million in cash, mainly from net activity in marketable securities. Financing activities used $34.0 million in cash, primarily for tax withholdings on restricted stock units ($19.1 million) and stock repurchases ($18.9 million). Free cash flow, calculated as operating cash flow ($6.5 million) minus purchases of property and equipment ($0.58 million), was $5.9 million. The balance sheet shows total assets of $486.8 million, including $63.3 million in cash, $341.4 million in marketable securities, and $34.4 million in accounts receivable. Total liabilities were $55.5 million, with no significant debt disclosed. Stockholders' equity was $431.3 million.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors. The filing excerpt focuses solely on historical financial results without forward-looking statements. The company's strong liquidity position with $63.3 million in cash and $341.4 million in marketable securities provides runway for continued operations. The accumulated deficit of $918.3 million indicates significant historical losses that the company will need to address through revenue growth and expense management. No information about future initiatives, market expansion plans, or regulatory challenges is included in the provided excerpts.