Nextdoor Delivers Record Revenue and WAU, Swings to Positive Adjusted EBITDA, and Raises Full-Year Outlook
NXDR sits 77% above its 52-week low of $1.33.
Summary
Nextdoor posted record Q2 2026 results, beating guidance on both revenue and profitability, and raised its full-year outlook. For the first time, the company achieved positive Adjusted EBITDA, fueled by accelerating user growth and disciplined cost management.
Key Events · Earnings and Guidance · NXDR
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Record Revenue and User Growth
Revenue reached $74.6 million in Q2, a 15% year-over-year increase, while Platform Weekly Active Users climbed 5% to an all-time high of 22.9 million.
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Profitability Inflection
Adjusted EBITDA swung to a positive $9.5 million from a loss of $2.2 million a year ago, and the net loss narrowed sharply to $2.1 million from $15.4 million.
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Raised Full-Year Guidance
Management now projects full-year revenue growth in the low teens and an Adjusted EBITDA margin of approximately 10%, an upgrade from prior expectations.
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Strong Balance Sheet
As of June 30, 2026, cash, cash equivalents, and marketable securities totaled $378 million, providing ample runway for continued investment.
Analysis · NXDR · Technology
The quarter marked a clear inflection point toward profitability, as revenue climbed 15% to $74.6 million and Adjusted EBITDA swung to a positive $9.5 million from a loss a year ago. Weekly active users hit an all-time high of 22.9 million, underscoring the platform's engagement momentum. Reflecting this strength, management raised its full-year guidance and now expects low-teens revenue growth with an Adjusted EBITDA margin of approximately 10%.
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At the time of this filing, NXDR was trading at $2.35 on NYSE in the Technology sector, with a market capitalization of approximately $881M. The 52-week trading range was $1.33 to $3.72. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.