Nextdoor Narrows Loss to Near Breakeven, Revenue Up 15% — Adjusted EBITDA Turns Positive
NXDR sits 74% above its 52-week low of $1.33.
Summary
Nextdoor reported Q2 2026 revenue of $74.6M (+15% YoY) and a net loss of just $2.1M, down from $15.4M a year ago. Adjusted EBITDA turned positive at $9.5M. The company also disclosed a new $100M buyback and insider trading plans.
Key Events · Earnings and Guidance · NXDR
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Revenue Up 15%, Loss Narrows Sharply
Q2 revenue reached $74.6 million, driven by higher advertiser spending and a 5% increase in Platform WAU to 22.9 million. Net loss improved to $2.1 million from $15.4 million a year ago.
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Adjusted EBITDA Turns Positive
Adjusted EBITDA swung to a $9.5 million profit from a $2.2 million loss in Q2 2025, reflecting cost discipline and operating leverage.
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New $100M Share Buyback Authorized
In April 2026, the board approved a new $100 million repurchase program expiring June 2028. No shares were repurchased in Q2; $100 million remains available.
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Insider Trading Plans Adopted
Chief Revenue Officer Michael Kiernan and Chief Accounting Officer Antoinette How adopted 10b5-1 plans for potential sales of up to 211,559 and 583,189 shares, respectively, starting in August and September 2026.
Analysis · NXDR · Technology
A dramatic improvement in profitability marks Nextdoor's Q2 results: the net loss shrank 86% to just $2.1 million, while Adjusted EBITDA swung to a $9.5 million profit from a $2.2 million loss a year ago. Revenue grew 15% to $74.6 million, fueled by higher advertiser spending and a 5% increase in weekly active users. The company also disclosed a new $100 million buyback program and two officer 10b5-1 plans for potential sales of up to 794,748 shares. With $378 million in cash and no debt, the balance sheet remains strong, but the insider selling plans and ongoing SPAC-related litigation are worth watching.
At the time of this filing, NXDR was trading at $2.31 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.