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Financial statements

Nextdoor Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Nextdoor Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023FY2024FY2025
Revenue123192213218247258
Cost of revenue21.628.83941.641.941
Gross profit102163174177205217
Research and development69.297.1127150128135
Selling and marketing80.310612312310791
General and administrative28.854.767.776.192.162.4
Operating income-76.7-94.8-144-172-122-71.9
Interest income0.730.189.325.824.418.8
Other non-operating income0.82-0.54-1.34-0.51-0.10.61
Pre-tax income-75.1-95.2-136-147-97.4-52.6
Income tax0.130.161.670.760.711.63
Net income-75.2-95.3-138-148-98.1-54.2
EBITDA-73.6-90.6-139-167-118-70
EPS, basic-0.83-0.65-0.36-0.39-0.25-0.14
EPS, diluted-0.83-0.65-0.36-0.39-0.25-0.14
Shares, basic (weighted)90.2146379379385386
Shares, diluted (weighted)90.2146379379385386

Balance sheet

FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents83.652255.260.245.663.3
Short-term investments53.3194528471381341
Receivables21.829.729.826.231.234.4
Other current assets5.4516.312.29.618.549.08
Total current assets165762625567467448
Property, plant and equipment5.7212.511.88.082.751.64
Lease right-of-use assets37.859.452.65714.411.6
Goodwill1.211.211.211.211.211.21
Intangible assets6.994.843.071.30.26
Other non-current assets0.70.335.658.8917.715.8
Total assets218840700655514487
Accounts payable3.356.164.541.90.252.5
Accrued liabilities1515.422.427.319.220.6
Deferred revenue2.593.396.028.296.88
Total current liabilities32.233.534.735.427.931.9
Lease liabilities36.361.653.860.432.323.4
Other non-current liabilities00.220.270.22
Total liabilities68.495.188.59660.555.5
Paid-in capital87.91,2261,2311,3241,3171,348
Retained earnings-385-480-618-766-864-918
Other comprehensive income-0.8-0.53-2.20.940.921.56
Shareholders' equity-298745611559453431
Total equity-298745611559453431
Total liabilities and equity218840700655514487

Cash flow statement

FY2021FY2021FY2022FY2023FY2024FY2025
Net income-75.2-95.3-138-148-98.1-54.2
Depreciation and amortization3.064.175.665.773.91.94
Stock-based compensation22.647.564.48374.165.3
Deferred income tax00-0.23-0.64-0.060.85
Change in receivables-3.17-8.17-0.173.49-5.15-3.21
Change in payables0.022.76-1.58-2.64-1.652.22
Cash from operations-41.6-51.3-60.5-59.3-20.26.47
Capital expenditures-5.02-8.85-3.16-0.27-0.4-0.58
Purchases of investments-77.6-200-712-591-290-292
Sales and maturities of investments97.656.7367504199193
Cash from investing36.8-150-34266.586.442.6
Stock issued001.432.011.081.33
Share buybacks00-77.20-75.5-18.9
Cash from financing6.37638-64.38.92-81-34
Exchange rate effect-0.80.280.720.040.13-0.05
Net change in cash0.76437-46716.2-14.715
Free cash flow-46.6-60.1-63.7-59.5-20.65.89
Income taxes paid0.030.311.22.4110.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.51 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin84.2%Gross profit / revenue.
Operating margin-16.6%Operating income / revenue.
EBITDA margin-16.1%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-10.5%Pre-tax income / revenue.
Net margin-11.1%Net income / revenue.
FCF margin4.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin4.6%Cash from operations / revenue.
Return on equity (ROE)-7.4%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-6.6%Net income / average total assets.
Return on invested capital (ROIC)-10.4%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue48.1%Research and development expense / revenue.
Stock-based pay / revenue22.1%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.2%Capital expenditures / revenue.
D&A / revenue0.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y4.2%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y6.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y15.9%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y5.5%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y7.6%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y16.3%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-4.9%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-11.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-5.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-11.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y17.5%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y0.7%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y33.8%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio13.3xCurrent assets / current liabilities.
Quick ratio13.0x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio11.8x(Cash + short-term investments) / current liabilities.
Liabilities / assets11.1%Total liabilities / total assets.
Working capital$393.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets0.3%(Goodwill + intangible assets) / total assets.
Tangible book value$409.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.59xRevenue / average total assets.
Fixed asset turnover214xRevenue / average property, plant and equipment.
Receivables turnover7.23xRevenue / average receivables.
Days sales outstanding50 days365 x average receivables / revenue.
Days payables19 days365 x average accounts payable / cost of revenue.
Capex / operating cash flow3.8%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.08Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.72Revenue / diluted weighted shares.
FCF per share$0.03Free cash flow / diluted weighted shares.
Operating cash flow per share$0.03Cash from operations / diluted weighted shares.
Book value per share$1.08Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.07Tangible book value / shares outstanding.
Cash per share$0.99(Cash + short-term investments) / shares outstanding.
Buybacks / FCF269.1%Share buybacks / free cash flow, when free cash flow is positive.

Valuation

MetricValueHow it is calculated
Market cap$971.0MShare price x shares outstanding.
Enterprise value$593.0MMarket cap + total debt - cash - short-term investments.
P/S3.54xMarket cap / revenue.
P/B2.36xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.37xMarket cap / tangible book value, when positive.
P/FCF79.1xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF76.1xMarket cap / cash from operations, when positive.
EV/Sales2.16xEnterprise value / revenue.
EV/FCF48.3xEnterprise value / free cash flow, when both are positive.
FCF yield1.3%Free cash flow / market cap.
Earnings yield-3.1%Net income / market cap (the inverse of P/E).
Shareholder yield3.4%(Dividends paid + share buybacks) / market cap.
What was Nextdoor Holdings, Inc.'s revenue in fiscal 2025?

Nextdoor Holdings, Inc. reported revenue of $257.6M for fiscal 2025, 4.2% higher than the year before.

Was Nextdoor Holdings, Inc. profitable in fiscal 2025?

No. It reported a net loss of $54.2M.

How much free cash flow did Nextdoor Holdings, Inc. generate in fiscal 2025?

Cash from operations of $6.5M minus capital expenditures of $580.0K left free cash flow of $5.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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