Nextdoor (NXDR) investor relations material

Executive summary

• Achieved record financial performance in Q2 2026, with all-time high platform WAU of 22.9 million (up 5% year-over-year) and strongest quarterly revenue in company history.

• Revenue reached $75 million, a 15% year-over-year increase, exceeding guidance and driven by compounding product improvements, increased advertiser spending, and enhanced community engagement.

• Net loss narrowed to $2.1 million (3% margin), a significant improvement from the prior year, with adjusted EBITDA turning positive at $10 million (13% margin), up $12 million year-over-year.

• Growth attributed to self-serve ad channel expansion, product enhancements, and increased user contributions.

• Focused on building a self-reinforcing ecosystem with features like Faves and Ask, leveraging AI to enhance user experience and content discovery.

Financial highlights

• Platform WAU reached 22.9 million, up 5% year-over-year and sequentially for the second consecutive quarter.

• Q2 revenue was $75 million, up 15% year-over-year, finishing above guidance.

• Self-serve ad channel grew 32% year-over-year, now comprising 67% of total revenue.

• Adjusted EBITDA was $10 million (13% margin), beating guidance and improving $12 million year-over-year.

• Net loss margin improved to (3)% from (24)% year-over-year.

Outlook and guidance

• Q3 2026 revenue guidance: $76–$78 million; adjusted EBITDA: $6.5–$8 million.

• Full-year 2026 outlook raised: low teens revenue growth and ~10% adjusted EBITDA margin expected.

• Platform WAU anticipated to continue sequential growth in the second half of the year.

• Sufficient liquidity expected to meet short- and long-term obligations with $378 million in cash and securities.

• Management expects continued investment in R&D, sales, and marketing to support growth and product development.