Nextdoor reported a strong third quarter, with revenue and weekly active users both growing 14% year over year and its net loss narrowing to less than $1 million. Adjusted EBITDA exceeded the company’s guidance range, while the company said its outlook for the fourth quarter keeps full-year revenue growth in the low-teens range it had previously projected.
The results point to continued improvement in both audience growth and profitability. Nextdoor also said it has generated $28 million in operating cash flow so far this year and plans to keep investing while returning capital to shareholders through its share buyback.
Key details
- Revenue: $79 million, up 14% from the third quarter of 2025.
- Audience: Platform weekly active users reached 24.5 million, up 14% year over year. This was the third consecutive quarter of sequential growth in the measure.
- Net loss: Less than $1 million, compared with $13 million a year earlier.
- Adjusted EBITDA: $10 million, up from $4 million in the year-ago quarter and above the company’s guidance range. Adjusted EBITDA margin improved 7 percentage points year over year.
- Net loss margin: Improved 18 percentage points year over year.
- Cash and investments: Nextdoor had $382 million in cash, cash equivalents and marketable securities at September 30.
- Cash flow and capital returns: The company reported $28 million in operating cash flow year to date and said it can continue investing in the business while opportunistically buying back shares.
- Outlook: Nextdoor said its fourth-quarter outlook leaves expected full-year revenue growth in the low-teens range provided the previous quarter. No specific fourth-quarter revenue figure was included in the provided release text.
Plain-English implications
Nextdoor is growing its user base and revenue while substantially reducing its quarterly loss. Its cash position and year-to-date operating cash flow support continued investment, alongside the company’s stated plan to return capital through share repurchases.