# EDGAR Filing Document

**Accession Number:** 0001846069
**File Stem:** 0001846069-25-000101
**Filing Date:** 2025-8
**Character Count:** 41590
**Document Hash:** d2b39d9b57312c6e7ed9753124634d7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001846069-25-000101.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001846069-25-000101

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 44

**CONFORMED PERIOD OF REPORT**: 20250807

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Cost Associated with Exit or Disposal Activities

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nextdoor Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001846069
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 861776836
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40246
- **FILM NUMBER:** 251194510

**BUSINESS ADDRESS:**
- **STREET 1:** 420 TAYLOR STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94012
- **BUSINESS PHONE:** 415-344-0333

**MAIL ADDRESS:**
- **STREET 1:** 420 TAYLOR STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94012

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Khosla Ventures Acquisition Co. II
- **DATE OF NAME CHANGE:** 20210212

?xml version='1.0' encoding='ASCII'? kind-20250807

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**the Securities Exchange Act of 1934**

**Date of Report (Date of Earliest Event Reported): August 7, 2025** 

**Nextdoor Holdings, Inc.** 

**(Exact Name of Registrant as Specified in its Charter)** 

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40246** | **86-1776836** |
| **(State or Other Jurisdiction <br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer <br>Identification No.)** |

---

**420 Taylor Street**

**San Francisco, California**

**(Address of principal executive offices)**

**94102** 

**(Zip Code)**

**(415) 344-0333**

**(Registrant's telephone number, including area code)**

**N/A**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **<u>Title of each class</u>**  | **<u>Trading Symbol</u>**  | **<u>Name of each exchange on which registered</u>** |
| **Class A common stock, par value $0.0001 per share** | **NXDR** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ((§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.**

On August 7, 2025, Nextdoor Holdings, Inc. (the "Company") issued an investor update and press release (together, the "Investor Update and Press Release") announcing its financial results for the second quarter ended June 30, 2025. The Company also announced that it would be holding a conference call on August 7, 2025 to discuss its financial results. Copies of the Investor Update and Press Release are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K.

This information included in this Item 2.02 of this Current Report on Form 8-K and the exhibits hereto are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it been deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 2.05 Costs Associated with Exit or Disposal Activities.**

On August 7, 2025, the Company announced a cost reduction plan to accelerate the Company's focus and efficiency (the "Cost Reduction Plan").

The Company currently estimates that it will incur one-time charges of approximately $5 million in connection with the Cost Reduction Plan, consisting primarily of cash expenditures for notice period and severance payments, employee benefits, and related costs. In addition, the Company expects to incur approximately $1 million in stock-based compensation expense relating to the acceleration of the vesting of equity awards in connection with the Cost Reduction Plan.

The Company expects that the majority of the charges will be incurred in the third quarter of 2025 and that the execution of the Cost Reduction Plan will be substantially complete by the end of the third quarter of 2025. The Company intends to exclude the charges associated with the Cost Reduction Plan from its non-GAAP financial measures.

Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process further in certain countries. The charges that the Company expects to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ from the estimates disclosed above. The Company may also incur charges and expenditures not currently contemplated due to unanticipated events that may occur in connection with the Cost Reduction Plan.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

On August 4, 2025, Matt Anderson resigned from his position as the Chief Financial Officer and Treasurer of the Company, effective September 1, 2025 (the "Effective Date"). Mr. Anderson's resignation is not the result of any disagreement regarding the Company's operations, policies or practices. The Company is initiating a comprehensive search for a new Chief Financial Officer in partnership with an external search firm. In order to facilitate a smooth transition of his responsibilities and to assist the Company during its search for a new Chief Financial Officer, Mr. Anderson will remain with the Company as an advisor until the earlier of the Company's employment of a new Chief Financial Officer or December 31, 2025.

Effective as of the Effective Date, Mr. Nirav Tolia will serve as the interim principal financial officer of the Company and Ms. Antoinette How, the Company's current Corporate Controller, will be appointed Chief Accounting Officer and serve as the principal accounting officer of the Company. There is no arrangement or understanding between either of Mr. Tolia or Ms. How and any other persons pursuant to which each of Mr. Tolia and Ms. How was selected as an officer of the Company. Neither Mr. Tolia nor Ms. How is a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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Ms. How, 49, has served as our Chief Accounting Officer since August 2025. Prior to that, Ms. How served as our Corporate Controller since January 2019. Prior to joining the Company, she was Vice President of Finance at Udemy, Inc., a global online learning platform, from March 2018 to December 2018, and previously held a number of roles of increasing responsibility, most recently Vice President of Finance, at OpenTable Inc., an online restaurant reservation service company, from 2008 to 2017. Ms. How earned a B.S. in Accounting from Fordham University. For information with respect to Mr. Tolia's background and qualifications, see the section titled "Proposal No. 1: Election of Directors" in our Definitive Proxy Statement filed with the Securities and Exchange Commission ("SEC") on April 21, 2025.

The Company plans to enter into its standard form of indemnification agreement with Ms. How. The form of the indemnification agreement was previously filed by the Company as Exhibit 10.6 to the Company's Current Report on Form 8-K filed with the SEC on November 12, 2021 and is incorporated by reference herein.

In connection with the foregoing, the Company intends to enter into an advisor agreement (the "Advisor Agreement") with Mr. Anderson. As consideration for entering into the Advisor Agreement, the Company will extend the time period following the Effective Date during which Mr. Anderson may exercise any outstanding, vested shares underlying his outstanding option grants to the earlier of (a) June 30, 2026 or (b) immediately prior to the close of an Acquisition (as defined in the Company's 2018 Equity Incentive Plan) or a Corporate Transaction (as defined in the Company's 2021 Equity Incentive Plan). The foregoing description of the Advisor Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Advisor Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2025.

**Item 9.01 Financial Statements and Exhibits**

(d) *Exhibits*

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | <u>[Q2 2025 Investor Update.](exhibit991-q22025nextdoo.htm)</u> |
| 99.2 | <u>[Press Release issued by Nextdoor Holdings, Inc., dated August 7, 2025.](exhibit992-pressreleasexq2.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **NEXTDOOR HOLDINGS, INC.** | **NEXTDOOR HOLDINGS, INC.** |
| Date: August 7, 2025 | By: | /s/ Matt Anderson |
|  |  | Matt Anderson |
|  |  | Chief Financial Officer |

---

## Exhibit 99.1

![](exhibit991-q22025nextdoo001.jpg)

Nextdoor Investor Update Q2 2025© 2025 Nextdoor. All rights reserved. Exhibit 99.1

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![](exhibit991-q22025nextdoo002.jpg)

John T. Williams 2 Head of Investor Relations

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![](exhibit991-q22025nextdoo003.jpg)

Certain statements in this Investor Update may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "project," "target," "plan," or "potentially" or the negatives of these terms or variations of them or similar terminology. These statements include, but are not limited to, statements regarding our future performance and our market opportunity, including expected financial results for the third quarter of 2025, the second half of 2025, and 2026, trends and expectations regarding our business and operating results, including the implementation and potential impact of our new Nextdoor initiative, our expectations on Verified Neighbor growth, our business strategy and plans, and our objectives and future operations, including our expansion into new markets. Forward-looking statements are based upon various estimates and assumptions, as well as information known to us as of the date of this Investor Update, and are subject to risks and uncertainties. Accordingly, actual results could differ materially due to a variety of factors, including: our ability to scale our business and monetization efforts; our ability to expand business operations abroad; our limited operating history; risks associated with managing our growth; our ability to achieve and maintain profitability in the future; the effects of the highly competitive market in which we operate; the impact of macroeconomic conditions on our business, including the impact of significant political, trade and regulatory developments; our ability to attract new and retain existing customers and users, or renew and expand our relationships with them; our ability to anticipate and satisfy customer preferences; market acceptance of our platform; our ability to successfully develop and timely introduce new products and services; risks associated with the use of AI and ML-driven features in our platform; our ability to achieve our objectives of strategic and operational initiatives; cybersecurity risks to our various systems and software; the impact of privacy and data security laws and other applicable laws and regulations; and other general market, political, economic, and business conditions. Additional risks and uncertainties that could affect our financial results and business are more fully described in our Quarterly Report on Form 10-Q for the period ended June 30, 2025, filed on August 7, 2025, and our other SEC filings, which are available on the Investor Relations page of our website at investors.nextdoor.com and on the SEC's website at www.sec.gov. All forward-looking statements contained herein are based on information available to us as of the date hereof and you should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements.We undertake no obligation to update any of these forward-looking statements for any reason after the date of this Investor Update or to conform these statements to actual results or revised expectations, except as required by law. Undue reliance should not be placed on the forward-looking statements in this Investor Update. This Investor Update includes certain non-GAAP financial measures (including on a forward-looking basis). These non-GAAP measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to their nearest GAAP equivalent or any other performance measures derived in accordance with GAAP. A reconciliation of the non-GAAP financial measures used in this Investor Update to their nearest GAAP equivalent is included in the Appendix to this Investor Update. Nextdoor believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about Nextdoor. Nextdoor's management uses forward-looking non-GAAP measures to evaluate Nextdoor's projected financials and operating performance. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents, including that they exclude significant expenses that are required by GAAP to be recorded in Nextdoor's financial measures. In addition, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore, Nextdoor's non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Additionally, to the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. 3 Disclaimer

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![](exhibit991-q22025nextdoo004.jpg)

Nirav Tolia 4 CEO

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![](exhibit991-q22025nextdoo005.jpg)

5 Our Transformation has begun Business Our focus on productivity has improved revenue yields and cash flow. Culture We remain deeply committed to the power and potential of local communities, putting neighbors at the center of everything we do. Product We launched News, Alerts, and AI Faves, and are now scaling the new Nextdoor experience across our full user base.

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![](exhibit991-q22025nextdoo006.jpg)

The launch of the new Nextdoor was a refounding moment 6

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![](exhibit991-q22025nextdoo007.jpg)

7 News

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![](exhibit991-q22025nextdoo008.jpg)

8 Alerts

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![](exhibit991-q22025nextdoo009.jpg)

9 Faves

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![](exhibit991-q22025nextdoo010.jpg)

10 A transformed value proposition Legacy Nextdoor The New Nextdoor Timely but reactive Real-time and proactive Serendipitous Structured + predictable Neighbor-created content Neighbors + authoritative sources Feed-based UI Structure and improved search Separate conservations AI-generated summaries

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![](exhibit991-q22025nextdoo011.jpg)

How our product strategy comes to life Past Present Future Information Utility-focused, lower content relevance News content increases feed relevance Broad 1P and 3P Content Alerts Basic alerts, limited structure Real-time, high-value Alerts focused on critical events Dynamic, personalized Alerts tied to user interests and commercial signals Recommendations Functional but not commerce-ready AI-powered Faves surface relevant content AI-driven Faves evolve, additional utility for users and businesses 11

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![](exhibit991-q22025nextdoo012.jpg)

12 Tracking key signals from a stronger ecosystem Indicator Why does it matter? Initial focus areas Content quality and quantity More relevant feed drives usage, impacts NPS, signals ecosystem vibrancy Improve distribution (news ~5% of content) Increase repeat visits Platform WAU Validates platform value and utility Retain active users Drive growth in new audience segments

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![](exhibit991-q22025nextdoo013.jpg)

13 Q2 Performance Update Users +1% y/y 22M Platform WAU Users grew modestly y/y ahead of our product launch Revenue +3% y/y $65M Self-serve grew 27% y/y, was 58% of Q2 revenue; large advertiser spend improved quarter-over-quarter Profitability1 Net Margin +4 ppt y/y Adj. EBITDA margin +6 ppt y/y Sustained efficiency efforts drove productivity gains and margin improvement Metrics as of 6/30/2025. Some figures may not tie due to rounding. A reconciliation of non-GAAP metrics used in this Investor Update to their most comparable GAAP measures is provided in the Appendix at the end of this Investor Update.. 1 Net margin and operating expenses for prior year period exclude $26M in restructuring charges

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![](exhibit991-q22025nextdoo014.jpg)

Product Redoubles commitment to exceptional, local community-focused product. 14 Culture Resets cost structure to support a more focused and efficient workforce. Business Accelerates path to Adjusted EBITDA breakeven in Q4 2025 and full-year 2026. Restructuring plan accelerates our focus and efficiency A reconciliation of non-GAAP metrics used in this presentation to their most comparable GAAP measures is provided in the Appendix at the end of this presentation.

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![](exhibit991-q22025nextdoo015.jpg)

Nirav Tolia 15 CEO

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![](exhibit991-q22025nextdoo016.jpg)

Matt Anderson 16 CFO

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![](exhibit991-q22025nextdoo017.jpg)

17 Self-serve growth reflects better advertiser outcomes Some figures may not tie due to rounding. Our product investments have driven durable self-serve momentum. Investments in self-serve make campaign creation/management easier for small/mid-sized customers. Automated click optimization makes it easier for self-serve buyers to achieve stronger performance outcomes. Self-serve mix shift unlocks operating leverage, productivity improvements. Self-serve revenue ($M) and y/y growth

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![](exhibit991-q22025nextdoo018.jpg)

18 Platform WAU Some figures may not tie due to rounding. Platform WAU reflects users who open our application, log on to our website at least once during a defined 7-day period. Platform WAU is our primary user metric. It includes users who engage directly on the Nextdoor app or website. Platform WAU reflected steady user acquisition and experimentation ahead of our new Nextdoor launch. Ahead of that launch, we temporarily scaled back user acquisition initiatives. (M)

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![](exhibit991-q22025nextdoo019.jpg)

19 Revenue Some figures may not tie due to rounding. ($M) Self-serve growth continues to stand out. Q2 revenue was $65M, +3% year-over-year as advertiser performance improvements offset ad supply reductions tied to product transition. Self-serve revenue grew 27% year-over-year in Q2 and represented nearly 60% of total revenue. Large advertiser improved quarter-over-quarter, and we have made significant progress towards unlocking programmatic budgets later this year.

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![](exhibit991-q22025nextdoo020.jpg)

20 Net Income (Loss) Some figures may not tie due to rounding. Net loss includes restructuring costs of $26M in Q2'24. ($M) Operating leverage improved year-over-year. Net loss and margin were ($15M) and (24%), respectively. Net margin improved by 44 ppt year-over-year. Margin improvement was driven by a 24% year-over-year decline in GAAP operating expenses.

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![](exhibit991-q22025nextdoo021.jpg)

21 Adjusted EBITDA Some figures may not tie due to rounding. A reconciliation of non-GAAP metrics used in this presentation to their most comparable GAAP measures is provided in the Appendix at the end of this presentation. ($M) Margin gains reflect improved efficiency, spending discipline, and stronger execution. Adjusted EBITDA was ($2M), representing a (3%) margin. Adjusted EBITDA margin improved by 6 percentage points year-over-year, and we generated positive Operating Cash Flow for the third consecutive quarter. Sales and marketing efficiency drove the majority of our year-over-year improvement.

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![](exhibit991-q22025nextdoo022.jpg)

22 Productivity and Capital Allocation Some figures may not tie due to rounding. Annualized Revenue/FTE ($000) Productivity has improved, and product investment remains our focus. Revenue/FTE has improved 58% over the last two years. Resource allocation toward product further contributed to a nearly 30 percentage point improvement in adjusted EBITDA margin over the last two years. Strong balance sheet provides flexibility: $413M in cash, cash equivalents, and marketable securities at Q2-end. We repurchased 3.7M shares in Q2.

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![](exhibit991-q22025nextdoo023.jpg)

Additional details: Changes related to the new Nextdoor, including the updated UX and continued experimentation will limit ad impression growth in Q3. We expect large advertiser spending will continue to be down year-over-year, offsetting continued growth in other channels. We expect to achieve quarterly adjusted EBITDA breakeven in Q4 2025 and full-year adjusted EBITDA breakeven in fiscal year 2026. 23 Financial Outlook Some figures may not tie due to rounding. Outlook as of 8/7/2025. Q3'25 outlook y/y change Revenue $66M 0% y/y Adj. EBITDA ($5M) (6%) y/y Adj. EBITDA Margin (8%) (6) ppt y/y

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![](exhibit991-q22025nextdoo024.jpg)

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![](exhibit991-q22025nextdoo025.jpg)

Appendix 25

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![](exhibit991-q22025nextdoo026.jpg)

26 Condensed Consolidated Balance Sheets in thousands, except per share data (unaudited) Some figures may not tie due to rounding.

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![](exhibit991-q22025nextdoo027.jpg)

27 Condensed Consolidated Statements of Operations in thousands, except per share data (unaudited) Some figures may not tie due to rounding.

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![](exhibit991-q22025nextdoo028.jpg)

28 Condensed Consolidated Statements of Cash Flows in thousands (unaudited) Some figures may not tie due to rounding.

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![](exhibit991-q22025nextdoo029.jpg)

We have not reconciled our adjusted EBITDA and adjusted EBITDA margin outlook to GAAP net loss or GAAP net loss margin because certain items that impact GAAP net loss and GAAP net loss margin are uncertain or out of our control and cannot be reasonably predicted. In particular, stock-based compensation expense is impacted by the future fair market value of our common stock and other factors, all of which are difficult to predict, subject to frequent change, or not within our control. The actual amount of these expenses during 2025 will have a significant impact on our future GAAP financial results. Accordingly, a reconciliation of adjusted EBITDA outlook to net loss and adjusted EBITDA margin to GAAP net loss margin is not available without unreasonable efforts. To supplement our condensed consolidated financial statements, which are prepared in accordance with GAAP, we present non-GAAP adjusted EBITDA and adjusted EBITDA margin in this Investor Update. Our use of non-GAAP financial measures has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP. We use these non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. These measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance. We exclude the following items from one or more of our non-GAAP financial measures: stock-based compensation expense (non-cash expense calculated by companies using a variety of valuation methodologies and subjective assumptions), depreciation and amortization (non-cash expense), interest income, provision for income taxes, and, if applicable, restructuring charges and acquisition-related costs. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) stock-based compensation expense has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy, (2) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and our non-GAAP measures do not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements, and (3) adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; (b) interest expense (if any), or the cash requirements necessary to service interest or principal payments on debt (if any), which reduces cash available to us; or (c) tax payments that may represent a reduction in cash available to us. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. A reconciliation of these non-GAAP measures has been provided on the following page. 29 Non-GAAP Financial Measures

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![](exhibit991-q22025nextdoo030.jpg)

30 Adjusted EBITDA Reconciliation in thousands (unaudited) Some figures may not tie due to rounding.

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## Exhibit 99.2

**Exhibit 99.2**

**Nextdoor Reports Second Quarter 2025 Results**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Revenue of $65 million, +3% year-over-year; Platform WAU of 21.8 million, +1% year-over-year*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *GAAP net loss of $15 million; Adjusted EBITDA loss of $2 million, representing year-over-year margin improvement of 6 percentage points; Operating Cash Flow of $3 million*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Announces restructuring plan, including a reduction in workforce, to drive focus and efficiency, reducing annualized operating expenses by approximately $30 million*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Expects quarterly adjusted EBITDA breakeven in Q4 2025 and full-year adjusted EBITDA breakeven in FY 2026*

SAN FRANCISCO, CA, August 7, 2025 — Nextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, today reported financial results for the second quarter ended June 30, 2025.

Nextdoor's highlighted metrics for the quarter ended June 30, 2025 include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Platform Weekly Active Users (Platform WAU) of 21.8 million increased 1% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue of $65 million increased 3% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net loss was $15 million, compared to $43 million in the year-ago period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA loss was $2 million, compared to $6 million in the year-ago period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ending cash, cash equivalents, and marketable securities were $413 million as of June 30, 2025.

"In Q2, users, revenue, and profitability all improved year-over-year. Product-driven performance improvements for advertisers continued to scale, enabling us to generate positive operating cash flow for the third straight quarter," said Nextdoor CEO Nirav Tolia. "The new Nextdoor, which we delivered in mid-July, offers a transformed experience for neighbors and advertisers and serves as a strong foundation for future user engagement and monetization growth."

Today, Nextdoor announced a restructuring plan, including a reduction in workforce, resulting in reduced annualized operating expenses of approximately $30 million. "Delivering the new Nextdoor was just the first step in ensuring our business delivers more value to neighbors and customers," said Tolia. "This is a strategic action to better position Nextdoor for sustained, long-term success. We now expect to achieve quarterly adjusted EBITDA breakeven in Q4 2025 and full-year adjusted EBITDA breakeven in FY 2026."

Nextdoor also announced today that Matthew Anderson is resigning from his position as Chief Financial Officer, effective September 1, 2025. To support a smooth transition, Anderson will remain with the company in an advisory capacity through the end of the year. Nextdoor is initiating a comprehensive search for its next Chief Financial Officer in partnership with an external executive search firm.

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"It has been a privilege to serve as CFO of Nextdoor," said Anderson. "I'm proud of what we've accomplished and look forward to supporting the leadership team through this transition."

Nextdoor also announced the appointment of Craig Lisowski as the new President of Products. A driving force behind Nextdoor's product development over the past six years, Lisowski will now lead the full product organization, ensuring continued innovation and execution at scale.

"I'm honored to step into this expanded role," said Lisowski. "The launch of the new Nextdoor reflects the team's hard work, and it's just the beginning. I look forward to continuing to build impactful products for neighbors and communities everywhere."

Tolia said: "I want to thank Matt for his leadership and many contributions over the past six-plus years. He played a critical role in taking Nextdoor public and building a world-class finance team, and we're grateful for his support during this transition. At the same time, I'm incredibly excited about the future. Craig has been my partner in developing the strategy for the new Nextdoor and plays a critical role in all aspects of our company transformation. His skills as a product builder, track record of execution, and insight into our technology platform make him the right leader to take our product development organization to the next level."

For more detailed information on our operating and financial results for the second quarter ended June 30, 2025, as well as our outlook for Q3 and fiscal year 2025, please reference our Investor Update posted to our Investor Relations website located at investors.nextdoor.com.

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| *(in thousands)* | **2025** | **2024** | **2025** | **2024** |
| Revenue | $65093 | $63292 | $119269 | $116438 |
| Loss from operations | $(20276) | $(49016) | $(47289) | $(83765) |
| Net loss | $(15362) | $(42781) | $(37314) | $(71042) |
| Adjusted EBITDA<sup>(1)</sup> | $(2247) | $(5979) | $(11405) | $(19994) |

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<sup>(1)</sup> The following is a reconciliation of net loss, the most comparable GAAP measure, to adjusted EBITDA for the periods presented above:

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**Exhibit 99.2**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| *(in thousands)* | **2025** | **2024** | **2025** | **2024** |
| Net loss | $(15362) | $(42781) | $(37314) | $(71042) |
| Depreciation and amortization | 514 | 1143 | 1058 | 2530 |
| Stock-based compensation | 17107 | 16235 | 34198 | 35741 |
| Interest income | (4774) | (6409) | (9756) | (13255) |
| Provision for income taxes | 268 | 316 | 409 | 515 |
| Restructuring charges |  | 25517 |  | 25517 |
| Adjusted EBITDA | $(2247) | $(5979) | $(11405) | $(19994) |
| Net loss % Margin | (24)% | (68)% | (31)% | (61)% |
| Adjusted EBITDA % Margin | (3)% | (9)% | (10)% | (17)% |

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Nextdoor will host a conference call at 2:00 p.m. PT/5:00 p.m. ET today to discuss these results and outlook. A live webcast of our second quarter 2025 earnings release call will be available in the Events & Presentations section of Nextdoor's Investor Relations website located at investors.nextdoor.com. After the live event, the audio recording for the webcast can be accessed on the same website for approximately one year.

Nextdoor uses its Investor Relations website (investors.nextdoor.com), its X handle (x.com/Nextdoor), its LinkedIn Home Page (linkedin.com/company/nextdoor-com), and Nirav Tolia's LinkedIn posts (www.linkedin.com/in/niravtolia/) and X posts (x.com/niravtolia) as a means of disseminating or providing notification of, among other things, news or announcements regarding its business or financial performance, investor events, press releases, and earnings releases, and as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.

**Non-GAAP Financial Measures**

We have not reconciled our adjusted EBITDA and adjusted EBITDA margin outlook to GAAP net loss or GAAP net loss margin because certain items that impact GAAP net loss and GAAP net loss margin are uncertain or out of our control and cannot be reasonably predicted. In particular, stock-based compensation expense is impacted by the future fair market value of our common stock and other factors, all of which are difficult to predict, subject to frequent change, or not within our control. The actual amount of these expenses during 2025 will have a significant impact on our future GAAP financial results. Accordingly, a reconciliation of adjusted EBITDA outlook to net loss and adjusted EBITDA margin to GAAP net loss margin is not available without unreasonable efforts.

To supplement our condensed consolidated financial statements, which are prepared in accordance with GAAP, we present certain non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin, in this press release. Our use of non-GAAP financial measures has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP.

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We use non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. Non-GAAP financial measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance. We exclude the following items from one or more of our non-GAAP financial measures: stock-based compensation expense (non-cash expense calculated by companies using a variety of valuation methodologies and subjective assumptions), depreciation and amortization (non-cash expense), interest income, provision for income taxes, and, if applicable, restructuring charges or acquisition-related costs.

Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) stock-based compensation expense has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy, (2) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and our non-GAAP measures do not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements, and (3) adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; (b) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (c) tax payments that may represent a reduction in cash available to us. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures.

**About Nextdoor**

Nextdoor is the essential neighborhood network for over 100 million verified neighbors, offering trusted local news, real-time safety alerts, neighbor recommendations, for sale and free listings, and events. Nextdoor connects neighbors to the people, places, and information that matter most in their local communities. In addition, businesses, news publishers, and public agencies use Nextdoor to share important information and engage with neighbors at scale. Download the app or join the neighborhood at nextdoor.com. For more information and media assets, visit nextdoor.com/newsroom.

**Safe Harbor Statement**

This press release contains forward-looking statements regarding our future business expectations, including statements regarding projected financial results and reduction in operating expenses. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, as more fully detailed under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission ("SEC") on August 7, 2025, and our other SEC

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filings, which are available on the Investor Relations page of our website at investors.nextdoor.com and on the SEC's website at www.sec.gov. All forward-looking statements contained herein are based on information available to us as of the date hereof and you should not rely upon forward-looking statements as predictions of future events. We undertake no obligation to update any of these forward-looking statements for any reason after the date of this press release or to conform these statements to actual results or revised expectations, except as required by law. Undue reliance should not be placed on the forward-looking statements in this press release.

**Contacts**

Investor Relations:

John T. Williams

jwilliams@nextdoor.com

ir@nextdoor.com

or visit investors.nextdoor.com

Media Relations:

Kelsey Grady

press@nextdoor.com

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