# EDGAR Filing Document

**Accession Number:** 0001846069
**File Stem:** 0001846069-25-000135
**Filing Date:** 2025-11
**Character Count:** 41717
**Document Hash:** 45a2fb1bd201fc8b1c1645df2ded5c41
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001846069-25-000135.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001846069-25-000135

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20251105

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

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

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**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:** 251453952

**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'? nxdr-20251105

**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): November 5, 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:**

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| | | |
|:---|:---|:---|
| **<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 November 5, 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 third quarter ended September 30, 2025. The Company also announced that it would be holding a conference call on November 5, 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

(c) On October 30, 2025, the Board of Directors of the Company (the "Board") appointed Indrajit Ponnambalam as the Company's Chief Financial Officer and Treasurer, effective as of December 1, 2025 (the "Effective Date").

Mr. Ponnambalam, age 52, previously served as Chief Financial Officer at Premion, a connected TV advertising platform serving regional and local advertisers, from October 2024 until October 2025, and was a consultant at Pieces Technologies, a healthcare AI research and development firm, from April 2024 until November 2024. He was a Strategic Financial Advisor for Fanatics Collectibles, a global digital sports platform, from July 2022 until August 2023. From May 2021 until February 2022, he was the Chief Administrative Officer and SVP, Finance of Match Group, an internet and technology company, and served as its Senior Vice President of Finance from January 2017 until April 2021. Mr. Ponnambalam earned a B.S. in Finance and Accounting from the McDonough School of Business at Georgetown University and an M.B.A. from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.

There is no arrangement or understanding between Mr. Ponnambalam and any other persons, pursuant to which Mr. Ponnambalam was selected as an officer, no family relationships among any of the Company's directors or executive officers and Mr. Ponnambalam, and Mr. Ponnambalam does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

In connection with his appointment as Chief Financial Officer, Mr. Ponnambalam and the Company entered into an Offer Letter dated October 31, 2025 (the "Offer Letter"). Pursuant to the Offer Letter, commencing on the Effective Date, Mr. Ponnambalam will receive an initial annual base salary of $550,000 and will be eligible to participate in Company-sponsored benefits to the extent he is eligible pursuant to the terms of the Company's benefit plans. In addition, Mr. Ponnambalam will be granted a restricted stock unit award covering approximately $3.2 million of the Company's Class A common stock (the "RSUs"), which will vest quarterly over a four year period. The vesting of the RSUs is subject to Mr. Ponnambalam's continuous employment with the Company as Chief Financial Officer and other customary provisions to be set forth in an award agreement pursuant to the Company's 2021 Equity Incentive Plan (the "Plan").

Mr. Ponnambalam will also be granted a performance stock unit award covering $3 million of the Company's Class A common stock (the "PSUs," and together with the RSUs, the "Equity Awards"). The PSUs will be subject to performance-based vesting pursuant to terms to be set by the compensation

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committee of the Board, consistent with the terms applicable to other members of the Company's executive team and to be set forth in an award agreement pursuant to the Plan. The number of shares subject to the Equity Awards will be determined by dividing the aggregate value of each award by the average of the closing sale price of the Company's Class A common stock in the calendar month immediately preceding the first of the month in which the Effective Date occurs and the calendar month in which the Effective Date occurs. The Equity Awards will be granted pursuant to and in accordance with the terms and conditions of the Plan, which was previously filed with the U.S. Securities and Exchange Commission (the "SEC").

Mr. Ponnambalam has also entered into the Company's standard form of Indemnity Agreement and Change in Control and Severance Agreement. The forms of the Indemnity Agreement and Change in Control and Severance Agreement were previously filed by the Company as Exhibits 10.6 and 10.11, respectively, to the Company's Current Report on Form 8-K filed with the SEC on November 12, 2021, and are incorporated by reference herein.

The foregoing description of the Offer Letter is qualified in its entirety by reference to the full text of the Offer Letter, which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ending December 31, 2025.

(e) The information set forth above under 5.02(c) is hereby incorporated by reference into this Item 5.02(e).

**Item 7.01 Regulation FD Disclosure.**

On November 5, 2025, the Company issued a press release announcing the appointment of Mr. Ponnambalam as Chief Financial Officer and Treasurer. A copy of the press release is attached as Exhibit 99.3 to this Current Report on Form 8-K.

The information in this Item 7.01, including Exhibit 99.3, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the registrant 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 9.01 Financial Statements and Exhibits**

(d) *Exhibits*

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | <u>[Q3 2025 Investor Update.](exhibit991-q32025nextdoo.htm)</u> |
| 99.2 | <u>[Press Release issued by Nextdoor Holdings, Inc., dated November 5, 2025.](exhibit992-pressreleasexq3.htm)</u> |
| 99.3 | <u>[Press Release issued by Nextdoor Holdings, Inc., dated November 5, 2025.](exhibit993-pressreleasexof.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: November 5, 2025 | By: | /s/ Nirav Tolia |
|  |  | Nirav Tolia |
|  |  | Chief Executive Officer |

---

## Exhibit 99.1

![](exhibit991-q32025nextdoo001.jpg)

Nextdoor Investor Update Q3 2025© 2025 Nextdoor. All rights reserved. Any copying or use of this confidential information is strictly prohibited without the express written permission of Nextdoor. Confidential, attorney-client privileged. Exhibit 99.1

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![](exhibit991-q32025nextdoo002.jpg)

John T. Williams 2 Head of Investor Relations

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![](exhibit991-q32025nextdoo003.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 fourth quarter 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 September 30, 2025, filed on November 5, 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-q32025nextdoo004.jpg)

Nirav Tolia 4 CEO

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![](exhibit991-q32025nextdoo005.jpg)

5 Q3'25 Performance Update Users -3% y/y 21.6M Platform WAU Modest (1%) sequential decline as we reduced notifications to drive higher quality usage and engagement Revenue +5% y/y $69M Self-serve +33% y/y on strong demand from advertisers seeing better performance on our platform Profitability $13M Net Loss; Margin +4 ppt y/y $4M Adj. EBITDA; Margin +8 ppt y/y Positive Q3 Adjusted EBITDA driven by strong revenue, ongoing productivity focus Metrics as of 9/30/2025. 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.

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![](exhibit991-q32025nextdoo006.jpg)

Our self-serve channel remains a growth engine. Q3 revenue was $69M, +5% year-over-year and reflecting strong demand from self-serve advertisers. Self-serve channel revenue grew 33% year-over-year in Q3 and represented nearly 60% of Q3 total revenue. We delivered on our commitment to complete our programmatic supply integrations. 6 Revenue Some figures may not tie due to rounding.

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![](exhibit991-q32025nextdoo007.jpg)

7 Self-Serve 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 all customers. Automated click and conversion optimization make it easier for buyers using our self-serve platform to achieve stronger performance outcomes. Self-serve usage unlocks operating leverage, productivity improvements for advertisers.

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![](exhibit991-q32025nextdoo008.jpg)

8 Platform WAU Some figures may not tie due to rounding. Platform WAU reflects users who open our application or 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. The Q3 decline was driven by our intentional decision to reduce notification and email volumes, reflecting our focus on engagement quality over quantity. Short-term, we expect Platform WAU may continue to fluctuate, due to seasonality and our continued commitment to delivering the best user experience.

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![](exhibit991-q32025nextdoo009.jpg)

9 Net Income (Loss) Some figures may not tie due to rounding. Operating leverage again improved year-over-year. Net loss and margin were ($13M) and (19%), respectively. Net margin improved by 4 ppt year-over-year. Margin improvement was driven by stronger revenue and slightly lower year-over-year GAAP operating expenses.

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![](exhibit991-q32025nextdoo010.jpg)

10 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. Margin gains reflect spending discipline and stronger execution. Adjusted EBITDA was $4M, representing a 6% margin. Adjusted EBITDA margin improved by 8 ppt year-over- year. Sales and marketing and personnel efficiency drove the majority of our year-over-year improvement.

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![](exhibit991-q32025nextdoo011.jpg)

11 Productivity and Capital Allocation Some figures may not tie due to rounding. Annualized Revenue/FTE ($, thousands) Productivity remains a key focus area. Revenue/FTE has improved 21% year-to-date. We have driven >30 ppts of margin improvement over the last two years while increasing our resource allocation toward product. Strong balance sheet provides flexibility: $403M in cash, cash equivalents, and marketable securities at Q3-end.

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![](exhibit991-q32025nextdoo012.jpg)

12 Financial Outlook Some figures may not tie due to rounding. Outlook as of 11/5/2025. Q4'25 Outlook y/y change Revenue $67M - $68M 3-4% y/y Adj. EBITDA $3.5M - $4.5M NM Adj. EBITDA Margin 5% - 7% +0-2 ppt y/y Additional details: Our Q4 guidance reflects normal seasonality and a full quarter of savings from our recent workforce reduction, partially offset by incremental platform investments. We do not plan to increase ad load in Q4 or into 2026, as we continue to prioritize the best user experience. Consistent with this approach, we expect to intentionally reduce new user acquisition efforts during Q4. We continue to expect full-year adjusted EBITDA breakeven in 2026.

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![](exhibit991-q32025nextdoo013.jpg)

Q3 Product Update 13

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![](exhibit991-q32025nextdoo014.jpg)

Nirav Tolia 14 CEO

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![](exhibit991-q32025nextdoo015.jpg)

Appendix 15

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![](exhibit991-q32025nextdoo016.jpg)

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

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![](exhibit991-q32025nextdoo017.jpg)

17 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-q32025nextdoo018.jpg)

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

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![](exhibit991-q32025nextdoo019.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. 19 Non-GAAP Financial Measures

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![](exhibit991-q32025nextdoo020.jpg)

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

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![](exhibit991-q32025nextdoo021.jpg)

21 investors.nextdoor.com · ir@nextdoor.com

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## Exhibit 99.2

**Exhibit 99.2**

**Nextdoor Reports Third Quarter 2025 Results**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Revenue of $69 million, +5% year-over-year; Platform WAU of 21.6 million, -3% year-over-year*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *GAAP net loss of $13 million; Adjusted EBITDA of $4 million, representing year-over-year margin improvement of 8 percentage points*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Reiterates path to full-year adjusted EBITDA breakeven in FY 2026*

SAN FRANCISCO, CA, November 5, 2025 — Nextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, today reported financial results for the third quarter ended September 30, 2025.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Platform Weekly Active Users (Platform WAU) of 21.6 million decreased 3% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue of $69 million increased 5% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net loss was $13 million, compared to $15 million in the year-ago period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA was $4 million, compared to a loss of $1 million in the year-ago period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ending cash, cash equivalents, and marketable securities were $403 million as of September 30, 2025.

"We saw steady execution and progress in Q3, delivering our highest-ever quarterly revenue," said Nextdoor CEO Nirav Tolia. "Our financial and operational discipline continue to drive growth and expand non-GAAP profitability, and we remain on track to reach full-year Adjusted EBITDA breakeven in 2026. Self-serve remains our growth engine, representing nearly 60% of our Q3 revenue, as advertisers continue to benefit from performance improvements unlocked by our Nextdoor Ads Platform. With the new Nextdoor live in market, we continue to test and optimize for stronger engagement, improved monetization, and a reenergized user base over the long-term."

Nextdoor also announced the appointment of Indrajit Ponnambalam as Chief Financial Officer, effective December 1, 2025. Ponnambalam brings over 20 years of financial leadership experience across high-growth technology, media, and consumer platforms. Most recently, he served as Chief Financial Officer at Premion, an industry-leading connected TV advertising platform. He previously spent five years at Match Group in senior finance leadership roles, and has held finance roles at Time Warner Cable and AOL.

For more detailed information on our operating and financial results for the third quarter ended September 30, 2025, as well as our outlook for Q4 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 September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| *(in thousands)* | **2025** | **2024** | **2025** | **2024** |
| Revenue | $68898 | $65610 | $188167 | $182048 |
| Loss from operations | $(17229) | $(20777) | $(64518) | $(104542) |
| Net loss | $(12857) | $(14898) | $(50171) | $(85940) |
| Adjusted EBITDA<sup>(1)</sup> | $4385 | $(1317) | $(7020) | $(21311) |

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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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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| *(in thousands)* | **2025** | **2024** | **2025** | **2024** |
| Net loss | $(12857) | $(14898) | $(50171) | $(85940) |
| Depreciation and amortization | 475 | 777 | 1533 | 3307 |
| Stock-based compensation | 16600 | 18440 | 50798 | 54181 |
| Interest income | (4624) | (5804) | (14380) | (19059) |
| Provision for income taxes | 131 | 168 | 540 | 683 |
| Restructuring charges | 4660 |  | 4660 | 25517 |
| Adjusted EBITDA | $4385 | $(1317) | $(7020) | $(21311) |
| Net loss % Margin | (19)% | (23)% | (27)% | (47)% |
| Adjusted EBITDA % Margin | 6% | (2)% | (4)% | (12)% |

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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 third 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

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**Exhibit 99.2**

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.

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.

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**Safe Harbor Statement**

This press release contains forward-looking statements regarding our future business expectations, including statements regarding projected financial results. 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 September 30, 2025, filed with the Securities and Exchange Commission ("SEC") on November 5, 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. 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

## Exhibit 99.3

**Exhibit 99.3**

**Nextdoor Announces Indrajit Ponnambalam as Chief Financial Officer**

*Former Match Group executive joins Nextdoor to lead the company's finance organization and guide its strategy for sustained growth and profitability*

SAN FRANCISCO, CA, November 5, 2025 — Nextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, today announced the appointment of Indrajit Ponnambalam as Chief Financial Officer, effective December 1, 2025. He will report to Nextdoor Co-Founder and Chief Executive Officer Nirav Tolia. Ponnambalam will lead all aspects of Nextdoor's finance organization, including financial planning and analysis, accounting, internal audit, tax, treasury, and investor relations.

Ponnambalam brings more than 20 years of financial leadership experience across high-growth technology, media, and consumer platforms. Most recently, he served as Chief Financial Officer at Premion, an industry-leading connected TV advertising platform serving regional and local advertisers. Previously, he spent five years at Match Group in senior finance leadership roles, including Chief Administrative Officer and SVP of Finance, helping scale its global portfolio and support the company's growth as a public company. Earlier in his career, Ponnambalam held finance roles at Time Warner Cable and AOL. Ponnambalam holds a B.S. in Finance and Accounting from Georgetown University and an M.B.A. from the University of North Carolina at Chapel Hill.

"We are thrilled to welcome Indrajit to Nextdoor," said Nirav Tolia, Co-Founder and Chief Executive Officer at Nextdoor. "His deep financial expertise and proven leadership at scaled consumer technology companies make him an exceptional addition to our executive team. He brings both a disciplined financial approach and a deep appreciation for the power of local community."

"I'm honored to join Nextdoor at such a pivotal moment in the company's journey," said Indrajit Ponnambalam. "Nextdoor has built a unique and trusted platform that strengthens the fabric of local communities around the world. I'm excited to partner with this talented team to drive sustainable growth, operational excellence, and long-term value creation."

For more information on Nextdoor's financial performance, please visit investors.nextdoor.com.

To learn more about Nextdoor, visit nextdoor.com/newsroom.

**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

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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. 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 September 30, 2025, filed with the Securities and Exchange Commission ("SEC") on November 5, 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. 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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