Nextdoor Holdings, Inc. · NYSE:NXDR
Nextdoor — Q4 2025 Earnings Presentation
23 slides from Nextdoor's earnings presentation, Feb 18, 2026
Slide 1: Nextdoor Investor Update Q4 2025
Nextdoor Investor Update Q4 2025 Exhibit 99.1
Slide 2: Nirav Tolia, CEO
Nirav Tolia CEO
Slide 3: Forward-looking statements
**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,” “shoul
Slide 4: Nirav Tolia, CEO
Nirav Tolia CEO
Slide 5: Q4'25 Performance Update
Q4’25 Performance Update Users 21.0M Platform WAU (5%) y/y Continued to moderate notification and email levels in Q4, which led to (3%) sequential decline, roughly in-line with our expectations. Revenue $69M +7% y/y Self-serve +32% y/y on strong advertiser demand as our investments drove real perfor
Slide 6: Indrajit Ponnambalam, CFO
Indrajit Ponnambalam CFO
Slide 7: Platform Weekly Active Users (WAU)
Platform Weekly Active Users (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 o
Slide 8: Revenue
Revenue Some figures may not tie due to rounding. Strongest Q4 revenue in company history. Q4 revenue was $69M, +7% year-over-year, reflecting strong self-serve advertiser demand and better yields. Self-serve channel revenue grew 32% year-over-year in Q4 and was again nearly 60% of total revenue. AR
Slide 9: Self-Serve
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 platf
Slide 10: Net Income (Loss)
Net Income (Loss) Some figures may not tie due to rounding. Operating leverage improved year-over-year. Net loss and margin were ($4M) and (6%), respectively. Net margin improved by 13 ppt year-over-year. Margin improvement was driven by stronger revenue and lower year-over-year GAAP operating expen
Slide 11: Adjusted EBITDA
Adjusted EBITDA Some figures may not tie due to rounding. A reconciliation of non-GAAP metrics used in this presentation to their most comparable GAAP measures is provided in the Appendix at the end of this presentation. Margin gains reflect ongoing discipline and better execution. Adjusted EBITDA w
Slide 12: Productivity and Capital Allocation
Productivity and Capital Allocation 1. Annualized revenue / FTE = Quarterly revenue x 4 / average # of full-time employees in quarter. Some figures may not tie due to rounding. Annualized Revenue / FTE ($K)1 Productivity remains a key priority. Revenue / FTE improved 26% in Q4, and 76% over the last
Slide 13: Financial Outlook
Financial Outlook Some figures may not tie due to rounding. Outlook as of 2/18/2026. Q1’26 Outlook y/y change (midpoint of range) Additional details Revenue $57M - $59M +7% y/y Q1 guidance reflects normal revenue seasonality. We expect full-year 2026 revenue will continue to grow. Adj. EBITDA ($6M)
Slide 14: Nirav Tolia, CEO
Nirav Tolia CEO
Slide 15: Investment Thesis
Investment Thesis The Neighborhood Graph A unique verified, address-based graph built on identity, location, and trust. Intent-Driven Engagement High-intent usage driven by real-world decisions and action. Multiple Monetization Pathways Multiple monetization tools to match high-intent engagement wit
Slide 16: Questions
investors.nextdoor.com Questions
Slide 17: Appendix
Appendix
Slide 18: Condensed Consolidated Balance Sheets
18 Condensed Consolidated Balance Sheets in thousands, except per share data Some figures may not tie due to rounding.
Slide 19: Condensed Consolidated Statements of Operations
19 Condensed Consolidated Statements of Operations in thousands, except per share data Some figures may not tie due to rounding.
Slide 20: Condensed Consolidated Statements of Cash Flows
20 Condensed Consolidated Statements of Cash Flows in thousands Some figures may not tie due to rounding.
Slide 21: Non-GAAP financial measures and outlook reconciliation
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 compensat
Slide 22: Adjusted EBITDA Reconciliation
22 Adjusted EBITDA Reconciliation in thousands Some figures may not tie due to rounding.
Slide 23: investors.nextdoor.com · ir@nextdoor.com
23 investors.nextdoor.com · ir@nextdoor.com