Quarterly ResultMay 6, 2026, 04:13 PM
Nextdoor Authorizes $100M Share Buyback; Q1 Revenue $62M, +14% YoY
AI Summary
Nextdoor Holdings, Inc. announced its first-quarter 2026 financial results, reporting revenue of $62 million, a 14% increase year-over-year, and a significant improvement in profitability with a net loss of $11 million and an Adjusted EBITDA loss of $0.2 million. The company also announced that its board of directors authorized a share repurchase program of up to $100 million of its Class A common stock, valid through June 2028, reflecting confidence in its long-term value.
Key Highlights
- Board authorized a share repurchase program of up to $100 million of Class A common stock through June 2028.
- Q1 2026 Revenue was $62 million, up 14% year-over-year.
- Platform Weekly Active Users (WAU) reached 22.3 million, up 1% year-over-year and 6% quarter-over-quarter.
- GAAP Net Loss was $11 million, a significant improvement from $22 million in Q1 2025.
- Adjusted EBITDA loss was $0.2 million, improving from a $9 million loss in Q1 2025.
- Cash, cash equivalents, and marketable securities totaled $373 million as of March 31, 2026.
- Q2 2026 revenue outlook is $71M - $73M, representing 11% year-over-year growth at the midpoint.
- Full-year 2026 revenue is expected to grow approximately 10%.