Nextdoor Holdings, Inc. (NYSE: NXDR), the digital platform connecting neighbors, has released its financial results for the third quarter ending September 30, 2025. This quarter marked significant developments for the company, including a notable increase in revenue and the appointment of a new Chief Financial Officer.

1. Key Financial Metrics

Nextdoor's performance metrics illustrate a mixed landscape for the third quarter of 2025:

Platform Weekly Active Users (WAU): The company reported 21.6 million WAUs, reflecting a 3% decrease compared to the same period last year.

Revenue: Nextdoor achieved $69 million in revenue, marking a 5% increase year-over-year.

Net Loss: The company posted a net loss of $13 million, an improvement from the $15 million loss recorded in the third quarter of 2024.

Adjusted EBITDA: Nextdoor reported an adjusted EBITDA of $4 million, a significant recovery from a loss of $1 million in the previous year.

Cash Position: As of September 30, 2025, Nextdoor had $403 million in cash, cash equivalents, and marketable securities, providing a solid financial foundation for future growth.

2. CEO's Commentary

Nirav Tolia, CEO of Nextdoor, expressed optimism regarding the company’s trajectory. He stated, "We saw steady execution and progress in Q3, delivering our highest-ever quarterly revenue. 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."

Tolia highlighted the importance of the self-serve advertising model, which constituted nearly 60% of the company's revenue for the quarter. He noted that advertisers are reaping the benefits of performance improvements facilitated by Nextdoor's Ads Platform. Furthermore, Tolia mentioned the launch of "Nextdoor live," which aims to enhance user engagement and monetization strategies.

3. New Chief Financial Officer

In a strategic move, Nextdoor announced the appointment of Indrajit Ponnambalam as the new Chief Financial Officer, effective December 1, 2025. With over 20 years of experience in financial leadership roles, Ponnambalam's background includes key positions at Premion, Match Group, Time Warner Cable, and AOL. His extensive expertise in high-growth technology and media sectors is expected to bolster Nextdoor’s financial strategies as the company continues to navigate its growth trajectory.

4. Year-to-Date Performance

Looking at the broader financial picture for the first nine months of 2025, Nextdoor reported:

Total Revenue: $188 million, a slight increase from $182 million during the same period in 2024.

Loss from Operations: $64.5 million, a decrease from $104.5 million last year.

Year-to-Date Net Loss: $50.2 million, improved from a loss of $85.9 million in 2024.

Adjusted EBITDA: A loss of $7 million compared to a loss of $21.3 million during the same period last year.

5. Conclusion

Nextdoor's third quarter results reflect a blend of challenges and growth opportunities. The company's ability to increase revenue while reducing net losses and operational losses signifies a positive trend. The strategic appointment of Indrajit Ponnambalam as CFO could provide the necessary financial leadership to navigate the complexities ahead, particularly as Nextdoor aims for breakeven in adjusted EBITDA by 2026. As the platform continues to innovate and engage its user base, stakeholders will be keenly watching its progress in the upcoming quarters.

Nextdoor will host a conference call today to discuss these results and provide further insights into the company's outlook for Q4 and the remainder of fiscal year 2025.

Original press release