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Nextdoor

Logo: Nextdoor, Public domain, via Wikimedia Commons4

Hyperlocal social networking service for neighborhoods

Nextdoor Holdings, Inc. is an American company that operates a hyperlocal social networking service for neighborhoods.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$257.6MRevenue, fiscal 20255
-$54.2MNet income, fiscal 20255
2011Founded1

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  • TickerNXDR on NYSE1
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersSan Francisco1
  • Websitenextdoor.com
  • Incorporated inDE6
  • Business address420 Taylor Street, San Francisco, Ca 940126
  • Filer categoryAccelerated filer6
Nextdoor offices, San Francisco (June 2022) -1
Photo: HaeB, CC BY-SA 4.0, via Wikimedia Commons8

Nextdoor Holdings, Inc. is an American company that operates a hyperlocal social networking service for neighborhoods. The company was founded in 2008 and is based in San Francisco, California. Nextdoor launched in the United States in October 2011. It is available in eleven countries as of May 2023. In 2024, the company claimed to have 88 million "neighbors" as members.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-27.9%Operating margin5
-21.0%Net margin5
4.2%Revenue growth, 20255
-12.6%Return on equity5
$5.9MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 96% of the revenue Nextdoor broke down this way in fiscal 2025.

  1. United States$248.6M596%up 5% from 2024
  2. Outside the United States$9.0M54%down 15% from 2024
Regions by year
Regions202320242025
United States$206.5M$236.7M$248.6M
Outside the United States$11.8M$10.6M$9.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue16¢$41.0M
  • Research and development52¢$135.2M
  • Other costs31¢$79.8M
  • Income tax1¢$1.6M

Out of $257.6M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$580.0K
  • Share buybacks97¢$18.9M

Out of $6.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue910115$257.6M in 2025+109% since 2020
0$100.0M$200.0M$300.0M2020: $123.3M$123.3M20202021: $192.2M$192.2M2021+56%2022: $212.8M$212.8M2022+11%2023: $218.3M$218.3M2023+3%2024: $247.3M$247.3M2024+13%2025: $257.6M$257.6M2025+4%
Operating income910115-$71.9M in 2025−6% since 2020
-$200.0M-$150.0M-$100.0M-$50.0M02020: -$76.7M-$76.7M20202021: -$94.8M-$94.8M2021+24%2022: -$144.2M-$144.2M2022+52%2023: -$172.3M-$172.3M2023+19%2024: -$121.6M-$121.6M2024−29%2025: -$71.9M-$71.9M2025−41%
Net income910115-$54.2M in 2025−28% since 2020
-$150.0M-$100.0M-$50.0M02020: -$75.2M-$75.2M20202021: -$95.3M-$95.3M2021+27%2022: -$137.9M-$137.9M2022+45%2023: -$147.8M-$147.8M2023+7%2024: -$98.1M-$98.1M2024−34%2025: -$54.2M-$54.2M2025−45%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
Revenue$257.6M$247.3M$218.3M
Cost of revenue$41.0M$41.9M$41.6M
Research and development$135.2M$127.9M$150.0M
Sales and marketing$91.0M$107.0M$122.9M
General and administrative$62.4M$92.1M$76.1M
Total costs and expenses$329.6M$368.9M$390.6M
Loss from operations-$71.9M-$121.6M-$172.3M
Interest income$18.8M$24.4M$25.8M
Other income (expense), net$605.0K-$99.0K-$505.0K
Loss before income taxes-$52.6M-$97.4M-$147.0M
Provision for income taxes$1.6M$706.0K$756.0K
Net loss-$54.2M-$98.1M-$147.8M
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)-$0.14-$0.25-$0.39
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)-$0.14-$0.25-$0.39
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)386.3M shares385.1M shares379.3M shares
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)386.3M shares385.1M shares379.3M shares

Compare Nextdoor with another company

The story

Founded by Nirav Tolia and Sarah Leary in 2011.1

History

Nirav Tolia, Sarah Leary, Prakash Janakiraman and David Wiesen co-founded Nextdoor in 2008. Tolia had previously helped start Epinions. Early investors included Benchmark Capital, Shasta Ventures, and Rich Barton. The concept and patents that Nextdoor is based on were invented by "FatDoor" CEO Raj Abhyanker in 2006. Abhyanker pitched Benchmark Capital on Nextdoor in 2007. Nirav Tolia worked at Benchmark Capital as Entrepreneur in Residence at that time.

As of February 2014, Nextdoor had 80 to 100 employees. In July 2012, Nextdoor raised US$18.6 million in venture capital funding. Dan Clancy (formerly of Google) joined Nextdoor in February 2014.

On May 14, 2014, Nirav Tolia, then-CEO of Nextdoor, was charged with felony hit-and-run for allegedly fleeing a crash on Highway 101 in Brisbane, California, that left a woman injured. "It's ironic that the CEO of a company that is holding itself out as trying to promote neighborliness, crime watch and things like that flees the scene of an accident that he caused and doesn't bother to call 911 or stay around to exchange information or see if he caused any injuries," said the woman's attorney, Joseph Brent. On June 12, 2014, Tolia pled no contest and served 30 days of community service in lieu of jail time.

In February 2017, Nextdoor acquired the UK local social network service Streetlife in a "multimillion pound deal". Nextdoor's less stringent privacy and safety policies provoked concerns among some users of Streetlife—for example, full names and street addresses are visible to all members of a Nextdoor, but not Streetlife, neighbourhood—some reporting ensuing harm, such as abusive former partner finding out a woman's current address.

Advertising was added to the platform, including real estate advertising, in 2017. Advertising includes posts inside users' feeds about business services and products.

In July 2018, then-CEO co-founder Tolia announced plans to retire as chief executive officer (CEO), stating that he intended to become chair of the company's board following the transition. In October 2018, Square's former chief financial officer Sarah Friar became CEO, succeeding Tolia. Tolia subsequently retained his seat as a member of the company board of directors.

In 2019, Nextdoor acquired Hoodline, a local news aggregator that is considered Pink-slime Journalism. Later that year, HuffPost and Wired reported that Nextdoor paid a firm to improve its reputation by lobbying for changes to the Wikipedia articles on Nextdoor, NBC, and several other corporations.

In November 2021, Nextdoor became a publicly traded company.

Read the full text

In February 2024, Sarah Friar stepped down as CEO and Tolia resumed the role. In March 2024, Tolia was accused of sexual harassment by a former employee.

Local information

While allowing for "civil debate", the platform prohibits canvassing for votes on forums. The service does, however allow separate forums just for political discussions. According to The New York Times, these discussions are "separated from [a user's regular] neighborhood feeds". The company had established these separate forums in 12 markets by 2018.

In a 2014 study of three neighborhoods in Atlanta, researchers from the Georgia Institute of Technology found that Nextdoor users from the study tended to be highly engaged with their respective neighborhoods outside of their participation on Nextdoor. For these users, Nextdoor provided a means of communication with individuals in a geographic area, instead of the topic-specific focuses of mailing lists, Facebook groups, and Craigslist posts. Study participants described Nextdoor discussions as civil, and stated that the website's address verification requirement increases trust among users while also raising privacy concerns associated with disclosing one's location to the neighborhood.

From Wikipedia’s article on Nextdoor, shared under CC BY-SA 4.0.7

Leadership

Who has led Nextdoor, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sarah Friar2018–now
201520202025
Board members and other officers (1)

Products and brands

  • social networking service

Listed on Wikidata.1

Since at least 2019, Nextdoor has used addressed advertising mail to attract new users in several of the countries it operates in, using a form letter referencing the local neighborhood and credited to a local resident. According to Nextdoor, these letters only use the names of residents who have explicitly agreed to send invitations to their neighbors; however, some users claim to have been named in these letters without their permission, or that they thought they were merely clicking a link for more information about the invitations before agreeing to send them. On occasion, authorities not familiar with the service have issued alerts suggesting the mailings were potentially fraudulent, which Nextdoor has denied.

From Wikipedia’s article on Nextdoor, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

From Wikidata.1

Employees over time

  • 20227041

Former names

  • Khosla Ventures Acquisition Co. IIFeb 12, 2021 to Nov 3, 20216

Timeline

  1. Oct 2018New chief executive Sarah Friar becomes CEO1
  2. 2011Founded Founded1

Recent filings

  1. Oct 13, 2026CERT
  2. Oct 13, 202625
  3. Oct 5, 20268-A12B
  4. Oct 2, 20264
  5. Oct 2, 20264
  6. Oct 2, 20264
  7. Oct 2, 20264
  8. Oct 2, 20264
  9. Oct 1, 20268-K
  10. Sep 25, 20268-K
  11. Sep 24, 20264
  12. Sep 24, 2026144
  13. Sep 23, 20264
  14. Sep 21, 2026144
  15. Sep 17, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2