NXDRMEDIUM SIGNALFINANCIAL10-K

NXDR meaningfully reduced operating losses while substantially cutting share buyback activity, suggesting improved operational efficiency and cash preservation focus.

The company's operating losses narrowed substantially year-over-year while maintaining growth in user base to 105 million verified neighbors, indicating improving unit economics and operational leverage. The dramatic reduction in share buybacks from $75.5M to $18.9M signals management is prioritizing cash preservation over shareholder returns as the company works toward profitability.

Comparing 2026-02-18 vs 2025-02-27View on EDGAR →
FINANCIAL ANALYSIS

NXDR demonstrated meaningful operational improvement with both net losses and operating losses narrowing substantially from the prior year. Cash and equivalents grew to $63.3M from $45.5M, while accounts receivable increased modestly to $34.4M, suggesting steady business growth. The company dramatically reduced share buyback spending while maintaining conservative capital expenditure levels, reflecting a disciplined approach to cash management as it progresses toward profitability.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
-75%
$75.5M$18.9M

Buyback activity reduced 75% — capital being redeployed elsewhere or cash conservation underway.

Net Income
P&L
+44.7%
-$98.1M-$54.2M

Net income grew 44.7% — bottom-line growth signals improving overall business health.

Capital Expenditure
Cash Flow
+43.6%
$404K$580K

Capital expenditure jumped 43.6% — major investment cycle underway; assess returns on deployment.

Operating Income
P&L
+40.9%
-$121.6M-$71.9M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Cash & Equivalents
Balance Sheet
+39.1%
$45.5M$63.3M

Cash position surged 39.1% — strong cash generation or capital raise providing significant financial cushion.

Current Liabilities
Balance Sheet
+14.3%
$27.9M$31.9M

Current liabilities rose 14.3% — increased short-term obligations, watch current ratio.

Accounts Receivable
Balance Sheet
+10.3%
$31.2M$34.4M

Receivables grew 10.3% — monitor days sales outstanding for collection efficiency.

LANGUAGE CHANGES
NEW — 2026-02-18
PRIOR — 2025-02-27
ADDED
As of February 13, 2026, there were 260,137,108 shares of the registrant s Class A common stock outstanding and 127,588,294 shares of the registrant s Class B common stock outstanding.
We are dependent on third-party software and service providers, including ads platforms and programmatic advertising partners, for management and delivery of certain advertisements on the Nextdoor platform.
Security breaches, including improper access to or disclosure of our data or our neighbors data, or other hacking and phishing attacks on our or third-party systems, could harm our reputation, adversely affect our business, and result in legal liability.
Certain of our market opportunities and key metric estimates could prove to be inaccurate, and have been inaccurate in the past, and any real or perceived inaccuracies may harm our reputation and negatively affect our business.
Business Overview Nextdoor is the essential neighborhood network connecting over 105 million Verified Neighbors 1 to the people, places, and information that matter most in their local communities.
+7 more — sign up free →
REMOVED
As of February 24, 2025, there were 235,586,510 shares of the registrant s Class A common stock outstanding and 150,715,125 shares of the registrant s Class B common stock outstanding.
We are dependent on third-party software and service providers, including the Google Ad Manager ( GAM ) platform, for management and delivery of advertisements on the Nextdoor platform.
Security breaches, including improper access to or disclosure of our data or our neighbors data, or other hacking and phishing attacks on our or third-party systems, could harm our reputation and adversely affect our business.
Certain of our market opportunities and key metric estimates could prove to be inaccurate, and any real or perceived inaccuracies may harm our reputation and negatively affect our business.
Business Overview Nextdoor is the essential neighborhood network.
+7 more — sign up free →
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