Nextdoor Holdings
NXDR on NYSE. Nextdoor Holdings sells local advertising to businesses that want to reach nearby neighbors. Market value $434m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $1.31 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 44 of 100. Price score: 7 of 100. Our list needs 70 on quality and 60 on price.
$2.42 a share, 82% above its 1-year low
Over the past year the price has ranged from $1.33 to $3.72.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $12 million in the past 12 months, $6 million in the year to December 2025.
| Revenue | |||||
| Revenue | $192m | $213m | $218m | $247m | $258m |
| Operating margin | |||||
| Operating margin | -49.3% | -67.8% | -78.9% | -49.2% | -27.9% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.15bn | 0.38bn | 0.38bn | 0.39bn | 0.39bn |
Health checks
- Free cash flow positive1 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)4 of 7 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsSlow, 7.6% a year
- Buying back its own sharesNo, 164% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $75 million last quarter, up 15% on a year ago.
- A loss of $2 million, compared with a loss of $15 million a year ago.
- It loses 17 cents on each $1 of sales, compared with 34 cents a year earlier.
- Spare cash over the past 12 months: $12 million, up from $1 million.
- About the same number of shares as a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $66m |
| December 2024 | $65m |
| March 2025 | $54m |
| June 2025 | $65m |
| September 2025 | $69m |
| December 2025 | $69m |
| March 2026 | $62m |
| June 2026 | $75m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$15m |
| December 2024 | -$12m |
| March 2025 | -$22m |
| June 2025 | -$15m |
| September 2025 | -$13m |
| December 2025 | -$4m |
| March 2026 | -$11m |
| June 2026 | -$2m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 18 February 2026
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 208 funds in all.
- Oasis ManagementSeth Fischer
- Value
- $567,500
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Oasis ManagementSeth Fischer | $567,500 | <0.1% |
Largest holders overall
- BlackRock$49mAdded
- Vanguard Capital Management$23mAdded
- Acadian Asset Management$22mAdded
- State Street$14mAdded
- Geode Capital Management$14mAdded
- Mackenzie Financial$14mNew
- Bond Capital Management, LP$12mCut
- Westerly Capital Management$11mCut
- Millennium Management$10mAdded
- Vanguard Portfolio Management$9mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- J. William GurleyPassive investorat least 19.1%(filed with 18 related holders)Since 7 February 2025
What they said
The Reporting Persons hold their securities of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Persons may, from time to time, acquire additional shares of Common Stock of the Issuer and/or retain and/or sell all or a portion of the…
Read the filing - BlackRock, Inc.Passive investor6.5%+1.2 ptsSince 31 December 2025
- Sumitomo Mitsui Trust Group, Inc.Passive investorat least 4.9%−0.8 pts(filed with 1 related holder)Since 31 December 2025
- Amova Asset Management Americas, Inc.Passive investorSold down below 5%Since 31 December 2025
- Nikko Asset Management Co., Ltd.Passive investorSold down below 5%Since 31 December 2024
- ARK Investment Management LLCPassive investorSold down below 5%Since 30 September 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
J. William Gurley Passive investor | at least 19.1% (filed with 18 related holders) | 7 February 2025 | What they saidThe Reporting Persons hold their securities of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Persons may, from time to time, acquire additional shares of Common Stock of the Issuer and/or retain and/or sell all or a portion of the… Read the filing |
BlackRock, Inc. Passive investor | 6.5%+1.2 pts | 31 December 2025 | |
Sumitomo Mitsui Trust Group, Inc. Passive investor | at least 4.9%−0.8 pts (filed with 1 related holder) | 31 December 2025 | |
Amova Asset Management Americas, Inc. Passive investor | Sold down below 5% | 31 December 2025 | |
Nikko Asset Management Co., Ltd. Passive investor | Sold down below 5% | 31 December 2024 | |
ARK Investment Management LLC Passive investor | Sold down below 5% | 30 September 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $2m, $2m of it under preset trading plans.
- Kiernan MichaelChief Revenue OfficerSoldunder a preset trading plan
- Date
- 22 September 2026
- Shares
- 50,000
- Price
- $2.54
- Value
- $127,005
- How AntoinetteChief Accounting OfficerSoldunder a preset trading plan
- Date
- 21 September 2026
- Shares
- 40,000
- Price
- $2.63
- Value
- $105,020
- How AntoinetteChief Accounting OfficerSoldunder a preset trading plan
- Date
- 15 September 2026
- Shares
- 154,893
- Price
- $2.43
- Value
- $375,941
- How AntoinetteChief Accounting OfficerSoldunder a preset trading plan
- Date
- 2 September 2026
- Shares
- 35,581
- Price
- $2.25
- Value
- $80,118
- Kiernan MichaelChief Revenue OfficerSoldunder a preset trading plan
- Date
- 21 August 2026
- Shares
- 111,559
- Price
- $2.39
- Value
- $266,314
- Schwartz SophiaChief Legal Officer, SecretarySoldunder a preset trading plan
- Date
- 17 August 2026
- Shares
- 2,500
- Price
- $2.51
- Value
- $6,286
- Lisowski CraigPresident of ProductsSoldunder a preset trading plan
- Date
- 16 July 2026
- Shares
- 30,000
- Price
- $2.51
- Value
- $75,195
- How AntoinetteChief Accounting OfficerSoldunder a preset trading plan
- Date
- 16 July 2026
- Shares
- 9,424
- Price
- $2.48
- Value
- $23,413
- Schwartz SophiaGeneral Counsel and SecretarySoldunder a preset trading plan
- Date
- 16 July 2026
- Shares
- 52,582
- Price
- $2.48
- Value
- $130,666
- Lisowski CraigPresident of ProductsSoldunder a preset trading plan
- Date
- 14 July 2026
- Shares
- 60,000
- Price
- $2.50
- Value
- $150,096
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 22 September 2026 | Kiernan Michael Chief Revenue Officer | Sold under a preset trading plan | 50,000 | $2.54 | $127,005 |
| 21 September 2026 | How Antoinette Chief Accounting Officer | Sold under a preset trading plan | 40,000 | $2.63 | $105,020 |
| 15 September 2026 | How Antoinette Chief Accounting Officer | Sold under a preset trading plan | 154,893 | $2.43 | $375,941 |
| 2 September 2026 | How Antoinette Chief Accounting Officer | Sold under a preset trading plan | 35,581 | $2.25 | $80,118 |
| 21 August 2026 | Kiernan Michael Chief Revenue Officer | Sold under a preset trading plan | 111,559 | $2.39 | $266,314 |
| 17 August 2026 | Schwartz Sophia Chief Legal Officer, Secretary | Sold under a preset trading plan | 2,500 | $2.51 | $6,286 |
| 16 July 2026 | Lisowski Craig President of Products | Sold under a preset trading plan | 30,000 | $2.51 | $75,195 |
| 16 July 2026 | How Antoinette Chief Accounting Officer | Sold under a preset trading plan | 9,424 | $2.48 | $23,413 |
| 16 July 2026 | Schwartz Sophia General Counsel and Secretary | Sold under a preset trading plan | 52,582 | $2.48 | $130,666 |
| 14 July 2026 | Lisowski Craig President of Products | Sold under a preset trading plan | 60,000 | $2.50 | $150,096 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 18 Feb 2026, plus the 10-Q filed 4 Aug 2026 and 5 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.