Nextdoor Holdings, Inc. (NXDR) · Nov 5, 2026 · Earnings
Beat — Adjusted EBITDA $10.3M vs. $6.5M-$8.0M guide; revenue $78.8M vs. ~$78.8M consensus
Nextdoor’s Q3 earnings show the turnaround gaining financial traction: revenue reached the top of guidance and Adjusted EBITDA cleared its range.
Nextdoor is in the execution phase of a product and monetization rebuild: after two quarters of sequential Platform WAU growth, management had already raised full-year 2026 expectations and was targeting low-teens revenue growth with roughly 10% Adjusted EBITDA margin.
| Q3 2026 | Q3 2025 | Guidance / consensus | |
|---|---|---|---|
| Revenue (Financial Highlights) | $78.8M (+14.3%) | $68.9M | $76M-$78M guide / ~$78.8M consensus |
| Loss from operations (Financial Highlights) | (4.2M) | $(17.2M) | |
| Net loss (Financial Highlights) | (0.7M) | $(12.9M) | |
| Adjusted EBITDA (Financial Highlights) | $10.3M (+135%) | $4.4M | $6.5M-$8.0M guide |
| Adjusted EBITDA margin (Financial Highlights) | 13% | 6% |
The real beat is profitability, not revenue. Revenue of $78.8 million reached the top of the company’s prior Q3 range and was essentially in line with published expectations, so the topline did not materially reset the story. The surprise was Adjusted EBITDA at $10.3 million, well above the previous $6.5 million-$8.0 million range, showing the cost discipline and monetization improvements are converting more of the existing audience into earnings. The company explicitly said Adjusted EBITDA was above guidance. 〔0〕
The operating trend is improving faster than the headline net loss suggests. The GAAP operating loss narrowed sharply to $4.2 million from $17.2 million, while net loss fell to $0.7 million from $12.9 million. That is meaningful progress for a business still investing in its platform, although Adjusted EBITDA excludes recurring stock-based compensation, which remained $14.3 million in the quarter.
User momentum is becoming a more credible support for the turnaround. Platform WAU rose for the third consecutive quarter to 24.5 million, extending the user recovery that management had begun highlighting after Q2. 〔1〕 This matters because the quarter’s revenue growth is arriving alongside renewed engagement rather than being driven only by cost cuts.
The forward story is unchanged, not upgraded. Fourth-quarter guidance keeps full-year revenue at $293 million-$295 million and Adjusted EBITDA at $30 million-$31 million, consistent with the low-teens growth framework established last quarter. The company also reported $28 million of operating cash flow through nine months and continued share repurchases, giving it room to fund product investment without a new financing.
Bottom line: This is a modestly better quarter than expected because profitability substantially exceeded the prior bar while revenue merely met it. It strengthens the turnaround’s execution case, but does not yet rewrite the company’s outlook because full-year guidance was reaffirmed rather than raised.
Q4 results and FY2026 close
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