Nextdoor Holdings, Inc. (NXDR) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
0mins
Should l Buy NXDR?
Source: SeekingAlpha
Revenue $69 million, up 5% year-over-year, driven by strong demand from self-serve advertisers and improvements in ARPU (up 8% year-over-year) despite reduced ad load.
Self-serve revenue Grew 33% year-over-year, making up roughly 60% of total revenue, attributed to higher click-through rates, lower cost per click, and increased active customer base and advertiser spend.
Platform WAU (Weekly Active Users) $21.6 million, a modest sequential decline due to an intentional decision to reduce notification and email volumes, focusing on engagement quality over quantity.
GAAP net loss $13 million for Q3, reflecting ongoing operational costs.
Adjusted EBITDA $4 million, a positive 6% margin, representing an 8-point year-over-year improvement, driven by strong revenue performance and operational efficiency.
Revenue per employee Increased 21% year-to-date, indicating improved productivity.
Cash, cash equivalents, and marketable securities $403 million at quarter end, with 0 debt, showcasing a strong liquidity position.
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Analyst Views on NXDR
About NXDR
Nextdoor Holdings, Inc. is the essential neighborhood network. The Company builds technology to foster local community, and brands and businesses of all sizes use its advertising platform to engage with neighborhoods at scale. Its Nextdoor platform is used by neighbors, businesses, and public agencies in approximately 11 different countries to foster more engaged communities. Neighbors use Nextdoor to stay informed on local news, events, and relevant discussions, discover and support local businesses, and exchange goods and services. Businesses leverage Nextdoor to connect with these engaged communities through business pages and targeted advertising, while public agencies rely on the platform to share real-time updates, critical alerts, and pertinent information. The Company offers a suite of advertising solutions designed to deliver value for businesses of all sizes. Its advertising solutions include Hyperlocal Targeting, Diverse Ad Formats, and Brand Safety and Trust.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rising Fee Trends: The median monthly HOA dues reached $135 in 2022, up from $108 in 2019, and as housing and service costs rise, these fees pose an additional burden for potential buyers, influencing their purchasing decisions.
- Regional Disparities: The prevalence of homeowners' associations varies significantly by region, with 42% of households in Colorado paying HOA fees, reflecting the interplay between concentrated new development and local policies that shape buyer choices.
- Limited Market Impact: Despite the increase in homeowners' associations, their effect on home sales remains minimal, as studies indicate that HOA status had little impact on how long homes stayed on the market, suggesting a generally neutral attitude among buyers towards HOAs.
See More
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- Market Insight Observations: Gurley emphasizes that the key to success lies in clearly observing current market dynamics rather than merely predicting the future, a method that has enabled him to identify potential investment opportunities in the competitive tech industry.
- Entrepreneurial Traits Analysis: He points out that successful founders need not only excellent sales skills but also sharp product instincts, and only when these two align with market demand can success be achieved, reflecting the concept of asymmetric risk in venture capital.
- Industry Outlook Perspective: Gurley believes that the rapid advancement of AI technology presents unprecedented market opportunities for emerging companies, but also faces pressure from capital markets, suggesting potential industry consolidation and price adjustments in the future, urging investors to remain vigilant.
See More
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- New Stock Recommendation: Jackson recently identified a specific AI stock as the most undervalued agentic AI stock in the market, indicating strong confidence in the sector, which may prompt investors to reassess and invest in AI-related companies.
- Market Reaction Expectations: Following the video's release, investors may respond positively to Jackson's recommendation, potentially increasing trading volume and price volatility for the stock, thereby influencing overall market sentiment and investment strategies.
- Future Outlook: Jackson's analysis and predictions could not only impact short-term stock prices but also reshape investor perceptions of AI stocks in the long run, fostering capital inflow and innovation within the sector.
See More
Eric Jackson Identifies Undervalued AI Stock with Huge Potential
- Jackson's Predictions: Eric Jackson gained prominence in the investment community with his accurate 100-bagger prediction for Carvana and a 10X outlook for Opendoor, and he has recently identified another undervalued agentic AI stock, showcasing his keen market insight.
- Market Performance: The stock mentioned in Jackson's latest video is considered the most undervalued agentic AI stock in the market, which could attract investor attention and further enhance its market performance and investor confidence.
- Investment Advice: The absence of Nextdoor from the analyst team's list of 10 best stocks indicates a cautious outlook on its future performance, reflecting investor preference for other potential stocks, which may impact Nextdoor's stock price trajectory.
- Historical Returns: The Motley Fool Stock Advisor boasts an average return of 968%, significantly outperforming the S&P 500's 197%, indicating that the stocks they recommend hold substantial investment value, prompting investors to focus on these potential winners for higher returns.
See More
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- Alert Service Expansion: Nextdoor has integrated real-time earthquake data from the U.S. Geological Survey (USGS), delivering 3.7 million alerts since its launch in July 2025, representing a 400% increase, which significantly enhances neighborhood communication and safety awareness.
- Real-Time Interaction Feature: This integration allows neighbors to engage in real-time conversations on the Nextdoor platform after receiving earthquake alerts, not only enhancing community interaction but also improving neighbors' preparedness during disasters.
- Public Agency Collaboration: The Nextdoor Alerts Map is now available for public agency partners, enabling them to monitor and engage with alert information in real-time, thereby promoting transparency and interaction between communities and officials regarding public safety information.
- Strategic Investment Commitment: Nextdoor's CEO emphasized that integrating USGS alert data exemplifies the company's ongoing commitment to providing reliable, real-time safety information, aimed at helping neighbors make informed decisions before, during, and after disasters, thereby enhancing the platform's social value.
See More
Eric Jackson Declares Nextdoor Stock as His Latest '100-Bagger' Investment
Eric Jackson's New Investment Pick: Eric Jackson, known for his successful investment in Opendoor Technologies, has identified Nextdoor Holdings as his next high-potential stock, labeling it the "most mispriced Agentic-AI platform of the 2020s," which has led to a significant increase in its stock price.
Thesis on Nextdoor's Value: Jackson argues that Nextdoor possesses a unique "identity graph" that connects verified users to physical addresses, making it a valuable asset in the emerging AI landscape, with potential stock value estimates reaching upwards of $370.
Speculative Nature and Risks: Despite the excitement surrounding Nextdoor, the stock remains speculative, with only one analyst covering it and concerns about the company's ability to monetize its user base effectively, as it has never reported a profitable quarter.
Current Stock Performance: As of the latest report, Nextdoor's stock was trading at approximately $3.15, reflecting a 24.51% increase, although it faces challenges in transitioning from a neighborhood app to a key player in the AI economy.
See More
