Plutux
$2.28
+3.64%
2026-09-02 16:00:03 EDT+$0.08
Communication Services
Internet Content & Information
NYSE
Active Trading

Nextdoor Holdings, Inc. functions as an umbrella organization that operates a social networking platform specifically designed to connect residents with local businesses. ...

Price Action

$2.28
+3.64%+$0.08
High
Low
52W High-38.7%
Rel. vol
Interval
Range6.3h
VolumeSMA5SMA10
Nextdoor Holdings, Inc. is an American technology company that operates a hyperlocal social networking service designed to connect residents within specific neighborhoods. The platform enables neighbors to share information, recommendations, safety alerts, and local news, fostering community engagement. As of 2023, Nextdoor claims over 100 million users across 350,000 neighborhoods ...Nextdoor Holdings, Inc. is an American technology company that operates a hyperlocal social networking service designed to connect residents within specific neighborhoods. The platform enables neighbors to share information, recommendations, safety alerts, and local news, fostering community engagement. As of 2023, Nextdoor claims over 100 million users across 350,000 neighborhoods in 11 countries. The company was co-founded by Nirav Tolia, Sarah Leary, Prakash Janakiraman, and David Wiesen in 2008, and it launched publicly in the United States in October 2011. Nextdoor went public via a SPAC merger on November 8, 2021, listing on the New York Stock Exchange under the ticker NXDR. The company generates revenue primarily through advertising, offering businesses the ability to target local audiences. In terms of financials, Nextdoor has seen steady revenue growth, reaching approximately $218 million in 2023, but has yet to achieve profitability, with a net loss margin of -11.1% TTM. The company employs around 648 people as of 2023, down from a previous high, reflecting strategic cost-cutting. Key leadership includes CEO Nirav Tolia, who returned as CEO in 2024 after previously stepping down. Nextdoor invests heavily in research and development, with R&D expenses accounting for about 48% of revenue, focusing on product improvements, AI-driven personalization, and safety features. Despite challenges, Nextdoor remains a significant player in the social networking space, leveraging its unique hyperlocal focus. The company's mission emphasizes building kinder, more connected communities, and it continues to expand its offerings, including partnerships with local governments and public agencies. However, it faces competition from other social platforms and struggles with user engagement and monetization. With a market cap of approximately $986 million, Nextdoor's stock has been volatile, trading between $1.33 and $3.72 over the past year. The company's balance sheet remains strong with $378 million in cash and minimal debt, providing a cushion for future investments. Looking ahead, Nextdoor aims to enhance its platform through AI and expand internationally, while also focusing on improving user experience and engagement to drive advertising revenue.
Founded
2008
Employees
463
CEO
Nirav N. Tolia
Full Name
Nextdoor Holdings, Inc.
Sector
Communication Services
Industry
Internet Content & Information
ROE
-7.27%
Market Cap
$0.88B
Current Ratio
13.27
WACC
10.60%
ROIC
-9.83%

Contact Information

415-344-0333
420 Taylor Street, San Francisco, CA 94102

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