Nextdoor (NXDR) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue grew 14% year-over-year to $62 million, marking the strongest Q1 revenue in company history, driven by increased advertiser spending and a 1% rise in weekly active users to an all-time high of 22.3 million, up 6% sequentially and 1% year-over-year.

• Net loss narrowed to $11 million (19% margin), a 22-point improvement year-over-year, and adjusted EBITDA loss improved to $0.2 million from $9.2 million, reflecting significant margin gains.

• Product investments and AI-powered features, such as threaded conversations, pinned comments, and content curation, drove higher engagement and monetization.

• Cash, cash equivalents, and marketable securities totaled $373 million at quarter-end, with no debt.

Financial highlights

• Q1 2026 revenue was $62 million, up 14% year-over-year, with self-serve ad channel growing 28% and comprising 68% of total revenue.

• Net loss for Q1 2026 was $11.4 million, improved from $22 million in Q1 2025.

• Adjusted EBITDA loss was $0.2 million, a significant improvement from $9.2 million loss in Q1 2025.

• Revenue per employee increased 31% year-over-year.

• Gross margin was 82% and operating margin was -25%.

Outlook and guidance

• Q2 2026 revenue guidance is $71–$73 million, with adjusted EBITDA of $4–$6 million and margin of 4%–7%, up 9 percentage points year-over-year.

• Full-year 2026 outlook raised to approximately 10% revenue growth and high single-digit adjusted EBITDA margin.

• Management expects continued investment in growth, user engagement, and product enhancements, with ongoing net losses anticipated.