Nextdoor (NXDR) Q4 2025 earnings summary

Executive summary

• Q4 2025 revenue reached $69 million, up 7% year-over-year, marking the strongest quarter ever and the highest Q4 revenue in company history.

• Full-year 2025 revenue was $258 million, a 4% increase year-over-year.

• Net loss for Q4 was $4 million (-6% margin), a 13-point year-over-year improvement, with full-year net loss improving to $54 million from $98 million.

• Achieved first-ever positive full-year Adjusted EBITDA of $1 million, compared to a loss of $18 million last year, and $8 million Adjusted EBITDA in Q4 (11% margin), up 6 points year-over-year.

• Platform Weekly Active Users (WAU) for Q4 were 21 million, down 5% year-over-year and 3% sequentially, attributed to prioritizing engagement quality and notification moderation.

Financial highlights

• Q4 2025 revenue: $69 million (+7% y/y); full-year 2025 revenue: $258 million (+4% y/y).

• Q4 GAAP net loss was $4 million (-6% margin); full-year net loss: $54 million (-21% margin), both showing significant improvement from prior year.

• Q4 Adjusted EBITDA was $8 million (11% margin), up from $3 million in the prior year; full-year Adjusted EBITDA was $1 million.

• Revenue per employee increased 26% year-over-year in Q4 to $603,000.

• Ended 2025 with $405 million in cash, cash equivalents, and marketable securities, and no debt.

Outlook and guidance

• Q1 2026 revenue expected between $57 million and $59 million, representing 7% year-over-year growth at midpoint.

• Q1 2026 adjusted EBITDA guidance is -$6 million to -$4 million (-9% margin at midpoint), reflecting normal seasonality and focus on engagement quality.

• Full-year 2026 expected to deliver continued revenue growth and adjusted EBITDA margins in the mid-single-digit range.

• Q1 2026 focus on user experience, limiting new user acquisition and not increasing ad load.