Aug. 7 at 8:40 PM
$NXDR Here's a detailed summary of Nextdoor's Q2 2025 earnings report released today:
Financial Highlights
Revenue:
$65 million, up 3% year-over-year
GAAP Net Loss:
$15 million, significantly improved from
$43 million in Q2 2024
Adjusted EBITDA Loss:
$2 million, showing a 6-point margin improvement year-over-year
Operating Cash Flow: Positive
$3 million for the third consecutive quarter
Cash & Equivalents:
$413 million as of June 30, 2025
User Metrics
Weekly Active Users (WAU): 21.8 million, a 1% increase year-over-year
Strategic Updates
Restructuring Plan: Includes workforce reduction to cut annualized operating expenses by ~
$30 million
Profitability Goals:
Targeting adjusted EBITDA breakeven in Q4 2025
Full-year adjusted EBITDA breakeven expected in FY 2026
Leadership Changes
CFO Transition: Matthew Anderson will resign as CFO effective September 1, 2025, but will stay on as an advisor through year-end
New Appointment: Craig Lisowski named President of Products
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