---
schema_version: "secwatch.filing_event.v1"
accession: "0001846069-23-000027"
form_type: "8-K"
ticker: "NXDR"
cik: "0001846069"
company_name: "Nextdoor Holdings, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:58:40.976445+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nextdoor Q1 revenue $50M down 2% YoY; WAU grows 16% to 42.4M

## Summary
- Q1 revenue $50M, down 2% YoY; net loss $34M (68% margin) vs $33M loss a year ago.
- Adjusted EBITDA loss $22M (44% margin); Q2 revenue guidance $53-54M, adj. EBITDA loss $23-24M.
- Weekly Active Users 42.4M, up 16% YoY and 6% QoQ; ARPU $1.17 declined 16% YoY.
- Cash and investments $575M; operating cash used $14M in Q1 vs $6M a year ago.
- Management sees improving growth trends; expects to return to full-year revenue growth.

## SEC filing metadata
- accession: 0001846069-23-000027
- form_type: 8-K
- ticker: NXDR
- cik: 0001846069
- company_name: Nextdoor Holdings, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000027/0001846069-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000027/kind-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001846069-23-000027
- JSON: https://secwatch.observer/filing/0001846069-23-000027.json
- Plain text: https://secwatch.observer/filing/0001846069-23-000027.txt

## Key facts
- Earnings Releases
  Nextdoor Holdings, Inc. reported financial results for first quarter ended March 31, 2023.
  - Period: first quarter ended March 31, 2023
  - Result: reported results
  source text: On May 9, 2023, Nextdoor Holdings, Inc. (the “Company”) issued a letter to shareholders and press release (together, the “Letter and Press Release”) announcing its financial results for the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000027/0001846069-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.