---
schema_version: "secwatch.filing_event.v1"
accession: "0001846069-23-000121"
form_type: "8-K"
ticker: "NXDR"
cik: "0001846069"
company_name: "Nextdoor Holdings, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:22:35.828421+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nextdoor Q3 rev $56M (+4% YoY), cuts 25% workforce, CFO resigns

## Summary
- Q3 revenue $56M (+4% YoY); WAU 40.4M (+6% YoY, -3% QoQ); ARPU $1.39 (-2% YoY).
- Adj. EBITDA ($20M); Q4 rev guidance $50-52M; FY23 rev flat at $213-215M.
- Cost reduction plan: ~25% workforce reduction, ~$12M one-time charges, majority in Q4 2023.
- CFO Michael Doyle resigns effective Nov 7; Matt Anderson appointed as new CFO.

## SEC filing metadata
- accession: 0001846069-23-000121
- form_type: 8-K
- ticker: NXDR
- cik: 0001846069
- company_name: Nextdoor Holdings, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000121/0001846069-23-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000121/kind-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001846069-23-000121
- JSON: https://secwatch.observer/filing/0001846069-23-000121.json
- Plain text: https://secwatch.observer/filing/0001846069-23-000121.txt

## Key facts
- Earnings Releases
  Nextdoor Holdings, Inc. reported financial results for the third quarter ended September 30, 2023.
  - Period: the third quarter ended September 30, 2023
  - Result: reported results
  source text: On November 7, 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 third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000121/0001846069-23-000121-index.htm
- Executive change
  Matt Anderson was appointed as Chief Financial Officer at Nextdoor Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Board of Directors (the "Board") of the Company appointed Matt Anderson as the Company's Chief Financial Officer and principal financial officer, effective as of November 7, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000121/0001846069-23-000121-index.htm
- Executive change
  Michael Doyle departed as Chief Financial Officer at Nextdoor Holdings, Inc..
  - Action: resigns
  - Role: Chief Financial Officer
  source text: Michael Doyle will resign from his position as the Chief Financial Officer of the Company, effective on November 7, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000121/0001846069-23-000121-index.htm
- Restructurings & Charges
  Nextdoor Holdings, Inc. announced a restructuring with charges of approximately $12 million (approximately 25% of the Company’s full-time employees).
  - Type: restructuring
  - Charge: approximately $12 million
  - Headcount: approximately 25% of the Company’s full-time employees
  source text: The Company currently estimates that it will incur one-time charges of approximately $12 million in connection with the Cost Reduction Plan, consisting primarily of cash expenditures for notice period and severance payments, employee benefits, and related costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846069/000184606923000121/0001846069-23-000121-index.htm

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