Nextdoor Q1 revenue $54M, net loss narrows; new user experience by July 2025

Nextdoor Holdings, Inc.

2025-Q1 EPS reported -$0.06 revenue$54,176,000

Q1 revenue $54M (+2% YoY); WAU 46.1M (+6% YoY).
GAAP net loss $22M vs. $28M year ago; adjusted EBITDA loss $9M vs. $14M.
Cash and marketable securities $418M as of March 31, 2025.
CEO expects completely new user experience to launch by late July 2025.
Net loss margin improved to -41% from -53%; adjusted EBITDA margin -17% vs. -26%.

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