Nextdoor (NXDR) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue grew 14% year-over-year to $62 million, marking the strongest Q1 in company history, with platform weekly active users reaching an all-time high of 22.3 million, up 1% year-over-year and 6% sequentially.

• Net loss narrowed to $11 million (19% margin), a 22 percentage point improvement year-over-year, and adjusted EBITDA loss improved to $0.2 million from $9.2 million, reflecting significant margin gains.

• Product investments and AI-powered features, such as threaded conversations and Opportunity Alerts, drove higher engagement and new monetization pathways.

• Cash, cash equivalents, and marketable securities totaled $373 million at quarter-end, with no debt.

Financial highlights

• Q1 2026 revenue: $62 million, up 14% year-over-year, exceeding guidance and driven by strong self-serve advertiser demand.

• Adjusted EBITDA loss: $0.2 million, a $9 million year-over-year improvement, with margin up 17 percentage points.

• Net loss: $11.4 million, improved from $22 million in Q1 2025, with net loss margin improving to (19%) from (41%).

• Revenue per employee increased 31% year-over-year to $530,000.

• Self-serve ad channel grew 28% year-over-year, now 68% of total revenue.

Outlook and guidance

• Q2 2026 revenue guidance: $71–$73 million; adjusted EBITDA: $4–$6 million, with margin of 4%–7% and 11% year-over-year growth.

• Full-year 2026 outlook raised to approximately 10% revenue growth and high single-digit adjusted EBITDA margin.

• Management expects continued investment in growth, user engagement, monetization, and product enhancements, with ongoing net losses as expansion continues.