Quality Investor

Nextdoor Holdings, Inc.

Rank #92Startup

NXDR · NYSE · Communication Services

Nextdoor Holdings, Inc. (NXDR) — Rank #92 by gross profitability (GP/assets 0.47) · ROE -13.2% · Piotroski F-Score 5 / 9.

As-of 2026-09-15 · CIK 0001846069 · all metrics point-in-time as of the filing date.

About

Nextdoor Holdings, Inc. operates a neighborhood network that connects neighbors, businesses, and public agencies in the United States and internationally.

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The company provides local news, events, relevant discussions, and exchange goods and services, as well as discovers and supports local businesses. It operates in 11 countries.

The company is headquartered in San Francisco, California.

Industry
Internet Content & Information
Sector
Communication Services
State
DE
Filer Category
Accelerated filer
Fiscal Year End
December 31

Price History

NXDR-82.6% · -30.4% CAGRSPY+73.8% · +12.2% CAGR

Company Snapshot

P/S is the primary valuation lens for pre-profit companies.

Market Cap

$917.24M

P/E (annual)

P/S (annual)

3.6

P/B

2.2

P/OCF (annual)

141.7

Shareholder Yield

-0.3%

Employees

463

Industry

Internet Content & Information

Exchange

NYSE

Signal Flags

1 green
Deferred revenue growingRevenue and deferred revenue both growing — retention signal

Quality Profile

Profitability

1/1 pass
GP / assets
0.47
Return on equity
-13.2%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.12
Current ratio
13.27×
Net cash
$377.97M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
25.4%

Growth

2/2 pass
Revenue growth
4.2%
Piotroski F-Score
5 / 9
Share dilution
0.3%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

36.5%

stretched

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 0.3% — per-share value needs a total required return of 36.8% once share-count change is priced in.

vs. own 6-year median revenue growth: 12.0%

priced above its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

30.6%

r = 10% (base)

36.5%

r = 12%

41.6%

Net debt / market cap: -40.7%

Note: current FCF margin is 1.6σ above its historical mean — implied growth may understate valuation risk if the margin reverts.

Base FCF: $5.9M3Y mean FCF: -$24.8M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / S

Price / revenue per share

2.5xCheap
2.5xmed 3.8x4.1x

P / B

Price / book value per share

1.5xExpensive
1.1xmed 1.4x2.1x

P / GP

Price / gross profit per share

2.9xCheap
2.9xmed 4.6x4.8x

Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.

Profitability

Gross profitability (GP / assets)

0.47

Primary signal (Novy-Marx).

6th of 14 SIC 7370 peers

Return on equity

-13.2%

Gross margin

84.1%

3rd of 14 SIC 7370 peers

Revenue growth (YoY)

4.2%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

6.6%

Revenue CAGR (5Y)

15.9%

Earnings CAGR (3Y)

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.12

1st of 13 SIC 7370 peers (best = lowest)

Current ratio

13.27×

1st of 14 SIC 7370 peers

Quick ratio

12.96×

Net cash

$377.97M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$5.89M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

1.11

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

25.4%

Stock-based comp intensity.

Piotroski F-Score

F-Score

5 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Hypergrowth
Startup