Nextdoor (US:KIND)2025-11-05 21:11User Metrics - Platform Weekly Active Users (WAU) decreased by 3% to 21.6 million for the three months ended September 30, 2025, compared to 22.3 million in the same period of 2024[88][89]. Revenue - Revenue for the three months ended September 30, 2025, was $68.9 million, a 5% increase from $65.6 million in the same period of 2024[88][107]. - Revenue for the nine months ended September 30, 2025, was $188.2 million, a 3% increase from $182.0 million in the same period of 2024[88][108]. Average Revenue Per User - Average revenue per Platform WAU (ARPU) increased by 8% to $3.19 for the three months ended September 30, 2025, compared to $2.95 in the same period of 2024[88][91]. Expenses - Total costs and expenses for the three months ended September 30, 2025, were $86.1 million, a decrease of less than 1% compared to $86.4 million in the same period of 2024[88][105]. - Research and development expenses increased to $35.7 million for the three months ended September 30, 2025, compared to $31.9 million in the same period of 2024[105]. - Sales and marketing expenses decreased to $23.8 million for the three months ended September 30, 2025, compared to $26.2 million in the same period of 2024[105]. - General and administrative expenses decreased by $1.0 million, or 6%, for the three months ended September 30, 2025, primarily due to a $1.9 million decrease in personnel-related costs[115]. Net Loss - Net loss for the three months ended September 30, 2025, decreased by 14% to $12.9 million, compared to $14.9 million for the same period in 2024[88][105]. - The company experienced a net loss of $85.9 million for the nine months ended September 30, 2024, with significant non-cash charges including $54.2 million in stock-based compensation[137]. Cash and Securities - Cash, cash equivalents, and marketable securities totaled $403.3 million as of September 30, 2025[88]. - As of September 30, 2025, the company had cash and cash equivalents of $56.1 million and marketable securities of $347.2 million[142]. Cash Flow - Net cash used in operating activities during the nine months ended September 30, 2025, was $3.0 million, resulting from a net loss of $50.2 million[129]. - Cash used in operating activities for the nine months ended September 30, 2024 was $32.0 million, resulting from a net loss of $85.9 million adjusted for non-cash charges of $76.2 million[130]. - Cash provided by investing activities for the nine months ended September 30, 2024 was $93.4 million, consisting of proceeds from maturities of marketable securities of $158.4 million and sales of marketable securities of $138.4 million[132]. Share Repurchase - The company repurchased and retired 8,409,278 shares of Class A common stock at an average price of $1.72 per share for a total of $14.5 million during the nine months ended September 30, 2025[127]. Future Expectations - The company expects to incur significant research and development, sales and marketing, and general and administrative expenses over the next several years for business expansion[124]. Interest and Currency Risk - Interest income decreased by $1.2 million, or 20%, for the three months ended September 30, 2025, driven by lower returns on marketable securities[117]. - The company has not had a formal hedging program for foreign currency but may consider it if exposure increases[143]. - The company’s revenue is primarily denominated in U.S. Dollars, minimizing significant foreign currency risk[143]. - A hypothetical 100 basis point change in interest rates would not materially affect the fair value of the company's investment portfolio[142].