Nextdoor Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
NXDR$2.01-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(98,063) | $(147,765) | $(137,916) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 3,898 | 5,769 | 5,656 |
| Stock-based compensation | 74,055 | 83,025 | 64,420 |
| Non-cash impairment charges related to lease abandonment | 22,760 | — | — |
| Accretion of investments | (5,458) | (8,607) | 151 |
| Other | 622 | (301) | (2,251) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (5,149) | 3,491 | (168) |
| Prepaid expenses and other assets | 30 | 3,399 | 3,751 |
| Operating lease right-of-use assets | 3,729 | 4,694 | 6,867 |
| Accounts payable | (1,646) | (2,640) | (1,578) |
| Operating lease liabilities | (6,925) | (5,676) | (7,132) |
| Accrued expenses and other liabilities | (8,055) | 5,338 | 7,697 |
| Net cash used in operating activities | (20,202) | (59,273) | (60,503) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (404) | (267) | (3,161) |
| Purchases of marketable securities | (289,794) | (590,610) | (711,887) |
| Sales of marketable securities | 185,604 | 155,418 | 10,789 |
| Maturities of marketable securities | 198,520 | 504,449 | 366,811 |
| Loan to Opportunity Finance Network | (7,500) | (2,500) | (5,000) |
| Net cash provided by (used in) investing activities | 86,426 | 66,490 | (342,448) |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options, net of repurchases | 13,336 | 7,181 | 12,463 |
| Proceeds from issuance of common stock under employee stock purchase plan | 1,075 | 2,008 | 1,430 |
| Payment of transaction costs related to the reverse recapitalization | — | — | (314) |
| Tax withholdings from stock-based awards | (19,916) | (273) | (695) |
| Repurchase of common stock | (75,530) | — | (77,232) |
| Net cash provided by (used in) financing activities | (81,035) | 8,916 | (64,348) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 128 | 35 | 723 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (14,683) | 16,168 | (466,576) |
| Cash, cash equivalents, and restricted cash at beginning of period | 71,404 | 55,236 | 521,812 |
| Cash, cash equivalents, and restricted cash at end of period | $56,721 | $71,404 | $55,236 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets: | |||
| Cash and cash equivalents | $45,550 | $60,233 | $55,236 |
| Restricted cash, non-current | 11,171 | 11,171 | — |
| Total cash, cash equivalents, and restricted cash | $56,721 | $71,404 | $55,236 |
| Supplemental cash flow disclosures: | |||
| Cash paid for taxes | $1,003 | $2,407 | $1,201 |
| Non-cash investing and financing activities: | |||
| Vesting of restricted stock and early exercised stock options | $— | $174 | $5,280 |
| Lease liabilities arising from obtaining right-of-use assets | $— | $10,665 | $— |
| Remeasurement of operating lease liability and right-of-use asset | $(18,915) | $— | $— |
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