Nextdoor Holdings, Inc.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 18, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net loss | $(54,204) | $(98,063) | $(147,765) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 1,935 | 3,898 | 5,769 |
| Stock-based compensation | 65,343 | 74,055 | 83,025 |
| Non-cash impairment charges related to lease abandonment | — | 22,760 | — |
| Accretion of investments | (2,307) | (5,458) | (8,607) |
| Other | (145) | 622 | (301) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (3,212) | (5,149) | 3,491 |
| Prepaid expenses and other assets | 1,164 | 30 | 3,399 |
| Operating lease right-of-use assets | 2,872 | 3,729 | 4,694 |
| Accounts payable | 2,219 | (1,646) | (2,640) |
| Operating lease liabilities | (8,495) | (6,925) | (5,676) |
| Accrued expenses and other liabilities | 1,301 | (8,055) | 5,338 |
| Net cash provided by (used in) operating activities | 6,471 | (20,202) | (59,273) |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (580) | (404) | (267) |
| Purchases of marketable securities | (292,164) | (289,794) | (590,610) |
| Sales of marketable securities | 141,944 | 185,604 | 155,418 |
| Maturities of marketable securities | 193,371 | 198,520 | 504,449 |
| Loan to Opportunity Finance Network | — | (7,500) | (2,500) |
| Net cash provided by investing activities | 42,571 | 86,426 | 66,490 |
| Cash flows from financing activities | |||
| Proceeds from issuance of common stock upon exercise of stock options | 2,641 | 13,336 | 7,181 |
| Proceeds from issuance of common stock under employee stock purchase plan | 1,325 | 1,075 | 2,008 |
| Tax withholdings on release of restricted stock units | (19,065) | (19,916) | (273) |
| Repurchase of common stock | (18,891) | (75,530) | — |
| Net cash provided by (used in) financing activities | (33,990) | (81,035) | 8,916 |
| Effect of exchange rate changes on cash and cash equivalents | (53) | 128 | 35 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 14,999 | (14,683) | 16,168 |
| Cash, cash equivalents, and restricted cash at beginning of period | 56,721 | 71,404 | 55,236 |
| Cash, cash equivalents, and restricted cash at end of period | $71,720 | $56,721 | $71,404 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | |||
| Cash and cash equivalents | $63,341 | $45,550 | $60,233 |
| Restricted cash, non-current | 8,379 | 11,171 | 11,171 |
| Total cash, cash equivalents, and restricted cash | $71,720 | $56,721 | $71,404 |
| Supplemental cash flow disclosures | |||
| Cash paid for taxes | $533 | $1,003 | $2,407 |
| Non-cash investing and financing activities: | |||
| Vesting of restricted stock and early exercised stock options | $— | $— | $174 |
| 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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