Nextdoor Q2 CY2025 Results: Revenue Beats Expectations, but Cash Flow Concerns Persist

Nextdoor (NYSE:KIND) reported Q2 CY2025 revenue of $65.09 million, up 2.8% YoY, beating analyst estimates by 6.1%. The company's adjusted EBITDA was -$2.25 million, a 77.1% beat, and operating margin improved to -31.1%. Nextdoor's revenue growth has been sluggish, with a 4.8% compounded annual growth rate over the last three years. The company's free cash flow margin has averaged negative 13%, indicating significant reinvestments and limiting its ability to return capital to investors.