Nextdoor Holdings, Inc. Stock Research

Market Summary

USD2.03+0.03

Market Closed

1.50%

KIND Alerts

Big fall in Revenue (Y/Y)
Losses in recent quarter

KIND Stock Price

KIND RSI Chart

KIND Valuation

Market Cap

766.8M

Price/Earnings (Trailing)

-5.56

Price/Sales (Trailing)

3.6

EV/EBITDA

-5.45

Price/Free Cashflow

-12.05

KIND Price/Sales (Trailing)

KIND Profitability

Operating Margin

81.68%

EBT Margin

-64.03%

Return on Equity

-22.57%

Return on Assets

-19.71%

Free Cashflow Yield

-8.3%

KIND Fundamentals

KIND Revenue

Revenue (TTM)

212.8M

Revenue Y/Y

-10.21%

Revenue Q/Q

-1.27%

KIND Earnings

Earnings (TTM)

-137.9M

Earnings Y/Y

-13.93%

Earnings Q/Q

3.77%

Price Action

52 Week Range

1.824.03

(Low)(High)

Last 7 days

-0.5%

Last 30 days

-6.9%

Last 90 days

4.1%

Trailing 12 Months

-68.6%

KIND Financial Health

Current Ratio

18.04

KIND Investor Care

Shares Dilution (1Y)

255.08%

Diluted EPS (TTM)

-0.36

Financials for Nextdoor Holdings

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-2.8%	212,765,000	218,822,000	217,573,000	208,810,000	192,197,000
S&GA Expenses	0.6%	123,182,000	122,420,000	120,868,000	114,597,000	106,430,000
R&D Expenses	3.7%	127,073,000	122,541,000	114,604,000	105,236,000	97,096,000
EBITDA	-1.8%	-130,587,000	-128,251,000	-90,262,626	-80,907,529	-90,996,000
EBITDA Margin	-4.7%	-0.61	-0.59	-0.41	-0.42	-0.47
Earnings Before Taxes	-2.1%	-136,243,000	-133,390,000	-118,328,000	-102,987,000	-95,168,000
EBT Margin	-5.0%	-0.64	-0.61	-0.44	-0.44	-0.50
Net Income	-3.1%	-137,916,000	-133,831,000	-118,477,000	-103,133,000	-95,325,000
Net Income Margin	-6.0%	-0.65	-0.61	-0.54	-0.44	-0.50
Free Cahsflow	-3.1%	-63,664,000	-61,724,000	-57,597,000	-63,061,423	-60,114,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-2.0%	700	714	793	822	840
Current Assets	-2.6%	625	642	720	746	762
Cash Equivalents	-39.1%	55.00	91.00	40.00	208	522
Net PPE	-6.4%	12.00	13.00	12.00	13.00	13.00
Goodwill	0%	1.00	1.00	1.00	1.00	1.00
Liabilities	-2.2%	88.00	90.00	92.00	95.00	95.00
Current Liabilities	0.1%	35.00	35.00	34.00	35.00	34.00
Shareholder's Equity	-2.0%	611	623	701	728	745
Retained Earnings	-5.7%	-618	-584	-550	-513	-480
Additional Paid-In Capital	1.6%	1,231	1,212	1,255	1,243	1,226
Accumulated Depreciation	-	4.00	-	-	-	-
Shares Outstanding	-1.9%	378	385	382	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-2.9%	-60.50	-58.78	-53.80	-48.03	-51.27
Share Based Compensation	-4.6%	64.00	68.00	61.00	52.00	48.00
Cashflow From Investing	28.6%	-342	-479	-597	-470	-149
Cashflow From Financing	-111.4%	-64.35	562	612	636	638
Buy Backs	-25.0%	77.00	103	14.00	0.00	-

Risks for KIND

What is the probability of a big loss on KIND?

61.3%

Probability that Nextdoor Holdings stock will be more than 20% underwater in next one year

59.1%

Probability that Nextdoor Holdings stock will be more than 30% underwater in next one year.

55.9%

Probability that Nextdoor Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does KIND drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Nextdoor Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for KIND

Cumulative Returns on KIND

Which funds bought or sold KIND recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.04	-8,595	24,405	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-2,000	5,000	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	new	-	2,081	2,081	-%
2023-02-17	Coppell Advisory Solutions Corp.	new	-	412	412	-%
2023-02-17	TRUIST FINANCIAL CORP	sold off	-100	-112,000	-	-%
2023-02-15	Cerity Partners LLC	new	-	30,313	30,313	-%
2023-02-15	Steward Partners Investment Advisory, LLC	unchanged	-	-940	2,060	-%
2023-02-15	JANE STREET GROUP, LLC	added	75.76	22,057	97,057	-%
2023-02-14	D. E. Shaw & Co., Inc.	added	186	59,300	113,300	-%
2023-02-14	Redpoint Management, LLC	added	0.03	-3,123,200	8,822,800	2.15%

Latest Funds Activity

Are funds buying KIND calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own KIND

No. of Funds

Nextdoor Holdings News

Schedule 13G FIlings of Nextdoor Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	meritech capital partners v l.p.	2.7%	4,101,655	SC 13G/A
Feb 14, 2023	redpoint omega ii, l.p.	1.1%	4,154,422	SC 13G/A
Feb 13, 2023	capital world investors	4.5%	6,859,318	SC 13G/A
Feb 09, 2023	vanguard group inc	7.07%	10,698,426	SC 13G
Aug 23, 2022	greylock xiii limited partnership	0.01%	8,490	SC 13D/A
Aug 17, 2022	greylock xiii limited partnership	0.01%	8,490	SC 13D/A
Jun 09, 2022	bond capital associates, llc	6.8%	8,344,359	SC 13D/A
Jun 08, 2022	greylock xiii limited partnership	0.01%	8,490	SC 13D/A
Feb 14, 2022	redpoint omega ii, l.p.	1.1%	4,281,549	SC 13G
Feb 14, 2022	683 capital management, llc	0%	0	SC 13G/A

KIND Fair Value

Recent SEC filings of Nextdoor Holdings

View All Filings

Date Filed	Form Type	Document
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Feb 28, 2023	S-8	Employee Benefits Plan
Feb 28, 2023	8-K	Current Report
Feb 28, 2023	10-K	Annual Report
Feb 21, 2023	4	Insider Trading
Feb 17, 2023	8-K	Current Report
Feb 14, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for KIND

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-16	Orta John	sold	-5,775	2.31	-2,500	head of legal and secretary
2022-08-19	Greylock 16 GP LLC	bought	81,099	3.3129	24,480	-
2022-08-19	Greylock 16 GP LLC	bought	2,280,930	3.3129	688,500	-
2022-08-19	Greylock 16 GP LLC	bought	172,337	3.3129	52,020	-
2022-08-19	Sze David L	bought	2,534,370	3.3129	765,000	-
2022-08-18	Sze David L	bought	1,356,800	3.392	400,000	-
2022-08-18	Greylock 16 GP LLC	bought	92,262	3.392	27,200	-
2022-08-18	Greylock 16 GP LLC	bought	1,221,120	3.392	360,000	-
2022-08-18	Greylock 16 GP LLC	bought	43,417	3.392	12,800	-
2022-08-17	Sze David L	bought	1,661,600	3.3232	500,000	-

About Nextdoor Holdings

Sarah J. Friar

nextdoor.com

600

Nextdoor Holdings, Inc. operates as the neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. It enables small and mid-sized businesses, large brands, public agencies, and nonprofits to receive information, give and get help, and build connections. The company is headquartered in San Francisco, California.

KIND Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 212,765	$ 192,197	$ 123,284
Costs and expenses:
Cost of revenue	38,981	28,813	21,586
Research and development	127,073	97,096	69,231
Sales and marketing	123,182	106,430	80,325
General and administrative	67,733	54,664	28,793
Total costs and expenses	356,969	287,003	199,935
Loss from operations	(144,204)	(94,806)	(76,651)
Interest income	9,304	177	727
Other income (expense), net	(1,343)	(539)	817
Loss before income taxes	(136,243)	(95,168)	(75,107)
Provision for income taxes	1,673	157	127
Net loss	$ (137,916)	$ (95,325)	$ (75,234)
Net income (loss) per share attributable to common stockholders, basic (in USD per share)	$ (0.36)	$ (0.65)	$ (0.83)
Net income (loss) per share attributable to common stockholders, diluted (in USD per share)	$ (0.36)	$ (0.65)	$ (0.83)
Weighted average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	378,731	146,337	90,190
Weighted average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	378,731	146,337	90,190

KIND Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 55,236	$ 521,812
Marketable securities	528,067	193,999
Accounts receivable, net of allowance of $422 and $425 as of December 31, 2022 and 2021, respectively	29,770	29,673
Prepaid expenses and other current assets	12,185	16,259
Total current assets	625,258	761,743
Property and equipment, net	11,818	12,545
Operating lease right-of-use assets	52,555	59,422
Intangible assets, net	3,067	4,835
Goodwill	1,211	1,211
Other assets	5,653	330
Total assets	699,562	840,086
Current liabilities:
Accounts payable	4,535	6,163
Operating lease liabilities, current	7,766	7,131
Liability for unvested restricted stock	0	4,765
Accrued expenses and other current liabilities	22,362	15,444
Total current liabilities	34,663	33,503
Operating lease liabilities, non-current	53,831	61,598
Total liabilities	88,494	95,101
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.0001 par value; 50,000 shares authorized; no shares issued or outstanding as of December 31, 2022 and 2021	0	0
Additional paid-in capital	1,231,482	1,225,815
Accumulated other comprehensive loss	(2,196)	(529)
Accumulated deficit	(618,255)	(480,339)
Total stockholders' equity	611,068	744,985
Total liabilities and stockholders' equity	699,562	840,086
Class A Common Stock
Stockholders' equity:
Common stock	15	8
Class B Common Stock
Stockholders' equity:
Common stock	$ 22	$ 30