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Update - July 25, 2025 Nextdoor surged following the launch of the NEXT platform and switch of the ticker to "NXDR", but the stock has sold off the last 4 days providing an ideal entry point.  Original article posted on June 4 Nextdoor Holdings, Inc. trades near cash value, presenting a compelling risk/reward as it prepares to launch its transformative NEXT platform. Management paused monetization and user growth to focus on NEXT, temporarily depressing revenue but setting up for a major turnaround. NEXT aims to deliver hyper-local content, professional news, and AI-driven recommendations, addressing past engagement and monetization challenges. The stock trades at less than 1x EV/S targets due to a strong cash position, limiting downside risk while the upcoming platform relaunch offers significant upside potential. Just as  Nextdoor Holdings, Inc.  ( KIND ) is set to launch a new user interface, the stock trades at all-time lows. Despite a promising turnaround in place, t...

Update - Feb. 28, 2025 Nextdoor reported another strong quarter.  Q4 Revenue of $65.23M (+17.4% Y/Y)  beats by $2.11M . Adjusted EBITDA was $3.0 million, compared to a $14.0 million loss in the year-ago period, reflecting 30 percentage points of year-over-year margin improvement. The social media company guided to weak Q1 results due to going full speed ahead with the NEXT UI updates. This is great news for  investors, but the stock is down some 30% due to the markets short-term focus.  The stock trades at near cash value of $427 million.  Originally posted on Nov. 8 Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Nextdoor has achieved a significant turnaround under the return of founding CEO Nirav Tolia, with 17% revenue growth and record WAUs. The company nearly eliminated losses, reporting a Q3 adjusted EBITDA loss of just $1 million, and expects to be cas...

  Nextdoor Holdings, Inc. is experiencing reinvigorated growth with the return of its founding CEO. The company should exit the year with a 10%+ sales growth rates, adding to investor interest in the local social platform. Nextdoor Holdings stock trades below 2x EV/S targets due to a strong cash balance of $500 million. After a tough couple of years following the Covid boom,  Nextdoor Holdings, Inc.  ( NYSE: KIND ) appears back in growth mode. The local social media player has the founding CEO back in charge and signs of reinvigorated growth are  starting to pop up. My  investment thesis  remains ultra-Bullish on the stock, trading at just $2 despite a strong  balance sheet . Read the full article on Seeking Alpha.  Disclosure: Long KIND. Please review the disclaimer page for more details. 

  Nextdoor agrees to a SPAC deal with Khosla Ventures at a $4.3 billion valuation. The neighborhood network company only forecasts 2022 revenues reaching $249 million for 40% growth. At $11, the SPAC is insanely expensive at a '22 EV/S multiple of 16x. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » Another SPAC with a  promising business combination  is the deal for  Khosla Ventures Acquisition Co. II  ( KVSB ) to acquire Nextdoor. The deal price isn't exactly cheap, so the SPAC hasn't rallied much above $10 despite the promising business model of the social media platform. My investment thesis is tepid on the stock until the SPAC closes and a cheaper multiple emerges. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Nov. 2 The business combination vote was today wi...