Flagship explainer

How Nextdoor Holdings, Inc makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$258M · 100%Cost of revenue$41M · 16%Gross profit$217M · 84%Operating income−$71.9M · −28%Income before tax−$52.6M · −20%Income tax$1.6M · 1%Net income−$54.2M · −21%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$258M100%
Cost of revenue$41M16%
$217M84%
−$71.9M−28%
Income before tax−$52.6M−20%
Income tax$1.6M1%
−$54.2M−21%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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