NXDR — what changed in the latest 10-Q
A section-by-section comparison of NXDR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-06 vs the prior 10-Q · 2025-11-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −41 | ~16 | 19 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | +43 | −40 | ~56 | 226 |
| Other information | Text added/removed | 0 | −3 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-06
Nextdoor is the essential neighborhood network connecting over 110 million Verified Neighbors to the people, places, and information that matter most in their local communities. Operating in over 350,000 neighborhoods across 11 countries, Nextdoor fosters trusted, real-world utility through locally …
•Revenue was $61.7 million, an increase of 14% compared to the three months ended March 31, 2025.
•Total costs and expenses were $77.0 million, a decrease of 5% compared to the three months ended March 31, 2025.
•Net loss decreased 48% to $11.4 million, compared to $22.0 million for the three months ended March 31, 2025.
•Adjusted EBITDA loss was $0.2 million, compared to $9.2 million for the three months ended March 31, 2025.
Text removed vs the prior filing · source: 10-Q · 2025-11-05
Nextdoor is the essential neighborhood network for over 100 million verified neighbors, offering trusted local news, real-time safety alerts, neighbor recommendations, for sale and free listings, and events. Nextdoor connects neighbors to the people, places, and information that matter most in their…
•Revenue for the three months ended September 30, 2025 was $68.9 million, an increase of 5% compared to the three months ended September 30, 2024. Revenue for the nine months ended September 30, 2025 was $188.2 million, an increase of 3% compared to the nine months ended September 30, 2024.
•Total costs and expenses for the three months ended September 30, 2025 were $86.1 million, a decrease of less than 1% compared to the three months ended September 30, 2024. Total costs and expenses for the nine months ended September 30, 2025 were $252.7 million, a decrease of 12% compared to the n…
•Net loss for the three months ended September 30, 2025 decreased 14% to $12.9 million, compared to $14.9 million for the three months ended September 30, 2024. Net loss for the nine months ended September 30, 2025 decreased 42% to $50.2 million, compared to $85.9 million for the nine months ended S…
•Adjusted EBITDA for the three months ended September 30, 2025 was positive at $4.4 million, compared to a loss of $1.3 million for the three months ended September 30, 2024. Adjusted EBITDA loss for the nine months ended September 30, 2025 decreased 67% to $7.0 million, compared to $21.3 million fo…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-05-06
Adverse global economic and financial events and the effects thereof, such as health epidemics or pandemics, geopolitical conflicts, inflation, changing interest rates, potential recessions, the implementation of tariffs by the United States, China, or other governments,
•the rapid evolution of advertising formats driven by AI, which may change how advertisements are delivered, targeted, and measured, and reduce demand for our current advertising products if we are unable to adapt our offerings competitively;
•advertiser uncertainty regarding their own legal and compliance obligations, including with respect to AI, which may cause such advertisers to reduce or eliminate spending on AI-enhanced or algorithmically-targeted advertising products;
were to occur, neighbors may be subject to service disruptions or outages and we may not be able to recover our technical infrastructure and neighbor data in a timely manner to restart or provide our services, which may adversely affect our financial results. In addition, a substantial number of our…
In addition, we integrate third-party AI models and tools into our platform and internal systems, which may expose us to risks including supply-chain compromise, model poisoning, and vulnerabilities inherent in large-language-model-integrated application attack surfaces. If third-party AI models we …
Text removed vs the prior filing · source: 10-Q · 2025-11-05
Adverse global economic and financial events and the effects thereof, such as health epidemics or pandemics, the wars in Ukraine and the Middle East, inflation, changing interest rates, potential recessions, the implementation of tariffs by the United States, China, or other governments, fluctuation…
In addition, the substantial amount of our employees are based in our headquarters located in San Francisco, California. If there is a catastrophic failure involving our systems or major disruptive event affecting our headquarters or the San Francisco area in general, we may be unable to operate our…
Additionally, from time to time, we realign our resources and talent to implement stage-appropriate business strategies, which could include furloughs, layoffs and reductions in force. For example, in 2023, 2024 and 2025, in response to changing economic conditions and in an effort to support our gr…
We are continuing to make investments in AI initiatives, including to recommend relevant content across our products, enhance our advertising tools, and develop new product features using generative AI. AI technologies are complex and rapidly evolving, and we face significant competition from other …
proposed AI legislation, including the Colorado Artificial Intelligence Act (effective February 1, 2026), which regulates high-risk AI systems and imposes transparency obligations. The regulatory landscape for AI is fragmented and rapidly evolving, with ongoing legal challenges and uncertainty aroun…
Other information
Text removed vs the prior filing · source: 10-Q · 2025-11-05
On September 4, 2025, Sophia Schwartz, our Chief Legal Officer and Secretary, entered into a Rule 10b5-1 Plan (the “Schwartz 2026 Plan”) providing for the potential sale of up to 633,956 shares of Class A common stock owned by Ms. Schwartz, including upon the vesting and settlement of RSUs for share…
have included the maximum aggregate number of shares to be sold without subtracting any shares to be withheld upon future vesting events.
On September 4, 2025, Craig Lisowski, our President of Products, entered into a Rule 10b5-1 Plan (the “Lisowski Plan”) providing for the potential sale of up to 892,857 shares of Class A common stock owned by Mr. Lisowski, including upon the vesting and settlement of RSUs for shares of Class A commo…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice