NXDR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-04

• •Revenue was $74.6 million, an increase of 15% compared to the three months ended June 30, 2025.

• •Net loss decreased 86% to $2.1 million, compared to a net loss of $15.4 million for the three months ended June 30, 2025.

• •Cash, cash equivalents, and marketable securities were $378.0 million as of June 30, 2026.

• Three Months Ended June 30,ChangeSix Months Ended June 30,Change

• Revenue increased by $17.0 million, or 14%, for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. The increase was primarily due to increased advertiser spending and an increase in the number of active users, as measured by a 5% increase in Q2 Platform WAU.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Financial Results as of and for the three months ended March 31, 2026 are as follows:

• •Total costs and expenses were $77.0 million, a decrease of 5% compared to 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.

• •Cash, cash equivalents, and marketable securities were $373.2 million.

• Revenue increased by $7.5 million, or 14%, for the three months ended March 31, 2026 compared to the three months ended March 31, 2025. The increase was primarily due to increased advertiser spending and an increase in the number of active users, as measured by a 1% increase in Q1 Platform WAU.

Text added vs the prior filing · source: 10-Q · 2026-08-04

• investments for trading or speculative purposes. Due to the relatively short-term nature of our investment portfolio, a hypothetical 100 basis point change in interest rates would not have a material effect on the fair value of our portfolio for the periods presented.

• The functional currency of our international subsidiaries is generally their local currency. Our sales are typically denominated in the local currency of the country in which the sale was made. The majority of our revenue is denominated in U.S. Dollars. As such, our revenue is not currently exposed …

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• The functional currency of our international subsidiaries is generally their local currency. Our sales are typically denominated in the local currency of the country in which the sale was made. The majority of our revenue is denominated in U.S. Dollars. As such, our revenue is not currently exposed …

Text added vs the prior filing · source: 10-Q · 2026-08-04

• third-party software licensed to help us with such improvements. Any future growth will continue to add complexity to our organization and require effective coordination throughout our organization. Failure to manage any future growth effectively could result in increased costs, cause difficulty or …

• We expect that our ability to identify and respond to this content in a timely manner may decrease as the number of neighbors grows, as the amount of content on the platform increases or as we expand our product and service offerings on our platform. Any governmental or regulatory inquiry, investiga…

• our international operations and sales to advertisers continue to grow, we will be subject to a variety of risks inherent in doing business internationally, including:

• including potential acquisitions. If we are unable to obtain adequate financing or financing on terms that are satisfactory to us, if and when we require financing, our ability to grow or support our business and to respond to business challenges that we may face could be significantly limited.

• options that they hold is significantly above the market price of our Class A common stock. If we are unable to retain our employees, or if we need to increase our compensation expenses to retain our employees, our business, operating results, and financial condition could be adversely affected.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• neighbors, cause difficulties in introducing new features, impact our ability to attract and retain talent or cause other operational difficulties, and any of these difficulties would adversely impact our business, operating results, and financial condition.

• We market and distribute our platform (including related mobile applications) through a variety of third-party publishers and distribution channels. Our ability to market our brands on any given property or channel is subject to the policies of the relevant third party. There is no guarantee that mo…

• Our platform and internal systems rely on software and hardware, including software and hardware developed or maintained internally and/or by third parties, that is highly technical and complex. In addition, our platform and internal systems depend on the ability of such software and hardware to sto…

• limitations that may compromise our ability to meet our objectives. Some errors, bugs, or vulnerabilities inherently may be difficult to detect and may only be discovered after the code has been released for external or internal use. Errors, bugs, vulnerabilities, design defects, or technical limita…

• downturn in any particular region in which we do business or globally could result in reductions in revenue, as our advertisers reduce their advertising budgets, and other adverse effects that could harm our business, operating results, and financial condition.

Text added vs the prior filing · source: 10-Q · 2026-08-04

• During the three months ended June 30, 2026, other than as described below, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in…

• On May 22, 2026, Michael Kiernan, our Chief Revenue Officer, entered into a Rule 10b5-1 Plan (the “Kiernan Plan”) providing for the potential sale of up to 211,559 shares of Class A common stock owned by Mr. Kiernan, between an estimated start date of August 21, 2026 through December 31, 2026, or ea…

• On June 3, 2026, Antoinette How, our Chief Accounting Officer, entered into a Rule 10b5-1 Plan (the “How Plan”) providing for the potential sale of up to 583,189 shares of Class A common stock owned by Ms. How, including upon the vesting and settlement of RSUs for shares of Class A common stock and …

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Our officers (as defined in Rule 16a-1(f) under the Exchange Act) (“Section 16 officers”) are only permitted to trade in our securities pursuant to a prearranged trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act (a “Rule 10b5-1 Plan”). During the three…