Day 52: Better Numbers. The Same Questions.
Nextdoor released its Q2 2026 financial results, and there are positive developments that deserve recognition.
Revenue increased to $75 million, up 15% year over year.
Platform Weekly Active Users grew to 22.9 million, a 5% increase.
The company also narrowed its GAAP net loss to $2 million, compared with $15 million a year ago, reported $10 million in Adjusted EBITDA, and maintained $378 million in cash.
As a shareholder, I'm glad to see progress.
Credit should be given where it's due.
However, one number still stands out:
Nextdoor is still losing money.
The loss is much smaller, but it's still a loss. Financial results reflect leadership decisions about where to invest, cut costs, monetize the platform, and allocate capital.
Today marks Day 52 since I requested a study from Jacob Chavis.
Fifty-two days later, I still haven't received:
An acknowledgment.
A timeline.
Another observation caught my attention.
The last Nextdoor Insights article appears to have been published on July 6, 2026.
I'm still waiting on a response from Jacob Chavis, and I haven't seen a new Insights article in about a month.
Those may be unrelated.
As a shareholder, I have a few questions.
Has Nextdoor shifted away from publishing Insights?
Are new studies still being produced?
I don't know.
That's why I've continued asking.
A simple response—even "the study isn't public"—would provide clarity. Silence leaves shareholders filling in the blanks.
I've written extensively about what I believe are three major challenges:
A communication culture that doesn't adequately engage with shareholders.
An unpaid moderation model that creates inconsistent user experiences.
Strategic decisions that deserve scrutiny, from monetization to capital allocation.
The earnings report shows improvement, and I hope that trend continues.
I genuinely want Nextdoor to succeed.
But I also believe leadership decisions influence profitability, corporate culture, and shareholder confidence.
I've said this repeatedly because I believe it:
Communication isn't measured when everything is going well. It's measured by how a company responds when someone asks a simple question.
I'll continue acknowledging progress while also raising concerns.
That's what I believe engaged shareholders should do.
Join the discussion at NielFlamm.com/blog. Leave some feedback—I'd love to hear from you.
