Latest Ratios: P/E Ratio -15.9x · EV/EBITDA N/A · ROE -12.3%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $861M | $811M | $913M | $717M | $780M | $1.2B | — | — |
| Enterprise Value | $853M | $804M | $908M | $723M | $787M | $702M | — | — |
| P/E Ratio → | -15.86 | — | — | — | — | — | — | — |
| P/S Ratio | 3.34 | 3.15 | 3.69 | 3.28 | 3.67 | 6.01 | — | — |
| P/B Ratio | 1.99 | 1.88 | 2.01 | 1.28 | 1.28 | 1.55 | — | — |
| P/FCF | 146.08 | 137.72 | — | — | — | — | — | — |
| P/OCF | 132.98 | 125.37 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.12 | 3.67 | 3.31 | 3.70 | 3.65 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 136.40 | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.1% | 84.1% | 83.1% | 80.9% | 81.7% | 85.0% | 82.5% | 83.4% |
| Operating Margin | -27.9% | -27.9% | -49.2% | -78.9% | -67.8% | -49.3% | -62.2% | -91.4% |
| Net Profit Margin | -21.0% | -21.0% | -39.7% | -67.7% | -64.8% | -49.6% | -61.0% | -88.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -12.3% | -12.3% | -19.4% | -25.3% | -20.3% | -42.6% | — | -38.6% |
| ROA | -10.8% | -10.8% | -16.8% | -21.8% | -17.9% | -18.0% | -34.3% | -33.2% |
| ROIC | -12.4% | -12.4% | -18.0% | -21.9% | -23.8% | -24.4% | — | -48.7% |
| ROCE | -15.3% | -15.3% | -22.0% | -26.8% | -19.6% | -19.1% | -40.8% | -39.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.09 | 0.12 | 0.10 | 0.09 | — | 0.02 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.02 | -0.01 | 0.01 | 0.01 | -0.61 | — | -0.39 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -1.31 | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — |
Net cash position: cash ($63M) exceeds total debt ($56M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 14.03 | 14.03 | 16.70 | 16.01 | 18.04 | 22.74 | 5.14 | 6.47 |
| Quick Ratio | 14.03 | 14.03 | 16.70 | 16.01 | 18.04 | 22.74 | 5.14 | 6.47 |
| Cash Ratio | 12.67 | 12.67 | 15.28 | 15.00 | 16.83 | 21.37 | 4.26 | 5.60 |
| Asset Turnover | — | 0.53 | 0.48 | 0.33 | 0.30 | 0.23 | 0.57 | 0.37 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 48.71 | 46.01 | 43.86 | 51.07 | 56.35 | 64.60 | 83.72 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 0.7% | 0.7% | — | — | — | — | — | — |
| Buyback Yield | 2.2% | 2.3% | 8.3% | 0.0% | 9.9% | 0.0% | — | — |
| Total Shareholder Yield | 2.2% | 2.3% | 8.3% | 0.0% | 9.9% | 0.0% | — | — |
| Shares Outstanding | — | $386M | $385M | $379M | $379M | $146M | $383M | $28M |
Persistent Operating Margin Deficit
As reported in recent financial filings, Nextdoor's P/S ratio of 3.34 suggests that investors are pricing the company as a maturing utility rather than a high-growth social platform, reflecting significant market skepticism regarding its ability to scale monetization effectively compared to its broader digital advertising peer group.
The current P/S multiple indicates that the market is discounting the company's future growth prospects, likely due to the deceleration in revenue expansion. This valuation level warrants further investigation into whether the company can transition from a niche community tool to a mass-market advertising vehicle without further diluting shareholder value.
Based on the company's reported figures, the ROIC has remained consistently negative, reaching -2.9% in 2026Q1, which indicates that the firm is currently destroying rather than compounding capital as it struggles to align its high fixed-cost base with its relatively stagnant revenue growth trajectory.
The persistent negative ROIC suggests that the capital invested in the platform's infrastructure and user acquisition has not yet generated a sufficient return to cover the cost of operations. Investors should monitor whether management can optimize its capital allocation to reverse this trend, as current returns remain well below industry benchmarks.
According to recent quarterly data, the company's asset turnover ratio of 0.13 reflects a capital-intensive model that fails to generate significant revenue per dollar of assets, suggesting that the platform's current scale is insufficient to leverage its existing infrastructure effectively against its high operating expense burden.
The low asset turnover ratio highlights the difficulty in achieving operational efficiency when the revenue base is not growing rapidly enough to absorb fixed costs. This inefficiency appears structural, as the company continues to invest heavily in R&D and sales to maintain its neighborhood-graph, which may limit near-term margin expansion.
As indicated by the company's balance sheet, the current ratio of 14.01 as of 2026Q1 provides a substantial liquidity cushion, which serves as a critical buffer against the firm's ongoing operating losses and ensures that the business remains well-funded despite its current cash-burning state.
While the high liquidity position is a positive indicator of financial stability, it also suggests that the company has significant idle capital that is not being deployed efficiently. This liquidity provides a long runway, but investors should monitor how management intends to utilize these resources to drive future profitability.
The most commonly misapplied metric for this business model is the standard P/E ratio, which is fundamentally misleading given the company's persistent net losses and the significant impact of stock-based compensation on reported earnings, obscuring the true economic reality of the firm's cash-burning operations.
Analysts should instead focus on metrics like EV/Sales or adjusted EBITDA, which better capture the underlying revenue-generating potential of the platform's verified user base. Relying on P/E ratios in this context may lead to erroneous conclusions about the company's valuation, as it ignores the heavy investment phase the business is currently navigating.
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Quick answers to the most common questions about buying NXDR stock.
Nextdoor Holdings, Inc.'s current P/E ratio is -15.9x. This places it at the 50th percentile of its historical range.
Nextdoor Holdings, Inc.'s return on equity (ROE) is -12.3%. The historical average is -26.4%.
Based on historical data, Nextdoor Holdings, Inc. is trading at a P/E of -15.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nextdoor Holdings, Inc. has 84.1% gross margin and -27.9% operating margin.