ZYBERNO
Stock Report
Updated Jun 3, 2026

Nextdoor Holdings, Inc (KIND)

Technology • NYSE

$2.06

Professional Investment Analysis

ZYBERNO SCORE
Is it a great business? Is it getting better?
42.0/100
WEAK BUSINESS
Nextdoor Holdings, Inc (KIND) scores 42/100 — weak fundamentals with mixed indicators requiring careful analysis before acting.
📊 How is the Zyberno Score calculated? +
VALUATION SIGNAL
MARGIN OF SAFETY
Is this stock cheap or expensive relative to what the business has historically generated for owners?
-100.0%
Overvalued
Growth gap unavailable — insufficient data for reverse DCF calculation.
🎯 Expected Annual Return
-57.8%
5-year annualised assuming price converges to intrinsic value
💰 How is Margin of Safety calculated? +
📈 How is Brina Gap calculated? +

Critical Financial Health Indicators

Return on Equity (Profitability):CRITICAL (-10.3%)
Debt-to-Equity (Solvency Risk):EXCELLENT (0.13x)
Operating Margin (Operational Efficiency):CRITICAL (-22.7%)
Return on Capital (Capital Efficiency):CRITICAL (-12.0%)
📊 Valuation Trilogy
Three interconnected metrics for complete valuation analysis
Click any metric for full methodology and detailed analysis
Zyberno's Verdict

Nextdoor Holdings, Inc (KIND) stock report — Zyberno Score 42/100 (WEAK BUSINESS), Margin of Safety -100.0%, -58% expected annual return. Full financial analysis on Zyberno.

According to Zyberno's DCF model, Nextdoor Holdings, Inc (KIND) trades at $2.06 against an estimated intrinsic value per share of $0.07 — a -100.0% Margin of Safety based on Owner Earnings of $6.73M TTM, projected at -16.3% growth for 10 years with a 2.5% terminal growth rate. Zyberno's model translates this into a 5-year expected return of -57.8% annually.

Over the trailing twelve months, KIND generated $6.73M in Owner Earnings. Capital was deployed as follows: $28.66M returned via share buybacks, $622.00K invested in capital expenditures. Reinvestment rate: 3.0%. Owner Earnings have declined at 16.3% annually over the trailing five years using log-linear regression.

DIVISION I: EXECUTIVE SUMMARY
A. Market Valuation

Market Price & Capitalization (2)

Current Price:2.06
Market Cap:$796.85M

Valuation Multiples (3)

P/B Ratio:1.98x
P/S Ratio:3.01x
Peg Ratio:-999.00x

Enterprise Metrics (2)

Enterprise Value:$770.70M
Pfcf Ratio:118.44x
B. Profitability Assessment

Return Metrics (5)

ROA:-9.1%
Reinvestment Rate:3.0%
Fundamental Growth Rate (g):-0.4%

Margin Analysis (3)

Operating Margin Ttm:-22.7%
Net Margin Ttm:-16.5%
Ebitda Margin:-22.1%

TTM Performance (3)

Gross Margin Ttm:83.9%
Operating Margin Ttm:-22.7%
Net Margin Ttm:-16.5%

Yield Metrics (3)

Earnings Yield:-$5.34
Owner Earnings Yield:$0.84
Dividend Yield:0.0%
C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

EPS Surprise vs Expected:28.0%
Latest Earnings Filed:2026-05-06

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):7.0%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):-15.6%
Operating Cash Flow Growth Rate (Linear):-15.8%
D. Financial Stability

Liquidity Ratios (3)

Current Ratio:14.01x
Quick Ratio:14.01x
Cash Ratio:1.89x

Leverage Analysis (3)

Debt To Equity Ttm:0.13x
Debt-to-Equity Ratio:0.13x
Debt To Ebitda:-999.00x

Coverage Ratios (1)

Times Interest Earned:-999.00

Capital Structure (4)

Working Capital:386,231,000.00
Cash And Cash Equivalents:56,148,000.00
Long Term Debt:$21.12M
Net Debt:-$26.16M
DIVISION II: FINANCIAL STATEMENTS ANALYSIS
A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $265.14M
Linear Growth: 7.0%
📊 Click to view full KIND Revenue analysis & methodology →
Cost Of Revenue Ttm:$42.59M

Profitability Breakdown (2)

Gross profit TTM: $222.55M
Linear Growth: 8.2%
📊 Click to view full KIND Gross Profit analysis & methodology →
-$60.26M

Bottom Line Performance (3)

-$43.67M
Income Before Tax:-$42.05M
Ebitda Ttm:-58,512,000.00

Operating Expenses (5)

Operating Expenses:325,398,000.00
R And D Expense:133,727,000.00
Sga Expense:60,520,000.00
Income Tax Expense:$1.62M
Interest Expense:0.00

Expense Ratios (3)

R And D To Revenue Percentage:216.8%
Sga To Revenue Percentage:98.1%
Ebitda Margin:-22.1%
B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$452.52M
Current Assets:$415.92M
Ppe Net:1,448,000.00
Goodwill:1,211,000.00
Intangible Assets:$96.00K

Liability Structure (4)

Total Liabilities:51,035,000.00
Current Liabilities:29,688,000.00
Long Term Debt:$21.12M
Short Term Debt:$8.87M

Equity & Capital (3)

Equity:$401.48M
Retained Earnings:-$929.70M
Common Stock:375,788,212.00

Working Capital Items (3)

Accounts Receivable:32,670,000.00
Inventory:0.00
Accounts Payable:20,139,000.00

Special Items (2)

Contract Liabilities:7,500,000.00
Stock Based Compensation:14,762,000.00
C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $7.35M
Linear Growth: -15.8%
Free cash flow TTM: $6.73M
Linear Growth: -15.6%
📊 Click to view full KIND Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:$22.71M
Capital Expenditures Ttm:622,000.00

Financing Activities (3)

Financing Cash Flow:-$31.93M
Dividends Paid Ttm:0.00
Stock Repurchase:28,659,000.00

Capital Transactions (3)

Common Stock Issuance:418,000.00
Long Term Debt Issuance:$0.00
Long Term Debt Repayments:$0.00

Non-Cash Items (1)

Depreciation Amortization Ttm:1,747,000.00
DIVISION III: OPERATIONAL METRICS
A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):-0.11
-$0.11
Earnings Per Share Ttm:-$0.11

Revenue & Cash Per Share (3)

Sales Per Share Ttm:0.69
Operating Cash Flow Per Share:$0.02
Fcf Per Share Ttm:0.02

Book Value & Capital (2)

Book Value Per Share:$1.04
Cash Per Share:0.15

Dividend Policy (1)

Dividend Payout Ratio:-999.00x
B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.55x
Working Capital Turnover Ttm:0.69x

Receivables Management (2)

Receivables Turnover Ttm:8.12x
Days Sales Outstanding Ttm:44.97

Inventory Management (2)

Inventory Turnover Ttm:-999.00x
Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:172.60
Cash Conversion Cycle:-1,126.63
C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:100.00
Quality Score:50.00

Market Metrics (2)

Beta:0.00x
Volatility Category:unknown
DIVISION IV: INVESTMENT ANALYSIS
A. Value Investment Framework

Owner Earnings Analysis (3)

Owner earnings TTM: $6.73M
Linear Growth: -16.3%
📊 Click to view full KIND Owner Earnings analysis & methodology →
Owner Earnings Per Share:$0.02
Owner Earnings Yield:$0.84

Growth Assessment (1)

Owner Earnings Growth Rate:-$16.32

Damodaran Growth Analysis (2)

Reinvestment Rate:3.0%
Fundamental Growth Rate (g):-0.4%

Intrinsic Value Models (1)

Return Scenarios (1)

Investment Assessment (1)

Buffett Assessment:Overvalued
B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (1)

Revenue Growth Rate (Linear):7.0%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):-15.6%
Operating Cash Flow Growth Rate (Linear):-15.8%

Other Growth Rates (3)

Gross Profit Growth Rate (Linear):8.2%
Book Value Growth Rate (Linear):-13.6%
Owner Earnings Growth Rate:-$16.32
C. Company Profile & Context

Corporate Information (6)

Symbol:KIND
Company Name:Nextdoor Holdings, Inc
Sector:Technology
Industry:Software Development
Exchange:NYSE
Country:United States

Market Classification (3)

Market Cap Category:N/A
Price Category:low
Volume Category:N/A

Share Structure (3)

Shares Outstanding:386.82M
Shares Outstanding Basic:386.82M
Shares Outstanding Diluted:386.82M

Data Processing Info (3)

Processing Version:v3.0
Last Updated:2026-06-03 08:11:26 UTC
Data Timestamp:2026-06-03T08:11:26.173297
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