Estados financieros detallados de Nextdoor Holdings, Inc. (NXDR): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Nextdoor Holdings, Inc. registró ingresos de $257.6M en el último ejercicio fiscal, con un CAGR de 5 años del 15.9%.
Márgenes de los últimos 12 meses: margen bruto 84.2%, margen operativo -16.6%, margen neto -11.1%.
Al precio actual de $2.48, NXDR presenta beneficios negativos (P/E no significativo) y un ROE del -7.27%. La capitalización bursátil es de $959M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $82.6M | $123.3M | $192.2M | $212.8M | $218.3M | $247.3M | $257.6M |
| Coste de Ventas | $13.7M | $21.6M | $28.8M | $39.0M | $41.6M | $41.9M | $41.0M |
| Beneficio Bruto | $68.8M | $101.7M | $163.4M | $173.8M | $176.7M | $205.4M | $216.7M |
| I+D | $42.6M | $69.2M | $97.1M | $127.1M | $150.0M | $127.9M | $135.2M |
| Generales y Administrativos | $101.6M | $109.1M | $161.1M | $190.9M | $199.0M | $199.1M | $153.4M |
| Gastos Operativos | $144.3M | $178.3M | $258.2M | $318.0M | $349.0M | $327.1M | $288.6M |
| Beneficio Operativo | -$75.5M | -$76.7M | -$94.8M | -$144.2M | -$172.3M | -$121.6M | -$71.9M |
| EBITDA | -$73.4M | -$73.6M | -$91.0M | -$130.6M | -$141.2M | -$93.5M | -$50.6M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$73.1M | -$75.1M | -$95.2M | -$136.2M | -$147.0M | -$97.4M | -$52.6M |
| Impuestos | $156000 | $127000 | $157000 | $1.7M | $756000 | $706000 | $1.6M |
| Beneficio Neto | -$73.3M | -$75.2M | -$95.3M | -$137.9M | -$147.8M | -$98.1M | -$54.2M |
| BPA | $-2.62 | $-0.20 | $-0.65 | $-0.36 | $-0.39 | $-0.25 | $-0.14 |
| BPA Diluido | $-2.62 | $-0.20 | $-0.65 | $-0.36 | $-0.39 | $-0.25 | $-0.14 |
| Acciones en Circulación (Diluidas) | $28.0M | $383.0M | $146.3M | $378.7M | $379.3M | $385.1M | $386.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $68.9M | $69.5M | $61.7M | $74.6M |
| Beneficio Bruto | $58.5M | $59.0M | $50.6M | $63.1M |
| Beneficio Operativo | -$17.2M | -$7.4M | -$15.3M | -$5.7M |
| EBITDA | -$12.3M | -$11.5M | -$10.9M | -$1.5M |
| Beneficio Neto | -$12.9M | -$4.0M | -$11.4M | -$2.1M |
| BPA | $-0.03 | $-0.01 | $-0.03 | $-0.01 |
| BPA Diluido | $-0.03 | $-0.01 | $-0.03 | $-0.01 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $77.0M | $83.6M | $521.8M | $55.2M | $60.2M | $45.5M | $63.3M |
| Inversiones a Corto | $95.4M | $53.3M | $194.0M | $528.1M | $470.9M | $381.4M | $341.4M |
| Cuentas por Cobrar | $18.9M | $21.8M | $29.7M | $29.8M | $26.2M | $31.2M | $34.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $199.3M | $165.4M | $761.7M | $625.3M | $566.9M | $466.7M | $448.2M |
| Inmovilizado Material | $5.0M | $43.5M | $72.0M | $64.4M | $65.0M | $17.2M | $13.2M |
| Fondo de Comercio | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M |
| Activos Intangibles | $9.1M | $7.0M | $4.8M | $3.1M | $1.3M | $257000 | 0 |
| Activos Totales | $220.9M | $217.7M | $840.1M | $699.6M | $654.6M | $514.0M | $486.8M |
| Cuentas por Pagar | $3.3M | $3.4M | $6.2M | $4.5M | $1.9M | $249000 | $2.5M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | $8.9M |
| Pasivos Corrientes | $30.8M | $32.2M | $33.5M | $34.7M | $35.4M | $27.9M | $31.9M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | $23.4M |
| Pasivos Totales | $31.0M | $515.6M | $95.1M | $88.5M | $96.0M | $60.5M | $55.5M |
| Reservas | -$309.8M | -$385.0M | -$480.3M | -$618.3M | -$766.0M | -$864.1M | -$918.3M |
| Patrimonio Neto | $189.9M | -$297.9M | $745.0M | $611.1M | $558.6M | $453.5M | $431.3M |
| Deuda Total | $3.3M | $39.6M | $68.7M | $61.6M | $66.6M | $40.7M | $55.6M |
| Deuda Neta | -$169.1M | -$97.4M | -$647.1M | -$521.7M | -$464.5M | -$386.2M | -$349.2M |
| Capital Circulante | $168.5M | $133.2M | $728.2M | $590.6M | $531.5M | $438.7M | $416.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $56.1M | $63.3M | $56.1M | $63.6M |
| Activos Totales | $488.9M | $486.8M | $452.5M | $461.9M |
| Pasivos Totales | $59.3M | $55.5M | $51.0M | $51.2M |
| Patrimonio Neto | $429.7M | $431.3M | $401.5M | $410.6M |
| Deuda Total | $34.5M | $55.6M | $30.0M | $27.7M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$73.3M | -$75.2M | -$95.3M | -$137.9M | -$147.8M | -$98.1M | -$54.2M |
| Amortizaciones | $2.1M | $3.1M | $4.2M | $5.7M | $5.8M | $3.9M | $1.9M |
| Compensación en Acciones | $14.1M | $22.6M | $47.5M | $64.4M | $83.0M | $74.1M | $65.3M |
| Cambio en Capital Circulante | -$6.8M | $7.4M | -$7.9M | $9.4M | $8.6M | -$18.0M | -$4.2M |
| Flujo de Caja Operativo | -$64.0M | -$41.6M | -$51.3M | -$60.5M | -$59.3M | -$20.2M | $6.5M |
| Inversiones (CapEx) | -$517000 | -$5.0M | -$8.8M | -$3.2M | -$267000 | -$404000 | -$580000 |
| Adquisiciones | -$5.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$77.2M | 0 | -$75.5M | -$18.9M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$64.5M | -$46.6M | -$60.1M | -$63.7M | -$59.5M | -$20.6M | $5.9M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +49.3% | +55.9% | +10.7% | +2.6% | +13.3% | +4.2% |
| Crecimiento Beneficio Neto (anual) | | -2.7% | -26.7% | -44.7% | -7.1% | +33.6% | +44.7% |
| Crecimiento BPA (anual) | | +92.4% | -225.0% | +44.6% | -8.3% | +35.9% | +44.0% |
| Cambio en Acciones (anual) | | +1267.1% | -61.8% | +158.8% | +0.1% | +1.5% | +0.3% |
| Crecimiento FCF (anual) | | +27.7% | -28.9% | -5.9% | +6.5% | +65.4% | +128.6% |
| Margen Bruto | 83.4% | 82.5% | 85.0% | 81.7% | 80.9% | 83.1% | 84.1% |
| Margen Operativo | -91.4% | -62.2% | -49.3% | -67.8% | -78.9% | -49.2% | -27.9% |
| Margen EBITDA | -88.9% | -59.7% | -47.3% | -61.4% | -64.7% | -37.8% | -19.7% |
| Margen Neto | -88.8% | -61.0% | -49.6% | -64.8% | -67.7% | -39.7% | -21.0% |
| Margen FCF | -78.1% | -37.8% | -31.3% | -29.9% | -27.3% | -8.3% | 2.3% |
| Tasa Impositiva Efectiva | -0.2% | -0.2% | -0.2% | -1.2% | -0.5% | -0.7% | -3.1% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-2.30 | $-0.12 | $-0.41 | $-0.17 | $-0.16 | $-0.05 | $0.02 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $28.0M | $383.0M | $146.3M | $378.7M | $379.3M | $385.1M | $386.3M |
Qué mirar en empresas de Communication Services
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -7.27% |
| Rentabilidad sobre capital invertido | -10.41% |
| Rentabilidad sobre activos | -6.59% |
| Margen bruto | 84.19% |
| Margen operativo | -16.62% |
| Margen neto | -11.08% |
Salud financiera
| Deuda / Patrimonio | 0.07 |
| Ratio corriente | 13.27 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -3.82 | -50.00 | -12.14 | -5.72 | -4.85 | -9.48 | -15.00 |
| P/VC | 1.48 | -12.86 | 1.55 | 1.28 | 1.28 | 2.01 | 1.88 |
| P/V | 3.39 | 31.06 | 6.01 | 3.67 | 3.28 | 3.69 | 3.15 |
| Margen Bruto | 83.4% | 82.5% | 85.0% | 81.7% | 80.9% | 83.1% | 84.1% |
| Margen Operativo | -91.4% | -62.2% | -49.3% | -67.8% | -78.9% | -49.2% | -27.9% |
| Margen Neto | -88.8% | -61.0% | -49.6% | -64.8% | -67.7% | -39.7% | -21.0% |