We Think Nextdoor Holdings (NYSE:KIND) Can Easily Afford To Drive Business Growth [Yahoo! Finance]
Nextdoor Holdings, Inc. (KIND)
Company Research
Source: Yahoo! Finance
So, the natural question for Nextdoor Holdings NYSE:KIND ) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. Let's start with an examination of the business' cash, relative to its cash burn. How Long Is Nextdoor Holdings' Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In June 2024, Nextdoor Holdings had US$457m in cash, and was debt-free. In the last year, its cash burn was US$52m. That means it had a cash runway of about 8.7 years as of June 2024. Importantly, though, analysts think that Nextdoor Holdings will reach cashflow breakeven before then. If that happens, then the length of its cash runway, today, would become a moot point. The image below shows how its cash balance has been changing over the last few years. How Well Is Nextdoor Holdings Gro
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News
- Nextdoor Holdings Third Quarter 2024 Earnings: US$0.039 loss per share (vs US$0.10 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Nextdoor Holdings, Inc. (NYSE: KIND) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $2.50 to $3.00. They now have a "neutral" rating on the stock.MarketBeat
- Nextdoor Announces Georg Petschnigg as Chief Design Officer [Yahoo! Finance]Yahoo! Finance
- Nextdoor Announces Georg Petschnigg as Chief Design OfficerBusiness Wire
- Nextdoor Reports Third Quarter 2024 ResultsBusiness Wire
KIND
Earnings
- 2/27/24 - Beat
KIND
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- KIND's page on the SEC website