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Side-by-side financial comparison of INDEPENDENT BANK CORP (IBCP) and Nextdoor Holdings, Inc. (NXDR). Click either name above to swap in a different company.
Nextdoor Holdings, Inc. is the larger business by last-quarter revenue ($61.7M vs $58.9M, roughly 1.0× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs -18.5%, a 47.2% gap on every dollar of revenue. Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (2.1% CAGR vs -1.3%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
Nextdoor Holdings, Inc. is an American company that operates a hyperlocal social networking service for neighborhoods. The company was founded in 2008 and is based in San Francisco, California. Nextdoor launched in the United States in October 2011. It is available in eleven countries as of May 2023. In 2024, the company claimed to have 88 million "neighbors" as members.
IBCP vs NXDR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $58.9M | $61.7M |
| Net Profit | $16.9M | $-11.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 28.6% | -18.5% |
| Revenue YoY | — | 13.8% |
| Net Profit YoY | 8.2% | 48.0% |
| EPS (diluted) | $0.81 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $58.9M | $61.7M | ||
| Q4 25 | $58.3M | $69.5M | ||
| Q3 25 | $57.3M | $68.9M | ||
| Q2 25 | $55.9M | $65.1M | ||
| Q1 25 | $54.1M | $54.2M | ||
| Q4 24 | $62.0M | $65.2M | ||
| Q3 24 | $51.4M | $65.6M | ||
| Q2 24 | $56.5M | $63.3M |
| Q1 26 | $16.9M | $-11.4M | ||
| Q4 25 | $18.6M | $-4.0M | ||
| Q3 25 | $17.5M | $-12.9M | ||
| Q2 25 | $16.9M | $-15.4M | ||
| Q1 25 | $15.6M | $-22.0M | ||
| Q4 24 | $18.5M | $-12.1M | ||
| Q3 24 | $13.8M | $-14.9M | ||
| Q2 24 | $18.5M | $-42.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 84.9% | ||
| Q3 25 | — | 84.9% | ||
| Q2 25 | — | 83.6% | ||
| Q1 25 | — | 82.6% | ||
| Q4 24 | — | 84.0% | ||
| Q3 24 | — | 83.0% | ||
| Q2 24 | — | 83.8% |
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | -10.7% | ||
| Q3 25 | 37.0% | -25.0% | ||
| Q2 25 | 37.0% | -31.1% | ||
| Q1 25 | 35.3% | -49.9% | ||
| Q4 24 | 36.7% | -26.2% | ||
| Q3 24 | 33.7% | -31.7% | ||
| Q2 24 | 41.0% | -77.4% |
| Q1 26 | 28.6% | -18.5% | ||
| Q4 25 | 31.8% | -5.8% | ||
| Q3 25 | 30.5% | -18.7% | ||
| Q2 25 | 30.2% | -23.6% | ||
| Q1 25 | 28.8% | -40.5% | ||
| Q4 24 | 29.8% | -18.6% | ||
| Q3 24 | 26.9% | -22.7% | ||
| Q2 24 | 32.8% | -67.6% |
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.88 | $-0.01 | ||
| Q3 25 | $0.84 | $-0.03 | ||
| Q2 25 | $0.81 | $-0.04 | ||
| Q1 25 | $0.74 | $-0.06 | ||
| Q4 24 | $0.87 | $-0.03 | ||
| Q3 24 | $0.65 | $-0.04 | ||
| Q2 24 | $0.88 | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.9M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $510.6M | — |
| Total Assets | $5.6B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $174.9M | — | ||
| Q4 25 | $138.4M | $63.3M | ||
| Q3 25 | $208.7M | $56.1M | ||
| Q2 25 | $146.2M | $62.0M | ||
| Q1 25 | $128.1M | $57.3M | ||
| Q4 24 | $119.9M | $45.5M | ||
| Q3 24 | $121.6M | $49.7M | ||
| Q2 24 | $214.3M | $53.0M |
| Q1 26 | $510.6M | — | ||
| Q4 25 | $503.0M | $431.3M | ||
| Q3 25 | $490.7M | $429.7M | ||
| Q2 25 | $469.3M | $429.5M | ||
| Q1 25 | $467.3M | $436.1M | ||
| Q4 24 | $454.7M | $453.5M | ||
| Q3 24 | $452.4M | $456.0M | ||
| Q2 24 | $430.5M | $472.3M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | $486.8M | ||
| Q3 25 | $5.5B | $488.9M | ||
| Q2 25 | $5.4B | $490.4M | ||
| Q1 25 | $5.3B | $495.0M | ||
| Q4 24 | $5.3B | $514.0M | ||
| Q3 24 | $5.3B | $517.7M | ||
| Q2 24 | $5.3B | $542.1M |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
NXDR
Segment breakdown not available.
