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NTRP

NextTrip, Inc.

NTRP

NextTrip, Inc. • NASDAQ
$3.72 ▲ 5.10% (+0.18)
Market Cap $28.03 M
52w High $8.50
52w Low $1.50
Dividend Yield 0%
P/E -6
Volume 11.03K
Outstanding Shares 7.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $757.648K ▲ $3.368M ▼ $-2.898M ▲ -382.52% ▲ $-0.389 ▲ $-2.393M ▲
Q1-2026 $138.827K ▲ $4.679M ▲ $-4.457M ▲ -3.211K% ▲ $-0.687 ▲ $-3.963M ▲
Q4-2025 $83.497K ▲ $2.209M ▲ $-4.597M ▼ -5.506K% ▼ $-2.803 ▼ $-4.155M ▼
Q3-2025 $74.635K ▼ $1.771M ▲ $-2.009M ▼ -2.692K% ▼ $-0.348 ▲ $-1.625M ▼
Q2-2025 $154.498K $1.468M $-1.535M -993.314% $-1.137 $-1.374M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $1.838M ▲ $13.909M ▲ $7.93M ▲ $5.979M ▼
Q1-2026 $130.906K ▼ $10.955M ▲ $4.285M ▲ $6.67M ▼
Q4-2025 $1.062M ▲ $9.936M ▲ $2.571M ▼ $7.365M ▲
Q3-2025 $15.385K ▼ $4.979M ▲ $6.394M ▲ $-1.415M ▼
Q2-2025 $102.006K $4.889M $5.023M $-134.103K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-7.296M ▼ $572.375K ▲ $-470.665K ▲ $1.605M ▲ $1.707M ▲ $872.37K ▲
Q1-2026 $-4.457M ▲ $-1.043M ▲ $-1.282M ▼ $1.393M ▼ $-931.461K ▼ $-1.124M ▲
Q4-2025 $-4.597M ▼ $-1.945M ▼ $-565K ▼ $3.557M ▲ $1.047M ▲ $-2.011M ▼
Q3-2025 $-2.009M ▼ $-1.183M ▼ $-79.183K ▲ $1.175M ▲ $-86.621K ▼ $-1.183M ▼
Q2-2025 $-1.535M $-810.237K $-220.162K $1.096M $65.327K $-810.237K

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a business that is still essentially pre‑revenue but already incurring ongoing losses. There is no meaningful sales base yet, so all expenses currently flow straight through to the bottom line as net losses. Profitability metrics have not improved over the past few years, indicating that the commercial side of the model is still in the build‑out phase rather than in a scaling phase. Reported per‑share figures look very volatile, which is driven more by changes in share count and reverse splits than by changes in the underlying business performance.

Balance Sheet

Balance Sheet The balance sheet is extremely light, with only a small pool of assets and very modest cash resources. On the positive side, the company does not appear to carry meaningful debt, so it is not burdened by interest payments or near‑term repayments. However, equity and overall capitalization are thin, which leaves only a small financial cushion to absorb continued operating losses. This profile points to a business that is financially fragile and likely dependent on future capital raises to support its strategy.

Cash Flow

Cash Flow Cash flow data shows a pattern of cash being used rather than generated, as operating activities consume funds year after year. There is little to no spending on long‑term physical assets, which is consistent with a technology and media‑driven model rather than a capital‑heavy one. Free cash flow remains negative, underscoring that the business is not yet self‑funding and relies on external financing to keep operating. The key question going forward is whether the company can grow revenue fast enough to narrow this cash burn before funding options become constrained.

Competitive Edge

Competitive Edge NextTrip is trying to carve out a differentiated niche in a very crowded travel market by blending travel media, content, and booking into one ecosystem. The concept is to capture travelers at the inspiration stage and guide them all the way through to booking, which is different from traditional online agencies that mostly focus on transactions. At the same time, the company is competing against much larger, well‑capitalized players with established brands, strong supplier relationships, and massive marketing budgets. Its position will depend on whether it can build brand awareness, prove that its integrated approach converts viewers into bookers at attractive economics, and defend that space before incumbents replicate similar features.

Innovation and R&D

Innovation and R&D Innovation is the clear strength of the story, centered on proprietary booking technology, AI‑driven personalization, interactive streaming channels, and specialized platforms for segments like luxury and group travel. The “content‑to‑commerce” idea, where users move directly from watching travel content to booking trips, is relatively novel in this sector and could provide a strategic edge if it gains traction. The company is also experimenting with tools like delayed payment options, concierge services, and AI travel assistants to reduce friction and increase engagement. The main uncertainty is not about ideas—there are many—but about execution, adoption, and the ability to turn these innovations into durable, profitable customer behavior at scale.

Summary

Overall, NextTrip looks like an early‑stage, concept‑heavy travel tech company that is still in the build and proof‑of‑concept phase financially. The strategy—integrating media, technology, and booking into one looped ecosystem—is ambitious and differentiated, with clear emphasis on AI and interactive content. However, the historical financials show no meaningful revenue yet, persistent losses, and a very thin balance sheet, all of which point to high execution and funding risk. Multiple past reverse stock splits also hint at a history of value dilution and restructuring rather than steady growth. Going forward, the pivotal factors to watch are actual revenue traction, user and partner adoption of its platforms, evidence of operating leverage, and the company’s ability to maintain adequate funding while it attempts to scale.

NEWS

November 19, 2025 · 9:01 AM UTC

NextTrip Signs Letter of Intent and Enters Exclusive Discussions to Acquire GoUSA TV Platform

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November 5, 2025 · 9:01 AM UTC

NextTrip Provides Shareholder Update Following Completion of TA Pipeline Acquisition

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October 15, 2025 · 4:45 PM UTC

NextTrip, Inc. (NASDAQ: NTRP) Reports Second Quarter Financial Results

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October 15, 2025 · 8:07 AM UTC

Why NextTrip's Content Model Threatens Expedia's Dominance

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October 13, 2025 · 9:01 AM UTC

NextTrip's JOURNY Unveils First Originals Slate as Global Rebrand Expands

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