NextTrip Financials
This page shows NextTrip (NTRP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
NextTrip has an operating margin of -1478.5%, meaning the company retains $-1478 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1238.0% the prior year.
NextTrip's revenue grew 9.3% year-over-year to $501K, a solid pace of expansion. This earns a growth score of 55/100.
NextTrip carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
NextTrip's current ratio of 0.96 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 18/100, which could limit financial flexibility.
NextTrip passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, NextTrip generates $0.50 in operating cash flow (-$5.1M OCF vs -$10.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
NextTrip generated $501K in revenue in fiscal year 2025. This represents an increase of 9.3% from the prior year.
NextTrip's EBITDA was -$6.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 59.1% from the prior year.
NextTrip reported -$10.1M in net income in fiscal year 2025. This represents a decrease of 38.0% from the prior year.
NextTrip earned $-2.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 93.1% from the prior year.
NextTrip held $1.1M in cash against $0 in long-term debt as of fiscal year 2025.
NextTrip had 2M shares outstanding in fiscal year 2025. This represents an increase of 76.9% from the prior year.
NextTrip's gross margin was 0.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 12.7 percentage points from the prior year.
NextTrip's operating margin was -1478.5% in fiscal year 2025, reflecting core business profitability. This is down 240.5 percentage points from the prior year.
NextTrip's net profit margin was -2018.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 420.0 percentage points from the prior year.
NTRP Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q1'24 | Q3'25 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M+58.4% | $758K+445.7% | $139K | N/A | $206K+44.9% | $142K+46.3% | $97K-25.4% | $130K |
| Cost of Revenue | $983K+66.0% | $592K+492.5% | $100K | N/A | $162K-8.0% | $176K+382.6% | $36K-42.7% | $64K |
| Gross Profit | $217K+31.3% | $166K+325.6% | $39K | N/A | $44K+228.1% | -$34K-156.4% | $61K-8.9% | $66K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | $245-99.8% | $147K+2.4% | $143K |
| SG&A Expenses | $62K+95.7% | $32K+3.8% | $31K | N/A | $105K+71.7% | $61K-35.2% | $94K-39.0% | $154K |
| Operating Income | -$3.1M+3.7% | -$3.2M+31.0% | -$4.6M | N/A | -$1.2M-36.7% | -$900K+31.0% | -$1.3M+26.8% | -$1.8M |
| Interest Expense | N/A | N/A | N/A | N/A | $225K+6840.0% | $3K0.0% | $3K0.0% | $3K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$3.3M-13.0% | -$2.9M+35.0% | -$4.5M | N/A | -$1.3M-50.1% | -$872K+33.4% | -$1.3M+25.3% | -$1.8M |
| EPS (Diluted) | $-0.37+5.1% | $-0.39+42.6% | $-0.68 | N/A | $-15.69-899.4% | $-1.57 | $-0.12 | N/A |
NTRP Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q1'24 | Q3'25 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.4M+3.7% | $13.9M+27.0% | $11.0M+115.3% | $5.1M | N/A | $2.8M-3.3% | $2.9M-32.2% | $4.3M |
| Current Assets | $4.3M+22.1% | $3.5M+126.2% | $1.6M-8.3% | $1.7M | N/A | $1.4M-4.2% | $1.5M-48.2% | $2.9M |
| Cash & Equivalents | $2.4M+32.1% | $1.8M+1303.8% | $131K-59.6% | $324K | N/A | $556K+50.9% | $368K-75.3% | $1.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | $775K-17.5% | $940K-0.5% | $944K |
| Accounts Receivable | $372K+39.5% | $267K+142.4% | $110K+223.1% | $34K | N/A | $59K+29.8% | $45K-78.4% | $210K |
| Goodwill | $3.1M0.0% | $3.1M+10.1% | $2.8M+142.9% | $1.2M | N/A | N/A | N/A | N/A |
| Total Liabilities | $8.1M+2.8% | $7.9M+85.1% | $4.3M+118.5% | $2.0M | N/A | $864K+59.1% | $543K-29.8% | $773K |
| Current Liabilities | $5.1M+1.0% | $5.0M+85.2% | $2.7M+37.7% | $2.0M | N/A | $864K+59.1% | $543K-29.8% | $773K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.9M+5.3% | $5.6M-16.2% | $6.7M+113.2% | $3.1M+201.5% | -$3.1M-256.0% | $2.0M-17.4% | $2.4M-32.7% | $3.6M |
| Retained Earnings | -$45.2M-7.8% | -$42.0M-7.9% | -$38.9M-61.0% | -$24.2M | N/A | -$53.4M-1.7% | -$52.5M-2.6% | -$51.2M |
NTRP Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q1'24 | Q3'25 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M-446.0% | $572K+154.9% | -$1.0M+69.9% | -$3.5M-297.6% | -$872K-406.9% | -$172K+70.9% | -$591K+54.8% | -$1.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $81K+13362.3% | $600-99.3% | $83K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$1.9M+16.7% | -$2.3M-8.4% | -$2.1M |
| Investing Cash Flow | $0+100.0% | -$471K+63.3% | -$1.3M-191.2% | $1.4M+1903.1% | -$78K-1487.2% | -$5K+97.0% | -$166K-248.0% | -$48K |
| Financing Cash Flow | $2.6M+60.1% | $1.6M+15.2% | $1.4M-24.3% | $1.8M+32.4% | $1.4M+38.1% | $1.0M+81.1% | $556K | N/A |
| Dividends Paid | N/A | N/A | $11K | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NTRP Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q1'24 | Q3'25 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.1%-3.7pp | 21.9%-6.2pp | 28.0% | N/A | 21.2%+45.3pp | -24.0%-86.4pp | 62.4%+11.3pp | 51.1% |
| Operating Margin | -257.0%+165.7pp | -422.7%+2919.4pp | -3342.1% | N/A | -598.2%+35.9pp | -634.1%+709.7pp | -1343.8%+25.1pp | -1368.8% |
| Net Margin | -272.9%+109.6pp | -382.5%+2828.1pp | -3210.6% | N/A | -635.7%-21.8pp | -613.9%+734.0pp | -1348.0%-2.1pp | -1345.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -22.7%-1.9pp | -20.8%+19.8pp | -40.7% | N/A | N/A | -30.7%+13.9pp | -44.6%-4.1pp | -40.5% |
| Current Ratio | 0.85+0.1 | 0.70+0.1 | 0.58-0.3 | 0.87 | N/A | 1.65-1.1 | 2.75-1.0 | 3.72 |
| Debt-to-Equity | 1.38-0.0 | 1.42+0.8 | 0.64+0.0 | 0.63 | N/A | 0.44+0.2 | 0.230.0 | 0.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -1240.6%-273.8pp | -966.8%+3103.6pp | -4070.4% |
Note: The current ratio is below 1.0 (0.96), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is NextTrip's annual revenue?
NextTrip (NTRP) reported $501K in total revenue for fiscal year 2025. This represents a 9.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NextTrip's revenue growing?
NextTrip (NTRP) revenue grew by 9.3% year-over-year, from $459K to $501K in fiscal year 2025.
Is NextTrip profitable?
No, NextTrip (NTRP) reported a net income of -$10.1M in fiscal year 2025, with a net profit margin of -2018.3%.
What is NextTrip's earnings per share (EPS)?
NextTrip (NTRP) reported diluted earnings per share of $-2.23 for fiscal year 2025. This represents a 93.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is NextTrip's EBITDA?
NextTrip (NTRP) had EBITDA of -$6.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is NextTrip's gross margin?
NextTrip (NTRP) had a gross margin of 0.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is NextTrip's operating margin?
NextTrip (NTRP) had an operating margin of -1478.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is NextTrip's net profit margin?
NextTrip (NTRP) had a net profit margin of -2018.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is NextTrip's operating cash flow?
NextTrip (NTRP) generated -$5.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NextTrip's total assets?
NextTrip (NTRP) had $9.9M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does NextTrip have outstanding?
NextTrip (NTRP) had 2M shares outstanding as of fiscal year 2025.
What is NextTrip's current ratio?
NextTrip (NTRP) had a current ratio of 0.96 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is NextTrip's debt-to-equity ratio?
NextTrip (NTRP) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NextTrip's return on assets (ROA)?
NextTrip (NTRP) had a return on assets of -101.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is NextTrip's cash runway?
Based on fiscal year 2025 data, NextTrip (NTRP) had $1.1M in cash against an annual operating cash burn of $5.1M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is NextTrip's Piotroski F-Score?
NextTrip (NTRP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NextTrip's earnings high quality?
NextTrip (NTRP) has an earnings quality ratio of 0.50x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is NextTrip?
NextTrip (NTRP) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.