NextTrip Financials
NextTrip (NTRP) reported $3.7M in revenue for fiscal year 2026, up 641.0% from the prior fiscal year. This page shows its 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).
Revenue expansion is being outpaced by operating costs, while reported net income is disconnected from recurring cash generation.
FY2026 net income was$16.2M even as operating cash flow was-$4.6M ; that mismatch means reported profit did not translate into cash from operations. The combination of a-$16.4M operating loss and17.6% gross margin means gross profit remained insufficient to support the operating structure.
Revenue reached
Cash of
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of NextTrip's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NextTrip's reported operating margin for fiscal year 2026 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 31/100.
NextTrip's revenue surged 641.0% year-over-year to $3.7M, reflecting rapid business expansion. This strong growth earns a score of 98/100.
NextTrip has a moderate D/E ratio of 1.36. This balance of debt and equity financing earns a leverage score of 39/100.
NextTrip's current ratio of 0.81 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.
NextTrip generates a 302.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 138.5% the prior year.
NextTrip scores -7.82, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($18.4M) relative to total liabilities ($7.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
NextTrip passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, NextTrip used $0.28 of operating cash (-$4.6M OCF vs $16.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
NextTrip generated $3.7M in revenue in fiscal year 2026. This represents an increase of 641.0% from the prior year.
NextTrip's EBITDA was -$15.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 127.9% from the prior year.
NextTrip reported $16.2M in net income in fiscal year 2026. This represents an increase of 59.3% from the prior year.
NextTrip earned -$1.82 per diluted share (EPS) in fiscal year 2026. This represents an increase of 18.4% from the prior year.
Cash & Balance Sheet
NextTrip held $1.7M in cash as of fiscal year 2026; long-term debt is not reported for that period.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
NextTrip's gross margin was 17.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 16.9 percentage points from the prior year.
NextTrip's ROE was 302.3% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 163.8 percentage points from the prior year.
Not shown for fiscal year 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for fiscal year 2026.
NTRP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M | $3.7M+641.0% | $501K+9.3% | $459K | $630K-61.8% | $1.7M+104.6% | $807K+100.6% | $402K+3.6% | $389K-39.4% | $641K-33.7% | $966K-21.7% | $1.2M+125.0% | $549K-48.8% | $1.1M+8.6% | $986K+23.7% | $797K |
| Cost of Revenue | $4.2M | $3.1M+514.9% | $498K+25.3% | $398K | $350K-37.5% | $560K-5.4% | $592K+3.1% | $574K+112.6% | $270K-0.8% | $272K+19.0% | $229K+7.0% | $214K | N/A | N/A | N/A | N/A |
| Gross Profit | $822K | $652K+19660.3% | $3K-94.6% | $61K | $280K-74.3% | $1.1M+406.6% | $216K+225.4% | -$172K-245.1% | $118K-67.9% | $369K-50.0% | $738K-27.8% | $1.0M+161.9% | $390K-33.1% | $583K+35.0% | $432K+12.1% | $385K |
| R&D Expenses | N/A | N/A | N/A | N/A | $405K-3.1% | $418K+230.8% | $126K-80.5% | $648K+31.3% | $493K+63.4% | $302K+150.4% | $121K-63.5% | $331K+50.8% | $219K+1435.1% | $14K | N/A | N/A |
| SG&A Expenses | $207K | $203K+112.7% | $95K-37.3% | $152K | $915K+24.6% | $734K+76.3% | $417K-44.3% | $748K+60.3% | $467K+43.6% | $325K+19.1% | $273K | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$14.6M | -$16.4M-120.8% | -$7.4M-30.5% | -$5.7M | -$8.7M-3.2% | -$8.5M-48.8% | -$5.7M+10.7% | -$6.4M-14.6% | -$5.6M-42.8% | -$3.9M | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | $0-100.0% | $234K | $7K-34.8% | $11K-19.0% | $14K+60.1% | $9K | N/A | N/A | N/A | $0 | $0 | $0-100.0% | $112-8.9% | $123 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | N/A | N/A |
| Net Income | $17.6M | $16.2M+59.3% | $10.2M+39.0% | $7.3M | -$8.7M-17.7% | -$7.4M-42.0% | -$5.2M+17.7% | -$6.3M-13.4% | -$5.6M-26.0% | -$4.4M-101.4% | -$2.2M-29.5% | -$1.7M+45.6% | -$3.1M-324.5% | -$734K-7.1% | -$686K+24.7% | -$910K |
| EPS (Diluted) | — | -$1.82+18.4% | -$2.23+93.1% | -$32.12 | -$70.32 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2023.
NTRP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.1M+31.6% | $9.9M+95.3% | $5.1M | $5.7M-58.8% | $13.8M+142.8% | $5.7M+237.0% | $1.7M-30.4% | $2.4M-28.4% | $3.4M+81.6% | $1.9M-41.4% | $3.2M-23.3% | $4.2M+192.7% | $1.4M+105.5% | $692K-45.8% | $1.3M |
| Current Assets | $3.2M+27.8% | $2.5M+45.1% | $1.7M | $4.3M-66.3% | $12.7M+165.2% | $4.8M+408.3% | $941K-46.2% | $1.7M-34.2% | $2.7M+192.0% | $910K-51.6% | $1.9M-40.7% | $3.2M+139.5% | $1.3M+194.1% | $450K-52.4% | $945K |
| Cash & Equivalents | $1.7M+59.7% | $1.1M+228.1% | $324K | $2.8M-75.1% | $11.4M+209.3% | $3.7M+4157.8% | $87K-93.2% | $1.3M-15.6% | $1.5M+280.4% | $398K-74.1% | $1.5M-48.0% | $3.0M+198.5% | $992K+561.3% | $150K-77.0% | $653K |
| Inventory | N/A | N/A | N/A | $951K+33.9% | $710K+7.6% | $660K+10.2% | $599K+149.4% | $240K+24.6% | $193K+2.9% | $187K+830.2% | $20K-64.2% | $56K+4713.6% | $1K | $0 | N/A |
| Accounts Receivable | $119K+428.1% | $23K-33.8% | $34K | $372K-9.8% | $412K+24.3% | $332K+497.0% | $56K+43.1% | $39K-62.9% | $105K-63.7% | $288K+2.9% | $280K+138.0% | $118K-61.2% | $303K+11.0% | $273K+3.5% | $264K |
| Goodwill | $3.1M+167.5% | $1.2M0.0% | $1.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.3M+184.5% | $2.6M+31.1% | $2.0M | $629K-35.9% | $981K+82.8% | $537K-48.3% | $1.0M+49.4% | $696K+81.7% | $383K-57.1% | $892K+711.8% | $110K-69.0% | $354K+151.0% | $141K+5.4% | $134K-23.3% | $175K |
| Current Liabilities | $3.9M+52.2% | $2.6M+31.1% | $2.0M | $629K-35.9% | $981K+117.7% | $451K-56.6% | $1.0M+49.4% | $696K+81.7% | $383K-52.1% | $799K+627.0% | $110K-69.0% | $354K+151.0% | $141K+5.4% | $134K-23.3% | $175K |
| Total Equity | $5.4M-27.0% | $7.4M+135.5% | $3.1M | $5.1M-60.5% | $12.9M+149.0% | $5.2M+691.7% | $652K-62.4% | $1.7M-42.4% | $3.0M+208.3% | $977K-67.8% | $3.0M-20.4% | $3.8M+197.3% | $1.3M+129.5% | $558K-49.4% | $1.1M |
| Retained Earnings | -$50.6M-47.3% | -$34.3M-42.2% | -$24.2M | -$49.3M-21.6% | -$40.6M-22.6% | -$33.1M-26.9% | -$26.1M-32.0% | -$19.8M-39.4% | -$14.2M-45.3% | -$9.8M-29.0% | -$7.6M-28.9% | -$5.9M-113.2% | -$2.8M-36.4% | -$2.0M-51.5% | -$1.3M |
Not reported in any period shown, so not listed: Long-Term Debt.
No annual filing on record for: FY2023.
NTRP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.9M | -$4.6M+10.2% | -$5.1M+11.4% | -$5.7M | -$8.2M-30.4% | -$6.3M-31.0% | -$4.8M+12.8% | -$5.5M-46.6% | -$3.8M-42.6% | -$2.6M-34.5% | -$2.0M-55.7% | -$1.3M-41.9% | -$889K-185.4% | -$311K+35.4% | -$482K+16.3% | -$575K |
| Capital Expenditures | N/A | N/A | N/A | $9K | $165K-9.8% | $183K+107.2% | $88K+163.0% | $33K-57.7% | $79K+13.9% | $69K | N/A | $78K-90.3% | $812K+6891.7% | $12K+2007.6% | $551-93.8% | $9K |
| Free Cash Flow | N/A | N/A | N/A | -$5.7M | -$8.4M-29.2% | -$6.5M-32.3% | -$4.9M+11.7% | -$5.5M-44.4% | -$3.8M-41.9% | -$2.7M | N/A | -$1.3M+21.3% | -$1.7M-426.6% | -$323K+33.1% | -$482K+17.4% | -$584K |
| Investing Cash Flow | -$1.7M | -$2.7M-163.3% | -$1.0M-205.4% | $981K | -$389K-8.1% | -$360K-20.6% | -$298K-247.7% | -$86K-121.3% | $404K+143.5% | -$929K-1074.4% | -$79K+51.1% | -$162K | N/A | -$27K-26.5% | -$21K+2.7% | -$22K |
| Financing Cash Flow | $8.2M | $7.9M+15.5% | $6.9M+43.0% | $4.8M | $8.1M-43.5% | $14.4M+65.2% | $8.7M+97.9% | $4.4M+41.1% | $3.1M-33.3% | $4.7M+420.5% | $900K | $0 | N/A | $1.2M+345172.8% | $342-100.0% | $1.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | -$13K |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2023.
NTRP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.6%+16.9pp | 0.7%-12.7pp | 13.3% | 44.5%-21.6pp | 66.1%+39.4pp | 26.7%+69.4pp | -42.7%-73.2pp | 30.5%-27.0pp | 57.5%-18.8pp | 76.3%-6.4pp | 82.7%+11.6pp | 71.0%+16.6pp | 54.4%+10.6pp | 43.8%-4.5pp | 48.3% |
| Operating Margin | -440.4% | -1478.5% | -1238.0% | -1387.8% | -513.4% | -705.7% | -1586.2% | -1433.1% | -608.2% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 437.3% | 2034.0% | 1599.8% | -1378.8% | -447.1% | -644.0% | -1570.6% | -1434.5% | -690.2% | -227.3% | -137.4% | -567.9% | -68.5%+1.0pp | -69.5% | -114.1% |
| Return on Equity | 302.3%+163.8pp | 138.5%-96.2pp | 234.6% | -171.3%-113.9pp | -57.4%+43.3pp | -100.7%+868.4pp | -969.1%-647.9pp | -321.2%-174.3pp | -146.9%+77.9pp | -224.8%-168.9pp | -56.0%+25.9pp | -81.9%-24.5pp | -57.3%+65.6pp | -122.9%-40.3pp | -82.6% |
| Return on Assets | 124.3%+21.6pp | 102.6%-41.6pp | 144.2% | -152.4%-99.0pp | -53.3%+37.9pp | -91.2%+282.5pp | -373.7%-144.4pp | -229.3%-98.9pp | -130.3%-12.8pp | -117.5%-64.3pp | -53.2%+21.7pp | -74.9%-23.3pp | -51.6%+47.5pp | -99.1%-27.8pp | -71.3% |
| Current Ratio | 0.81-0.2x | 0.96+0.1x | 0.87 | 6.79-6.1x | 12.93+2.3x | 10.61+9.7x | 0.91-1.6x | 2.51-4.4x | 6.94+5.8x | 1.14-16.0x | 17.09+8.2x | 8.93-0.4x | 9.37+6.0x | 3.36-2.1x | 5.41 |
| Debt-to-Equity | 1.36+1.0x | 0.35-0.3x | 0.63 | 0.120.0x | 0.080.0x | 0.10-1.5x | 1.59+1.2x | 0.40+0.3x | 0.13-0.8x | 0.91+0.9x | 0.04-0.1x | 0.090.0x | 0.11-0.1x | 0.24+0.1x | 0.16 |
| FCF Margin | N/A | N/A | -1251.4% | -1328.7% | -392.4% | -606.6% | -1378.6% | -988.8% | -422.4% | N/A | -108.4% | -309.9% | -30.1%+18.8pp | -48.9%+24.4pp | -73.3% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
No annual filing on record for: FY2023.
Note: The current ratio is below 1.0 (0.81), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Where NextTrip Ranks
Frequently Asked Questions
What is NextTrip's annual revenue?
NextTrip (NTRP) reported $3.7M in total revenue for fiscal year 2026. This represents a 641.0% 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 641.0% year-over-year, from $501K to $3.7M in fiscal year 2026.
Is NextTrip profitable?
Yes, NextTrip (NTRP) reported a net income of $16.2M in fiscal year 2026.
What is NextTrip's EBITDA?
NextTrip (NTRP) had EBITDA of -$15.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is NextTrip's gross margin?
NextTrip (NTRP) had a gross margin of 17.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is NextTrip's return on equity (ROE)?
NextTrip (NTRP) has a return on equity of 302.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is NextTrip's operating cash flow?
NextTrip (NTRP) recorded an outflow of $4.6M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are NextTrip's total assets?
NextTrip (NTRP) had $13.1M in total assets as of fiscal year 2026, including both current and long-term assets.
What is NextTrip's current ratio?
NextTrip (NTRP) had a current ratio of 0.81 as of fiscal year 2026, 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 1.36 as of fiscal year 2026, 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 124.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is NextTrip's Altman Z-Score?
NextTrip (NTRP) has an Altman Z-Score of -7.82, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is NextTrip's Piotroski F-Score?
NextTrip (NTRP) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NextTrip's earnings high quality?
For every $1 of reported earnings, NextTrip (NTRP) used $0.28 of operating cash (-$4.6M OCF vs $16.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 34 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.