NextTrip, Inc. (NTRP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Jul 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NTRP SEC filings page.
NextTrip, Inc. (NTRP) reported $5.0M in revenue over the twelve months to May 31, 2026, up 1013.8% from the prior twelve months. 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 recovered, but operating losses remained deep and positive net income did not become operating cash.
FY2026 paired net income of$16.2M with operating cash flow of-$4.6M , exposing a wide earnings–cash gap. That mismatch alongside a$16.4M operating loss indicates reported earnings were not being created by the core business.
Revenue reached
The balance sheet became more constrained as the current ratio fell from 1.0x to 0.8x and debt-to-equity rose from 0.3x to 1.4x; short-term claims exceeded current assets while leverage increased. FY2026 financing cash flow 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, Inc.'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, Inc.'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 18/100.
NextTrip, Inc.'s revenue surged 641.0% year-over-year to $3.7M, reflecting rapid business expansion. This strong growth earns a score of 99/100.
NextTrip, Inc. has a moderate D/E ratio of 1.36. This balance of debt and equity financing earns a leverage score of 40/100.
NextTrip, Inc.'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, Inc. generates a 302.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is up from 138.5% the prior year.
NextTrip, Inc. scores -7.07, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($27.6M) 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, Inc. 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, Inc. 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.
NextTrip, Inc. reported an operating loss of $16.4M against $1.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
NextTrip, Inc. generated $1.5M in revenue in Q1 2027. This represents an increase of 945.7% from the same quarter a year earlier. Against the prior quarter it is down 10.3%.
NextTrip, Inc.'s EBITDA was -$2.6M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 41.9% from the same quarter a year earlier. Against the prior quarter it is up 48.8%.
NextTrip, Inc. reported -$3.1M in net income in Q1 2027. This represents an increase of 29.9% from the same quarter a year earlier. Against the prior quarter it is down 111.6%.
NextTrip, Inc. earned -$0.22 per diluted share (EPS) in Q1 2027. Against the prior quarter it is up 48.8%.
Cash & Balance Sheet
NextTrip, Inc. held $803K in cash as of Q1 2027; long-term debt is not reported for that period.
Not reported for Q1 2027.
Not reported for Q1 2027.
Margins & Returns
NextTrip, Inc.'s gross margin was 14.3% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 13.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
NextTrip, Inc.'s ROE was -84.4% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 17.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 584.5 percentage points.
Not shown for Q1 2027: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2027: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q1 2027.
NTRP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M+945.7% | $1.6M+1838.9% | $1.2M+1508.0% | $758K+390.4% | $139K-26.5% | $83K+499.3% | $75K-63.7% | $154K+59.2% |
| Cost of Revenue | $1.2M+1144.6% | $1.4M+1403.7% | $983K+1180.3% | $592K+280.9% | $100K-42.4% | $92K+304.0% | $77K-52.6% | $155K+326.0% |
| Gross Profit | $208K+434.9% | $231K+2708.7% | $217K+10377.8% | $166K+17401.5% | $39K+155.8% | -$9K+0.9% | -$2K-104.8% | -$957-101.6% |
| SG&A Expenses | $35K+13.2% | $78K+437.6% | $62K+96.9% | $32K+46.4% | $31K+11.0% | $15K+113.5% | $32K-69.9% | $22K-77.0% |
| Operating Income | -$2.9M+37.2% | -$5.4M-145.1% | -$3.1M-73.9% | -$3.2M-118.0% | -$4.6M-137.6% | -$2.2M+1.1% | -$1.8M-44.1% | -$1.5M-12.7% |
| EBITDA | -$2.6M+41.9% | -$5.0M-147.2% | -$2.8M-73.1% | -$3.0M-117.4% | -$4.4M-166.3% | -$2.0M-86.1% | -$1.6M-69.6% | -$1.4M-7.1% |
| Interest Expense | $252K-9.0% | $187K+155.8% | $355K+50.1% | $288K+348.8% | $276K+684.5% | -$336K-323.0% | $236K+206.3% | $64K+1885.4% |
| Net Income | -$3.1M+29.9% | $26.9M+71.0% | -$3.3M-63.0% | -$2.9M-88.8% | -$4.5M-125.3% | $15.7M+45.2% | -$2.0M-53.6% | -$1.5M-17.3% |
| EPS (Basic) | -$0.22+67.6% | -$0.43+51.1% | -$0.37-5.7% | -$0.39+65.8% | -$0.68+56.1% | -$0.88-108.3% | -$0.35+97.8% | -$1.14-850.0% |
| EPS (Diluted) | -$0.22 | -$0.43+51.1% | -$0.37 | -$0.39 | -$0.68 | -$0.88-108.3% | -$0.35 | -$1.14 |
| Diluted Shares (Avg) | 14M | N/A | 9M | 8M | 7M | N/A | 6M | 1M |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
NTRP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.3M+12.4% | $13.1M+31.6% | $14.4M+189.7% | $13.9M+184.5% | $11.0M+133.1% | $9.9M+95.3% | $5.0M | $4.9M+66.6% |
| Current Assets | $2.5M+60.0% | $3.2M+27.8% | $4.3M+182.1% | $3.5M+159.4% | $1.6M+9.3% | $2.5M+45.1% | $1.5M | $1.4M-8.9% |
| Cash & Equivalents | $803K+513.8% | $1.7M+59.7% | $2.4M+15677.0% | $1.8M+1701.5% | $131K+256.9% | $1.1M+228.1% | $15K | $102K-72.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $252K+129.2% | $119K+428.1% | $372K+2264.2% | $267K+2283.0% | $110K+296.7% | $23K-33.8% | $16K | $11K-75.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.1M+10.1% | $3.1M+167.5% | $3.1M+167.5% | $3.1M+167.5% | $2.8M+142.9% | $1.2M0.0% | $1.2M | $1.2M |
| Total Liabilities | $7.4M+73.2% | $7.3M+184.5% | $8.1M+27.5% | $7.9M+57.9% | $4.3M+21.3% | $2.6M+31.1% | $6.4M | $5.0M+825.1% |
| Current Liabilities | $4.1M+51.5% | $3.9M+52.2% | $5.1M-21.0% | $5.0M-0.4% | $2.7M-23.6% | $2.6M+31.1% | $6.4M | $5.0M+825.1% |
| Non-Current Liabilities | $3.3M+110.1% | $3.4M | $3.1M | $2.9M | $1.6M | $0 | $0 | $0 |
| Total Equity | $3.7M-44.5% | $5.4M-27.0% | $5.9M+516.0% | $5.6M+4269.6% | $6.7M+472.2% | $7.4M+135.5% | -$1.4M+54.1% | -$134K-105.6% |
| Retained Earnings | -$53.7M-38.3% | -$50.6M-47.3% | -$45.2M-52.3% | -$42.0M-51.5% | -$38.9M-48.7% | -$34.3M-42.2% | -$29.7M | -$27.7M+47.3% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.3M-124.7% | -$2.1M-8.5% | -$2.0M-67.4% | $572K+170.6% | -$1.0M+8.7% | -$1.9M+43.9% | -$1.2M-35.7% | -$810K-37.0% |
| Depreciation & Amortization | $337K+62.9% | $402K+121.5% | $273K+83.2% | $217K+127.0% | $207K-28.1% | $181K-65.6% | $149K-45.5% | $95K+344.4% |
| Stock-Based Compensation | -$14K-109.9% | N/A | N/A | N/A | $138K+743.8% | N/A | $6K | $14K-90.0% |
| Investing Cash Flow | -$238K+81.5% | -$970K-71.6% | $0+100.0% | -$471K-113.8% | -$1.3M-656.5% | -$565K-140.2% | -$79K-1.6% | -$220K-32.6% |
| Financing Cash Flow | $1.7M+21.2% | $2.3M-34.0% | $2.6M+118.7% | $1.6M+46.5% | $1.4M+35.9% | $3.6M+93.3% | $1.2M-15.4% | $1.1M+97.2% |
| Dividends Paid | $9K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
NTRP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.3%-13.7pp | 14.2%+24.8pp | 18.1%+21.0pp | 21.9%+22.5pp | 28.0%+20.0pp | -10.6%+53.4pp | -2.8%-24.1pp | -0.6%-63.0pp |
| Operating Margin | -200.7% | -335.9% | -257.0% | -422.7% | -3342.1% | -2656.6% | -2376.3% | -951.0% |
| Net Margin | -215.3% | 1660.3% | -272.9% | -382.5% | -3210.6% | 18828.6% | -2692.1% | -993.3% |
| Return on Equity | -84.4%-17.6pp | 500.1%+286.7pp | -55.6% | -51.8% | -66.8%+102.9pp | 213.5%-132.7pp | N/A | N/A |
| Return on Assets | -25.4%+15.3pp | 205.5%+47.3pp | -22.7%+17.7pp | -20.8%+10.6pp | -40.7%+1.4pp | 158.2%-54.5pp | -40.4% | -31.4%+13.2pp |
| Current Ratio | 0.610.0x | 0.81-0.2x | 0.85+0.6x | 0.70+0.4x | 0.58+0.2x | 0.96+0.1x | 0.24 | 0.27-2.5x |
| Debt-to-Equity | 2.00+1.4x | 1.36+1.0x | 1.38 | 1.42 | 0.64-2.4x | 0.35-0.3x | N/A | N/A |
| Asset Turnover | 0.12+0.1x | 0.12+0.1x | 0.08+0.1x | 0.050.0x | 0.010.0x | 0.010.0x | 0.01 | 0.030.0x |
Not reported in any period shown, so not listed: FCF Margin.
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.
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
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| NextTrip, Inc. NTRP | FY2026 | $3.7M | $16.2M | N/A | $27.6M | 32/100 |
| Inspirato Incorporated ISPO | FY2024 | $279.9M | -$5.4M | -1.9% | $53.5M | 4/100 |
| Tuniu Corporation TOUR | FY2025 | $82.6M | $4.5M | 5.4% | $54.2M | 58/100 |
| Yatra Online, Inc. YTRA | FY2025 | $93.1M | $274K | 0.3% | $59.5M | 27/100 |
| E-Home Household Service Holdings Limited EJH | FY2025 | $49.4M | -$3.1M | -6.4% | $4.0M | 65/100 |
| YY Group Holding Limited YYGH | FY2025 | $57.2M | -$21.6M | -37.7% | $4.7M | 34/100 |
Where NextTrip, Inc. Ranks
Frequently Asked Questions
What is NextTrip, Inc.'s annual revenue?
NextTrip, Inc. (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, Inc.'s revenue growing?
NextTrip, Inc. (NTRP) revenue grew by 641.0% year-over-year, from $501K to $3.7M in fiscal year 2026.
Is NextTrip, Inc. profitable?
Yes, NextTrip, Inc. (NTRP) reported a net income of $16.2M in fiscal year 2026.
What is NextTrip, Inc.'s EBITDA?
NextTrip, Inc. (NTRP) had EBITDA of -$15.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is NextTrip, Inc.'s gross margin?
NextTrip, Inc. (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, Inc.'s return on equity (ROE)?
NextTrip, Inc. (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, Inc.'s operating cash flow?
NextTrip, Inc. (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, Inc.'s total assets?
NextTrip, Inc. (NTRP) had $13.1M in total assets as of fiscal year 2026, including both current and long-term assets.
What is NextTrip, Inc.'s current ratio?
NextTrip, Inc. (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, Inc.'s debt-to-equity ratio?
NextTrip, Inc. (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, Inc.'s return on assets (ROA)?
NextTrip, Inc. (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, Inc.'s P/E ratio?
NextTrip, Inc. (NTRP) trades at 1.6x earnings, its market capitalization divided by net income of $17.6M net income, trailing 12 months to May 31, 2026. The market capitalization is $27.6M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NextTrip, Inc.'s price-to-sales ratio?
NextTrip, Inc. (NTRP) trades at 5.5x sales, its market capitalization divided by revenue of $5.0M revenue, trailing 12 months to May 31, 2026. The market capitalization is $27.6M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does NextTrip, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, NextTrip, Inc. (NTRP) held $1.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $4.6M over that year. Dividing the one by the other, the reported balance equals about 4 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is NextTrip, Inc.'s Altman Z-Score?
NextTrip, Inc. (NTRP) has an Altman Z-Score of -7.07, 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, Inc.'s Piotroski F-Score?
NextTrip, Inc. (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, Inc.'s earnings high quality?
For every $1 of reported earnings, NextTrip, Inc. (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.
Can NextTrip, Inc. cover its interest payments?
NextTrip, Inc. (NTRP) reported an operating loss of $16.4M against $1.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NextTrip, Inc.?
NextTrip, Inc. (NTRP) scores 32 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.