Every 10-Q that NextTrip, Inc. (NTRP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NTRP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NTRP filings page.
NextTrip, Inc. reported revenue of $1,451,735 for the three months ended May 31, 2026, up sharply from $138,827 a year earlier, generating gross profit of $208,099. Operating expenses fell to $3,121,852 from $4,678,643, reducing the operating loss to $2,913,753 and net loss to $3,125,469, or $0.22 per share.
Cash declined to $803,490, with net cash used in operating activities of $2,343,339 and a working capital deficit of $1,599,429. Management disclosed an accumulated deficit of $53,742,579 and stated there is substantial doubt about continuing as a going concern without additional financing. The company continued integrating travel and media acquisitions (including FSA Travel, TA Pipeline, JOURNY.tv and GoUSA TV assets), added mezzanine equity and related-party debt, and carried derivative and contingent liabilities tied to put options and earnouts.
NextTrip, Inc. reports sharp growth in its travel and media platform but continues to post sizable losses. For the nine months ended November 30, 2025, revenue rose to $2,096,605 from $417,926 a year earlier, while the net loss widened to $10,630,953 from $5,522,631.
Operating expenses more than doubled to $11,349,353, driven by professional fees, organization costs, technology spending and non‑cash stock-based compensation. Cash used in operating activities was $2,450,860, partly funded by $5,567,960 of financing inflows and $1,752,168 of investing outflows, including acquisitions.
Total assets increased to $14,424,933 as the company completed the FSA Travel, TA Pipeline and JOURNY.tv transactions, raising goodwill to $3,123,684 and intangible assets to $3,809,004. However, liabilities climbed to $8,149,753, the company disclosed a working capital deficit, an accumulated deficit of $45,239,191, and explicitly stated there is substantial doubt about its ability to continue as a going concern without additional funding.
NextTrip, Inc. (NTRP) filed its Q2 FY2026 10‑Q for the quarter ended August 31, 2025. Revenue rose to $757,648 from $154,498 a year ago, producing gross profit of $165,575. Operating expenses were $3.37M, driving an operating loss of $3.20M and a net loss of $2.90M (basic and diluted loss per share $0.39).
Cash was $1.84M, total assets $13.91M, and total liabilities $7.93M. Current liabilities were $5.00M versus current assets of $3.52M. The company recorded mezzanine equity of $387,000 and stockholders’ equity of $5.59M. Management disclosed “substantial doubt” about continuing as a going concern.
The quarter included multiple transactions: completion of the FSA Travel step acquisition (total consideration $2.78M, goodwill $1.67M), the Journy.tv asset purchase (total consideration $415,200 plus a license fee of $336,801), and the TA Pipeline LLC acquisition (consideration $1.14M, including $443,168 cash and 96,774 shares valued at $387,000). TA-related earnout of up to $200,000 and a put option created a derivative liability of $120,000 and contingent consideration of $180,000 at quarter-end.