A Business at a Glance
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NextTrip, Inc.
NTRP
$40M
Mkt Cap
$1.75
-2.23%
NextTrip, Inc. (NTRP) has a 5-year average return on invested capital (ROIC) of -91.3%. This is below average and may indicate limited pricing power.
NextTrip, Inc. (NTRP) has a market capitalization of $22M. It is classified as a small-cap stock.
NextTrip, Inc. (NTRP) does not currently pay a regular dividend.
NextTrip, Inc. (NTRP) operates in the Transportation Services industry, within the Industrials sector.
NextTrip, Inc. (NTRP) generated $-6 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
NextTrip, Inc. (NTRP) has a debt-to-equity ratio of 0.35. This indicates a conservatively financed balance sheet.
NextTrip, Inc. (NTRP) reported earnings per share (EPS) of $-0.45 in its most recent fiscal year.
ITEM 1. BUSINESS. NextTrip, Inc. (the “Company,” “NextTrip,” “we,” “us” and “our”) is an early-stage, technology-driven travel company developing an integrated travel booking and media platform designed to connect leisure, group and business travelers to the world. Our travel booking platform is powered by our proprietary NXT2.0 booking engine, which offers extensive inventory, supporting both travelers and distributors with a platform for curating personalized experiences and efficient trip planning and booking. We market our travel services through several core brands including NextTrip Vacations (direct-to-consumer leisure travel), Five Star Alliance (luxury and cruise bookings) and NextTrip Business (small-to-mid-sized corporate travel) and differentiate our platform through specialty features, including specialized widgets for groups (the “Groups Platform”) and travel agents (the “Travel Agent Platform”) and PayDlay, a delayed payment booking option.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.2M | - | 459K | 383K | - | - |
| Net Income | -16M | -10M | - | - | -8.7M | -7.5M |
| EPS | $-2.25 | $-0.45 | $-3.21 | $-98.45 | $-1.16 | $-1.06 |
| Free Cash Flow | -4.6M | -5.6M | -5.7M | -3.8M | -8.4M | -6.5M |
| ROIC | -109.8% | -79.5% | - | - | -136.2% | -58.2% |
| Gross Margin | 18.9% | - | 13.3% | 7.3% | - | - |
| Debt/Equity | 1.02 | 0.35 | 0.63 | 6.68 | 0.12 | 0.08 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | -13M | -7.4M | -5.7M | -5.0M | -8.7M | -8.5M |
| Operating Margin | -603.0% | - | -1238.0% | -1293.5% | - | - |
| ROE | -263.8% | -194.4% | - | - | -97.6% | -83.1% |
| Shares Outstanding | 13M | 23M | - | 1M | 8M | 7M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | 1.2M | N/A | N/A | 389K | N/A | N/A | N/A | N/A | 383K | 459K | N/A | 2.2M |
| Gross Margin | N/A | 82.7% | N/A | N/A | 30.5% | N/A | N/A | N/A | N/A | 7.3% | 13.3% | N/A | 18.9% |
| R&D | 219K | 331K | 121K | 302K | 493K | 648K | 126K | 418K | 405K | N/A | N/A | N/A | N/A |
| SG&A | 1.0M | 1.3M | 273K | 325K | 467K | 748K | 417K | 734K | 915K | 210K | 152K | 95K | 139K |
| EBIT | -3.1M | -1.7M | -2.2M | -3.9M | -5.6M | -6.4M | -5.7M | -8.5M | -8.7M | -5.0M | -5.7M | -7.4M | -13M |
| Op. Margin | N/A | -137.4% | N/A | N/A | -1433.1% | N/A | N/A | N/A | N/A | -1293.5% | -1238.0% | N/A | -603.0% |
| Net Income | -3.1M | -1.7M | -2.2M | -4.4M | N/A | -6.3M | -7.0M | -7.5M | -8.7M | N/A | N/A | -10M | -16M |
| Net Margin | N/A | -137.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -712.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15K | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -64.7% | N/A | -138.5% | -181.6% | N/A | N/M | N/M | -58.2% | -136.2% | N/A | N/A | -79.5% | -109.8% |
| ROE | -122.5% | N/A | -109.6% | -221.8% | N/A | -969.1% | -241.0% | -83.1% | -97.6% | N/A | N/A | -194.4% | -263.8% |
| ROA | -111.7% | -46.2% | -86.9% | -168.1% | N/A | -306.6% | -189.6% | -76.6% | -89.5% | N/A | N/A | -135.8% | -107.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -889K | -1.3M | -2.0M | -2.6M | -3.8M | -5.5M | -4.8M | -6.3M | -8.2M | -3.8M | -5.7M | -5.1M | -4.4M |
| Free Cash Flow | -1.7M | -1.3M | -2.0M | -2.7M | -3.8M | -5.5M | -4.9M | -6.5M | -8.4M | -3.8M | -5.7M | -5.6M | -4.6M |
| Owner Earnings | -1.5M | -2.0M | -2.5M | -3.6M | -5.1M | -6.2M | -5.5M | -7.5M | -9.1M | -4.5M | -7.3M | -5.9M | -5.4M |
| CapEx | 812K | 78K | 22K | 69K | 79K | 33K | 88K | 183K | 165K | 3K | 9K | 535K | 175K |
| Maint. CapEx | 23K | 252K | 179K | 197K | 192K | 193K | 105K | 94K | 116K | 707K | 1.5M | 713K | 877K |
| Growth CapEx | 789K | 0 | 0 | 0 | 0 | 0 | 0 | 88K | 48K | 0 | 0 | 0 | 0 |
| D&A | 23K | 252K | 179K | 197K | 192K | 193K | 105K | 94K | 116K | 707K | 1.5M | 713K | 877K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 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 |
| Share Buybacks | 0 | 0 | 258K | 76K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 583K | 518K | 342K | 720K | 1.1M | 497K | 597K | 1.1M | 793K | 49K | 117K | 68K | 170K |
| Debt Repayment | 0 | 0 | 0 | 0 | 41K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -1.5M | 253K | -1.3M | -1.2M | 13K | -3.7M | N/A | N/A | 3.0M | N/A | N/A | 3.6M |
| Cash & Equiv. | 3.0M | 1.5M | 398K | 1.5M | 1.3M | 87K | 3.7M | 11M | 2.8M | 282K | 324K | 1.1M | 2.4M |
| Long-Term Debt | N/A | 0 | 562K | 100K | 50K | 50K | 50K | N/A | N/A | N/A | N/A | N/A | 3.0M |
| Debt/Equity | 0.09 | N/A | 0.67 | 0.07 | 0.06 | 0.15 | 0.01 | 0.08 | 0.12 | 6.68 | 0.63 | 0.35 | 1.02 |
| Interest Coverage | N/A | N/A | -53.6 | -24.1 | -1404.1 | -735.0 | -409.7 | -752.8 | -1191.2 | -68.4 | -24.2 | N/A | N/A |
| Equity | 3.8M | N/A | 977K | 3.0M | 1.7M | 652K | 5.2M | 13M | 5.1M | 484K | 3.1M | 7.4M | 5.9M |
| Total Assets | 4.2M | 3.2M | 1.9M | 3.4M | 2.4M | 1.7M | 5.7M | 14M | 5.7M | 5.9M | 5.1M | 9.9M | 14M |
| Total Liabilities | 354K | N/A | 892K | 383K | 696K | 1.0M | 537K | 981K | 629K | 5.4M | 2.0M | 2.6M | 8.1M |
| Intangibles | 96K | 168K | 226K | 294K | 405K | 569K | 753K | 925K | 1.1M | 2.6M | 2.2M | 2.1M | 3.8M |
| Retained Earnings | -5.9M | -7.6M | -9.8M | -14M | -20M | -26M | -33M | -41M | -49M | -17M | -24M | -34M | -45M |
| Working Capital | 2.8M | 1.8M | 111K | 2.3M | 1.1M | -98K | 4.3M | 12M | 3.6M | -2.3M | -262K | -106K | -750K |
| Current Assets | 3.2M | 1.9M | 910K | 2.7M | 1.7M | 941K | 4.8M | 13M | 4.3M | 2.2M | 1.7M | 2.5M | 4.3M |
| Current Liabilities | 354K | 110K | 799K | 383K | 696K | 1.0M | 451K | 981K | 629K | 4.5M | 2.0M | 2.6M | 5.1M |
| Per Share Data | |||||||||||||
| EPS | -8.82 | -476.28 | -6.17 | -6.30 | -51.03 | -33.83 | -2.56 | -1.06 | -1.16 | -98.45 | -3.21 | -0.45 | -2.25 |
| Owner EPS | -4.23 | -570.29 | -6.98 | -5.06 | -36.61 | -33.21 | -2.01 | -1.06 | -1.21 | -8.16 | N/A | -0.26 | -0.43 |
| Book Value | 10.77 | N/A | 2.75 | 4.29 | 12.46 | 3.49 | 1.89 | 1.83 | 0.67 | 0.87 | N/A | 0.32 | 0.47 |
| Cash Flow/Share | -2.52 | -353.91 | -5.51 | -3.76 | -27.01 | -29.52 | -1.76 | -0.90 | -1.09 | -6.80 | N/A | -0.22 | -1.17 |
| Dividends/Share | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 0.4M | 0.0M | 0.4M | 0.7M | 0.1M | 0.2M | 2.7M | 7.0M | 7.5M | 0.6M | N/A | 22.9M | 12.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.8 |
| P/FCF | 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 |
| EV/EBIT | 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 |
| Price/Book | 102.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.7 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.1 |
| FCF Yield | -0.4% | -0.0% | -0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -20.8% |
| Market Cap | 391M | 6.6B | 6.1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22M |
| Avg. Price | 3,790.07 | 4,327.32 | 2,858.68 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.75 |
| Year-End Price | 5,020.00 | 2,040.00 | 1,884.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.75 |
NextTrip, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 10.3%.
NextTrip, Inc. (NTRP) has a return on equity (ROE) of -194.4%. A negative ROE may indicate losses or negative equity.
NextTrip, Inc. (NTRP) has a 5-year average gross margin of 10.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for NextTrip, Inc. (NTRP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NextTrip, Inc. (NTRP) has a book value per share of $0.32, based on its most recent annual SEC filing.