NextTrip, Inc.
4.4600-0.27 (-5.71%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · NTRP · USD
Key Stats
Market Cap
38.34MP/E (TTM)
-Basic EPS (TTM)
-0.62Dividend Yield
0%Recent Filings
8-K
Q2 revenue surges 446%
NextTrip reported Q2 fiscal 2026 revenues of $757,648, up 446% from Q1's $138,827 and exceeding the prior full-year total, fueled by acquisitions like TA Pipeline and media expansions including JOURNY's VOD launch and Travel Magazine 2.0. Non-cash fees from reverse takeover and board changes weighed on results but built a growth foundation. Momentum builds.
10-Q
Q2 FY2026 results
NextTrip's Q2 FY2026 revenue jumped 390% y/y to $757.6K, fueled by group travel and Five Star Alliance commissions, while gross margin swung to 21.9% from a slim loss. Yet operating expenses ballooned 129% y/y to $3.4M, driven by $1.4M in professional fees and $470K organizational costs, yielding a $3.2M operating loss—wider than last year's $1.5M. Acquisitions like TA Pipeline (closed Aug 2025 for $443K cash/$387K stock, recognizing $287K goodwill and $910K intangibles) and FSA Travel bolstered inventory but spiked amortization. Cash rose to $1.8M on $3M related-party line drawdown, though $2.8M debt and $564K interest (derived) signal liquidity strain. Non-GAAP metrics not disclosed in the 10-Q. Competition from OTAs could squeeze margins further.
8-K
JOURNY launches originals slate
NextTrip announced its first slate of six JOURNY Originals on October 13, 2025, marking a shift from curation to content creation in travel storytelling. These premium series, premiering in 2026 and hosted by talents like Lauren Camilleri and Kid David, anchor the VOD platform launch and FAST expansions, including a late-2025 Southeast Asia push via KC Global Media. JOURNY's 17 million monthly viewers now fuel the content-to-commerce model. Risks include execution uncertainties in global growth.
8-K
NextTrip launches TIDE series
NextTrip announced production of TIDE, a sponsored original series blending cultural discovery and dining, set to debut exclusively on JOURNY's streaming and VOD platforms in spring 2026. Filmed aboard Sea Cloud Cruises' Sea Cloud Spirit in the British Virgin Islands with Chef Ben Robinson, the series highlights immersive pop-up meals during a January 2026 voyage. This stakeholder-funded content drives engagement and marketing value for partners. Yet risks like production delays loom.
8-K
Debt converted to preferred stock
NextTrip converted $152,970 in related-party loans from independent directors Carmen Diges and Stephen Kircher into 47,803 shares of Series Q Nonvoting Convertible Preferred Stock at $3.20 per share, effective September 3, 2025, with the agreement dated September 15. This debt-for-equity swap strengthens the balance sheet by eliminating unsecured promissory notes. Conversion to common stock requires stockholder approval under Nasdaq rules. Directors retain influence through preferred holdings.
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