olivLaw · US equity research
NextTrip, Inc. NTRP
Transportation Services · SIC 4700 · Vertical: Transportation Services (SIC 4700)
NextTrip is a travel and media company that links video content to travel bookings through its NXT2.0 platform and the JOURNY TV network. The company is still at an early stage, with rising revenue but continuing net losses and funding uncertainty, which makes it relevant to watch how the 'Watch. Scan. Book. Go.' model develops.
At the close of 04 Nov 2026, NextTrip, Inc. (NTRP) stock was 1.19 USD (+3.03% on the day), with market capitalisation 18.1 m USD, beta 0.72, 52-week range 1.08–4.60 USD. Latest reported quarter (Q2 2027): revenue of 546.7 k USD (−27.8% YoY), net income of -3.7 m USD, diluted EPS -0.25 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 38.6
- weak (30–45)
- Bollinger (20, 2)
- 0.89 – 2.01
- in the lower half of the band · %B 0.27 · band width 77.0%
- SMA 50 / 200
- 1.57 / 2.27
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.14 / -0.11
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −38.0% | −1.1% | −36.9 pp | — |
| 3 months | −30.0% | −0.5% | −29.5 pp | — |
| 6 months | −54.2% | +4.4% | −58.6 pp | — |
| Year to date | −63.2% | +12.3% | −75.5 pp | — |
| 1 year | −73.0% | +13.5% | −86.5 pp | −0.4% |
| 3 years | −72.1% | +76.4% | −148.5 pp | +27.8% |
| 5 years | −98.0% | +63.7% | −161.6 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 31 Aug 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 74.6 k | 83.5 k | 138.8 k | 757.6 k | 1.2 m | 1.6 m | 1.5 m | 546.7 k |
| Cost of revenue | 76.8 k | 92.3 k | 99.9 k | 592.1 k | 982.7 k | 1.4 m | 1.2 m | 370.7 k |
| Gross profit | -2.1 k | -8.8 k | 38.9 k | 165.6 k | 217.5 k | 230.5 k | 208.1 k | 176.0 k |
| Operating income | -1.8 m | -2.2 m | -4.6 m | -3.2 m | -3.1 m | -5.4 m | -2.9 m | -3.3 m |
| Depreciation & amortisation | 148.8 k | 181.4 k | 206.7 k | 216.6 k | 272.6 k | 401.9 k | 336.7 k | 336.7 k |
| Pre-tax income | -2.0 m | -4.6 m | -4.4 m | -2.9 m | -3.3 m | -5.3 m | -3.1 m | -3.7 m |
| Income tax | — | — | — | 0 | — | — | — | 0 |
| Net income | -2.0 m | -4.6 m | -4.5 m | -2.9 m | -3.3 m | -5.3 m | -3.1 m | -3.7 m |
| Diluted EPS | -0.35 | -0.77 ≈ | -0.68 | -0.39 | -0.37 | -0.43 ≈ | -0.22 | -0.25 |
| Operating cash flow | -1.2 m ≈ | -1.9 m | -1.0 m | 572.4 k ≈ | -2.0 m ≈ | -2.1 m | -2.3 m | -2.5 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 402.4 k | 807.5 k | 1.7 m | 630.4 k | 382.8 k | 458.8 k | 501.4 k | 3.7 m |
| Revenue YoY | +3.6% | +100.6% | +104.6% | −61.8% | −39.3% | +19.8% | +9.3% | +641.0% |
| Net income | -6.3 m | -5.2 m | -7.4 m | -8.7 m | -5.0 m | -7.3 m | -10.1 m | -15.9 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | -0.76 | -0.83 | -70.32 | -32.12 | -2.23 | -1.82 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -1,570.6% | -644.0% | -447.1% | -1,378.8% | -1,314.8% | -1,598.3% | -2,018.3% | -428.3% |
| Free cash flow | -5.5 m | -4.9 m | -6.5 m | -8.4 m | -3.8 m | -5.7 m | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 28 Feb 2026
- Cash
- 1.7 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 5.4 m USD
- Total assets
- 13.1 m USD
- Debt / equity
- unavailable
- Current ratio
- 0.81x
- ROE
- -249.8%
- ROA
- -138.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.7 m | 630.4 k | 382.8 k | 458.8 k | 501.4 k | 3.7 m | SEC (XBRL)· 29 May 2026verified |
| Cost of revenue | 560.0 k | 349.9 k | 354.9 k | 397.5 k | 498.1 k | 3.1 m | SEC (XBRL)· 29 May 2026verified |
| Gross profit | 1.1 m | 280.5 k | 27.9 k | 61.2 k | 3.3 k | 652.5 k | SEC (XBRL)· 29 May 2026verified |
| Research & development | 417.7 k | 404.7 k | — | — | — | — | SEC (XBRL)· 30 Mar 2023verified |
| Operating income | -8.5 m | -8.7 m | -5.0 m | -5.7 m | -7.4 m | -16.4 m | SEC (XBRL)· 29 May 2026verified |
| Depreciation & amortisation | 94.1 k | 116.2 k | 707.2 k | 1.5 m | 713.2 k | 1.1 m | SEC (XBRL)· 29 May 2026verified |
| EBITDA | -8.4 m ≈ | -8.6 m ≈ | -4.2 m ≈ | -4.2 m ≈ | -6.7 m ≈ | -15.3 m ≈ | SEC (XBRL)· 29 May 2026derived |
| Interest expense | 11.3 k | 7.3 k | 72.3 k | 234.2 k | 0 | — | SEC (XBRL)· 29 May 2025verified |
| Pre-tax income | -7.4 m | -8.7 m | -5.0 m | -6.7 m | -10.1 m | -15.9 m | SEC (XBRL)· 29 May 2026verified |
| Net income | -7.4 m | -8.7 m | -5.0 m | -7.3 m | -10.1 m | -15.9 m | SEC (XBRL)· 29 May 2026verified |
| Diluted EPS | -0.76 | -0.83 | -70.32 | -32.12 | -2.23 | -1.82 | SEC (XBRL)· 29 May 2026verified |
| Weighted average diluted shares | — | — | 71.6 k | 228.3 k | 4.6 m | 8.9 m | SEC (XBRL)· 29 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 11.4 m | 2.8 m | 282.5 k | 323.8 k | 1.1 m | 1.7 m | SEC (XBRL)· 29 May 2026verified |
| Receivables | 412.2 k | 371.6 k | — | 34.1 k | 22.6 k | 119.2 k | SEC (XBRL)· 29 May 2026verified |
| Inventories | 710.1 k | 950.9 k | — | — | — | — | SEC (XBRL)· 30 Mar 2023verified |
| Current assets | 12.7 m | 4.3 m | 2.2 m | 1.7 m | 2.5 m | 3.2 m | SEC (XBRL)· 29 May 2026verified |
| Property, plant & equipment, net | 232.3 k | 304.9 k | 16.2 k | 6.6 k | 4.1 k | 1.6 k | SEC (XBRL)· 29 May 2026verified |
| Goodwill | — | — | — | 1.2 m | 1.2 m | 3.1 m | SEC (XBRL)· 29 May 2026verified |
| Intangibles (excl. goodwill) | 925.1 k | 1.1 m | 2.6 m | 2.2 m | 2.1 m | 4.3 m | SEC (XBRL)· 29 May 2026verified |
| Total assets | 13.8 m | 5.7 m | 5.9 m | 5.1 m | 9.9 m | 13.1 m | SEC (XBRL)· 29 May 2026verified |
| Accounts payable | 206.4 k | 277.5 k | 519.1 k | 531.8 k | 1.2 m | 725.5 k | SEC (XBRL)· 29 May 2026verified |
| Current liabilities | 981.2 k | 629.2 k | 4.5 m | 2.0 m | 2.6 m | 3.9 m | SEC (XBRL)· 29 May 2026verified |
| Total liabilities | 981.2 k | 629.2 k | 5.4 m | 2.0 m | 2.6 m | 7.3 m | SEC (XBRL)· 29 May 2026verified |
| Equity | 12.9 m † | 5.1 m † | 484.1 k † | 3.1 m † | 7.4 m † | 5.4 m † | SEC (XBRL)· 29 May 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -6.3 m | -8.2 m | -3.8 m | -5.7 m | -5.1 m | -4.6 m | SEC (XBRL)· 29 May 2026verified |
| Capex | 182.5 k | 164.6 k | 2.9 k | 9.3 k | — | — | SEC (XBRL)· 04 Sept 2024verified |
| Free cash flow | -6.5 m ≈ | -8.4 m ≈ | -3.8 m ≈ | -5.7 m ≈ | — | — | SEC (XBRL)· 04 Sept 2024derived |
| Investing cash flow | -359.8 k | -389.0 k | -4.3 m | 980.9 k | -1.0 m | -2.7 m | SEC (XBRL)· 29 May 2026verified |
| Financing cash flow | 14.4 m | — | 8.1 m | 4.8 m | 6.9 m | 7.9 m | SEC (XBRL)· 29 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 18.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 18.1 m USD
Key indicators
Coverage and freshness
Score by group
19% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -319.8% | 8 (vs peers) | 33% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 113.3% | 100 (on a fixed band) | 44% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.5x | 0 (on a fixed band) | 22% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality· partial8/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
NextTrip, Inc. (NTRP). Latest full fiscal year: 2026; data up to 2026-08-31.
Figures computed from the financial statements: revenue 3.7 m USD in 2026; YoY growth 641.0%; net margin -319.8%; ROE -296.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 113.3%
What contradicts it
- Net margin: -319.8%
- Current ratio: 0.5x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Transportation Services (SIC 4700) · same industry (4-digit SIC) · compared with 14 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BKNGBooking Holdings Inc. | 127.2 bn | 1.0 | — | — | +13.4% | −13% / +37% |
| EXPEExpedia Group, Inc. | 36.2 bn | 19.7 | 199.1% | 13.0% | +7.6% | +24% / +132% |
| XPOXPO, Inc. | 21.9 bn | 44.3 | 26.5% | 5.7% | +1.1% | +32% / +118% |
| GATXGATX Corporation | 6.7 bn | 17.6 | 14.2% | 17.7% | +9.8% | +19% / +75% |
| GXOGXO Logistics, Inc. | 6.4 bn | 48.4 | 4.6% | 1.0% | +12.5% | +12% / +1% |
| HAFNHafnia Limited | 4.9 bn | 6.5 | 34.5% | 27.0% | +7.4% | +64% / unavailable |
| RXORxo, Inc. | 4.7 bn | — | -5.7% | -1.3% | +26.2% | +115% / +35% |
| LINDLindblad Expeditions Holdings, Inc. | 2.2 bn | 8,279.1 | — | 0.7% | +19.6% | +179% / +327% |
| TOURTuniu Corp | 1.5 bn | 473.0 | 3.0% | 5.4% | +17.5% | −35% / −47% |
| SPCEVirgin Galactic Holdings, Inc. | 380.5 m | — | -75.1% | -23,867.4% | −78.1% | −35% / −94% |
| VRRMVerra Mobility Corporation | 377.0 m | 10.4 | 11.3% | 33.2% | +14.6% | −89% / −88% |
| PALProficient Auto Logistics, Inc. | 82.5 m | — | -13.0% | — | unavailable | −64% / unavailable |
| NTRPNextTrip, Inc. | 18.1 m | — | -296.7% | -319.8% | +641.0% | −73% / −72% |
| YTRAMagna Holdings Ltd. | — | — | -2.0% | -1.3% | +85.2% | −50% / −43% |
| MMYTMakeMyTrip Ltd | — | 61.1 | 8.2% | 9.7% | +25.0% | −29% / +20% |
1- and 3-year price returns: for NTRP from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
NextTrip is a travel and media company that links video content to travel bookings through its NXT2.0 platform and the JOURNY TV network. The company is still at an early stage, with rising revenue but continuing net losses and funding uncertainty, which makes it relevant to watch how the 'Watch. Scan. Book. Go.' model develops.
SWOT
Strengths
- Proprietary booking platform integrated with video content and a streaming distribution network, which could reduce reliance on external marketing channels.
- Acquisitions in higher-value niches such as cruises, luxury travel and groups, with potentially better margins.
- Six-month revenue growth in fiscal 2027 shows that the integrated platforms have begun to produce results.
Weaknesses
- The company is at an early stage, with recurring net losses and a significant accumulated deficit over recent years.
- The annual report includes a going concern note, which signals a clear dependence on additional capital.
- Brand awareness is low and the capacity to fund marketing campaigns is limited.
Opportunities
- If JOURNY TV monetization accelerates, advertising revenue could become a significant source complementary to travel.
- The launch of NextTrip Pro and the expansion of JournyGO could attract travel agents and content creators to the ecosystem.
- Events and concerts planned under the YADA and NextTrip LIVE initiatives could generate ticket, sponsorship and group booking revenue.
Threats
- Competition from large booking platforms and well-funded streaming networks could limit growth.
- A drop in travel demand due to crises or economic conditions could directly hit Travel segment revenue.
- Failure to obtain funding on acceptable terms could force a reduction of the business plan or other drastic measures.
Risks
- Going concernhigh
The annual report includes a qualification on the company's ability to continue its operations over the next twelve months without additional capital.
- Recurring net losseshigh
The company has not been profitable in any reported period and it is not certain it will reach profitability.
- Dependence on financinghigh
Marketing and product development depend on capital raised, and a lack of funds could slow plans.
- Sensitivity of travel demandmedium
Health, geopolitical or climate events can suddenly reduce booking volumes.
- Dependence on search enginesmedium
Traffic to the company's websites depends on search engine algorithms, which can change without notice.
Investment thesis
What would need to be true (bull case)
- If advertising and booking revenue grow in parallel, the integrated content and commerce model could become a real differentiator in the market.
- Six-month revenue growth and the expanding JOURNY TV audience show concrete progress in the platforms.
- Acquisitions in the luxury and group segments could bring higher-value clients with repeat bookings.
What would break the thesis
- The company may fail to secure the funding it needs, which could force operating cutbacks or other difficult measures.
- Second-quarter revenue declined, and management said it prioritized platform development over immediate sales.
- Recurring losses and low brand awareness could make it hard to attract customers and commercial partners.
What to watch
- Commercial launch of NextTrip Pro and the number of travel advisors onboardedQ3 2027
- JOURNY TV advertising and sponsorship revenue, including direct campaigns2027
- Update on funding and on the going concern assessmentnext quarterly report
- Contribution of YADA Commerce and NextTrip LIVE initiatives to Media and Travel revenueQ3 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
NextTrip, Inc. (NASDAQ: NTRP) describes its activity as sitting at the intersection of premium travel content and travel commerce. The company operates two segments, Travel and Media, designed to work as one integrated ecosystem in which audience generated by content is channeled into bookings. According to the annual report for the fiscal year ended February 28, 2026, revenue was $3,715,528, compared with $501,423 in the prior year 1. The company notes however that its revenues are nominal and that substantial doubt exists about its ability to continue as a going concern. On the Travel side, the company states that its NXT2.0 platform has scaled to over four million hotel properties, vacation rental homes and cruise products globally 1.
The NXT2.0 platform underpins the Travel segment and supports several websites, including nexttrip.com and fivestaralliance.com, as well as the group and travel agent platforms. The offering includes leisure vacations for individual clients, luxury travel through Five Star Alliance, groups and events through TA Pipeline and a cruise booking engine. The PayDlay payment option lets clients pay for a travel package over time. The company also cites recent acquisitions, including Five Star Alliance (April 2025) and TA Pipeline (August 2025), both paid partly in cash and partly in shares 1.
The Media segment includes JOURNY.tv, the company's global travel television network, which integrated GoUSA TV assets acquired from Brand USA in February 2026, as well as the Travel Magazine publication and a joint venture with KC Global Media for international expansion. Second-quarter revenue for fiscal 2027 was $546,687, down from the prior-year quarter, while six-month revenue rose to $1,998,422 3. Management says it prioritized strengthening its platforms over maximizing near-term revenue.
Segments
Travel
The Travel segment covers travel bookings through NXT2.0, Five Star Alliance for luxury hotels and cruises, TA Pipeline for groups and events, as well as JournyGO and Travel Magazine Pro. Revenue comes from commissions, markups and service fees. Products negotiated directly with suppliers carry higher margins than commission-based ones, and the company says it focuses on luxury travel, cruises and groups 1.
Media
The Media segment earns revenue from advertising, sponsorships, branded content and destination marketing programs. The company says JOURNY TV could reach roughly 250 million viewers globally in 2026 1, and it reported more than 307 million viewing minutes for January to August 2026 3. Advertising revenue remains small, and management says some results depend on developing direct sales.
Trends
- Demand for video content with integrated bookingtailwind
Travel companies increasingly seek direct links between inspiration and booking. If the 'Watch. Scan. Book. Go.' model proves effective, it could lower customer acquisition costs and raise the yield of the audience.
- Variable travel demandheadwind
Travel revenue depends on travel volume, which can fall due to health crises, conflicts or economic conditions. The company warns that a prolonged decline could affect results.
- Programmatic advertising on streamingmixed
Growth in programmatic sales on connected-TV platforms can support media revenue, but it remains sensitive to changes in advertising partners and to advertisers' spending cycles.
- Funding and cost of capitalheadwind
To sustain its operations the company must attract capital on acceptable terms. If access to funding narrows, the planned expansion could slow.
Competitive position
The company operates in a highly competitive market in which large online travel agencies and booking platforms have far greater brands and resources. NextTrip's stated advantage lies in integrating content with booking, but the annual report notes that brand awareness is still limited 1. On the media side, competition comes from streaming television networks and travel content platforms.
- Expedia GroupEXPE
Supplies hotel inventory to the NextTrip platform and at the same time competes directly in online travel booking 1.
- Booking HoldingsBKNG
A large online booking platform competing for the same individual travelers and hotel inventory.
- Luxury and group travel agencies
Specialized agencies in luxury travel and group events, present mainly through travel advisor networks.
- Travel-focused streaming television operators
FAST and OTT travel channels competing for audience and advertising budgets.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- NextTrip LaunchesSurge — GDELT DOC · 24 Sept 2026 · RO
The latest news item in our archive is from 24 Sept 2026; the newest SEC filing is from 21 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report21 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report15 Oct 2026
- Current report15 Oct 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report14 Oct 2026Shareholder vote
- Current report08 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Current report24 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Current report15 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Current report09 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Current report31 Aug 2026Material agreement · Financial statements and exhibits
- Current report27 Aug 2026Material agreement · Item 3.02 · Amendments to articles or bylaws · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-02-28 · SEC / NextTrip, Inc. · 29 May 2026
- [2] Form 10-Q, quarter ended 2026-08-31 · SEC / NextTrip, Inc. · 15 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / NextTrip, Inc. · 15 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.