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NTRPNextTrip, Inc.

Is NextTrip struggling financially?

Yes, by its own account. NextTrip told the SEC on 15 Jul 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed Jul 2026

15/100

Critical

Sector
Industrial/Cyclical
Market cap
$20.1M
Source filing
10-Q 15 Jul 2026
Balance sheet
31 May 2026

Cash runway

1–2 mo

Runs out some time after Jul 2026, raising nothing.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$803K

÷

Cash burned over the last 12 months

$7.4M

What NextTrip told the SEC

…scale back its business plan and/or liquidate some or all of its assets or may be forced to seek bankruptcy protection. In light of the foregoing, there is substantial doubt about the Company’s ability to continue as a going concern for 12 months from the date of the filing of this Report.

NextTrip, Inc., Form 10-Q, filed 15 Jul 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • 117.4% share-count increase The company issued stock. Each share now owns 54.0% less of the business than a year ago, before any change in the price.

Other Industrial/Cyclical companies that filed the doubt