Is NextTrip going out of business?

NextTrip, Inc. (NTRP) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

NextTrip, Inc. (NTRP) scores 20 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: Reverse split detected; adjusted share change (117.4% YoY) and the capital-structure risk is penalized.

Five questions, kept separate

Survival - Critical

1-2 mo of estimated runway from 2026-05-31, based on $803K of cash and short-term investments against $7.4M of annual burn. A disclosed filing event caps this reading; Event Risk carries the detail.

Business quality - Poor

-291.1% operating margin and -146.7% FCF margin produce a poor Business Quality assessment.

Trajectory - Accelerating

Revenue, operating margin and cash margin improved together. Revenue improved 1013.8%; operating margin improved 1946.2pp; FCF margin improved 1642.1pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-34.3% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Shares dilution YoY: Reverse split detected; adjusted share change (117.4% YoY) and the capital-structure risk is penalized.
• Debt / Equity: No financial debt (debt-free)
• ROE quality: -393.84%
• ROIC: -432.28%
• Filing event risk: Going-Concern Warning (-8 pts)
• FCF margin: -146.67%
• Revenue CAGR (3Y): 113.31%
• Gross margin (industrial): 14.33%
• Return on Assets: -118.36%
• Net income trend: 29.88% (Loss narrowing)
• Asset Efficiency: 0.41x
• Debt Maturity Runway: 100% long-term (Long-term focused)

Read from filings through 2026-08-31.

Price as of 2026-09-11.