NextTrip, Inc.

Listed Company

NTRPCIK 0000788611NasdaqNon-AcceleratedSmaller ReportingTransportation ServicesNevadaFY ends Feb 28

Period

FY 2026

Revenue

$3.72M

Net Income

$-15.91M

Total Assets

$13.08M

Equity

$5.37M

Shares Out

14.49M

Op. Cash Flow

$-4.56M

Business

NextTrip, Inc. is an early-stage, technology-driven travel company operating an integrated travel booking and media platform that connects leisure, group and business travelers to travel products and content. The company offers a proprietary NXT2.0 booking engine, PayDlay deferred payment option, concierge services, white-label and agent tools, and media properties including TravelMagazine.com, Compass.tv and Journy.tv. Its core business segments include NextTrip Vacations (leisure), Five Star Alliance (luxury and cruise), NextTrip Business, the Travel Agent Platform and a Groups Platform. NextTrip distributes services primarily online through its websites, streaming channels, APIs with major suppliers, call centers and partnerships with travel suppliers and influencers.

Summary from filing dated 2025-05-29

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Feb 28, 2026 2026-02-28	Feb 28, 2025 2025-02-28
Revenue	4	501,423
Cost of revenue (exclusive of depreciation and amortization, shown separately below)	3	498,121
Gross profit	652,486	3,302
Operating Expenses	—	—
Cost of Revenue	3	3
Allocation share based compensation expense	193,125	67,874
Selling, General and Administrative Expense	202,774	95,341
Selling, General and Administrative Expense	486,739	307,166
Professional Fees	8	2
Technology	1	843,296
Organization costs	3	213,613
Depreciation Expense	1	713,236
Asset Impairment Charges	463,860	—
Provision for Doubtful Accounts (CF)	315,495	—
Other Expense	312,547	317,061
Total Operating Expenses	17	7
Operating loss	−16	−7
Other Income/(Expenses)	—	—
Non-Operating Income (Expense)	—	−90
Non-Operating Income (Expense)	50,000	—
Interest Expense	−95,600	−1
Loss on promissory note receivable	—	1
Interest Expense	−1	−589,039
Non-Operating Income (Expense)	2	16,099
Total other income (expense)	464,547	−3
Net loss from continuing operations before taxes	−16	−10
Provision for income taxes	—	—
Net loss from continuing operations before share of net income (loss) in equity method investee	−16	−10
Income from Equity Method Investments	−11,307	−7,390
Net loss from continuing operations	−16	−10
Net gain (loss) from discontinued operations, net of taxes	—	8,344
Net loss	−16	−10
Preferred Dividends	335,662	78,600
Net Loss Applicable to Common Stockholders	−16	−10
Basic loss per common share from continuing operations	−1.82	−2.24
Diluted loss per common share from continuing operations	−1.82	−2.24
Basic loss per common share from discontinued operations	—	0.01
Diluted loss per common share from discontinued operations	—	0.01
Earnings Per Share (Basic)	−1.82	−2.23
Earnings Per Share (Diluted)	−1.82	−2.23
Weighted Average Shares Outstanding	9	5
Weighted Average Shares Outstanding, Diluted	9	5

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Feb 28, 2026 2026-02-28	Feb 28, 2025 2025-02-28
ASSETS	—	—
Cash and Cash Equivalents	2	1
Accounts Receivable	119,168	22,567
Other Non-Operating Current Assets	1	1
Total Current Assets	3	2
Non-Current assets	—	—
Property, Plant and Equipment	1,603	4,119
Intangible Assets	4	2
Security Deposits	40,167	30,167
Goodwill	3	1
Equity Method Investments	3	3
Other Non-Operating Non-Current Assets	—	733,575
Total Non-Current Assets	10	7
Total Assets	13	10
LIABILITIES	—	—
Current Liabilities	—	—
Accounts Payable	725,541	1
Other Current Liabilities	748,103	721,382
Deferred Revenue, Current	2	97,770
Other Non-Operating Current Liabilities	80,000	—
Contingent consideration	180,000	—
Licensing & royalty payment obligations, current portion	136,582	—
Short-Term Debt	386,072	567,530
Total Current Liabilities	4	3
Non-Current Liabilities	—	—
Long-Term Debt	98,179	—
Licensing & royalty payment obligations, net of current portion	305,090	—
Long-Term Debt	3	—
Total Non-Current Liabilities	3	—
Total Liabilities	7	3
Commitments and Contingencies (Note 19)	—	—
Temporary Equity	387,000	—
Stockholders’ Equity	—	—
Preferred Stock	101	3,107
Total Stockholders' Equity	13,979	1,657
Additional Paid-In Capital	56	42
Retained Earnings	−51	−34
Total Stockholders’ Equity	5	7
Total Liabilities and Stockholders’ Equity	13	10

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Feb 28, 2026 2026-02-28	Feb 28, 2025 2025-02-28
Cash Flows from Operating Activities:	—	—
Profit or Loss	−16	−10
Adjustments to reconcile net loss to net cash used in operating activities:	—	—
Depreciation and amortization – property and equipment and intangibles	1	713,236
Interest Expense	687,037	342,935
Provision for Doubtful Accounts (CF)	315,495	—
Shares issued for professional services	5	236,112
Asset Impairment Charges	463,860	—
Gain on derivative liability	50,000	—
Loss on promissory note receivable	—	1
Stock based compensation - employees	193,125	67,874
Stock based compensation – former directors	2	—
Loss on extinguishment of liability	−95,600	−1
Write-off of prepaid offering costs	130,100	—
Loss on disposal of assets	—	−90
Loss on share of net income in equity method investee	−11,307	−7,390
Changes in operating assets and liabilities:	—	—
Accounts receivable	96,601	−11,515
Related party receivable	315,495	—
Prepaid expenses	−44,549	−159,343
Security deposit	−10,000	12,000
Change in Accounts Payable	−432,142	1
Deferred revenue	2	−42,151
Licensing & royalty payment obligations, current portion	136,582	—
Licensing & royalty payment obligations, net of current portion	305,090	—
SBA Loan	−98,179	—
Net cash used in operating activities from continuing operations	−5	−5
Net Cash from Operating Activities	—	8,344
Net cash used in operating activities	−5	−5
Cash Flows from Investing activities:	—	—
Capitalized software development costs	109,000	534,751
Investment in equity method investee	25,000	500,000
Proceeds from Sale of PP&E	—	1,000
GoUSA asset purchase	645,000	—
TA Pipeline LLC acquisition	443,168	—
FSA Travel LLC acquisition	900,000	—
JOURNY.tv asset purchase	599,800	—
Net cash used in investing activities	−3	−1
Cash Flows from Financing Activities:	—	—
Notes payable	−362,999	2
Stock Repurchases (Issuances)	5	—
Offering Costs	295,072	—
Proceeds from Stock Issuance	560,000	2
Gross proceeds from issuance of warrants	—	316,994
Proceeds from Debt Issuance	3	2
Net cash provided by financing activities	8	7
Increase in cash	633,723	738,562
Cash - end of the period	—	—
Cash - end of the period	—	—
Supplemental cash flow information	—	—
Interest Expense	376,516	91,680
Income Tax Expense	—	—
Non-Cash Financing Transactions	—	—
Issuance of preferred shares for services	—	329,520
Issuance of common shares for services	4	706,870
Issuance of common shares as commitment shares	—	100,000
Issuance of common warrants for services	245,890	1
Issuance of common shares for equity investments	5	24,356
Issuance of preferred shares for equity investments	560,000	3
Preferred stock dividends	335,662	78,600

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