N
NextTrip, Inc.
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 a technology-forward travel and media company combining premium travel content, proprietary booking technology, and concierge services into an integrated ecosystem. The company operates travel booking platforms including NextTrip Vacations, Five Star Alliance, and TA Pipeline, as well as media properties including JOURNY.tv and Travel Magazine that provide destination content and advertising revenue. NextTrip serves leisure, luxury, cruise, group, and business travelers through direct-to-consumer and advisor-assisted channels, generating revenue from commissions, markups, service fees, and advertising, with an integrated content-to-commerce strategy designed to convert media viewership into travel bookings.
Summary from 10-K filed 2026-05-29
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-02-28 | FY 2025 2025-02-28 | FY 2024 2024-02-29 | FY 2023 2023-02-28 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 4 | 501,423 | 458,752 | 382,832 | 630,428 | |
| Cost of revenue (exclusive of depreciation and amortization, shown separately below) | −3 | −498,121 | −397,532 | −354,921 | 349,930 | |
| Gross profit | 652,486 | 3,302 | 61,220 | 27,911 | 280,498 | |
| Salaries and benefits | 3 | 3 | 2 | 2 | 5 | |
| Stock based compensation | 193,125 | 67,874 | 116,512 | — | 793,251 | |
| General and administrative | 202,774 | 95,341 | 152,106 | 209,561 | 914,802 | |
| Sales and marketing | 486,739 | 307,166 | 484,250 | 707,137 | — | |
| Professional service fees | 8 | 2 | 1 | 615,432 | — | |
| Technology | 1 | 843,296 | 311,430 | 551,418 | — | |
| Organization costs | 3 | 213,613 | 25,000 | — | — | |
| Depreciation and amortization | 1 | 713,236 | 1 | 707,238 | 116,167 | |
| Asset impairment charge | 463,860 | — | — | — | — | |
| Provision for credit loss | 315,495 | — | — | — | — | |
| Other operating expenses | 312,547 | 317,061 | 156,522 | 64,684 | 352,115 | |
| Total Operating Expenses | 17 | 7 | 6 | 5 | 9 | |
| Operating loss | −16 | −7 | −6 | −5 | −9 | |
| Loss on disposal of assets | — | −90 | −14,718 | — | — | |
| Gain on derivative liability | 50,000 | — | — | — | — | |
| Loss on extinguishment of liability | −95,600 | −1 | 166,890 | — | — | |
| Loss on promissory note receivable | — | −1 | −2 | — | — | |
| Interest income (expense), net | −1 | −589,039 | −48,620 | −71,871 | — | |
| Other Income (expense) | 2 | 16,099 | 486,633 | −9,770 | — | |
| Total other income (expense) | 464,547 | −3 | −977,480 | −81,641 | 56,580 | |
| Net loss from continuing operations before taxes | −16 | −10 | −7 | −5 | −9 | |
| Provision for income taxes | — | — | — | — | — | |
| Net loss from continuing operations before share of net income (loss) in equity method investee | −16 | −10 | −7 | — | — | |
| Share of net loss of equity method investee | −11,307 | −7,390 | — | — | — | |
| Net loss from continuing operations | −16 | −10 | −7 | −5 | — | |
| Net income (loss) from discontinued operations, net of taxes | — | 8,344 | −675,314 | — | — | |
| Net loss | −16 | −10 | −7 | −5 | −9 | |
| Preferred Dividends | −335,662 | −78,600 | −7,125 | — | 56,880 | |
| Net Loss Applicable to Common Stockholders | −16 | −10 | −7 | −5 | −9 | |
| Basic loss per common share from continuing operations | −1.82 | −2.24 | −29.16 | −70.32 | — | |
| Diluted loss per common share from continuing operations | −1.82 | −2.24 | −29.16 | −70.32 | — | |
| Basic loss per common share from discontinued operations | — | 0.01 | −2.96 | — | — | |
| Diluted loss per common share from discontinued operations | — | 0.01 | −2.96 | — | — | |
| Loss per common share basic | −1.82 | −2.23 | −32.12 | −70.32 | −0.83 | |
| Loss per common share diluted | −1.82 | −2.23 | −32.12 | −70.32 | — | |
| Weighted average number of shares outstanding basic | 9 | 5 | 228,274 | 71,581 | 10 | |
| Weighted nverage number of shares outstanding diluted | 9 | 5 | 228,274 | 71,581 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-02-28 | FY 2025 2025-07-31 | FY 2025 2025-02-28 | FY 2024 2024-02-29 | FY 2023 2023-02-28 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2 | — | 1 | 323,805 | 282,475 | |
| Accounts receivable, net | 119,168 | — | 22,567 | 34,082 | — | |
| Prepaid expenses and other current assets | 1 | — | 1 | 340,921 | 8,613 | |
| Total Current Assets | 3 | — | 2 | 2 | 2 | |
| Property and equipment, net | 1,603 | — | 4,119 | 6,642 | 16,226 | |
| Intangible assets, net | 4 | — | 2 | 2 | 3 | |
| Security deposit | 40,167 | — | 30,167 | 42,167 | 15,000 | |
| Goodwill | 3 | — | 1 | 1 | — | |
| Equity investments | 3 | — | 3 | — | — | |
| Other prepaid assets | — | — | 733,575 | — | — | |
| Total Non-Current Assets | 10 | — | 7 | 3 | 4 | |
| Total Assets | 13 | — | 10 | 5 | 6 | |
| Accounts payable | 725,541 | — | 1 | 531,847 | 519,136 | |
| Accrued expenses | 748,103 | — | 721,382 | 460,768 | 329,922 | |
| Deferred revenue | 2 | — | 97,770 | 139,921 | 22,750 | |
| Derivative liability | 80,000 | 130,000 | — | — | — | |
| Contingent consideration | 180,000 | 180,000 | — | — | — | |
| Licensing & royalty payment obligations, current portion | 136,582 | — | — | — | — | |
| Total Current Liabilities | 4 | — | 3 | 2 | 5 | |
| SBA EIDL Loan | 98,179 | — | — | — | — | |
| Licensing & royalty payment obligations, net of current portion | 305,090 | — | — | — | — | |
| Line of credit - related parties | 3 | — | — | — | — | |
| Total Non-Current Liabilities | 3 | — | — | — | 864,575 | |
| Total Liabilities | 7 | — | 3 | 2 | 5 | |
| Commitments and Contingencies (Note 19) | — | — | — | — | — | |
| Common Stock, $0.001 par value; 250,000,000 shares authorized; 96,774 and 0 shares issued and outstanding, respectively | 387,000 | — | — | — | — | |
| Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 100,316 and 3,106,616 shares issued and outstanding, respectively | 101 | — | 3,107 | 474 | — | |
| Common Stock, par value $0.001; 250,000,000 shares authorized, 13,978,171 and 1,656,738 shares issued and outstanding, respectively | 13,979 | — | 1,657 | 936 | 83 | |
| Additional Paid in Capital | 56 | — | 42 | 27 | 17 | |
| Accumulated deficit | −51 | — | −34 | −24 | −17 | |
| Total Stockholders Equity | 5 | — | 7 | 3 | 484,110 | |
| Total Liabilities and Stockholders Equity | 13 | — | 10 | 5 | 6 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-02-28 | FY 2025 2025-02-28 | FY 2024 2024-02-29 | FY 2023 2023-02-28 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Amortization of Debt Discount | 687,037 | 342,935 | — | — | — | |
| Shares issued for professional services | 5 | 236,112 | — | — | — | |
| Gain on derivative liability | −50,000 | — | — | — | — | |
| Stock based compensation former directors | 2 | — | — | — | — | |
| Write-off of prepaid offering costs | 130,100 | — | — | — | — | |
| Accounts receivable | −96,601 | 11,515 | −662,939 | 5,053 | 40,572 | |
| Related party receivable | −315,495 | — | — | — | — | |
| Prepaid expenses | 44,549 | 159,343 | −281,506 | 48,796 | — | |
| Security deposit | −10,000 | 12,000 | −27,167 | — | — | |
| Accounts payable and accrued expenses | −432,142 | 1 | −531,367 | 533,193 | — | |
| Deferred revenue | 2 | −42,151 | 102,954 | −46,855 | −28,782 | |
| 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 | −5 | −4 | — | |
| Net cash provided in operating activities from discontinued operations | — | 8,344 | −675,314 | — | — | |
| Net cash used in operating activities | −5 | −5 | −6 | −4 | −8 | |
| Capitalized software development costs | −109,000 | −534,751 | −1 | −2 | — | |
| Investment in equity method investee | −25,000 | −500,000 | — | — | — | |
| Sale of assets | — | 1,000 | 2 | — | — | |
| 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 | 980,935 | −4 | −388,962 | |
| Notes payable | −362,999 | 2 | — | — | — | |
| Issuances of common shares | 5 | — | 2 | — | — | |
| Offering Costs | −295,072 | — | — | — | — | |
| Proceeds from issuance of preferred shares | 560,000 | 2 | 2 | — | — | |
| Exercise of warrants | — | 316,994 | — | — | — | |
| Advances from related party, net | 3 | 2 | 547,277 | 5 | — | |
| Net cash provided by financing activities | 8 | 7 | 5 | 8 | — | |
| Increase in cash | 633,723 | 738,562 | 41,330 | 51,425 | −9 | |
| Cash paid for interest | 376,516 | 91,680 | 4,381 | 1,769 | 7,345 | |
| Cash paid for taxes | — | — | — | — | — | |
| Issuance of preferred shares for services | — | 329,520 | 569,000 | — | — | |
| Issuance of common shares for services | 4 | 706,870 | 13,106 | — | — | |
| 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 | 7,125 | — | — |
Filings
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Frequently asked questions
What is NextTrip, Inc.'s CIK number?
NextTrip, Inc.'s SEC CIK number is 0000788611 (788611). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NextTrip, Inc.'s SEC filings?
All of NextTrip, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.