NextTrip Inc. Common Stock (NTRP)

FairStock Score: 31/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a durable business selling at a sensible price, and NextTrip does not yet fit that description. It is a 23-employee travel technology company with booking and media segments, including NXT2.0 and Five Star Alliance. Revenue is moving: in fiscal 2025, the year ended 2025-02-28, revenue was $501,423; in fiscal 2026, the year ended 2026-02-28, revenue was $3.7M; and in fiscal Q1 2027, the quarter ended 2026-05-31, revenue was $1.5M, up from $138,827 in fiscal Q1 2026, the quarter ended 2025-05-31. But the losses are larger and persistent. In fiscal 2024, the year ended 2024-02-29, net loss was $7.3M; in fiscal 2025, net loss was $10.1M; in fiscal 2026, net loss was $15.9M; and in fiscal Q1 2027, the quarter ended 2026-05-31, net loss was $3.1M, with diluted EPS of -$0.22. Financial health is poor: FairStock calculations show trailing free cash flow of -$6.1M, FCF yield of -22.4%, Altman Z-score of -4.72, Piotroski F-score of 3/9, D/E of 0.89, ROE of -260.83%, and ROCE of -76.13%. At the 2026-10-13 close of $1.83, the market cap is $27.3M. The FairStock P/E is -1.35 and P/B is 7.04; with no earnings, book value is the only anchor, and it is not cheap. The FairStock score is 31/100. There is no clear moat yet. Growth is real, but it is not profitable growth. I would want to see cash flow turn positive and losses shrink before calling this a bargain. As Graham might say, a speculative enterprise can be interesting, but it is not an investment until the numbers support it.

In plain English: NextTrip is a small travel technology company that runs booking and media platforms for leisure, group, and business travelers. Sales are growing from a tiny base, but the company loses far more than it earns and has not made a yearly profit in the last four years. At the 2026-10-13 close of $1.83, the price looks expensive compared with its small sales, negative earnings, and weak financial scores.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-05-31) · fiscal Q3 2026 10-Q (period ended 2025-11-30) · fiscal Q2 2026 10-Q (period ended 2025-08-31) · fiscal Q1 2026 10-Q (period ended 2025-05-31) · FY2026 10-K (period ended 2026-02-28) · FY2025 10-K (period ended 2025-02-28) · FY2024 10-K (period ended 2024-02-29)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer