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NextTrip, Inc. (the Company, NextTrip, we, us and our ) is an early-stage, technology-driven travel company developing an integrated travel booking and media platform designed to connect leisure, group and business travelers to the world. Our travel booking platform is powered by our proprietary NXT2.0 booking engine, which offers extensive inventory, supporting both travelers and distributors …
The business is unprofitable at the operating level (-440.45% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 641.0% YoY with margins expanding 1038.0pp.
ROIC dropped from -111.63% to -202.97%, capital efficiency is deteriorating. Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$4M
▲ +641.0% YoY
Net Income (TTM)
-$16M
▼ -57.2% YoY
Op. Margin
-440.45%
▲ +1038.0pp YoY
ROIC
-202.97%
▼ -91.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▲ +10.2% YoY
Op. Cash Flow (TTM)
-$5M
▲ +10.2% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$2M
5Y CAGR: +17.6%
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