NextTrip (NTRP) Q1 2026 earnings summary

Executive summary

• Revenue for the quarter ended May 31, 2026, increased 946% year-over-year to $1.45 million, driven by group travel and cruise bookings, and initial media segment advertising revenue.

• Gross margin declined to 14% from 28% year-over-year due to a shift toward lower-margin merchant-of-record bookings.

• Operating loss narrowed 37% to $2.91 million, reflecting lower non-cash expenses and improved segment performance.

• Net loss applicable to common stockholders was $3.15 million, a 30% improvement from the prior year.

Financial highlights

• Revenue: $1.45 million (up from $138,827 year-over-year).

• Gross profit: $208,099; gross margin 14%.

• Operating expenses: $3.12 million, down 33% year-over-year.

• Net loss: $3.13 million (vs. $4.52 million prior year).

• Cash used in operations: $2.34 million; cash at period end: $803,490.

• Working capital deficit: $1.60 million.

Outlook and guidance

• Management expects continued net losses and negative cash flows as investments in technology, marketing, and integration of acquisitions continue.

• At least $5.5 million in additional cash is needed to fund operations over the next 12 months.

• Substantial doubt exists about the ability to continue as a going concern without new financing.