# NextTrip, Inc. (NTRP) · Edgar & Edgarette company card

> NextTrip (NTRP) grew revenue 641% in FY2026 to $4 million, operating margin -440% against a 6.4% median for transportation services, equity 41.1% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 788611 · fiscal year ended 2026-02-28 · 5 audited years read · [page](https://www.pops4.com/boards/company/NTRP) · [JSON](https://www.pops4.com/boards/company/NTRP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $4M |
| Revenue growth, 1 year | 641.0% |
| Revenue growth per year | 75.2% |
| Operating margin | -440.5% (prior year -1478.5%) |
| Net margin | -428.3% |
| Operating cash flow | −$5M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $2M |
| Long-term debt | — |
| Total assets | $13M |
| Total equity | $5M |
| Equity ÷ assets | 41.1% |
| Return on equity | -296.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -20.63 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -1.51 (above the −1.78 line)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -440.5% in FY2026; revenue is hard to predict: its 80% range is ±47%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $3.7M (FY2026). Experience: revenue up 641.0% on the year, up 75.2% a year over 3 years; operating margin -440.5%, up from -1478.5%. Soundness: equity 41.1% of assets, return on equity -296.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $10.4M and $29.0M next year (method v4.1: its own 2-year record of growth weighed at 25% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $9.7M to $31.2M. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, transportation services): operating margin -440.5% against a 6.4% median; growth 641.0% against 12.2%.

Range logged 2026-09-28, receipt 1ea8aa2a6e8cbc13, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-07-17 ([filing](https://www.sec.gov/Archives/edgar/data/788611/000149315226033728/0001493152-26-033728-index.htm))

## Recent filings

- 8-K · filed 2026-10-21 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/788611/000149315226047852/0001493152-26-047852-index.htm)
- 10-Q · filed 2026-10-15 · [filing](https://www.sec.gov/Archives/edgar/data/788611/000143774926032722/0001437749-26-032722-index.htm)
- 8-K · filed 2026-10-15 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/788611/000149315226047229/0001493152-26-047229-index.htm)
- 8-K · filed 2026-10-14 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/788611/000143774926032631/0001437749-26-032631-index.htm)
- 8-K · filed 2026-10-08 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/788611/000149315226046261/0001493152-26-046261-index.htm)
- 8-K · filed 2026-09-24 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/788611/000149315226044072/0001493152-26-044072-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000788611.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=788611

## Cite

POPS4, Edgar & Edgarette: NextTrip, Inc. (NTRP) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/NTRP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.