NextTrip, Inc. (NTRP) Form 10-Q — Oct 15, 2026
NextTrip's fiscal Q2 10-Q disclosed substantial doubt about its ability to continue as a going concern, with cash of just $1.1 million, a $3.2 million working capital deficit, and an accumulated deficit of $57.5 million. Q2 revenue fell 28% year over year to $547 thousand while the quarterly net loss widened to $3.7 million from $2.9 million, driven by heavy professional fees and rising interest expense from new debt.
Key figures
- Revenue
- 546687
- Total Debt
- 8019750
- Total Assets
- 12811882
- Cash Position
- 1145136
- Shares Outstanding
- 15229900
- Six Month Revenue
- 1998422
- Warrant Liability
- 629738
- Lind Conversion Price
- 3.88
- Lind Monthly Installment
- 328571
- Ta Repurchase Obligation
- 500000
- Potential Dilutive Shares
- 9257853
- Convertible Note Principal
- 4600000
- Convertible Note Net Proceeds
- 3492744
AI analysis
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