NextTrip Reports Third Quarter 2026 Financial Results with 1,508% Revenue Growth

NASDAQ: NTRP

Overview

NextTrip, Inc. announced financial results for the fiscal third quarter and nine months ended November 30, 2025. The company reported Q3 fiscal 2026 revenue of $1.2 million, compared to $74,635 in the same period last year, representing an increase of approximately 1,508% year over year. Nine-month revenue totaled $2.1 million, up approximately 402% compared to $417,926 for the same period in 2024.

The company also disclosed $1.7 million in deferred revenue not yet recognized in the quarter, reflecting contracted business expected to be recognized in future periods. According to the press release, the quarter represented a "foundational building period" focused on integrating acquisitions, strengthening the platform, expanding sales capabilities, and improving liquidity.

Key Highlights

• Q3 fiscal 2026 revenue of $1.2 million, up approximately 1,508% year over year from $74,635 in the prior year period
• Nine-month revenue of $2.1 million, up approximately 402% year over year from $417,926
• Deferred revenue of $1.7 million as of the end of the quarter, representing contracted business not yet recognized
• Cash and cash equivalents of approximately $2.4 million as of November 30, 2025
• Completed a $3.0 million institutional private placement of equity through Ladenburg Thalmann subsequent to quarter end
• Non-cash expenses of approximately $2.4 million for the nine-month period, related to stock option issuances to outgoing directors and described as largely non-recurring

Strategic Context

NextTrip continued to execute on its media and travel integration strategy during the quarter. The company announced the first wave of JOURNY Originals, a slate of six premium series as part of JOURNY's 21-title Originals lineup. The company also launched a new Video-on-Demand (VOD) platform for JOURNY, complementing its Free Ad-Supported Streaming TV (FAST) presence, and relaunched Travel Magazine 2.0 as a next-generation digital editorial platform.

Subsequent to quarter end, the company reported expanding its sales team, launching hiring and contracting initiatives for platform engineers, and continuing to finalize closing agreements for the planned asset purchase of the GoUSA platform and content assets. Management stated that these investments are expected to drive higher-margin advertising revenue and faster deployment of integrated media-to-commerce capabilities during the first half of fiscal year 2027.

Resources and Financials

• Q3 Fiscal 2026 Revenue: $1.2 million (vs. $74,635 prior year)
• Nine-Month Revenue: $2.1 million (vs. $417,926 prior year)
• Deferred Revenue: $1.7 million
• Cash and Cash Equivalents: approximately $2.4 million (as of November 30, 2025)
• Non-Cash Transaction Charges: approximately $2.4 million (nine months ended November 30, 2025)
• Post-Quarter Private Placement: $3.0 million

What to Watch Next

• Closing of the GoUSA TV platform and content assets acquisition, which the company stated is expected in the near term
• Integration of GoUSA assets into the NextTrip JOURNY media platform, including the transition to a for-profit, advertising-supported model
• Fiscal year 2027 (starting March 1, 2026), which CEO Bill Kerby described as the company's "truly pivotal expansion year" for media distribution, advertising programs, and commerce integrations operating at scale
• Deployment of expanded sales and engineering teams and the impact on revenue and margin in the first half of FY 2027

ArcStone Commentary

At ArcStone, we are constructive on management’s execution capabilities and believe NextTrip warrants attention from growth-oriented investors. Successful integration of GoUSA’s assets, scaling of advertising sales, and validation of the “watch it, book it” model will determine whether this acquisition becomes a catalyst for operating leverage or remains an incremental content investment in a competitive digital travel landscape.

About NextTrip

NextTrip, Inc. (NASDAQ: NTRP) is redefining travel at the intersection of media and technology through a vertically integrated ecosystem that combines immersive content, smart booking tools, and premium services to inspire travelers first and seamlessly convert that inspiration into bookings. Powered by its proprietary NXT2.0 engine, NextTrip offers solutions across luxury hotels, cruises, group travel, and vacation packages, anchored by Five Star Alliance, featuring 5,000+ of the world's finest properties, and TA Pipeline, a leading group travel and agent booking platform for Mexico and the Caribbean. At the top of the funnel, JOURNY reaches millions of consumers through streaming platforms, delivering travel inspiration and discovery, while Travel Magazine serves as a powerful mid-funnel anchor, deepening engagement through editorial content and guiding audiences toward high-value bookings, together creating a unique "content-to-commerce" model that drives transactions for travelers and measurable results for industry partners.

Read full press release here.

ArcStone Financial Pulse Team

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