NextTrip (NTRP) investor relations material

Executive summary

• Revenue for the quarter ended November 30, 2025, increased 1,508% year-over-year to $1.2 million, with nine-month revenue up 402% to $2.1 million, driven by group travel, consortia payments, and Five Star Alliance bookings.

• Deferred revenue of $1.7 million signals strong contracted business for future periods.

• Operating loss for the quarter was $3.08 million, up 74% from the prior year, reflecting increased professional services, technology, and depreciation expenses.

• The company completed key acquisitions (TA Pipeline, Five Star Alliance, JOURNY.tv) and launched new travel and media products, expanding its integrated travel and media ecosystem.

• Strategic focus on scaling revenue, integrating acquisitions, and expanding media and travel platforms.

Financial highlights

• Quarterly revenue: $1.2 million (up from $74,635 year-over-year); nine-month revenue: $2.1 million (up from $417,926 year-over-year).

• Gross margin improved to 18% from -3% year-over-year, with gross profit for the quarter at $217,478.

• Operating expenses for the quarter: $3.3 million (up 86% year-over-year); nine-month operating expenses: $11.3 million (up 118%).

• Non-cash expenses of $2.4 million related to stock options for outgoing directors are not expected to recur.

• Cash and cash equivalents as of November 30, 2025: $2.4 million; working capital deficit: $750,124.

Outlook and guidance

• Management expects continued net losses and negative cash flows as investments in technology, supplier relationships, and marketing continue.

• The company estimates a minimum of $5.5 million in additional funding is required to continue operations for the next twelve months.

• Fiscal 2027 (starting March 1, 2026) is expected to be a pivotal expansion year, with scaled media distribution, advertising, and commerce integrations.

• Management anticipates accelerating revenue growth and margin expansion as new initiatives mature.

• There is substantial doubt about the company's ability to continue as a going concern without additional financing.