NTRPNasdaqTransportation ServicesUS GAAP · USD

NextTrip, Inc.

NextTrip, Inc. is a U.S.-based travel technology company that operates an online platform for booking leisure, luxury, cruise, and group travel. Its business combines proprietary booking tools, third-party travel inventory, and media properties that support travel discovery and trip planning.

Liikevaihto3,7milj. USD
+641,0 %v/v
Liikevoitto (EBIT)−16,4milj. USD
−120,8 %v/v
EBIT-marginaali−440,5%
+1 038,0 %-yks.v/v
Nettotulos−15,9milj. USD
−57,2 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−20−15−10−505milj. USD2021: 1,7 milj. USD2021: EBIT −8,5 milj. USD20212022: 0,63 milj. USD2022: EBIT −8,7 milj. USD20222023: 0,38 milj. USD2023: EBIT −5,0 milj. USD20232024: 0,46 milj. USD2024: EBIT −5,7 milj. USD20242025: 0,50 milj. USD2025: EBIT −7,4 milj. USD20252026: 3,7 milj. USD2026: EBIT −16 milj. USD20263,7−16
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Travel bookings55 %

Direct and partner-supplied booking services for hotels, air, cruises, packages, and activities.

Luxury and cruise travel20 %

Curated luxury hotel, cruise, and premium travel offerings through specialized brands and partners.

Travel technology and white-label solutions15 %

Booking engines, travel agent tools, and platform services for distributors and partners.

Advertising and media10 %

Advertising, content, and media properties tied to travel discovery and trip planning.

Asiakkaat

NextTrip sells to leisure travelers, luxury travelers, cruise customers, and group travel planners who book trips through its digital platform. It also serves travel agents, distributors, and other partners that use its booking tools, inventory access, or white-label solutions. The company’s media properties are designed to attract travelers earlier in the planning process and support advertising and cross-selling.

Leisure travelers

Book vacation packages, hotels, flights, tours, and activities through NextTrip Vacations and Leisure.

Luxury and premium travelers

Buy curated five-star hotel and premium travel services through Five Star Alliance and related offerings.

Cruise travelers

Book cruise sailings and bundled travel components through the integrated cruise engine.

Group travel buyers

Use the Groups Platform for destination weddings, meetings, conferences, and conventions.

Travel agents and distributors

Use the Travel Agent Platform and white-label tools to access inventory and manage bookings.

Strategia

NextTrip is building an integrated travel-and-media ecosystem that combines booking, content, and advertising. Its strategy centers on expanding inventory depth, improving conversion through specialized travel products, and using media properties to attract and retain travelers with lower external marketing dependence.

Build a broader travel inventory and booking ecosystemLyhyt aikaväli

More inventory improves conversion, cross-selling, and customer retention.

Scale specialty travel productsKeskipitkä aikaväli

Niche offerings can differentiate the platform from general OTAs.

Monetize media and advertisingKeskipitkä aikaväli

Media can create traffic, support trip planning, and add a second revenue stream.

Increase direct contracting and pricing controlPitkä aikaväli

Direct contracts can improve economics versus commission-based inventory.

Maantiede

NextTrip is headquartered in the United States and its sales originate primarily there. Its inventory and booking content are global, with hotels, cruises, rentals, and activities sourced through international suppliers and API integrations worldwide. The company also targets select leisure destinations such as Mexico and the Caribbean, while its growth strategy depends on broader international traveler reach.

Riskit

NextTrip depends on travel demand, supplier relationships, and the ability to market its platform effectively in a crowded OTA market. Its model also relies on continued access to third-party inventory, successful brand building, and the execution of new products such as groups and media-driven travel discovery. As a smaller travel platform, it is exposed to industry shocks, international operations risk, and accounting judgments around revenue timing and asset impairment.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Dependence on global travel demand1Insufficient marketing and brand awareness2International operations and geopolitical exposure3Execution risk on new platforms4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Dependence on global travel demandVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue comes from travel bookings, so disruptions in air or leisure travel reduce transaction volume.

    Kohdistuu: Bookings and related service revenue

  2. Insufficient marketing and brand awarenessVaikutus: KorkeaTodennäköisyys: Korkea

    The platform needs customer acquisition spend to attract travelers and suppliers.

    KohdistuuTrafficConversionSupplier distribution
  3. International operations and geopolitical exposureVaikutus: KeskitasoTodennäköisyys: Korkea

    The company sells and sources travel globally, creating exposure to cross-border disruptions.

    Kohdistuu: Global travel markets

  4. Execution risk on new platformsVaikutus: KeskitasoTodennäköisyys: Korkea

    Groups, media, and white-label solutions must gain adoption to become meaningful revenue streams.

    KohdistuuNextTrip SolutionsMediaSpecialty travel
  5. Supplier concentration and inventory accessVaikutus: Keskitaso

    The business depends on third-party APIs, wholesalers, and direct contracts for travel content.

    KohdistuuHotelsCruisesRentalsActivities inventory

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Travel revenue is recognized when the service is delivered or cancellation expires, affecting quarter-to-quarter comparability.

Vaikutus: Booking timing and travel dates can shift reported revenue

Principal versus agent accounting

Some products are recorded gross while commission-based products are lower net revenue.

Vaikutus: Changes reported revenue, cost of revenues, and margins

Deferred revenue

Advance payments for tours and activities are recorded as liabilities until travel occurs.

Vaikutus: Affects revenue deferral and working capital

Intangible asset impairment

Acquired brands and platform assets must be tested if performance weakens.

Vaikutus: Could create non-cash impairment charges

Allowance for bad debts and stock compensation

Estimates affect expense recognition and reported operating results.

Vaikutus: Can materially move earnings in a small company

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

NextTrip, Inc. (Nasdaq) – Transportation Services | Analyysi – Clarifo