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NextTrip cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$2.5M in Q2 FY27 · −$8.9M over twelve months

Operating cash flow−$2.5M
Free cash flow−$2.5M
Cash conversion cycle-206 days

Analysis

In Q2 FY27, NextTrip generated −$2.5M of operating cash flow. That is $3.0M less than in Q2 FY26 ($572K).

Over the twelve months to Aug 31, 2026, operating cash flow was −$8.9M; the largest uses were operating cash flow ($8.9M), other investing ($1.2M); besides operations, cash came from shares issued ($5.0M), other financing ($4.4M); the cash balance fell by $693K.

Operating cash flow was −$2.5M against net income of −$3.7M. The largest differences: depreciation & amortization +$337K, deferred revenue +$328K, prepaid and other assets −$304K.

Its cash conversion cycle was -206 days (receivables 37 + inventory 0 − payables 243): suppliers fund its working capital.

Free cash flow

NextTrip: free cash flow by quarterNextTrip: free cash flow by quarter−$1.2MQ3 FY25−$1.9MQ4 FY25−$1.0MQ1 FY26$572KQ2 FY26−$2.0MQ3 FY26−$2.1MQ4 FY26−$2.3MQ1 FY27−$2.5MQ2 FY27
Operating cash flow less capital spending.
NextTrip: operating cash flow against capital spendingNextTrip: operating cash flow against capital spendingOperating cash flowCapital spending−$1.2M$0Q3 FY25−$1.9M$0Q4 FY25−$1.0M$0Q1 FY26$572K$0Q2 FY26−$2.0M$0Q3 FY26−$2.1M$0Q4 FY26−$2.3M$0Q1 FY27−$2.5M$0Q2 FY27
Latest (Q2 FY27): Operating cash flow −$2.5M, Capital spending $0.

Capital allocation, year by year

NextTrip: where the cash came from (up) and went (down), by fiscal yearNextTrip: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY23: Operating cash flow −$3.8MFY23: Net borrowing $3.2MFY23: Capital spending −$3K$3.2MFY23FY24: Operating cash flow −$5.7MFY24: Net borrowing $735KFY24: Shares issued $3.5MFY24: Asset sales $1.6MFY24: Capital spending −$9K$5.8MFY24FY25: Operating cash flow −$5.1MFY25: Net borrowing $2.0MFY25: Shares issued $2.5MFY25: Asset sales $1K$4.5MFY25FY26: Operating cash flow −$4.6MFY26: Shares issued $6.0M$6.0MFY26
Over these 4 years operating cash flow totalled −$19.2M; the largest uses were operating cash flow ($19.2M) and capital spending ($12K). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.1M
Debtnone
Net cash$1.1M
Cash runway2 months

NextTrip is burning cash: its operations consume cash, a free cash flow of −$8.9M a year at the current rate against $1.1M of cash and investments: a runway of about 2 months before any new financing.

Where the cash came from and went

NextTrip: sources (+) and uses (−) of cash, Q2 FY27NextTrip: sources (+) and uses (−) of cash, Q2 FY27Other financing$2.7MOperating cash flow−$2.5MCash drawn (+) / kept (−)−$342KShares issued$50KOther investing$26K
NextTrip: sources (+) and uses (−) of cash, TTM to Q2 FY27NextTrip: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow−$8.9MShares issued$5.0MOther financing$4.4MOther investing−$1.2MCash drawn (+) / kept (−)$693K

From profit to cash

NextTrip: net income to operating cash flow, Q2 FY27NextTrip: net income to operating cash flow, Q2 FY27Net income−$3.7MDepreciation & amortization$337KReceivables$67KPayables−$34KDeferred revenue$328KPrepaid and other assets−$304KOperating cash flow−$2.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY2737—243-206
Q1 FY2712—62-51
Q4 FY2614—64-50

Every quarter

QuarterOperating cash flowAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27−$2.5M——$50K−$342K−$2.5M
Q1 FY27−$2.3M——$300K$893K−$2.3M
Q4 FY26−$2.1M——$3.0M$731K−$2.1M
Q3 FY26−$2.0M——$1.8M−$590K−$2.0M
Q2 FY26$572K———−$1.7M$572K
Q1 FY26−$1.0M−$900K$193K—$931K−$1.0M
Q4 FY25−$1.9M—$1.1M—−$1.0M−$1.9M
Q3 FY25−$1.2M—$724K$200K$87K−$1.2M

NextTrip: income statement and cash flow

NextTrip, Q2 FY27: revenue $547K (-28% year over year), operating margin -606.8%. The chart follows the revenue to costs, profit and cash.

NextTrip: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.