Home / Going-concern warnings / NextTrip, Inc.
Filed 2026-10-15 · Form 10-Q · Accession 0001437749-26-032722 nano
Price before filing: $1.71 (2026-10-14 close, split/dividend-adjusted)
Market cap at flag: $24.8M (2026-10-15) · Latest: $20.2M (2026-10-16)
| Window | NTRP | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | pending | pending | until 2026-11-14 | |
| 90 days | pending | pending | until 2027-01-13 | |
| 180 days | pending | pending | until 2027-04-13 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $161K (4 sales); 1 insider bought $100K (1 purchase)
30 days after (window still open until 2026-11-14): none reported so far.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-09-17 | Kaplan Andrew Jay Director | Purchase | 52,910 | $1.89 | $100K | no | Form 4 |
| 2026-10-08 | McMahon John Patrick COO - Travel Division | Sale | 20,000 | $1.95 | $39K | no | Form 4 |
| 2026-10-08 | McMahon John Patrick COO - Travel Division | Sale | 20,000 | $1.91 | $38K | no | Form 4 |
| 2026-10-09 | McMahon John Patrick COO - Travel Division | Sale | 20,000 | $2.17 | $43K | no | Form 4 |
| 2026-10-09 | McMahon John Patrick COO - Travel Division | Sale | 20,000 | $2.02 | $40K | no | Form 4 |
| 2026-10-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-07-17 to 2026-11-14. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"In light of the foregoing, there is substantial doubt about the Company's ability to continue as a going concern within one year after the date that these financial statements are issued. 9 Table of Contents NOTE 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying financial statements have been prepared by the Company in accordance with Generally Accepted Accounting Principles..."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2026-08-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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