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81 /100
CRITICAL RISK
Score updated Oct 13, 2026

NTRP — NextTrip, Inc. Dilution Risk Tracker

Track NTRP dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, NextTrip, Inc. (NTRP) has a DilutionWatch DilutionScore of 81/100, rated CRITICAL dilution risk. NextTrip, Inc. has a market capitalization of $28.05M, 14.92M shares outstanding, 15 institutional holders tracked. Stored dilution-related fields include 2.19M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
80
💰 Cash Runway
95
📊 Float Risk
55
⚠️ Warrant Exposure
50
🔄 Convertible Debt
15

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 35%
💰 Capital Raise model 55%
• Critical: only 1.9 months cash remaining
🔄 Reverse Split model est. 15%
• Only 2 months cash — financial pressure
📜 Warrant Exercise model 15%
• Warrant overhang: 14.7% of shares outstanding
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Market Data

Market Cap$28.05M
Shares Outstanding14.92M
Float7.23M
Cash$803.5K
Debt$4.10M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore81/100DilutionWatch score record
Shares Outstanding14.92MVerified float table or market cache
Public Float7.23MVerified float table or market cache
Market Cap$28.05MMarket data cache
Cash Runway1.9 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants2.19MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 2.

Recent SEC source mix: XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 18.9% shares (2026Q1 vs prior)
15 institutional holders · 1.33M shares
#1 ARMISTICE CAPITAL, LLC 675.1K shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 254.6K shares
#3 HighTower Advisors, LLC 191.8K shares
+ 12 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest227.9K
Days to Cover2.3
% of Float3.1%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-07-15
xbrl XBRL CONVERTIBLE 2026-05-29
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NTRP Dilution Snapshot

NextTrip, Inc. (NTRP) has a DilutionScore of 81/100, rated Critical dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

NTRP's DilutionScore is currently 81/100 (Critical risk), with 4 score changes tracked over 89 days. The score improved from 77/100 (Critical risk).

Period Score Risk Level Duration
Oct 01 – Oct 13, 202681/100CRITICAL13 days
Aug 22 – Sep 30, 202677/100CRITICAL40 days
Aug 14 – Aug 21, 202682/100CRITICAL7 days
Jul 17 – Aug 13, 202677/100CRITICAL28 days
Jul 16, 202674/100HIGH1 day

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

NTRP shares outstanding have increased 6.8% from 13.57M (May 2026) to 14.49M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 30, 202614.49M7.23M▼ 0.71%
May 18, 202613.57M7.28M▲ 15.67%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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