Nexttrip vs Xwell
Xwell is the larger business, with $29.2m of revenue in fiscal 2025 against $3.7m for Nexttrip (7.9 times as much). Nexttrip grew faster (641.0% against -13.8%). Xwell kept more of each dollar of sales as profit: a net margin of -58.2% against -428.3%.
| Latest fiscal year | NexttripNTRP, 2026 | XwellXWEL, 2025 |
|---|---|---|
| Revenue | $3.7m | $29.2m |
| Revenue growth | 641.0% | -13.8% |
| Net income | −$15.9m | −$17.0m |
| Operating margin | -440.5% | — |
| Net margin | -428.3% | -58.2% |
| Return on equity | — | — |
| Free cash flow | −$4.6m | −$11.7m |
| Cash | $1.7m | $2.6m |
| Total debt | $3.4m | $3.6m |
| Debt to equity | 63.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 105 |
| Market value | $17.2m | $5.8m |
| Price vs our value range | — | — |
| Moat score | — | 29 (Weak) |
| Insider trades, 12 months | 4 buys, 4 sales | 0 buys, 0 sales |