Company / R&D Expense
NextTrip, Inc. R&D Expense History
FY2016-FY2022 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$417.7K
FY2022
5-year range
$126.3K / $417.7K
FY2018-FY2022
Trend
+230.8%
vs FY2021
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense changed +231% YoY in FY2022, a notable deviation from the 6-year average annual change of +55%.
Based on SEC 10-K filings.
$417,744 in FY2022 with a 5-year CAGR of +28.2%.
Declined from $647,994 to $417,744 over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -5.4%
- 5-Year CAGR
- +28.2%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +28.2%, indicating consistent growth.
- In FY2022, r&d expense increased 230.8% year-over-year.
- Peak r&d expense was recorded in FY2020.
- Lowest r&d expense in the period was in FY2017.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | - | - |
| FY2025 | - | - |
| FY2024 | - | - |
| FY2022 | $417.7K | +230.8% |
| FY2021 | $126.3K | -80.5% |
| FY2020 | $648.0K | +31.3% |
| FY2019 | $493.4K | +63.4% |
| FY2018 | $302.0K | +150.4% |
| FY2017 | $120.6K | -63.5% |
| FY2016 | $330.6K | +50.8% |
As of FY2022 · SEC 10-K · Updated Jun 28, 2026