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Side-by-side financial comparison of NextTrip, Inc. (NTRP) and VERRA MOBILITY Corp (VRRM). Click either name above to swap in a different company.

VERRA MOBILITY Corp is the larger business by last-quarter revenue ($257.9M vs $1.2M, roughly 214.9× NextTrip, Inc.). VERRA MOBILITY Corp runs the higher net margin — 7.3% vs -272.9%, a 280.3% gap on every dollar of revenue. On growth, NextTrip, Inc. posted the faster year-over-year revenue change (1508.0% vs 16.4%). Over the past eight quarters, NextTrip, Inc.'s revenue compounded faster (266.1% CAGR vs 10.9%).

NeXT, Inc. was an American technology company headquartered in Redwood City, California, which specialized in computer workstations for higher education and business markets, and later developed the first dynamic web page software. It was founded in 1985 by Steve Jobs, the Apple Computer co-founder who had been removed from Apple that year. NeXT debuted with the NeXT Computer in 1988, and released the NeXTcube and smaller NeXTstation in 1990. The series had relatively limited sales, with only...

Verra Mobility Corp is a leading global smart mobility technology solution provider. It delivers toll management, parking and traffic compliance enforcement, connected vehicle services, and fleet management tools, serving government transport agencies, rental car operators, commercial fleet owners, and automotive partners across North America, Europe, and Asia-Pacific.

NTRP vs VRRM — Head-to-Head

Bigger by revenue
VRRM
VRRM
214.9× larger
VRRM
$257.9M
$1.2M
NTRP
Growing faster (revenue YoY)
NTRP
NTRP
+1491.6% gap
NTRP
1508.0%
16.4%
VRRM
Higher net margin
VRRM
VRRM
280.3% more per $
VRRM
7.3%
-272.9%
NTRP
Faster 2-yr revenue CAGR
NTRP
NTRP
Annualised
NTRP
266.1%
10.9%
VRRM

Income Statement — Q3 2026 vs Q4 2025

Metric
NTRP
NTRP
VRRM
VRRM
Revenue
$1.2M
$257.9M
Net Profit
$-3.3M
$18.9M
Gross Margin
18.1%
Operating Margin
-257.0%
16.7%
Net Margin
-272.9%
7.3%
Revenue YoY
1508.0%
16.4%
Net Profit YoY
-63.0%
128.3%
EPS (diluted)
$-0.37
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NTRP
NTRP
VRRM
VRRM
Q4 25
$1.2M
$257.9M
Q3 25
$757.6K
$261.9M
Q2 25
$138.8K
$236.0M
Q1 25
$83.5K
$223.3M
Q4 24
$74.6K
$221.5M
Q3 24
$154.5K
$225.6M
Q2 24
$188.8K
$222.4M
Q1 24
$89.6K
$209.7M
Net Profit
NTRP
NTRP
VRRM
VRRM
Q4 25
$-3.3M
$18.9M
Q3 25
$-2.9M
$46.8M
Q2 25
$-4.5M
$38.6M
Q1 25
$-4.6M
$32.3M
Q4 24
$-2.0M
$-66.7M
Q3 24
$-1.5M
$34.7M
Q2 24
$-2.0M
$34.2M
Q1 24
$-3.4M
$29.1M
Gross Margin
NTRP
NTRP
VRRM
VRRM
Q4 25
18.1%
Q3 25
21.9%
Q2 25
28.0%
Q1 25
-10.6%
Q4 24
-2.8%
Q3 24
-0.6%
Q2 24
8.1%
Q1 24
-35.4%
Operating Margin
NTRP
NTRP
VRRM
VRRM
Q4 25
-257.0%
16.7%
Q3 25
-422.7%
28.6%
Q2 25
-3342.1%
26.8%
Q1 25
-2656.6%
25.7%
Q4 24
-2376.3%
-19.6%
Q3 24
-951.0%
28.3%
Q2 24
-1034.1%
27.5%
Q1 24
-1890.7%
25.9%
Net Margin
NTRP
NTRP
VRRM
VRRM
Q4 25
-272.9%
7.3%
Q3 25
-382.5%
17.9%
Q2 25
-3210.6%
16.3%
Q1 25
-5506.1%
14.5%
Q4 24
-2692.1%
-30.1%
Q3 24
-993.3%
15.4%
Q2 24
-1048.1%
15.4%
Q1 24
-3797.0%
13.9%
EPS (diluted)
NTRP
NTRP
VRRM
VRRM
Q4 25
$-0.37
$0.12
Q3 25
$-0.39
$0.29
Q2 25
$-0.68
$0.24
Q1 25
$0.81
$0.20
Q4 24
$-0.35
$-0.39
Q3 24
$-1.14
$0.21
Q2 24
$-1.55
$0.20
Q1 24
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NTRP
NTRP
VRRM
VRRM
Cash + ST InvestmentsLiquidity on hand
$2.4M
$65.3M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$5.9M
$293.0M
Total Assets
$14.4M
$1.6B
Debt / EquityLower = less leverage
3.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTRP
NTRP
VRRM
VRRM
Q4 25
$2.4M
$65.3M
Q3 25
$1.8M
$196.1M
Q2 25
$130.9K
$147.7M
Q1 25
$1.1M
$108.5M
Q4 24
$15.4K
$77.6M
Q3 24
$102.0K
$206.1M
Q2 24
$36.7K
$122.0M
Q1 24
$323.8K
$149.5M
Total Debt
NTRP
NTRP
VRRM
VRRM
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
Q1 24
$1.0B
Stockholders' Equity
NTRP
NTRP
VRRM
VRRM
Q4 25
$5.9M
$293.0M
Q3 25
$5.6M
$403.1M
Q2 25
$6.7M
$352.1M
Q1 25
$7.4M
$299.6M
Q4 24
$-1.4M
$265.1M
Q3 24
$-134.1K
$486.5M
Q2 24
$1.2M
$438.6M
Q1 24
$3.1M
$449.0M
Total Assets
NTRP
NTRP
VRRM
VRRM
Q4 25
$14.4M
$1.6B
Q3 25
$13.9M
$1.8B
Q2 25
$11.0M
$1.7B
Q1 25
$9.9M
$1.6B
Q4 24
$5.0M
$1.6B
Q3 24
$4.9M
$1.9B
Q2 24
$4.7M
$1.8B
Q1 24
$5.1M
$1.8B
Debt / Equity
NTRP
NTRP
VRRM
VRRM
Q4 25
3.51×
Q3 25
2.55×
Q2 25
2.93×
Q1 25
3.45×
Q4 24
3.90×
Q3 24
2.13×
Q2 24
2.36×
Q1 24
2.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NTRP
NTRP
VRRM
VRRM
Operating Cash FlowLast quarter
$-2.0M
$40.0M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$136.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTRP
NTRP
VRRM
VRRM
Q4 25
$-2.0M
$40.0M
Q3 25
$572.4K
$77.7M
Q2 25
$-1.0M
$75.1M
Q1 25
$-1.9M
$63.0M
Q4 24
$-1.2M
$40.5M
Q3 24
$-810.2K
$108.8M
Q2 24
$-1.1M
$40.0M
Q1 24
$-3.1M
$34.3M
Free Cash Flow
NTRP
NTRP
VRRM
VRRM
Q4 25
$5.7M
Q3 25
$49.0M
Q2 25
$40.3M
Q1 25
$41.7M
Q4 24
$21.6M
Q3 24
$85.1M
Q2 24
$26.0M
Q1 24
$20.1M
FCF Margin
NTRP
NTRP
VRRM
VRRM
Q4 25
2.2%
Q3 25
18.7%
Q2 25
17.1%
Q1 25
18.7%
Q4 24
9.8%
Q3 24
37.7%
Q2 24
11.7%
Q1 24
9.6%
Capex Intensity
NTRP
NTRP
VRRM
VRRM
Q4 25
13.3%
Q3 25
11.0%
Q2 25
14.8%
Q1 25
9.5%
Q4 24
8.5%
Q3 24
10.5%
Q2 24
6.3%
Q1 24
6.8%
Cash Conversion
NTRP
NTRP
VRRM
VRRM
Q4 25
2.12×
Q3 25
1.66×
Q2 25
1.95×
Q1 25
1.95×
Q4 24
Q3 24
3.13×
Q2 24
1.17×
Q1 24
1.18×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NTRP
NTRP

Segment breakdown not available.

VRRM
VRRM

Services$239.5M93%
CA$8.4M3%
GB$5.7M2%
Other Customer$1.6M1%
Parking Solutions$1.1M0%

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