Loop Industries Financials

LOOP

Source SEC Filings (10-K/10-Q) Updated Feb 28, 2026 Currency USD FYE February

This page shows Loop Industries (LOOP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LOOP FY2025 2026-05-27

Loop's FY2025 shift was meaningful revenue appearing alongside sharply lower cash burn, while financing still supported liquidity.

FY2025's $10.9M of revenue arrived with only -$2.1M of operating cash burn, a very different pairing from the near-zero-revenue, heavy-burn pattern of prior years and a sign the business moved beyond a purely development-stage cost base. Yet cash still rose to $13.0M because financing supplied $10.3M, so the liquidity improvement came from external capital rather than self-funding.

The gap between net loss of -$15.1M and free cash outflow of -$2.1M shows FY2025 losses were no longer driven by comparable new cash spending. With capital expenditures at $0, cash usage reflected the operating model itself rather than another year of heavy asset build.

Short-term liquidity still looks comfortable, with a current ratio of 3.5x and cash well above current liabilities. But debt-to-equity reached 7.6x as equity fell to just $367K, leaving far less balance-sheet cushion than a year earlier.

Financial Health Signals

Financial Profile 20/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Loop Industries's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

100

Loop Industries's revenue declined 95.3% year-over-year, from $10.9M to $514K. This contraction results in a growth score of 100/100.

Leverage

Loop Industries has elevated debt relative to equity (D/E of -0.25), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Loop Industries's current ratio of 1.31 is below the typical benchmark, resulting in a score of 21/100. However, the company holds substantial cash reserves (86% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Piotroski F-Score Weak

1/9

Loop Industries passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.82x

For every $1 of reported earnings, Loop Industries generates $0.82 in operating cash flow (-$10.1M OCF vs -$12.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$514K

YoY-95.3%

5Y CAGR+40.8%

Loop Industries generated $514K in revenue in fiscal year 2026. This represents a decrease of 95.3% from the prior year.

EBITDA

N/A

Net Income

-$12.3M

YoY+18.3%

Loop Industries reported -$12.3M in net income in fiscal year 2026. This represents an increase of 18.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2.4M

YoY-81.8%

5Y CAGR-41.8%

10Y CAGR+18.7%

Loop Industries held $2.4M in cash against $2.4M in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

48M

YoY+1.5%

5Y CAGR+2.6%

10Y CAGR+4.9%

Loop Industries had 48M shares outstanding in fiscal year 2026. This represents an increase of 1.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-2392.8%

YoY-2254.5pp

5Y CAGR+36669.7pp

Loop Industries's net profit margin was -2392.8% in fiscal year 2026, showing the share of revenue converted to profit. This is down 2254.5 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$3.5M

YoY-47.8%

5Y CAGR-28.6%

10Y CAGR+15.8%

Loop Industries invested $3.5M in research and development in fiscal year 2026. This represents a decrease of 47.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

LOOP Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$514K-95.3%	$10.9M+7017.0%	$153K-11.6%	$173K+193.3%	$59K-36.6%	$93K
Cost of Revenue	$381K+74.8%	$218K	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$3.5M-47.8%	$6.6M-41.6%	$11.4M-34.4%	$17.3M-37.5%	$27.7M+48.4%	$18.7M
SG&A Expenses	$6.4M-30.6%	$9.2M-7.6%	$10.0M-51.1%	$20.4M+59.7%	$12.8M+10.8%	$11.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.7M+175.6%	$618K	N/A	N/A	$154K+88.2%	$82K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$12.3M+18.3%	-$15.1M+28.6%	-$21.1M+1.0%	-$21.3M+52.6%	-$44.9M-23.6%	-$36.3M
EPS (Diluted)	N/A	$-0.32+27.3%	$-0.44	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	N/A	$86K	$0-100.0%	$252K-97.7%	$10.8M+20684.6%	$52K+126.1%	$23K+283.3%	$6K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$967K+14.7%	$843K-38.6%	$1.4M+26.4%	$1.1M-21.1%	$1.4M-29.2%	$1.9M-13.1%	$2.2M
SG&A Expenses	N/A	$1.5M-19.8%	$1.9M+13.5%	$1.6M+4.8%	$1.6M-26.7%	$2.1M-17.2%	$2.6M-10.9%	$2.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$436K+4.1%	$419K0.0%	$419K+27.4%	$329K+199.1%	$110K-7.6%	$119K+98.3%	$60K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$2.9M+8.1%	-$3.2M+7.0%	-$3.4M-150.1%	$6.9M+157.8%	-$11.9M-146.2%	-$4.8M+6.7%	-$5.2M
EPS (Diluted)	N/A	N/A	N/A	$-0.07	N/A	$-0.25	N/A	$-0.11

LOOP Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$8.6M-53.9%	$18.6M-9.6%	$20.6M-49.3%	$40.6M-31.5%	$59.2M+36.4%	$43.4M
Current Assets	$3.6M-74.0%	$13.9M+73.4%	$8.0M-78.1%	$36.4M-30.1%	$52.1M+38.7%	$37.6M
Cash & Equivalents	$2.4M-81.8%	$13.0M+86.4%	$7.0M-76.5%	$29.6M-32.8%	$44.1M+25.1%	$35.2M
Inventory	$0-100.0%	$82K-19.6%	$102K-86.0%	$727K	$0	N/A
Accounts Receivable	$755K+18.2%	$639K+82.1%	$351K	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$18.1M-0.4%	$18.2M+184.1%	$6.4M-6.1%	$6.8M-48.4%	$13.2M+25.0%	$10.6M
Current Liabilities	$2.8M-30.4%	$4.0M+63.5%	$2.4M-32.4%	$3.6M-63.6%	$9.8M+8.6%	$9.1M
Long-Term Debt	$2.4M-12.4%	$2.8M-13.9%	$3.2M-0.6%	$3.2M-4.1%	$3.4M+122.8%	$1.5M
Total Equity	-$9.6M-2710.4%	$367K-97.4%	$14.1M-58.1%	$33.7M-26.7%	$46.0M+40.1%	$32.8M
Retained Earnings	-$204.3M-6.4%	-$192.0M-8.5%	-$177.0M-13.5%	-$155.9M-15.8%	-$134.6M-50.1%	-$89.7M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$8.6M-24.2%	$11.3M-15.0%	$13.3M-16.5%	$15.9M-14.3%	$18.6M+297.1%	$4.7M-68.8%	$15.0M-19.9%	$18.7M
Current Assets	$3.6M-39.9%	$6.0M-31.8%	$8.8M-22.2%	$11.3M-18.3%	$13.9M+1293.6%	$994K-57.9%	$2.4M-61.7%	$6.2M
Cash & Equivalents	$2.4M-54.7%	$5.2M-28.8%	$7.3M-25.0%	$9.7M-24.9%	$13.0M+3916.4%	$323K-95.4%	$7.0M+31.5%	$5.3M
Inventory	$0-100.0%	$85K-1.2%	$86K0.0%	$86K+4.9%	$82K+5.1%	$78K-3.7%	$81K-18.2%	$99K
Accounts Receivable	$755K	N/A	N/A	$974K+52.4%	$639K	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$18.1M-2.5%	$18.6M-0.8%	$18.8M+0.6%	$18.6M+2.4%	$18.2M+57.5%	$11.6M+13.7%	$10.2M+7.3%	$9.5M
Current Liabilities	$2.8M-22.3%	$3.5M-9.1%	$3.9M-3.1%	$4.0M+1.6%	$4.0M-51.0%	$8.1M+65.9%	$4.9M+55.3%	$3.1M
Long-Term Debt	$2.4M-2.6%	$2.5M-6.3%	$2.7M-4.4%	$2.8M+0.5%	$2.8M+4.0%	$2.7M-40.7%	$4.5M-19.0%	$5.6M
Total Equity	-$9.6M-30.8%	-$7.3M-33.9%	-$5.5M-100.7%	-$2.7M-842.2%	$367K+105.3%	-$6.9M-242.4%	$4.8M-47.8%	$9.3M
Retained Earnings	-$204.3M-1.3%	-$201.6M-1.5%	-$198.7M-1.6%	-$195.5M-1.8%	-$192.0M+3.5%	-$198.9M-6.4%	-$187.0M-2.7%	-$182.2M

LOOP Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$10.1M-376.7%	-$2.1M+88.2%	-$18.0M+48.3%	-$34.9M+14.0%	-$40.6M-80.4%	-$22.5M
Capital Expenditures	N/A	$0-100.0%	$5.2M+6272.8%	$81K-98.3%	$4.8M+177.6%	$1.7M
Free Cash Flow	N/A	-$2.1M+90.9%	-$23.2M+33.6%	-$35.0M+22.9%	-$45.4M-87.3%	-$24.2M
Investing Cash Flow	-$1.2M+42.5%	-$2.0M+63.9%	-$5.6M-126.5%	$21.3M+382.5%	-$7.5M-153.0%	-$3.0M
Financing Cash Flow	$678K-93.4%	$10.3M+16477.8%	-$63K-106.2%	$1.0M-98.2%	$57.0M+114.3%	$26.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	-$2.7M-54.9%	-$1.8M+29.9%	-$2.5M+18.2%	-$3.1M-147.3%	$6.5M+450.2%	-$1.9M+35.0%	-$2.9M+26.9%	-$3.9M
Capital Expenditures	N/A	N/A	N/A	N/A	$0	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	$6.5M	N/A	N/A	N/A
Investing Cash Flow	-$12K+98.8%	-$1.0M-5600.0%	-$18K+84.3%	-$115K+94.1%	-$1.9M-915.9%	$239K+260.4%	-$149K+15.3%	-$176K
Financing Cash Flow	-$60K-108.7%	$687K+548.1%	$106K+292.7%	-$55K-100.7%	$8.0M+933.0%	$775K+181.2%	-$955K-138.3%	$2.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LOOP Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-2392.8%-2254.5pp	-138.3%+13644.1pp	-13782.4%-1469.6pp	-12312.7%+63855.5pp	-76168.2%-37105.7pp	-39062.5%
Return on Equity	N/A	-4102.7%-3953.6pp	-149.1%-86.0pp	-63.1%+34.5pp	-97.7%+13.1pp	-110.7%
Return on Assets	-143.7%-62.7pp	-81.0%+21.6pp	-102.6%-50.1pp	-52.5%+23.3pp	-75.8%+7.9pp	-83.7%
Current Ratio	1.31-2.2	3.50+0.2	3.30-6.9	10.16+4.9	5.29+1.1	4.15
Debt-to-Equity	-0.25-7.8	7.56+7.3	0.23+0.1	0.10+0.0	0.07+0.0	0.05
FCF Margin	N/A	-19.5%+15149.1pp	-15168.6%+5047.0pp	-20215.6%+56728.4pp	-76944.0%-50906.9pp	-26037.1%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	-3423.3%	N/A	-1367.9%-1431.5pp	63.7%+22971.4pp	-22907.7%-1868.6pp	-21039.1%+65444.2pp	-86483.3%
Return on Equity	N/A	N/A	N/A	N/A	1875.5%	N/A	-100.1%-44.1pp	-56.0%
Return on Assets	N/A	-26.1%-2.0pp	-24.1%-2.5pp	-21.6%-58.7pp	37.0%+291.6pp	-254.6%-222.3pp	-32.3%-4.6pp	-27.7%
Current Ratio	1.31-0.4	1.69-0.6	2.26-0.6	2.81-0.7	3.50+3.4	0.12-0.4	0.48-1.5	1.96
Debt-to-Equity	-0.25+0.1	-0.34+0.1	-0.49+0.5	-1.02-8.6	7.56+7.9	-0.39-1.3	0.93+0.3	0.60
FCF Margin	N/A	N/A	N/A	N/A	60.3%	N/A	N/A	N/A

Note: Shareholder equity is negative (-$9.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Loop Industries's annual revenue?

Loop Industries (LOOP) reported $514K in total revenue for fiscal year 2026. This represents a -95.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Loop Industries's revenue growing?

Loop Industries (LOOP) revenue declined by 95.3% year-over-year, from $10.9M to $514K in fiscal year 2026.

Is Loop Industries profitable?

No, Loop Industries (LOOP) reported a net income of -$12.3M in fiscal year 2026, with a net profit margin of -2392.8%.

How much debt does Loop Industries have?

As of fiscal year 2026, Loop Industries (LOOP) had $2.4M in cash and equivalents against $2.4M in long-term debt.

What is Loop Industries's net profit margin?

Loop Industries (LOOP) had a net profit margin of -2392.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Loop Industries's operating cash flow?

Loop Industries (LOOP) generated -$10.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Loop Industries's total assets?

Loop Industries (LOOP) had $8.6M in total assets as of fiscal year 2026, including both current and long-term assets.

How much does Loop Industries spend on research and development?

Loop Industries (LOOP) invested $3.5M in research and development during fiscal year 2026.

How many shares does Loop Industries have outstanding?

Loop Industries (LOOP) had 48M shares outstanding as of fiscal year 2026.

What is Loop Industries's current ratio?

Loop Industries (LOOP) had a current ratio of 1.31 as of fiscal year 2026, which is considered adequate.

What is Loop Industries's debt-to-equity ratio?

Loop Industries (LOOP) had a debt-to-equity ratio of -0.25 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Loop Industries's return on assets (ROA)?

Loop Industries (LOOP) had a return on assets of -143.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Loop Industries's cash runway?

Based on fiscal year 2026 data, Loop Industries (LOOP) had $2.4M in cash against an annual operating cash burn of $10.1M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Loop Industries's debt-to-equity ratio negative or unusual?

Loop Industries (LOOP) has negative shareholder equity of -$9.6M as of fiscal year 2026, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Loop Industries's Piotroski F-Score?

Loop Industries (LOOP) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Loop Industries's earnings high quality?

Loop Industries (LOOP) has an earnings quality ratio of 0.82x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Loop Industries?

Loop Industries (LOOP) scores 20 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.