Loop Industries, Inc. LOOP
Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles, packaging, and textiles such as carpets and clothing, into its base building block monomers, DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $514.0K | $10.9M | $153.0K | $173.0K | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $381.0K | $218.0K | — | — | — | — | — | — | — | — |
| Gross profit | $133.0K | $10.7M | — | — | — | — | — | — | — | — |
| R&D | $3.5M | $6.6M | $11.4M | $17.3M | $27.7M | $18.7M | $4.7M | $3.4M | $6.7M | $1.5M |
| SG&A | $6.4M | $9.2M | $10.0M | $20.4M | $12.8M | $11.5M | $7.2M | $8.8M | $6.9M | $2.3M |
| Total operating expenses | $10.3M | $24.9M | $21.9M | $38.3M | $41.1M | $36.3M | $14.5M | $17.5M | $14.0M | $4.1M |
| Operating income | — | — | — | — | — | — | — | — | — | -$4.1M |
| Interest expense | — | — | — | — | $154.3K | $82.0K | $2.2M | $467.1K | $5.1K | $0 |
| Pre-tax income | -$12.3M | -$15.1M | -$21.1M | -$21.3M | -$44.9M | -$36.3M | -$14.5M | -$17.5M | -$14.0M | -$4.1M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$12.3M | -$15.1M | -$21.1M | -$21.3M | -$44.9M | -$36.3M | -$14.5M | -$17.5M | -$14.0M | -$4.1M |
| EPS, basic | -0.26 | -0.32 | — | — | — | — | — | — | — | — |
| EPS, diluted | — | -0.32 | -0.44 | — | — | -0.89 | -0.38 | -0.52 | -0.43 | -0.13 |
| Shares, diluted (wtd. avg.) | $48.0M | $47.6M | $47.5M | — | — | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.4M | $13.0M | $7.0M | $30.6M | $44.1M | $35.2M | $33.7M | $5.8M | $8.1M | $916.5K |
| Receivables | $755.0K | $639.0K | $351.0K | — | — | — | — | — | — | — |
| Inventory | $0 | $82.0K | $102.0K | $727.0K | $0 | — | — | — | — | — |
| Total current assets | $3.6M | $13.9M | $8.0M | $36.4M | $52.1M | $37.6M | $34.5M | $6.7M | $9.0M | $1.1M |
| Property, plant and equipment | $1.7M | $1.7M | $10.6M | $2.5M | $5.7M | $3.5M | $7.3M | $5.4M | $4.0M | $1.6M |
| Other intangibles | $1.8M | $1.7M | $1.5M | $1.2M | $1.0M | $794.9K | $202.9K | $127.7K | $332.7K | $308.0K |
| Total assets | $8.6M | $18.6M | $20.6M | $40.6M | $59.2M | $43.4M | $42.8M | $12.2M | $13.4M | $2.9M |
| Accounts payable | $729.0K | $2.0M | $2.3M | $2.5M | $9.8M | $8.1M | $2.1M | $2.7M | $2.0M | $161.5K |
| Short-term debt | $605.0K | $312.0K | $100.0K | $62.0K | $0 | $938.1K | $52.1K | $53.2K | $54.6K | — |
| Total current liabilities | $2.8M | $4.0M | $2.4M | $3.6M | $9.8M | $9.1M | $2.1M | $8.6M | $2.0M | $800.0K |
| Long-term debt | $2.4M | $2.8M | $3.2M | $3.2M | $3.4M | $1.5M | $2.2M | $952.4K | $1.0M | — |
| Total liabilities | $18.1M | $18.2M | $6.4M | $6.8M | $13.2M | $10.6M | $4.4M | $9.5M | $3.1M | $800.0K |
| Retained earnings | -$204.3M | -$192.0M | -$177.0M | -$155.9M | -$134.6M | -$89.7M | -$53.3M | -$38.8M | -$21.3M | -$7.2M |
| Total equity | -$9.6M | $367.0K | $14.1M | $33.7M | $46.0M | $32.8M | $38.5M | $2.6M | $10.3M | $2.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10.1M | -$2.1M | -$18.0M | -$34.9M | -$40.6M | -$22.5M | -$9.1M | -$7.6M | -$6.4M | -$2.8M |
| Depreciation and amortisation | $384.0K | $524.0K | — | — | — | — | — | — | — | $333.9K |
| Stock-based compensation | $1.5M | $1.4M | $1.4M | $10.1M | $2.1M | $3.7M | $3.5M | $4.0M | $6.5M | $5.5M |
| Capital expenditure | — | $0 | $5.2M | $81.0K | $4.8M | $1.7M | $2.4M | $1.9M | $2.7M | $513.0K |
| Investing cash flow | -$1.2M | -$2.0M | -$5.6M | $21.3M | -$7.5M | -$3.0M | -$3.4M | -$2.0M | -$2.8M | -$513.0K |
| Financing cash flow | $678.0K | $10.3M | -$63.0K | $1.0M | $57.0M | $26.6M | $40.5M | $7.3M | $16.5M | $4.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-024649.
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