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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $173.0K | $153.0K | $10.9M | $514.0K |
| Gross profit | — | — | — | — | — | — | — | — | $10.7M | $133.0K |
| Net income | -$4.1M | -$14.0M | -$17.5M | -$14.5M | -$36.3M | -$44.9M | -$21.3M | -$21.1M | -$15.1M | -$12.3M |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Other event Item 8.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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