Revenue contracted by 98.4% year-over-year in 2025Q4, while the company reported a gross margin of -61.9%, reflecting significant inefficiencies in its current production model.
Loop Industries, Inc. (LOOP) annual income statement — 16-year revenue, gross profit & net income history
| Metric | TTM | Feb'26 | Feb'25 | Feb'24 | Feb'23 | Feb'22 | Feb'21 | Feb'20 | Feb'19 | Feb'18 | Feb'17 | Feb'17 | Feb'16 | Sep'14 | Sep'13 | Sep'12 | Sep'11 |
|---|
| Sales/Revenue | 558K | 514K | 10.89M | 153K | 172.84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | -94.98% | -95.28% | 7016.99% | -11.48% | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 1.43M | 765K | 524K | 535K | 550.11K | 548.23K | 775.67K | 830.43K | 503K | 367.18K | 397.44K | 397.44K | 211.84K | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | 148.83% | 4.81% | 349.67% | 318.28% | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | -868K | -251K | 10.37M | -382K | -377.28K | -548.23K | -775.67K | -830.43K | -503K | -367.18K | -397.44K | -397.44K | -211.84K | 0 | 0 | 0 | 0 |
| Gross Margin % | -155.56% | -48.83% | 95.19% | -249.67% | -218.28% | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | -102.42% | 2813.35% | -1.25% | 31.18% | 29.32% | 6.59% | -65.1% | -36.99% | 7.62% | -87.61% | -87.61% | - | - | - | - | - |
| Operating Expenses | 9.06M | 9.88M | 16.09M | 21.37M | 37.78M | 40.53M | 30.49M | 12.15M | 12.26M | 13.56M | 3.73M | 3.73M | 2.55M | 19.13K | 16.47K | 29.77K | 22.58K |
| OpEx % of Revenue | - | 1921.6% | 147.78% | 13965.36% | 21855.95% | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 5.94M | 6.41M | 9.23M | 9.99M | 20.43M | 12.79M | 11.58M | 7.22M | 8.81M | 6.87M | 2.28M | 2.28M | 1.75M | 19.13K | 16.47K | 29.77K | 22.58K |
| SG&A % of Revenue | - | 1246.11% | 84.75% | 6528.1% | 11819.98% | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 2.95M | 3.47M | 6.86M | 11.38M | 17.35M | 27.74M | 18.91M | 4.94M | 3.45M | 6.69M | 1.45M | 1.45M | 801.67K | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 675.49% | 63.04% | 7437.25% | 10035.97% | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 177K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -9.93M | -10.13M | -5.73M | -21.75M | -38.15M | -41.08M | -31.26M | -12.98M | -12.76M | -13.93M | -4.13M | -4.13M | -2.76M | -19.13K | -16.47K | -29.77K | -22.58K |
| Operating Margin % | -1779.93% | -1970.43% | -52.59% | -14215.03% | -22074.23% | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | -76.85% | 73.67% | 42.99% | 7.12% | -31.39% | -140.76% | -1.74% | 8.36% | -237.06% | -49.63% | -49.63% | -14339.5% | -16.15% | 44.7% | -31.85% | - |
| EBITDA | -9.58M | -9.74M | -5.2M | -21.21M | -37.6M | -40.53M | -30.49M | -12.15M | -12.26M | -13.56M | -3.73M | -3.73M | -2.55M | 15.01K | -16.47K | -29.77K | -22.58K |
| EBITDA Margin % | -1716.49% | -1895.72% | -47.78% | -13865.36% | -21755.95% | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | -831.71% | -87.28% | 75.47% | 43.58% | 7.22% | -32.94% | -150.83% | 0.86% | 9.59% | -263.09% | -46.48% | -46.48% | -17091.27% | 191.13% | 44.7% | -31.85% | - |
| D&A (Non-Cash Add-back) | 354K | 384K | 524K | 535K | 550.11K | 548.23K | 775.67K | 830.43K | 503K | 367.18K | 397.44K | 397.44K | 211.84K | 34.13K | 0 | 0 | 0 |
| EBIT | -10.7M | -10.13M | -14.44M | -20.89M | -21.11M | -44.77M | -36.26M | -12.31M | -17.07M | -14.04M | -4.11M | -4.11M | -2.84M | -19.13K | -16.47K | -29.77K | -22.58K |
| Net Interest Income | -1.68M | -1.47M | -380K | 361K | -147.46K | -95.34K | 11.05K | -1.92M | -467.08K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 78K | 236K | 238K | 558K | 41.3K | 58.98K | 93.04K | 500.48K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.76M | 1.7M | 618K | 197K | 188.76K | 154.32K | 82K | 2.42M | 467.08K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -2.09M | -2.17M | -9.33M | 662K | 16.85M | -3.84M | -5.08M | -1.74M | -4.77M | -109.68K | 18.16K | 18.16K | -74.81K | 0 | 0 | 0 | 0 |
| Pretax Income | -12.02M | -12.3M | -15.06M | -21.09M | -21.3M | -44.92M | -36.34M | -14.73M | -17.54M | -14.04M | -4.11M | -4.11M | -2.84M | -19.13K | -16.47K | -29.77K | -22.58K |
| Pretax Margin % | -2154.12% | -2392.8% | -138.28% | -13782.35% | -12324.01% | - | - | - | - | - | - | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -221.6K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.5% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -12.02M | -12.3M | -15.06M | -21.09M | -21.3M | -44.92M | -36.34M | -14.51M | -17.54M | -14.04M | -4.11M | -4.11M | -2.84M | -19.13K | -16.47K | -29.77K | -22.58K |
| Net Margin % | -2154.12% | -2392.8% | -138.28% | -13782.35% | -12324.01% | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | -2.9% | 18.32% | 28.6% | 1% | 52.58% | -23.6% | -150.56% | 17.28% | -24.93% | -241.21% | -45.04% | -45.04% | -14730.67% | -16.15% | 44.7% | -31.85% | - |
| Net Income (Continuing) | -12.02M | -12.3M | -15.06M | -21.09M | -21.3M | -44.92M | -36.34M | -14.51M | -17.54M | -14.04M | -4.11M | -4.11M | -2.84M | -19.13K | -16.47K | -29.77K | -22.58K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.25 | -0.26 | -0.32 | -0.44 | -0.45 | -0.99 | -0.89 | -0.38 | -0.52 | -0.43 | -0.13 | -0.13 | -0.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS Growth % | -0.33% | 17.83% | 28.69% | 1.22% | 54.71% | -11.85% | -131.9% | 26.31% | -20.67% | -230.77% | -30% | -30% | - | - | - | - | - |
| EPS (Basic) | - | -0.26 | -0.32 | -0.44 | -0.45 | -0.99 | -0.89 | -0.38 | -0.52 | -0.43 | -0.13 | -0.13 | -0.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 48.43M | 47.96M | 47.59M | 47.52M | 47.42M | 45.29M | 40.98M | 37.94M | 33.8M | 32.64M | 31.1M | 31.1M | 27.36M | 31.52M | 0 | 0 | 29.52M |
| Basic Shares Outstanding | 48.43M | 47.96M | 47.59M | 47.52M | 47.42M | 45.29M | 40.98M | 37.94M | 33.8M | 32.64M | 31.1M | 31.1M | 27.36M | 31.52M | 0 | 0 | 29.52M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying LOOP stock.
For fiscal year 2026, Loop Industries, Inc. (LOOP) reported total revenue of $0.5M.
Loop Industries, Inc. (LOOP) reported a net loss of $12.3M for the fiscal year ending 2026.
Loop Industries, Inc. (LOOP) reported an operating income of $-10.1M, resulting in an operating profit margin of -1970.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Loop Industries, Inc. (LOOP) generated $-0.3M in gross profit for the year, representing a gross profit margin of -48.8%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Pre-commercial scale liquidity constraints
Metrics are mathematically derived from official filings.
Revenue Volatility Reflects Pre-Commercial Status
As reported in recent financial filings, Loop Industries experienced a 98.4% year-over-year revenue decline in 2025Q4, underscoring the erratic nature of its project-based income streams and the absence of a stable, recurring commercial revenue base necessary to support its current operational footprint.
The extreme fluctuations in top-line performance suggest that revenue is currently tied to sporadic technology licensing or small-scale sample sales rather than consistent industrial output. Investors should interpret these figures as evidence of a firm that has yet to achieve the continuous-flow manufacturing required for sustainable growth.
Structural Margin Deficits Persist Unabated
Based on the company's reported figures, the gross margin of -61.9% in 2025Q4 highlights that the direct costs of production significantly exceed the market value of the output, indicating that the current pilot-scale operations remain fundamentally uneconomical without the benefit of industrial-scale efficiencies.
The persistent negative gross margins suggest that the company's proprietary depolymerization process has not yet reached a cost-competitive threshold against virgin PET. This implies that until commercial-scale facilities are fully operational, the firm will continue to face significant margin pressure that cannot be mitigated by current production volumes.
Operating Leverage Remains Severely Constrained
According to the income statement data, the company's operating margin of -11.2% in 2025Q4, while improved from prior periods, continues to demonstrate a massive decoupling between administrative overhead and the firm's negligible revenue-generating capacity, indicating a lack of meaningful operating leverage.
The high fixed-cost structure, dominated by R&D and SG&A, suggests that the company is currently burning capital to maintain its infrastructure rather than scaling operations. This warrants further investigation into whether the firm can achieve a break-even point before its existing liquidity is exhausted.
High Fixed Costs Mask Inefficiencies
Financial statements reveal that R&D and SG&A expenses consistently dwarf revenue, with 2025Q4 R&D spending of $480,000 and SG&A of $1.4 million, confirming that the company's cost structure is heavily weighted toward development rather than commercial execution.
The reliance on high-cost R&D and administrative support suggests that the company is prioritizing long-term technology validation over short-term expense discipline. Investors should monitor whether these costs are being effectively converted into tangible facility milestones or if they represent an unsustainable burn rate.
Sustainability of Business Model Challenged
As indicated by the 2025Q4 net loss of $2.7 million and a cash position of only $2,356,000, the company faces a critical liquidity risk that may force further dilutive financing, potentially undermining the long-term value proposition for existing shareholders.
Short-sellers would likely focus on the persistent inability to transition from pilot-scale to commercial-scale production, which remains the primary driver of the company's negative cash flow. The lack of a clear path to profitability suggests that the current valuation may be overly reliant on speculative future milestones.